Golden Band Resources Inc.: Thunder Showing Drilling Update
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SASKATOON,
The Thunder Showing has now been tested with seven drillholes over a strike length of about 50 metres and to a vertical depth of only 55 metres. The previously announced holes EK-3 (345 degrees, -45 degrees) and EK-4 (345 degrees, -60 degrees) are on the northeast end of the mineralized zone, with the new drilling reported here targeting about 15 metres to the west. These follow-up drillholes, consisting of another set of fan drillholes (EK-7: 310 degrees, -45 degrees) and EK-8 (310 degrees, -60 degrees), intersected the central part of the gold-mineralized zone in the showing. No assays are currently available.
EK-7 intersected a mineralized tectonic zone about 15-metre wide with frequent quartz-pyrite veins and veinlets and a five metre-wide central quartz-pyrite breccia (QPB) zone hosted by a volcanic debris flow. Within this central quartz-pyrite breccia zone, visible gold was noted in the drillcore of EK-7, consisting of a cluster of about ten gold grains in the 0.5 mm range, within a fine dusting of smaller gold grains. The second hole on this section (EK-8) intersected the same zone but without the central QPB zone.
Drillholes EK-9 (290 degrees, -60 degrees) and EK-6 (310 degrees, -45 degrees) drilled further to the southwest at 15 and 18-metre intervals respectively, intersected the QPB zone similar to EK-8. A subparallel, pyrite-mineralized, tectonized diorite porphyry dike within the tectonic structure has also been noted in some of the drillholes. The presence of more than one mineralized structure in the Thunder Showing is evidenced in the drillcore by the presence of visible gold in two structures. A southerly-located flanking zone similar to the one described above was intersected over about six metres in drillhole EK-5 (310 degrees, -45 degrees) and several quartz-pyrite veins up to 30-centimetre thick were noted with trace visible gold in one vein.
The Thunder Showing is in the Earl-Kidney area that has been the focus of exploration since the late 1970's, with Golden Band's most active period being during 2005 and 2006 when extensive programs of bulk till sampling and the compilation of historical data identified at least six high priority targets that contained high gold-grain counts and strongly anomalous gold content in the fines of the tills sampled. Within the main area of about four square-kilometres, numerous other anomalous sample sites have been identified. One of the reasons that this area has been difficult to explore is that it is down-ice from a series of very strong regional gold-in-till fans from up-ice sources such as the Komis and EP gold deposits.
The Thunder and Lightening showings are new targets identified to the north and west of the previously high priority anomalies. Based on results to date, we consider the
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On behalf of the Board of Directors of Golden Band Resources Inc., "Rodney G. Orr" Rodney G. Orr, P.Geo., President & CEO
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
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For further information: Golden Band Resources Inc.: Rodney Orr, President & CEO, Phone: (306) 955-0787 x7123, Fax: (306) 955-0788, Email: [email protected]; Wani Capital Corp.: Raju Wani, (403) 240-0555, Email: [email protected], www.goldenbandresources.com
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