Mr. Ronald Netolitzk reports
GOLDEN BAND RESOURCES SUMMER EXPLORATION PROGRAM UPDATE
Golden Band Resources Inc. has provided an update to shareholders with further results from the
summer exploration program and the initial follow-up diamond drilling
on the newly discovered Fireweed prospect (see news release dated
Sept. 7, 2011). The company is very encouraged by these initial
follow-up results, and is planning additional follow-up this fall and
winter.
Channel samples at Fireweed were collected over approximately 35 metres
of strike length exposed by overburden stripping, with the
best initial assay returning 5.61 grams per tonne gold over three
metres, including 8.17 g/t Au over one metre. The previously reported
channel sample assays were from the company's in-house unaccredited Jolu Lab (see
news release dated Sept. 7, 2011). Twinned channel samples were also sent
to the Saskatchewan Research Council's Geoanalytical Laboratories(SRC),
an accredited assay lab in Saskatoon. Results are shown in the accompanying table. The assay results indicate a very nuggety gold distribution, as is
often present in La Ronge gold belt deposits.
Four diamond drill holes (335.5 metres) were completed on the Fireweed target,
comprising two fences approximately 50 metres apart. Assay results of
one g/t Au or better are reported in the accompanying table. Of particular note is the intersection of a hangingwall mineralized
zone in drill hole FF-1.
The Fireweed trend was traced for a minimum of 250 metres based on the
bulk till sampling program. Additional diamond drilling is planned to
test the on-strike continuity of Fireweed, as well as possible footwall
and hangingwall gold mineralization. This drilling is to commence
immediately after the current Komis drilling that is testing that
deposit for extensions to depth and on strike.
Two drill holes (300 metres) were also completed to test the 301 Pit target in
the Round Lake area, and the extensive till anomaly situated south of
Round Lake (see news release dated Sept. 7, 2011). With assay results
of one g/t Au or less, these indicate that the sources of the basal
till anomalies have not been located. Mineralized quartz vein till
cobbles obtained from the 301 pit have returned assays of 186 and 8,810 parts per billion
Au, with additional samples being assayed in the lab.
In addition to the further Fireweed diamond drilling, two drill holes are
planned to test the Big M prospect (see news release dated Sept. 7,
2011), and the company is considering a winter overburden drilling
program and geophysical work to assist in pinpointing the location of
these exciting targets in the Round Lake area.
Quality assurance/quality control
Assays were completed at both the company's non-accredited Jolu
Mill assay lab and at the Saskatchewan Research Council Geoanalytical
Laboratories.
The company's Jolu Lab assay lab is a non-accredited facility. Results
are based on the standard fire assay method and utilization of a
30-gram assay charge. The final results for this program include check
assays of the significant intervals. The quality assurance and quality
control of the assay results were monitored by a series of sample
standards and sample blanks that Golden Band routinely inserts into the
sample sequences.
The standard fire assays done by the Saskatchewan Research Council
Geoanalytical Laboratories are in accordance with ISO/IEC 17025:2005
(CAN-P-4E) standards. The quality assurance and quality control of the
assay results were monitored by a series of sample standards and sample
blanks that Golden Band routinely inserts into the sample sequences.
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 Charlie Harper, PGeo, who serves as the qualified
person 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, PEng, Golden Band's vice-president, operations,
and chief operating officer, who serves as the qualified person under the definitions
of National Instrument 43-101.
