Golden Band Resources starts 2008 winter drilling program

    SASKATOON, Jan. 21 /CNW/ - Golden Band Resources Inc. (GBN:TSXV) is
pleased to announce the start of the 2008 winter exploration drilling program
on its La Ronge gold belt projects in northern Saskatchewan. This aggressive
program is designed to upgrade and increase the Company's higher-grade gold
resources, including those near the Jolu mill, and to test a very strong
soil-gas-hydrocarbon (SGH) anomaly near the Company's 100%-owned Golden Heart
    The winter drill program will be a minimum of 4,000 metres (m) and is
expected to be completed by late March, 2008. Targets for the program are the
100%-owned Decade, Birch Crossing, and Kaslo gold deposits, and the soil gas
hydrocarbon anomaly west of the Golden Heart gold deposit.

    Decade Mine

    The winter drilling program has begun at the former Decade gold mine
which is located 275 m from the Company's Jolu gold mill and 600 m from the
former Jolu gold mine, all 100%-owned by Golden Band (see previous news
release of November 6, 2007). An expanded geological data recompilation by
Golden Band of the historical Decade mine workings and drillhole databases
indicates that a shallow, high-grade gold zone may exist just north of the
former underground mine workings. Reported grades of up to 50 g/t Au over 7.77
m downhole (drillhole No. 7) with assays as high as 284 g/t Au over 1.82 m
(drillhole No. 46) are beyond the mined-out areas. The intent of this winter's
1,030 m (15 drillholes) drill program is to confirm the existence of this
high-grade gold mineralization at 25 m drill spacings so a mineral resource
can be determined if warranted by the results. Given the closeness to the Jolu
mill, any appreciable gold resources could factor into the Company's near-term
plans for gold production.

    Birch Crossing and Kaslo Deposits

    A recently completed NI 43-101 Technical Report on the Birch Crossing
deposit (see press release dated December 17, 2007) states an inferred
category mineral resource of 536,300 tonnes grading 5.11 g/t Au (88,100 ounces
of gold). The intent of this winter's 1,500 m drill program at Birch Crossing
is to expand this higher-grade resource so as to maximize its potential future
contribution to the Company's gold production plans (see news release dated
January 15, 2008 regarding the updated scoping study). A 400 m drill program
is also planned on the Kaslo gold deposit (700-800 m west of Birch Crossing)
to determine if the high-grade Red Cube Zone style of gold mineralization seen
at Birch Crossing and the Niko deposit continues into the Kaslo deposit.

    Soil Gas Hydrocarbon Anomaly - Golden Heart Deposit Area

    This winter's drilling will follow-up the very strong soil gas
hydrocarbon (SGH) anomaly obtained from sampling done adjacent to the Golden
Heart deposit in the summer of 2007 (see news release of October 10, 2007). A
total of 1,500 m of drilling are planned. The objective is to determine if the
large (350 m x 200 m) and very strong SGH response (rated 6 on a maximum scale
of 6), is indicative of significant gold mineralization in the bedrock beneath
the relatively thick overburden and swamp along the topographic low associated
with the Byer's Fault.
    The SGH anomaly is 200-300 m west of Golden Heart and 300-400 m southeast
of another gold mineralized area called the A Zone. Golden Heart (known
previously as the Weedy B and C Zones) and the A Zone were first identified in
1948. Drilling led by Ronald Netolitzky (Golden Band's Chairman) in the 1980's
on the Golden Heart deposit reported a number high-grade gold intersections,
such as 9.7 g/t Au / 5.0 m (W83-003), 11.5 g/t Au / 3.0 m (W83-020), 29.7 g/t
Au / 2.5 m (W83-022), and 13.2 g/t Au / 6.4 m (W83-024). Based on drilling
completed up-to 1997, the Golden Heart gold deposit is estimated to contain a
measured and indicated resource of 4.49 million tonnes averaging 1.8 g/t gold
(259,900 ounces) at a cut-off grade of 1.0 g/t gold. An additional 598,800
tonnes grading 1.66 g/t gold (31,900 ounces) is classified as inferred (see
news release of April 6, 2006). There is very little historical drilling
between Golden Heart (B & C Zones) and the A Zone, but one drillhole (WD84-40)
that is coincident with the northeastern edge of the SGH anomaly had two
intersections of 29.9 g/t Au over 0.9 m and 10.0 g/t Au over 1 m. The SGH
anomaly is otherwise untested by drilling. A Wacker drill basal till sampling
program done in 1983 over 1,200 metres along the trend of the Byer's Fault
between Golden Heart and the A Zone also returned a number of strong gold
anomalies of up to 968 parts per billion (ppb) gold. In addition to the SGH
anomaly being along the Byers trend, it also coincides with a contact between
intrusive and volcanic rocks. Both are favourable controls for gold-hosted
mineralization in the region.

    About Golden Band

    Golden Band Resources is a well-financed, Saskatchewan-based, publicly
listed company (GBN:TSXV, Tier 1) 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 strategy.

    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 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.

    %SEDAR: 00007862E

For further information:

For further information: Golden Band Resources Inc.: Rodney Orr,
President, (306) 955-0787 extension 13,;
Motivia Communications: Roger Francis, (306) 242-0694, toll free:

Organization Profile

Golden Band Resources Inc.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890