Golden Band Resources Reports Greywacke North Preliminary Drill Results

SASKATOON, Sept. 2, 2014 /CNW/ - Golden Band Resources Inc. (GBN:TSX.V) ("Golden Band" or the "Company") reports the preliminary assay results from the 2014 drill program completed on the Greywacke joint venture property (50% Golden Band Resources Inc. & 50% Masuparia Gold Corporation). During April, 2014, Masuparia Gold Corp. as operator completed 22 drill holes for a total of 2,088 metres within the Greywacke North zone.

The objectives of the program were to define the margins of the zone, infill information gaps and to explore for lateral extensions. The program will assist in completing an updated resource evaluation. The results were highlighted by drill hole GW14-123 which returned an interval of 20 metres of 8.09 g/t Au including 9 metres of 13.73 g/t Au. Table 1 presents the extent of elevated gold values encountered including significant mineralized intervals. Sample analyses were completed at the Golden Band's Jolu Mine laboratory. All samples returning assays greater than three g/t Au were subjected to metallic assays which were used in all calculated mineralized intervals. A QA/QC protocol, incorporating standards, blanks, and duplicates, was implemented for the drill program and a review of these control samples has raised no concerns as to the validity of the results.  Because the Jolu Mine laboratory is operated by a related party, and as should be part of any comprehensive QA/QC program, a representative number of samples will be sent to an independent laboratory for third party verification of results.

Table 1: Intervals of Elevated and Mineralized Values

Drill Hole

From

(metres)

To

(metres)

Interval

(metres)

Au

(g/t)

GW14-105

32

38

6

0.20

GW14-106

73.4

88.4

15

0.55

Incl

86.4

88.4

2

1.97

GW14-107

63

71

8

0.25

Incl

75

87

12

1.18

GW14-108

5

12

7

0.19

Incl

24

26

2

2.43

GW14-109

9

27

18

0.56

Incl

15

20

5

1.30

GW14-110

0.8

3

2.2

0.87


17

42

25

0.70

Incl

19

28

9

1.28

GW14-111

45

47

2

4.92


55

56

1

13.19


61

65.23

4.23

0.78 EOH

GW14-112

40

46

6

0.74


64

71

7

3.23

Incl

64

67

3

5.67

GW14-113

93

102

9

1.32


106

110

4

1.00


116

123.75

7.75

1.41 EOH

Incl

117

119

2

3.93

 

Drill Hole

From

(metres)

To

(metres)

Interval

(metres)

Au

(g/t)

GW14-114

7

31

24

0.98

Incl

21

25

4

3.66


43

51

8

1.40

GW14-115

6

44

38

0.80

Incl

29

39

10

1.58

GW14-116

93

119

26

0.38

Incl

111

113

2

1.63

GW14-117

39

58

19

0.38


58

66

8

5.29

Incl

64

65

1

14.67

GW14-118

118

130

12

1.58

Incl

123

124

1

6.50

GW14-119

77

88

11

0.26

GW14-120

NSR

GW14-121

NSR

GW14-122

113

144

31

0.74

Incl

126

133

7

1.80

GW14-123

84

104

20

8.09

Incl

92

101

9

13.73

GW14-124

96

105

9

2.40

Incl

98

99

1

13.18

GW14-125

64

95

31

0.40


133

143

10

0.47

GW14-126

12

32

20

1.30

Incl

25

30

5

3.09


42

71.32

29.32

0.61 EOH

Incl

54

58

4

2.58

 

Frank Hrdy, P.Geo., (APEGS) Consulting Geologist, has acted as the Qualified Person as defined in National Instrument 43-101 for this disclosure and has reviewed and approved the scientific and technical information contained in this release. Mike Jamieson, P.Geol., of Taiga Consultants Ltd., oversaw and supervised the drill program.

About Golden Band Resources Inc. 

Golden Band Resources Inc. 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 trades in the United States on the OTC Pink marketplace under the symbol GBRIF. Commercial production was declared on April 1, 2011. 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 five former producing mines, being Jolu, Decade, Star Lake, EP 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"
Paul Saxton, CEO

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.

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 regarding the future exploration plans, restructuring of operations, 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 operations, current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, cost overruns, 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. The Company makes all reasonable efforts to update its corporate information on a timely basis.

SOURCE: Golden Band Resources Inc.

For further information: Investor Relations: 604-682-6852, Email: info@goldenbandresources.com, Web: www.goldenbandresources.com

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Golden Band Resources Inc.

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