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Press Release –
Toronto, July 23, 2014 — Golden Share Mining Corporation (“Golden Share” or the “Company” – TSXV:GSH) is pleased to announce the staking of additional claims on its Berens River project (“Berens River”) in Northwestern Ontario, Canada. The recently staked area consists of 9 claim blocks covering approximately 19 km2 . Please see figure.1 below or visit :http://www.goldenshare.ca.
The new claims join the northern and southern claim blocks of the Berens River property and establish a unified and continuous land package for a total surface area of 56 km2 covering the extension of the geological formations host of the past producing Berens River gold-silver mine. The new claims are underlain by similar rocks types which include mafic to felsic metavolcanic rocks, lesser quantities of clastic and chemical metasediments, and a variety of subvolcanic intrusions, notably the Setting Net Lake stock, an epizonal granodiorite-granite pluton.
This new land position provides Golden Share with an improved strategic package to cover a highly prospective area. The recent field work program at Berens River has highlighted a broad spectrum of mineralization types including :
Berens Vein N°1 and 3 type : Au-Ag-Pb-Zn bearing quartz-actinolite-sulphides veins and veinlets hosted within felsic volcanic rocks with two types of associated alteration; quartz-sericite alteration and chlorite-actinolite-garnet-magnetite alteration.
Felsic intrusion vein related type : Quartz-sulphide veinlets and disseminated sulphides containing gold and base metals within felsic to intermediate intrusions.
Porphyry type : Porphyry type molybdenite mineralization within the Setting Net Lake stock.
Specifically on the Berens Southern block :
All these occurrences are part of a broad metallogenic system also underlying the newly staked claims where pyrite and pyrrhotite, with lesser chalcopyrite, sphalerite, and rarely molybdenite, occur in thin sedimentary horizons at various locations while pyrite-pyrrhotite mineralization also occurs in mafic volcanic rocks with historical sampling reporting values up to 43 ppb gold, 1.6 ppm silver, 981 ppm copper, and 393 ppm zinc.
Golden Share is in the process of assessing the results from its recent field program and will provide further technical updates 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 30.88% 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 rich 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
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.
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