Golden Share Reports Trench Results up to 23.90 g/t Au and Multiple Parallel Zones on Band Ore
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 10/04/11 -- Editors Note: There is a map associated with this press release.
Golden Share Mining Corporation ("Golden Share" or the "Company") (TSX VENTURE: GSH) is pleased to provide trench results from the Band Ore Main Zone recent stripping program.
Highlights:
For additional details on the trenching program, see attached figure "Band Ore 2011 Trenching and Compilation" or visit : .
Trench mapping and sampling
All trenches underwent detailed geological mapping and sampling and key observations include :
A total of 365 linear meters of channel samples were collected in 8 trenches. Meaningful grades above 1.00 g/t Au are reported in the table below. Some of the channels were only 1 m in length as indicated in the last column of the table.
About the Shebandowan Gold Project (SGP)
The SGP is located 90 km west of Thunder Bay, north-western Ontario, in the Rainy River - Atikokan - Shebandowan emerging gold province where Osisko Mining Corporation is currently developing the 6.7 M oz Au Hammond Reef gold deposit 100 km to the West of the Company's project. The SGP is serviced by a railroad line, a high tension power line and the Trans-Canada highway all providing excellent infrastructure to the project.
Following completion of the recent transaction with Lake Shore Gold Corp. for the acquisition of the Band Ore property, Golden Share controls 25 km of strike length along the northern part of the Shebandowan belt highlighted by two advanced gold targets :
The Pistol Lake - Band Ore trend ("PLBO") represents a 10 km segment of the belt on which Golden Share is executing advanced work with a view to increase the current known resources.
About Golden Share Mining Corporation
Golden Share Mining Corporation is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits in Canada. Golden Share is developing a promising portfolio of properties in the greenstone belts of eastern Canada, namely in the Val d'Or-Malartic, Red Lake and Shebandowan areas. The Company is led by a technically focused management team strengthened by an experienced board of directors and a proven advisory board including successful geologists Roy Corrans and Sethu Raman as well as seasoned financier Anthony Frizelle. Golden Share's development strategy involves advancing a well balanced portfolio of gold properties in a politically stable environment with a history of gold endowment through systematic exploration, resource definition and acquisitions. Highlights of the current portfolio include:
(i) 2,857,200 MT (at) 1.64 g/t Au at 1.00 g/t Au cut off
(ii)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.
(iii) 536,500 MT (at) 2.03 g/t Au at 1.00 g/t Au cut off
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 OR OUR FACEBOOK PAGE AT http://www.facebook.com/people/Golden-Share/100001472712018.
To view the map associated with this press release, please visit the following link:
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.
Contacts:
Golden Share Mining Corporation
Philippe Giaro
President & CEO
514-866-4224 / 32-473-52-30-29
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Datum: 04.10.2011 - 13:30 Uhr
Sprache: Deutsch
News-ID 72436
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contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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