UPDATE: Golden Band Resources, Masuparia Gold Corp Update on Greywacke Bulk Sample; MAS Edges Up

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Golden Band Resources Inc. (GBN.V), which is trading near year lows, reported on progress made in development of the Greywacke deposit, part of the La Ronge South Gold Joint Venture between Masuparia Gold Corporation (MAS.V) and Golden Band with Masuparia acting as the operator during the exploration phase. MAS is up 1 cent at 16 cents.

On December 20, 2012, the joint venture received the necessary approvals to collect a bulk sample from the Greywacke North deposit. The objective of the bulk sample program is to gain an understanding of how the Greywacke ore will process as it is fed through the nearby Jolu mill, which is owned and operated by Golden Band and located 50 kilometres north of the deposit.

In preparation for taking this bulk sample, the access road to site was improved, a detailed fall program of channel sampling, verification of historic core and drill hole locations and sampling of existing core and preservation of historical drill core was completed. Under the direction of Golden Band, Taiga Consultants Ltd. collected mineralized core specimens and delivered them to Michael Yakimchuk, metallurgist for Golden Band. He submitted to the Saskatchewan Research Council ( SRC ) for advanced metallurgical testing by prior to the bulk sample program. In addition to assaying, the material was subject to inductively coupled plasma (ICP) total digestion analysis.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: SRC

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