FIREWEED PROSPECT CHANNEL SAMPLE ASSAY RESULTS
Jolu Mill assay lab SRC assay lab
Channel Channel Channel Average Average Repeat Metallic
sample sample No. sample length Assay assay Assay assay assay assay
(m) (g/t Au) (g/t Au) (g/t Au) (g/t Au) (g/t Au) (g/t Au)
A 1 0.5 0.00 0.05
2 1.0 0.47 0.22
3 1.0 8.17 2.30 2.25
4 1.0 5.00 2.37 2.73
5 1.0 3.67 4.65 4.94
5.61 over 3.31 over
three m three m
6 1.0 0.80 0.33
7 0.5 0.27 0.06
B 1 0.5 0.37 0.62
2 0.7 2.37 1.74 1.74
3 1.0 3.60 3.97 4.42
4 1.0 2.20 9.51 9.95
5 1.0 8.50 5.16 5.12
4.51 over 5.74 over
3.7 m 3.7 m
6 0.5 0.13 0.56
C 1 0.5 0.00 0.01
2 0.4 0.00 0.02
3 1.0 0.10 0.08
4 1.0 0.03 0.06
5 1.0 3.70 2.96 3.00
6 0.5 0.07 0.92
D 1 1.0 0.03 0.10
2 1.0 0.00 0.09
3 1.0 0.00 0.05
4 0.5 0.07 0.03
E 1 1.0 0.02 0.11
2 1.0 0.27 0.51
3 1.0 0.07 0.18
4 1.0 0.01 0.07
5 0.5 0.13 0.02
F 1 0.5 0.00 0.05
2 1.0 0.40 20.9 5.20
3 0.5 0.00 0.05
G 1 0.5 0.00 0.05
2 1.0 0.00 0.25
3 1.0 0.47 1.14 0.87
4 0.6 0.20 0.48
H 1 0.5 0.03 0.09
2 1.0 0.27 15.2 13.7
3 0.4 6.43 6.42 6.25
4 0.6 3.33 1.45 2.42
I 1 0.5 0.00 0.01
2 1.0 0.00 0.09
3 0.6 0.47 0.19
4 0.6 0.10 0.47
J 1 0.5 0.07 0.02
2 0.7 0.00 0.06
3 0.8 8.20 1.79 1.73 1.16
4 0.5 0.03 0.03
K 1 0.5 0.00 0.07
2 0.7 3.57 5.52 5.75
3 0.7 0.17 0.07
FIREWEED ASSAY RESULTS (JOLU ASSAY LAB)
Fire assay Metallic assay Grade
Drill hole No. Sample No. From To Interval g/t Au g/t Au thickness g/t Au
(m) (m) (m)
FF-01 556936 8.0 9.0 1.0 1.50 1.50
437901 9.0 10.0 1.0 16.77 15.18 16.77
Average -- 8.0 10.0 2.0 18.27 18.27 9.14 over two m
556937 10.0 11.0 1.0 Tr
437902 18.2 19.2 1.0 0.50
556938 46.4 47.4 1.0 0.10
437903 47.4 48.4 1.0 1.97 1.97
437904 48.4 49.4 1.0 1.10 1.10
437905 49.4 50.4 1.0 0.10 0.10
437906 50.4 51.2 0.8 0.33 0.26
437907 51.2 52.2 1.0 1.57 1.57
Average -- 47.4 52.2 4.8 5.00 1.04 over 4.8 m
556940 52.2 53.2 1.0 0.30
437908 62.9 63.9 1.0 0.10
437909 63.9 64.9 1.0 0.67 0.67 over one m
437911 64.9 65.9 1.0 0.07
437910 65.9 66.8 0.9 0.10
437912 66.8 67.8 1.0 Tr
FF-02 556934 13.5 14.5 1.0 Tr
437913 14.5 15.5 1.0 0.03
437914 15.5 16.5 1.0 Tr
437915 16.5 17.5 1.0 1.33 1.33
437916 17.5 18.4 0.9 4.73 4.26
437917 18.4 19.4 1.0 0.20 0.20
437918 19.4 20.4 1.0 13.37 9.75 13.37
437920 20.4 21.4 1.0 1.13 1.13
Average -- 16.5 21.4 4.9 20.29 4.14 over 4.7 m
437921 21.4 22.4 1.0 0.50
437922 22.4 23.7 1.3 Tr
556935 23.7 24.7 1.0 Tr
FF-03 437923 45.5 46.5 1.0 1.27 1.27 over one m
437924 46.5 47.5 1.0 0.13
437925 47.5 48.5 1.0 Tr
437937 51.9 52.9 1.0 0.23
437926 59.3 60.3 1.0 Tr
437927 60.3 61.4 1.1 Tr
437928 61.4 62.4 1.0 0.07
437929 62.4 63.4 1.0 0.03
437930 63.2 64.2 1.0 Tr
437931 64.2 65.2 1.0 0.07
437932 65.2 66.1 0.9 Tr
437933 66.1 67.1 1.0 Tr
437934 67.1 68.1 1.0 0.03
437935 68.1 69.2 1.1 Tr
437936 69.2 70.2 1.0 Tr
FF-04 437938 20.0 21.0 1.0 0.10 0.07
437940 21.0 22.0 1.0 0.40 0.40
437941 22.0 23.0 1.0 0.90 0.90
437942 23.0 24.1 1.1 0.17 0.19
Average -- 21.0 24.1 3.1 1.49 0.48 over 3.1 m
437943 24.1 25.4 1.1 0.07
437944 25.1 26.1 1.3 Tr
437945 26.1 27.1 1.0 Tr
437946 27.1 28.1 1.0 0.10
437947 28.1 29.1 1.0 1.00 1.00 over one m
437948 29.1 30.0 1.0 Tr
437949 39.0 40.0 0.9 Tr
437950 40.0 41.0 1.0 Tr
437951 42.9 44.1 1.0 0.37
437952 44.1 45.0 1.2 Tr
Tr stands for trace.
We seek Safe Harbor.
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