GBN: TSX Venture Exchange
SASKATOON and LA RONGE, SK, Sept. 19 /CNW/ - Golden Band Resources Inc.
and the Lac La Ronge Indian Band announced jointly today the signing of a
Memorandum of Understanding (MoU) between the Band and Golden Band.
This document outlines the intentions and relationships of a broader,
mutually beneficial, partnership and sets out forward-thinking, strategic,
understandings and intentions on the establishment of relationships that will
help further the advancement of exploration and mining by Golden Band in ways
that are mutually beneficial.
"Many past resource developments have proceeded in our traditional lands
without any benefits for our band members. Golden Band is showing us that they
are committed to working with us and our businesses," said Chief Tammy
Cook-Searson, Chief of the Lac La Ronge Indian Band. "We want both a
productive business relationship and a productive community relationship with
Golden Band. We will work with Golden Band and the province at their community
consultation meetings and in the negotiation of a participation agreement that
will show First Nations and businesses across the country that resource
developments can proceed on traditional lands in a timely, cooperative and
"We are honoured to work with the strong local leadership represented
here by Chief Tammy Cook-Searson and the Council and Elders of the Lac La
Ronge Indian Band", said Rodney Orr, President of Golden Band. "Golden Band is
committed to northern business development in all its forms and opportunities.
This MoU is an excellent and exciting start for us, and I look forward to
continuing along this exciting path in this and other relationships".
Under the agreement signed today in La Ronge, Saskatchewan, a number of
activities required for Golden Band's planned development and gold mining
projects will be made available to Kitsaki for the provision of services.
These include underground and surface mining and construction, catering,
transportation, and environmental. Kitsaki Mining Limited Partnership and
Procon Mining & Tunnelling Ltd. have created the Kitsaki/Procon Joint Venture
for the purpose of providing such services to Golden Band.
About Golden Band
Golden Band Resources is a well-financed, Saskatchewan-based, publicly
listed company (GBN:TSXV) whose focus is the long-term, systematic exploration
and development of its 100%-owned La Ronge Gold Belt properties. Since 1994,
Golden Band has assembled through staking and strategic acquisition a land
package of more than 750 km(2), including ten known gold deposits, four former
producing mines, and a licensed gold mill. The Company's near-term goals call
for development and production from the Bingo, Komis, and EP deposits with
processing at the Company's 100%-owned Jolu mill - a project that has received
a positive Preliminary Economic Assessment (scoping study) on April 19, 2007.
Longer-term objectives include production from the Company's other deposits
and the continuation of its highly successful exploration strategy.
About the Lac La Ronge Indian Band
Located in north-central Saskatchewan, the Lac La Ronge Indian Band is
the largest First Nation in Saskatchewan, and one of the 10 largest in Canada,
with a 2007 population of 8,303 Woodland Cree. The band has 6 separate
communities and 18 reserves extending from rich farmlands in central
Saskatchewan all the way north through the boreal forest to the Churchill
River and beyond. Central administration is located in La Ronge on the edge of
the Pre-Cambrian Shield. The La Ronge Gold Belt falls within the Band's
On behalf of the Board of Directors of On behalf of
Golden Band Resources Inc., The Lac La Ronge Indian Band,
"Rodney G. Orr" "Chief Tammy Cook-Searson"
Rodney G. Orr, P.Geo., President & CEO Chief Tammy Cook-Searson
Golden Band Resources Inc. Lac La Ronge Indian Band
306.955.0787 extension 13 306.425.2813
306.242.0694 or toll free 1.866.501.5651
All of Golden Band's exploration programs and pertinent disclosure of a
scientific nature are prepared and/or designed and carried out under the
supervision of Frank Hrdy, P.Geo., Golden Band's VP Exploration, who serves as
the qualified person (QP) under the definitions of National Instrument 43-101.
All of Golden Band's development-related programs and pertinent disclosure of
a development nature are prepared and/or designed and carried out under the
supervision of Gary Haywood, P.Eng., Golden Band's VP of Operations, who
serves as the qualified person (QP) under the definitions of National
Cautionary Statements on Forward-Looking Information: The statements made
in this News Release by Golden Band Resources Inc. may contain certain
forward-looking information. Actual results may differ materially from those
currently anticipated in such statements. Certain risk factors may also affect
the actual results achieved by the Company.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Rodney G. Orr, P.Geo., President & CEO, Golden
Band Resources Inc., (306) 955-0787 extension 13,
firstname.lastname@example.org; Motivia Communications, Roger Francis,
(306) 242-0694 or toll free 1-866-501-5651, email@example.com;
Chief Tammy Cook-Searson, Lac La Ronge Indian Band, (306) 425-2813,