Partial OT-I read the 10 chip and grab sample NEWS RELEASE, with that outlyer ONE OUNCE per ton mentioned. I hate OUTLYER grabs. Really. 5 Years ago in Africa Golden Rule ( any one see the run on JV partner of it at CDG INVEST BELOW is GOLDEN RULE SUCESSOR in Atabaska Basin of SASH )? See Viceroy News)and International Tournigan(CTG now I think) were in the news on what was termed SECECTIVE SAMPLING. The Northern Miner that two years I won the free subscriptipon to it in their annual questionaire contest had Vivian Danielson write up an exposee on the system. I had to write this.
Chucka WRONG BOARD ...some times mistakes happen as my dad use to term, serendipity. He referenced it in to his belief system/ some say religon or other words/some call Albert The Pioneer of Ecology, and that is important in mining and our hobby here is it not?
As his friend Albert Schweitzer in Africa said ...better to move the building site than disturb the trailing ants. I lost many many $14 ITG-v bills that year, in Africa. A SORRY LESSON.
Speaking of AFRICA, they remaindered my Dad's book at E Bay at Half.com/Ebay from the IST PRICE of $18 at Johns Hopkins last week, I went to search you it and it is replaced by this 1977 old edition he did for the association folks as I swear it was on sale last week for $5.00 TOO Bad I bot Goldcorp IN STEAD LOL. No. It is not $17.00 now for this old edition: or it SHOULD NOT BE, as I said serendipity happens:
press.jhu.edu
above is the real LINK looks still active: same 2000 Price I signed the contract for...I thought it was too early to be remaindered since SPRING 2000 LOL old 1978 or so editio down here at 4 TIMES WHAT IT SHOULD COST...or 8 I say OLD STUFF?
half.ebay.com
ChuckaSERENDIPITY
GOLDEN BAND RESOURCES INC: MASUPARIA GOLD CORP: CDG INVESTMENTS INC - Golden Band Obtains Right To Acquire The Jolu Gold Mill
Vancouver, BC, May 22, 2002 (Market News Publishing via COMTEX) -- Golden Band Resources Ltd. (the "Company") is pleased to announce that in conjunction with its plan to renew gold exploration in the La Ronge Belt of northern Saskatchewan, it has secured the right to acquire participation in the Jolu gold mill. The acquisition of a suitable mill facility is expected to significantly lower the economic threshold required to define an economic deposit in the area due to savings of the capital cost of mill construction and the expense of permitting. In cooperation with Masuparia Gold Corp. and Viceroy Gold Corporation, the Company has signed a Letter of Intent with CDG Investments Inc. (formerly Golden Rule Resources Ltd.) that, subject to due diligence, would result in the acquisition of the Jolu Mill. The Jolu Mill was initially constructed by the Mahogany Minerals - Corona joint venture in 1987/88 with a rated capacity throughput of 400 tonnes/day and maximum operating rate of 500 tonnes/day. The mill was refurbished in 1996 by CDG Investments Inc. ("CDG") to process ore from the Komis deposit. The weakening gold price and lower than anticipated grades delivered to the mill resulted in its shut down in 1997 after processing 132,900 tonnes which recovered 26,859 oz of gold. The shut down was completed in an orderly fashion under supervision, with the site being placed in a temporary suspension basis with the government. Having access to a permitted mill situated within the centre of our exploration project area provides the opportunity for an early resumption of production from any of the small high grade deposits within trucking distance to the mill. The Bingo deposit situated 43 km south of the mill has a previously reported resource base of 239,350 tonnes @ 11.6 gm/tonne (81,380 ounces). Upon completion of the acquisition of the Cameco exploration lands (news release of April 25, 2002) the reported resource will be re-evaluated to current engineering guidelines prior to recommencing exploration. The cutting practices on high-grade assays will be re-examined in the review. High-grade holes within the deposit include Hole #15 with 180.5 g/t over a true width of 1.9 metres and Hole #54 with a 2.0 metre true width of 142.8 g/t Au. The due diligence on the Jolu Mill will comprise a technical inspection of the facility to ensure that the plant is in workable condition and is suitable for the ore likely to be processed. An environmental due diligence study will also be completed to establish the level of environmental risk at the site. This is anticipated to be completed within 30 days. To close on the acquisition, the companies will assume CDG's requirement to continue the care and maintenance of the mill and to assume closure obligations. The companies will also be responsible for all back taxes and tenure fees in addition to all-ongoing fees and taxes. CONTACT: TEL: (604) 669-4799 Ronald K. Netolitzky, Director,FAX: (604) 684-9877 Golden Band Resources Inc.Web site: www.bmts.bc.ca/gbn/MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.(C) 2002 Market News Publishing Inc.-0- KEYWORD: Vancouver, BCNews is provided by Financial Insight Systems, Inc.
CDGEF -- CDG Investments Inc.
