Golden Share Completes Acquisition Of 100% Ownership In Berens River Favourable Lake Claims
April 16 2014 - 9:44AM
Access Wire
Toronto, April 16, 2014
/ ACCESSWIRE / Golden Share Mining Corporation ("Golden
Share" or the "Company" - TSXV:GSH) is pleased to announce that it
has now acquired a 100% interest in the 20 claims surrounding the
Berens River mine.
The Berens River project
results in the consolidation of two distinct claim blocks acquired
under different terms (Please see
figure.1 below or visit : http://www.goldenshare.ca).
In October 2010, Golden Share first acquired the
past-producing Berens River mine ("Berens River") through a one to
one share exchange with Nanoose Gold Limited, a private Canadian
Company. In December 2011, Golden Share then secured the land
package surrounding the past-producing Berens River mine ("Berens
Extension") by entering into an option agreement with Favourable
Lake Gold, a private Canadian company, to acquire a 100% interest
in 20 unpatented claims.
Golden Share has now proceeded with
the last remaining payments for Berens Extension and the claim
transfer procedure has been initiated with Favourable Lake
Gold.
As reported in the
Company's March 12, 2014 press release, a property-wide
compilation has been initiated following Golden Share's 2013
diamond drilling on Vein N?3 and highlighted DDH NZ 88-19 with an
intercept of 6.93 g/t Au and
46.07 g/t Ag over 7.50 m.
DDH NZ 88-19 is located on
Berens Extension, now under 100% Golden Share
ownership (Please see
figure.1 below).
As previously reported,
this diamond drill hole is very important for several
reasons :
-It is located 1.5 km South of
Vein N?1 and 1.9 km South of Vein N?3,
-It represents an additional,
distinct, system from Veins N?1 and N?3,
-It is located on strike with
a 700 m long east-west trending VLF anomaly,
-It is isolated and shows the
mineralization to be open in all directions,
-This new area has seen
virtually no previous drilling,
Golden Share is now planning
its summer campaign on the Berens River project and further updates
will be provided in due course.
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.
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.
Figure. 1 - Berens River (red outline) and
Berens Extension (black outline) land positions
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