GBN: TSX Venture Exchange
SASKATOON and LA RONGE, SK, Sept. 19 /CNW/ - Golden Band Resources Inc.
and the Kitsaki Procon Joint Venture are pleased to announce the signing of a
General Services Agreement between their organizations. The intent of this
agreement is that business opportunities from Golden Band's advanced
exploration, pre-development projects, and anticipated future production
operations are available to members of the Lac La Ronge Indian Band. In
addition, the broader document asserts the commitments that both organizations
have to environmentally responsible mineral development.
"Gold exploration and mining require proven resources. With this business
relationship with the Kitsaki Procon Joint Venture, we have proven partners
with proven human resources and expertise," said Rodney Orr, President and CEO
of Golden Band Resources. "Everyone shares in the goal of successfully
re-establishing gold production in the La Ronge Gold Belt in a way that
benefits all. We at Golden Band see this as a great opportunity - and one that
marks our first step in the establishment of positive working relationships
with all of our northern neighbours."
"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, of the Lac La Ronge Indian Band and President of Kitsaki. "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 profitable manner."
Under the agreement signed today in La Ronge, Saskatchewan, the Kitsaki
Procon Joint Venture will begin underground and surface mining and
construction and the refurbishment of their licensed mill. Kitsaki has
business interests that will also become involved in catering, transportation,
provision of aggregate and environmental services.
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 Kitsaki Management
Kitsaki Management Limited Partnership performs for-profit economic
development for the Lac La Ronge Indian Band. In its 25-year history, Kitsaki
has successfully created and manages a portfolio of active business
investments such as Athabasca Catering, Canada North Environmental Services,
and Northern Resource Trucking which serve the mining industry. Kitsaki has
also invested in the La Ronge Motor Hotel and Suites, Northern Lights Foods,
First Nations Insurance Services, Asiniy Gravel Crushing and the Dakota Dunes
About Procon Mining and Tunnelling Ltd.
Procon Mining and Tunnelling is a full-service mining contractor. They
have extensive experience in mine development and operations, ranging from
shrinkage stoping of narrow vein gold deposits to longhole mining of massive
sulphides in a diversity of ground conditions. This has taken them from local
work in the western provinces of Canada to colder climates (underground mining
in the NWT, Yukon and Alaska) to international locations (development mining
in Ireland and Greenland and training heavy equipment operators in Russia).
Procon has also been involved in underground excavations for the civil
industry such as hydro penstocks and irrigation aquaducts.
On behalf of the Board of Directors of On behalf of
Golden Band Resources Inc., Kitsaki Procon Joint Venture,
"Russell Roberts" "Rodney G. Orr"
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 material y 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; Russell Roberts, CEO, Kitsaki Management
LP, (306) 425-2288, email@example.com; Ed Yurkowski, President,
Procon Mining and Tunnelling, (604) 291-8292, firstname.lastname@example.org; Motivia
Communications, Roger Francis, (306) 242-0694 or toll free 1-866-501-5651,