Com (No Par)
GOLDEN BAND RESOURCES INC: MASUPARIA GOLD CORP: CDG INVESTMENTS INC - Golden Band Obtains Right To Acquire The Jolu Gold Mill
May 22 2002 11:36AM ET
GOLDEN BAND RESOURCES INC: MASUPARIA GOLD CORP: CDG INVESTMENTS INC - Golden Band Obtains Right To Acquire The Jolu Gold Mill
May 22 2002 11:36AM ET
GOLDEN BAND RESOURCES INC: MASUPARIA GOLD CORP: CDG INVESTMENTS INC - Golden Band Obtains Right To Acquire The Jolu Gold Mill
May 22 2002 11:36AM ET
CDG INVESTMENTS INC.: [formerly GOLDEN RULE RESOURCES LTD. - Name Change
Apr 29 2002 1:33PM ET
GOLDEN BAND RESOURCES INC: CAMECO CORP - Golden Band Announces La Ronge Gold Belt Acquisitions, Saskatchewan
Apr 29 2002 2:09AM ET
GOLDEN RULE RESOURCES LTD: CAMECO CORPORATION: GOLDEN BAND RESOURCES LTD. - Consolidation Of La Ronge Gold Belt Properties
Apr 29 2002 2:09AM ET
GOLDEN RULE RESOURCES LTD: CAMECO CORPORATION: GOLDEN BAND RESOURCES LTD. - Consolidation Of La Ronge Gold Belt Properties
Apr 29 2002 2:09AM ET
GOLDEN RULE RESOURCES LTD: CAMECO CORPORATION: GOLDEN BAND RESOURCES LTD. - Consolidation Of La Ronge Gold Belt Properties
Apr 26 2002 6:16AM ET
GOLDEN BAND RESOURCES INC: CAMECO CORP - Golden Band Announces La Ronge Gold Belt Acquisitions, Saskatchewan
Apr 26 2002 6:15AM ET
GOLDEN BAND RESOURCES INC: TYLER RESOURCES INC: GOLDEN RULE RESOURCES LTD: CAMECO CORP - Golden Band Enters Into Option Agreement With Tyler Resources
Mar 11 2002 10:05AM ET
Previous
News is provided by Financial Insight Systems, Inc.
CDGEF -- CDG Investments Inc.
Com (No Par)
GOLDEN BAND RESOURCES INC: MASUPARIA GOLD CORP: CDG INVESTMENTS INC - Golden Band Obtains Right To Acquire The Jolu Gold Mill
May 22 2002 11:36AM ET
GOLDEN BAND RESOURCES INC: MASUPARIA GOLD CORP: CDG INVESTMENTS INC - Golden Band Obtains Right To Acquire The Jolu Gold Mill
May 22 2002 11:36AM ET
GOLDEN BAND RESOURCES INC: MASUPARIA GOLD CORP: CDG INVESTMENTS INC - Golden Band Obtains Right To Acquire The Jolu Gold Mill
May 22 2002 11:36AM ET
CDG INVESTMENTS INC.: [formerly GOLDEN RULE RESOURCES LTD. - Name Change
Apr 29 2002 1:33PM ET
GOLDEN BAND RESOURCES INC: CAMECO CORP - Golden Band Announces La Ronge Gold Belt Acquisitions, Saskatchewan
Apr 29 2002 2:09AM ET
GOLDEN RULE RESOURCES LTD: CAMECO CORPORATION: GOLDEN BAND RESOURCES LTD. - Consolidation Of La Ronge Gold Belt Properties
Apr 29 2002 2:09AM ET
GOLDEN RULE RESOURCES LTD: CAMECO CORPORATION: GOLDEN BAND RESOURCES LTD. - Consolidation Of La Ronge Gold Belt Properties
Apr 29 2002 2:09AM ET
GOLDEN RULE RESOURCES LTD: CAMECO CORPORATION: GOLDEN BAND RESOURCES LTD. - Consolidation Of La Ronge Gold Belt Properties
Apr 26 2002 6:16AM ET
GOLDEN BAND RESOURCES INC: CAMECO CORP - Golden Band Announces La Ronge Gold Belt Acquisitions, Saskatchewan
Apr 26 2002 6:15AM ET
GOLDEN BAND RESOURCES INC: TYLER RESOURCES INC: GOLDEN RULE RESOURCES LTD: CAMECO CORP - Golden Band Enters Into Option Agreement With Tyler Resources
Mar 11 2002 10:05AM ET
Previous
News is provided by Financial Insight Systems, Inc.
