GOLDEN BAND RESOURCES ANNOUNCES JOLU MILL
posted on
Dec 23, 2010 11:00AM
Saskatchewan's SECRET Gold Mining Development.
START-UP AT LA RONGE GOLD PROJECT
cnw
SASKATOON, SK, Dec. 23 /CNW/ - Golden Band Resources Inc. (GBN: TSXV) is pleased to provide a progress
update for the 100%-owned La Ronge Gold Project in northern
Saskatchewan. Processing of high-grade stockpiled material from the Roy
Lloyd Mine (Bingo Deposit) has now commenced and the first pour of gold
bullion at the Company's Jolu mill will occur when sufficient
gold-in-circuit inventory has been achieved. The Company plans for this
to occur before the end of December.
Jolu Mill Refurbishment and Construction
Refurbishment and construction of the Jolu Mill and associated
infrastructure including the Jolu above ground tailings management
facility, assay lab, offices and workshop has been completed. The
commissioning phases required to test all systems have been completed
and the Jolu mill is now operational. During the commissioning phase, a
parcel of low-grade material from the Roy Lloyd Mine (Bingo deposit)
was treated through the gravity and leach circuits of the mill. The
mill is now operating at a capacity of 400 tonnes per day as planned.
Gary Haywood, VP Operations and COO, reports, "It was our plan to use a
diesel generator to provide main power for the initial commissioning of
the mill, however, that generator suffered mechanical issues that
forced us to switch over to the grid power earlier than planned.
Although this switch required more initial time to implement, we now
have a consistent power supply and a reliable backup for the winter
months. During the switch over, cold weather consequently caused
freeze-up of the thickening circuit, and we experienced a longer delay
than anticipated."
Ore haulage from the Roy Lloyd Mine (Bingo deposit) is underway and a
high grade stockpile has been established at the Jolu mill.
Video of the progress of the commissioning and operation of the mill can
be viewed on the Company website. (
now poised to also become its newest gold producer. Golden Band is a
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 km2, including twelve known gold deposits, four former producing gold
mines, and the licensed Jolu 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 to
becoming a sustainable gold producer. The Company is aggressively
pursuing its near-term goal for the development and production of its
Bingo, EP, Komis, and Golden Heart gold deposits, with processing at
the 100%-owned Jolu mill. 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.,
"Ronald K. Netolitzky"
Ronald K. Netolitzky, Executive Chairman
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 and COO, who serves as the qualified person
(QP) under the definitions of National Instrument 43-101