SASKATOON, SK, Dec. 3 /CNW/ - Golden Band Resources Inc. (GBN: TSXV) is
pleased to announce the results of its summer bulk till and soil gas
hydrocarbon sampling on its Golden Heart, Redhill, Hope, and Discovery Point
properties in the La Ronge gold belt of northern Saskatchewan. The assay
results of two reconnaissance coreholes in the Oven Lake prospect area have
also now been received.
Bulk Till Sampling
792 mechanized bulk till samples were collected during the summer field
program and processed at Golden Band's in-field gold processing laboratory. By
not incurring external lab delays in obtaining the results, this enables the
Company to evaluate gold-in-till anomalies in a timely manner and to follow-up
anomalous samples accordingly. The results of all in-house gold grain
recoveries will be confirmed by an independent laboratory by performing fire
assays on the fine fraction of the till. These assays are being performed by
Accurassay Laboratories in Thunder Bay, Ontario and TSL Laboratories in
Bulk till sampling 300 m north-northeast of the EP gold deposit in the
previously discovered A-Zone anomaly area (Figure 1) detected several strongly
anomalous samples containing up to 60 gold grains per kilogram (gg/kg). A
number of samples were also seen to contain gold grains shapes and textures
indicative of supergene mineralization similar to that noted in the nearby EP
deposit. Whereas the depth to bedrock in this prospect area exceeds 4 m and
precludes the possibility of trenching and stripping, diamond drilling of this
interesting gold-in-till anomaly will be required to confirm the presence of
bedrock hosted supergene mineralization.
In the Tower Lake-Jolu Corridor area (Figure 1), a cluster of three
strongly anomalous till samples were detected (12-13 gg/kg) with irregular,
delicate gold grain shapes indicative of a proximal gold source. The anomalous
area is also of interest as it is in close proximity to the Oven-Corner Lake
fault which hosts the Corner Lake deposit, 11 km further to the northeast.
Several anomalous tills in the area east of Corner Lake may also indicate an
eastern extension of this fault further to the east of the deposit itself.
Follow-up of these results is warranted.
Golden Band is very encouraged by these bulk till results as they
continue to demonstrate the Company's proven exploration advantage with this
very time- and cost-effective exploration method. Given, however, that bulk
till geochemistry is ineffective in areas where tills are either absent or in
areas of thick glaciolacustrine clay cover, the Company is now also using
another state-of-the art technology, soil gas hydrocarbon (SGH) sampling, to
assess areas where mapping and prospecting of surface outcrops cannot be done.
Soil Gas Hydrocarbon Sampling
The soil gas method involves the testing of various sample media (usually
soils) for a wide range of hydrocarbon compounds in the C5-C17 carbon series
range. The soil gas method is one of the most sensitive types of analysis
available, and the ultra-low limit of detection in parts per trillion (ppt) is
vital to the measurement of the small amounts of hydrocarbons which are
leached/metabolized and then released by bacteria interacting with gold
mineralization at depth. The samples were processed at the facilities of
Activation Laboratories (ISO/IEL accredited) in Ancaster, Ontario, with the
data subsequently interpreted by Activation's geochemists to determine the
presence of potential gold mineralization. Golden Band first tested the
efficacy of this technology on an orientation basis in 2006 with encouraging
During May, June and July, SGH sampling was undertaken on B-horizon soil
samples in four prospect areas (Figure 1) where gold mineralization has been
identified, but where past bulk till sampling has been found to be
ineffective. The objective was to advance these targets towards the
drill-ready stage for follow-up where warranted.
The soil gas survey in the Golden Heart deposit area was extended over
the previously outlined area of the gold deposit and identified a very strong
(6 on a maximum scale of 6), high contrast SGH signature indicative of a gold
target which coincides with the known surface trace of the deposit. The survey
extended 200 m to the north and east and also identified a secondary anomaly
north of the Byers Fault which may represent another possible gold target,
100 m north of the Golden Heart deposit. These anomalies warrant drill testing
in order to determine if additional mineralization may be present which might
add to the currently outlined resources at Golden Heart.
