Golden Share Acquires New Claim Block With Coincident VLF and Gold In Humus Anomaly North of Band Ore at Shebandowan
March 27 2014 - 9:30AM
Access Wire
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
E-mail: phgiaro@skynet.be or E-mail: info@goldenshare.ca
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.
Click Image To View Full
Size
Figure. 1 - March 2014 Shebandowan new
claims
SOURCE: Golden Share Mining
Corporation
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