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Message: News - Drill Results

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Drill results are showing Golden Heart as a good candidate for long term mining, with consistent grades. Golden Heart(or Weedy Lake deposits) was a good acquisition and is proving up consistently.

1989 map

The mill zone is not providing for any expectations of a mining development, since the grades are consistently below average. And yet, at one time it was the focus of excitement. The Mill Zone might eventually be a mining prospect, but it would require much higher gold prices and a much larger mill, or the construction of a shaft to continue along the ore shoot. Either that, or they're knowingly drilling into the lowest grade portions, which I wouldn't put past them.

So its all up to the Roy Lloyd mine for now, the bread and butter of the play. The grades at the Roy Lloyd mine are consistently excellent. The drill core logs in the Bingo technical report will compare advantageously with the other deposits in La Ronge.

If the SGH survey shows a largish anomaly in addition to the mine, then roughly 1/3 of that deposit is probably the mineable portion. The SGH survey is not information forthcoming to the shareholders. I would say that this is crucial information at this point.

Sask. Energy & Resources

http://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203231

-F6

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