Golden Band Resources Announces Appointment of Officers
SASKATOON, March 5, 2013 /CNW/ - Golden Band Resources Inc. (Golden Band or Company) (TSXV: GBN; OTCQX: GBRIF) announces the appointment of new officers effective March 1, 2013. Mr. Paul Saxton is appointed Chairman and Chief Executive Officer and Jimmy Mah is appointed Chief Financial Officer of the Company.
Mr. Saxton is currently the President and Chief Executive Officer of Lincoln Mining Corporation, a junior gold exploration company listed on the TSX Venture Exchange. He possesses a degree in mining engineering and a Masters in Business Administration and sits on the board of five other publicly listed mining companies. Mr. Saxton brings over 35 years of experience in the mining industry including Cominco (now Teck Resources). Over the years, he has been involved with several mining companies in diverse positions including mining engineer, operations manager and president and has been instrumental in building four operating mines.
Mr. Mah is currently the Chief Financial Officer of Lincoln Mining Corporation, a junior gold exploration company listed on the TSX Venture Exchange. He is a Certified Management Accountant with over 15 years of senior management experience in the mining, manufacturing, distribution and property management sectors. He has been responsible for strategic planning initiatives, operations and all aspects of corporate and financial management and administration, with experience in public company regulatory filings and compliance in Canada. As a financial executive, Mr. Mah brings a wide variety of experience in the mining industry including extensive responsibility for budgeting, cost management, corporate governance, government and securities compliance, taxation, as well as enterprise resource planning and information systems implementation
Mr. Saxton, Chairman of the Golden Band Board of Directors stated, 'We would like to thank Mr. Thiel for his contributions to the Company as interim President, Chief Executive Officer, Vice-President, Finance and Chief Financial Officer."
About Golden Band
Golden Band Resources is a gold producer operating in the La Ronge gold belt in northern Saskatchewan and publicly listed on the TSX Venture exchange in Canada under the symbol GBN and is traded in the United States on the OTCQX under the symbol GBRIF. Commercial production was declared on April 1, 2011. On February 26, 2013, the Company announced a temporary halt of mining at the Komis deposit to free up equipment and personnel for the construction of road access to the Golden Heart deposit. Operations at the Company's Roy Lloyd mine and Jolu mill continue. The Company has been actively exploring the La Ronge Gold Belt since 1994 and has assembled a land package of 870 km2, including 13 known gold deposits and four former producing mines, being Jolu, Decade, Star Lake and Komis. The Company plans to undertake aggressive drill programs throughout the La Ronge Gold Project with the goal of significantly expanding the existing NI 43-101 gold resources that have been identified to date.
On behalf of the Board of Directors of Golden Band Resources Inc.,
Paul Saxton, Chairman and Chief Executive Officer
Caution Regarding Forward-Looking Information and Statements
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the potential mineralization and geological merits of the mine properties, estimates of production, costs of production, the sufficiency and availability of capital and financing and other future plans, objectives or expectations of Golden Band Resources Inc. (Company) are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators available on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Accordingly, readers should not place undue reliance on forward-looking information. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Golden Band Resources Inc.For further information:
Jimmy Mah, Chief Financial Officer
Golden Band Resources Inc.
Phone: 306 385 7128
Fax: 306 955 0788