Gold with a MINE in SASH
GOLDEN BAND RESOURCES INC: CAMECO CORP - Golden Band Announces La Ronge Gold Belt Acquisitions, Saskatchewan
Toronto, Ontario, Apr 29, 2002 (Market News Publishing via COMTEX) -- Golden Band Resources Ltd. (the "Company") is pleased to announce that the Company, through letters of agreement with Golden Rule Resources Ltd. and Cameco Corporation, has been successful in consolidating the core land holdings within the La Ronge Gold belt north of the Churchill River in Saskatchewan. The arrangements are subject to regulatory and shareholder approval, completion of certain conditions precedent including satisfactory due diligence and title investigations, and closing within three months. In compliance with National Instrument 43-101, historical resources calculated by various professionals on behalf of the companies involved will be referred to as a mineral inventory, as the methods used may not fully comply with current reporting standards. The grade and tonnages referred to have been compiled from internal Company reports, historical public disclosure through annual reports and news releases, and from published Government of Saskatchewan reports. The mineral inventory numbers and the historical exploration expenditures were compiled by J. Rupert Allan P.Geol., a qualified person. This compilation formed the basis for a decision to obtain the various parties' interests. The resulting property portfolio will encompass in excess of 37,000 hectares, including Golden Band's existing holdings. Historical exploration expenditures by the participants to these agreements exceed $30 million. The resulting database will become the property of the Company and will form the basis for renewed exploration. More importantly the consolidation will bring into the Company drill indicated mineralized zones containing in excess of 800,000 oz. of gold in seven deposits as well as numerous gold occurrences with remaining exploration potential. The deposits as reported in publications of Saskatchewan Energy and Mines and other sources are: Au AuLocation Tonnes (gm/tonne) (oz/ton) Total OuncesKomis and EP *573,300 13.4 0.39 223,590Corner Lake 181,500 13.0 0.38 68,970Niko 164,700 4.8 0.14 23,060Tower East 922,000 6.9 0.20 184,400Weedy B 314,000 4.8 0.14 43,960Golden Heart 587,000 10.3 0.30 206,100Bingo 239,350 11.6 0.34 81,380TOTAL 2,981,850 8.66 0.28 831,450*prior to mining of 26,885 ozGolden Band will acquire these interests outright for the distribution of shares to the participating companies, all of which has been negotiated on an arms length basis relating to historical expenditures and technical results. Golden Band considers that by achieving a consolidation of these diverse interests the Company will have improved the potential to develop an economic gold mining center Successful past producing mines within the district are exemplified by the Jolu Mine with production of 230,751 oz. from reported reserves at start up of 472,220 tonnes grading 14.4 gms/t and the Star Lake Mine with production of 76,947 oz from reported reserves at start up of 182,291 tonnes grading 14.7 gms/t. Although these were small tonnage, the short mine life operations resulted in favourable profits facilitated by the high grade and simple mining and processing methods used to extract the gold. Golden Band's exploration efforts will be multifaceted. Although it is intended that the majority of Golden Band's efforts will continue on its existing holdings over the next 12 months, part of Golden Band's effort will be focused on remodeling and drilling to increase the resources within the immediate vicinity of the known deposits. This will include engineering and scoping studies to ascertain the economics for a central mill concept for the deposits in the Waddy Lake area. In addition, Golden Band will renew exploration for deposits based on targets already identified and continue to pursue the identification of new target types such as Golden Band's 'Memorial occurrence'. The frequency and grade of gold occurrences in the La Ronge belt compares favorably with other greenstone belts of Archean and Proterozoic age. In Golden Band's opinion, the lack of a discovery of a large deposit in the past does not preclude the discovery of a significant deposit in the future. Golden Band considers that with improved gold prices and a modest increase to the existing resource base an economic deposit could be defined. Suitable and efficient road access through the area and an existing power grid contribute to the potential from an exploration and development perspective. The presence of an experienced work force for both exploration and operations further justifies exploration of this belt. Exploration tax credits offered by the Saskatchewan government was also an incentive for Golden Band to focus its activity in this Province and more specifically on the La Ronge belt. As long as the key recipients maintain a minimum 5% equity holding in Golden Band, they have under certain circumstances the opportunity to select a development area and commence a feasibility study. If one of the participants complete a positive feasibility study on a designated project area, Golden Band will receive credit of two times its exploration expenditure in the project area and will have the choice of participating at a 49% equity interest or be carried to completion for a 35% equity interest. The agreements will, subject to all necessary approvals and due diligence, require the distribution of 16,268,224 shares of Golden Band and purchase warrants exercisable for three years entitling the owner to acquire a further 4,066,959 common shares at a price of $0.15 in the first year, $0.20 in the second year and $0.30 in the third year. The recipients will also have the right to participate in all equity financing to maintain their pro-rata equity interests (anti dilution clause) as long as they maintain a minimum of 5% of the issued and outstanding equity capital. The recipients have agreed to Golden Band imposed restrictions on resale of shares in addition to regulatory restrictions on resale of shares. Golden Band currently has 12,647,843 shares issued and on a fully diluted basis has 16,777,843 shares. Upon closing of these agreements, the number of issued shares will increase to 28,916,067 with the further 4,066,959 warrants outstanding, of which collectively Cameco Corporation and its partners will hold 4,699,025 shares and 1,174,756 warrants representing 16.25% of the then issued shares, and Golden Rule Resources Ltd. will hold directly and indirectly 11,569,202 shares and 2,892,202 warrants representing 40.01% of the then issued shares. CONTACT: TEL: 604-669-4799 Ronald K. Netolitzky, Director,FAX: 604-684-9877 Golden Band Resources Inc.Web Site: www.bmts.bc.ca/gbn/MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.(C) 2002 Market News Publishing Inc.-0- KEYWORD: Toronto, OntarioNews is provided by Financial Insight Systems, Inc.
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Chucka YOU asked....LOL hope I helped u |
