SASKATOON, April 16, 2012 /CNW/ - Golden Band Resources Inc. (TSXV: GBN; OTCQX: GBRIF) is pleased to announce that, effective April 23, 2012, Matthew Conklin, B.Eng., B.Geo., has been appointed Vice President Operations of Golden Band Resources.
Robson Garden, Golden Band's President and CEO, states, "I am delighted that Matt has agreed to become our Vice President of Operations. Matt has 27 years of mine operations experience including management of underground and open pit mining as well as processing operations. We have an underground mine, an open pit mine and another open pit mine in the latter stages of planning. Matt's experience is, therefore, ideally suited to the Company's needs and its future growth. Matt also has managerial experience with a junior gold producer in Nevada and understands the need for 'hands on' leadership. On behalf of all of our employees and the Board of Directors, I want to extend a warm welcome to Matt in his role with Golden Band."
Matt was born and raised in Montana. He attended the Montana College of Mineral Science and Technology where he received degrees in mining and geological engineering. Matt's experience in the mining industry has been primarily in the state of Nevada, but he also has mining experience in the states of Montana, Arizona, Texas and Arkansas. He has experience mining and processing minerals ranging from gold to diatomaceous earth and has directed and managed exploration programs, engineering activities, and feasibility studies.
Most recently Matt spent more than two years working as the Senior Mine Advisor to the Minister of Mines in Kabul, Afghanistan, under a contract through the United States Government. In that capacity he played a significant role in promoting the development of a major copper project and was instrumental in packaging and promoting for tender a huge iron ore deposit with expected investment of over $14 billion.
Matt Conklin stated: "I am excited to join the Golden Band team and to be offered the opportunity to build upon the already successful development of Golden Band as an emerging gold producer. Although I see challenges ahead, I also see the potential not only in the mineral resources but also in the core value of the company and the employees to create this value. Our initial objectives will be to streamline production, reduce costs, define existing and new deposits, and bring these deposits into production as quickly and efficiently as possible while maintaining our stellar safety record, commitment to working with the First Nations people and utilizing environmentally sound mining practices. I look forward to achieving these objectives and to continuing the growth of Golden Band Resources from a successful exploration company to a significant gold producer."
About Golden Band
Golden Band Resources, already Saskatchewan's leading gold explorer, is now also its newest gold producer. Golden Band is a Saskatchewan-based, publicly listed company (GBN: TSXV; OTCQX: GBRIF) whose focus is the long-term, systematic exploration and development of its La Ronge Gold Belt properties. Since 1994, Golden Band has assembled through staking and strategic acquisition a land package of more than 870 km2, including 12 known gold deposits, four former producing mines, and a licensed gold mill. Golden Band's key value drivers are the methodical and systematic targeting of primary to advanced-stage exploration while progressing along a parallel path of being a sustainable gold producer. The Company is aggressively pursuing its near-term goal of commercial production of its Bingo, Komis, and EP deposits with processing at the 100%-owned Jolu mill. The Company's objective is the annual production of at least 75,000 ounces of gold over a ten-year project life. Other longer-term objectives include the continuation of its highly successful exploration and acquisition strategies.
On behalf of the Board of Directors of Golden Band Resources Inc.,
A Robson Garden, President and CEO
Caution Regarding Forward-Looking Information and Statements
This document includes statements and information about the Company's expectations for the future. When Golden Band's strategy, plans, and future financial and operating performance, or other things that have not yet taken place, are discussed, the Company is making statements considered to be forward-looking information or forward-looking statements under Canadian and United States securities laws. Such forward-looking information and statements in this document are referred to as "forward-looking information".
Generally, forward-looking information can be identified by the use of forward-looking terminology such as, for example, "plans", "expects" or "does not expect", "is expected", "budget", "goal", "target", "project", "potential", "strategy", "outlook", "scheduled", "predicts", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes", and similar expressions, or the negative connotation thereof or variations of such words and phrases or statements that certain actions, events or results, "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.
Readers are cautioned that the forward-looking information in this document represents Golden Band's current views and can change significantly. Forward-looking information contained in this document is based on certain material assumptions, including, but not limited to:
- geological and other conditions that may affect exploration, development, and the amenability for mining;
- the Company's ability to comply with current and future environmental, safety and other regulatory requirements, and to obtain and maintain required regulatory approvals; and,
- the Company's operations not being significantly disrupted as a result of political instability, nationalization, terrorism, sabotage, blockades, breakdown, natural disasters, governmental or political actions, litigation or arbitration proceedings, or other development or operating risks.
Readers are cautioned that such assumptions are not exhaustive and may prove to be incorrect. Although the Company believes that the assumptions on which the forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking statements because Golden Band can give no assurance that they will prove to be correct.
Actual results and events may be significantly different from those currently expected due to a number of material risks. These include, but are not limited to:
- the Company's inability to enforce its legal rights, or its being subject to litigation or arbitration that has an adverse effect on the Company;
- defects in title to the Company's properties;
- unexpected or challenging geological, hydrological, or mining conditions;
- environmental, safety and regulatory risks, including increased regulatory burdens or delays;
- the Company's inability to obtain or maintain necessary permits or approvals from government authorities or other third parties;
- changes to government regulations or policies, including, but not limited to, tax and trade laws and policies;
- natural phenomena, including, but not limited to, inclement weather, fire, and flooding; and,
- operational disruption of the Company due to problems and other developments and operating risks.
In addition, Golden Band's annual and interim MD&A, which are available on SEDAR at www.sedar.com, include a discussion of other material risks that could cause actual results to differ significantly from the Company's current expectations.
Forward-looking information is designed to help the reader understand management's current views of the Company's near and longer-term prospects, and it may not be appropriate for other purposes. The forward-looking information contained in this document is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The forward-looking information is expressly qualified by these cautionary statements.
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.
For further information:
Rodney Orr, VP of Corporate Development,
Golden Band Resources Inc.
Phone: 306 385 7123
Fax: 306 955 0788
Email: [email protected]