SASKATOON, Feb. 12, 2013 /CNW/ - Golden Band Resources Inc. (Golden Band
or Company) (TSXV: GBN); (OTCQX: GBRIF) announces that President and Chief Executive Officer, Mr. Robson
Garden, has resigned for personal reasons, effective February 11,
2013. Mr. Garden will continue as a member of the Board of Directors
for the Company.
Mr. Ron Netolitzky, Chairman of the Golden Band Board of Directors
stated, 'We would like to thank Mr. Garden for his contributions over
the past almost 18 months since being appointed as President and CEO.
Leading the start up of a mining operation can be challenging and Mr.
Garden has been actively engaged in overcoming many of these
difficulties. On behalf of the Board of Directors and all the
employees of Golden Band, I would like to extend our best wishes to Mr.
Garden in his future endeavors.
While we have achieved much in our short history of gold production, we
are still faced with many challenges and have appointed Mark Thiel as
interim President and Chief Executive Officer. Mr. Thiel, a chartered
accountant and our current Vice-President, Finance and Chief Financial
Officer, brings extensive and varied mining experience to the role, on
both the business and operations side. We are fortunate to have a
strong leader on our executive team and I look forward to working with
Mr. Thiel in making positive changes in our operation to realize the
value, for the benefit of our shareholders, that exists in our
extensive mineral resources.'
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 and the Company has production from two
mines, Roy Lloyd and Komis. Processing is at the centrally located Jolu
mill, with a nominal capacity of 650 tonnes per day. 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.,
"Mark J. Thiel"
Mark J. Thiel, CA, President 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:
Mark J. Thiel, VP, President and CEO
Golden Band Resources Inc.
Phone: 306 385 7128
Fax: 306 955 0788
Raju Wani: 403 240 0555
Tony Perri: 604 682 6852