Golden Band Resources Inc. reported the milling results received from its 50% joint-venture partner, Masuparia Gold Corporation, regarding the metallurgical performance of the Greywacke North bulk sample. The sample was processed through the Jolu mill as one continuous batch over 29 days during the month of September. As previously reported, approximately 18,000 tonnes, at a calculated head grade of 8 g/t gold, was collected from a surface excavation and transported to the Jolu mill both before and after spring breakup.

A total of 12,164 tonnes were processed with a reported approximately 1,262 tonnes remaining at the mill. The reconciled head grade is reported to be 6.87 g/t gold versus the calculated head grade of 8 g/t gold based on blast hole assays. Recovered gold from the bulk sample is reported to be 2,533.4 troy oz with 2,242.5 troy oz poured as doré leaving 290.9 troy oz in gold inventory in the mill circuits.

This calculates to a 94.3% gold recovery with 81.3 % of the gold reporting to the gravity circuit. 50% of the gold is to the account of Golden Band.