SASKATOON, March 14, 2013 /CNW/ - Golden Band Resources Inc. ("Golden Band" or "Company") (TSXV: GBN) (OTCQX: GBRIF) announces the appointment of Mr. Ron Coombes as a director of the
Mr. Coombes is an experienced entrepreneur and fundraiser and has been
involved in mineral exploration and junior exploration company
management for the past 15 years. Mr. Coombes also holds the position
as President of International Bethlehem Mining Corp., Black Panther
Mining Corp., White Tiger Mining Corp. and Rainy Mountain Royalty Corp.
The Company also announces the resignation of Mr. Robert Ingram. Mr.
Saxton, Chairman of the Golden Band Board of Directors stated, "We
would like to thank Mr. Ingram for his contributions to the Company and
wish him success in future endeavours".
About Golden Band
Golden Band Resources is a gold producer operating in the La Ronge gold
belt in northern Saskatchewan and is listed on the TSX Venture Exchange
in Canada under the symbol GBN and traded in the United States on the
OTCQX under the symbol GBRIF. The Company has two producing mines, Roy
Lloyd and Komis. 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 CEO
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:
Paul Saxton, Chairman and CEO
Golden Band Resources Inc.
Phone: 604 688 7377
Fax: 604 688 7307
Raju Wani: 403 240 0555
Tony Perri: 604 682 6852