Hanging Wall Lens

Earlier on during the 2009 drill campaign to test depth extenstions to the ore shoot, one drill hole was left uncompleted. This led me to believe that the company must have come across yet another zone in addition to a structural zone that had been discovered during this time.

The Hanging Wall Lens is 150m. to the west, while the structural en echelon duplication of the 188 zone is 300m. to the west and north of the main Bingo deposit. The company aught to clearly differentiate between the two, unless I am mistaken and that the 188 zone is what they are referring to as the 'Hanging Wall Lens.'

http://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203184

The 188 zone is indicated on the map with 100m. intervals in a previous news release, making it approximately 300m. to the west.

The one takeaway from the latest after-hours news release are two drill holes in the very middle of the deposit (189, 192A.) The intervals are both wider than the norm, and have robust grades. When you find veins several metres wide, and the grades are consistent, this makes it far easier to mine. You can avoid problems of ore geometry and grade dilution.

Either you hope that the deposit spreads out along the strike length with depth, or that the vein itself widens.

http://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203260

GBN.V shares will not see any price appreciation until long dated treasuries sell off, as they are strongly inversely correlated, or that they pay a dividend.

-F6