Most of the soil gas sampling undertaken during the summer (575 of 1,032
samples) was completed on the Redhill grid, adjacent to the eastern shore of
Lower Waddy Lake (Figure 1). Up to sixteen visible gold showings are known in
this prospect within a two square km area. Past manual and mechanized till
sampling efforts in the area by Golden Band and other companies were
frustrated by thick lacustrine clay cover and the absence of underlying
lodgement till which might contain gold-in-till dispersion trains indicative
of bedrock hosted mineralization.
The SGH sampling in the Redhill area identified three targets ranked as
class 5 anomalies (ranking 6 highest) due to their highly contrasting apical
anomaly shapes. A series of four less prominent anomalies in the southern half
of the survey area were ranked as class 4 anomalies, given their apparently
less robust molecular weight gold signature. Due to poor outcrop exposure
throughout much of the Redhill area, these anomalies require drill testing to
determine their gold mineralization potential.
Soil gas signatures for the Hope showing prospect illustrate a signature
similar to that associated with the Golden Heart deposit, with good agreement
among other supporting gold indicator class signatures, thus lending
confidence in the interpretation. Given the high contrast and apical shape of
several anomalies with the Hope Showing area, Actlabs has assigned a class 4
rating to the prospect which indicates the good possibility of an economic
gold target being present. Follow-up drilling is warranted to confirm these
The soil gas signature for the Discovery Point prospect is interpreted to
be related to narrow vein type gold anomalies possibly similar to that seen at
the Discovery Point showing itself. Overall, the classification of the soil
gas anomalies in this area is ranked as good (4 of a possible score of 6)
which represents the possibility of gold targets within the prospect area.
Additional prospecting and possibly drilling will be required to fully
determine the potential of this gold prospect.
Golden Band is encouraged by the apparent applicability of the soil gas
method in areas of potential gold mineralization where outcrop and tills are
not available. It is estimated that less than 35% of the entire project area
has outcrop, and that as much as 30% of the areas covered by overburden are
not amenable to bulk till sampling. Drill-testing of these SGH anomalies will
likely be required to confirm these encouraging results.
Oven Lake Drilling
Two reconnaissance coreholes (257.9 m) were completed on the Oven Lake
gold prospect during August. Earlier drilling of the prospect by previous
owners in 1988 reportedly intersected grades of up to 7.6 g/t gold over 1.5 m
associated with a 1.5 km long mineralized trend which extends to the Corner
Lake gold deposit 1.2 km further to the east (Figure 1).
The summer reconnaissance drillholes were collared on successive 25 m
stepouts west of the earlier drilling and along strike of a ground magnetics
inferred lineament. Drilling in both holes encountered wide intervals (5-20 m)
of moderate to strongly sheared dacite accompanied by silicification and
albitization hosting trace-8% quantities of finely disseminated pyrite.
Several 0.8-5.0 m wide felsic intrusive dykes were also noted in both holes
hosting trace quantities of pyrite, indicative of the development of an active
hydrothermal system. In the absence of any widespread quartz vein development
within the shears and intrusive dykes, the maximum assay noted in either
drillhole was on the order of 250 ppb Au/1.5 m. Further drillhole
investigation of the Corner-Oven Lake mineralized trend will be deferred until
the winter months when lake access to potentially mineralized targets on Oven
Lake is possible.
EP, Charlie's Eye, and Decade Mine Drilling
The fall drill program at the former Decade gold mine designed to test
for the continuation of shallow, high-grade gold mineralization below the
existing underground development was completed on November 26. The EP and
Charlie's Eye drilling was completed during the summer program. Assays are
still awaited from the laboratories for all three of these areas.
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 and acquisition
On behalf of the Board of Directors of
Golden Band Resources Inc.,
"Rodney G. Orr"
Rodney G. Orr, P.Geo., President & CEO
Figure 1: http://www.goldenbandresources.com/figureDec03.html
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, and Ron
Avery, P.Geo. 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 Instrument 43-101.
Cautionary Statements on Forward-Looking Information: The statements made
in this News Release 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: Golden Band Resources Inc.: Rodney Orr,
President, (306) 955-0787 extension 13, firstname.lastname@example.org;
Motivia Communications: Roger Francis, (306) 242-0694, toll free: