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
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Golden Share Mining Corporation
Philippe Giaro, President & CEO
Tel: 1-905-968-1153 or Tel: 32-473-52-30-29
E-mail: [email protected] or E-mail: [email protected]
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