Golden Share Acquires New Claim Block With Coincident VLF and Gold In Humus Anomaly North of Band Ore at Shebandowanadmin
Toronto, ON / ACCESSWIRE / March 27, 2014 / Golden Share Mining Corporation (“Golden Share” or the “Company” – TSXV:GSH) is pleased to announce the staking of additional claims on its Shebandowan project in Northwestern Ontario, Canada. The recently staked area consists of 2 claim blocks comprising 8 claim units covering 128 hectares and increases the total size of the project to 79.41 km? (or 7,941 hectares). Please see figure 1 below or visit : http://www.goldenshare.ca.
The new claims cover a possible northern extension of the Band Ore Main gold deposit which hosts shallow historical resources of 155,600 ounces of gold (705,790 tonnes at 6.86 g/t Au*). These claims are also strategic relative to our November 2013 compilation highlight on the Hag Lake occurrence with reported historical drilling results of 11.69 g/t Au over 7.07 m from 102.72 to 109.79 m. At Hag Lake, mineralization is associated with a porphyry dyke, a setting similar to that of the Band Ore Main Zone located 2.5 km to the east.
On the newly acquired block, claim 4245777 shows a strong VLF-EM anomaly coincident with a positive gold in humus geochemical anomaly of 788 ppb Au (0.78 g/t Au). Golden Share’s ArcGIS project data base will be updated with proper compilation of all historical works to improve target definition in the strategic Band Ore – Hag Lake area.
About Golden Share
Golden Share Mining Corporation is a Canadian-based mining exploration company developing a promising and well-balanced property portfolio in the mineral belts of Eastern Canada, a politically stable environment with a history of rich mineral endowment.
On July 25, 2013 shareholders of the Company approved the merger with Silvore Fox Minerals Corp., a Canadian junior explorer listed on the TSX Venture Exchange (see press release dated July 25, 2013). Following this transaction Beijing Donia Resources Co. Ltd., a Chinese state-controlled company, has become Golden Share’s largest shareholder with approximately 24.37% of its issued and outstanding shares. Sinotech Minerals Exploration Co. Ltd., a leading Chinese mineral exploration and development company, is a 50.03% shareholder of Beijing Donia Resources Co. Ltd (For further details please see the recent Sinotech corporate presentation on: http://www.goldenshare.ca).
This new Chinese partner recognizes the value of Golden Share’s well balanced portfolio of properties and sees the merged entity as an ideal platform to further develop its activities in mining exploration and development in North America, and notably in Eastern Canada, a politically stable environment with a history of mineral endowment.
Golden Share’s exploration programs are executed under the supervision of Mrs. Laurence Huss, M.Sc., P. Geo., a << Qualified Person >> as defined in National Instrument 43-101, and Vice-president Exploration of Golden Share. Philippe Giaro, P.Geo., President and CEO of Golden Share and Qualified Person for Golden Share, has reviewed and approved the content of this release.
* These estimates were executed prior to the introduction of National Instrument 43-101; hence they should be treated as historical data and therefore not be relied upon.
FOR MORE INFORMATION, CONSULT: http://www.goldenshare.ca
OR OUR FACEBOOK PAGE AT: https://www.facebook.com/golden.share.9
Golden Share Mining Corporation
Philippe Giaro, President & CEO
Tel: 1-905-968-1153 or Tel: 32-473-52-30-29
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Figure. 1 – March 2014 Shebandowan new claims
SOURCE: Golden Share Mining Corporation
Posted: March 27th, 2014 under ACCESSWIRE.