Toronto, ON / ACCESSWIRE / July 10, 2014 / Golden Share Mining Corporation ("Golden Share" or the "Company" - TSXV:GSH) is pleased to provide an update on its recent Berens River work program.
As reported in March 2014, an ArcGIS property-wide compilation highlighted historical DDH NZ 88-19 with a mineralized intercept of 6.93 g/t Au and 46.07 g/t Ag over 7.50 m located 1.5 and 1.9 km south of Veins N?1 and N?3 respectively and representing an additional, distinct, system with very high grade individual intercepts up to 52.80 g/t Au and 476.26 g/t Ag over 0.50 m. These results confirmed the potential of the Berens River property outside of the Veins N?1 and N?3 areas which have been the object of most of the historical work to date.
As a follow-up to its winter compilation work and in preparation for the recent field campaign, Golden Share initiated a whole rock sampling program to use lithogeochemistry as a complementary tool to further evaluate the potential of the entire Berens River property, notably outside of the Veins N?1 and N?3 areas. Lithogeochemical tools developed in the past five decades are currently being applied to precious and base metal exploration and successfully help in defining new sectors of hydrothermal alteration associated with mineralization.
The Company's compilation and interpretation have identified an alteration envelope associated with Vein N?3 as demonstrated by the historical lithogeochemical sampling in historical DDH ZA-81-36. The most significant geochemical signatures are highlighted by the Sericite and Spitz Indexes which respectively measure the enrichment in potassium and the loss of sodium caused by hydrothermal alteration associated with gold polymetallic mineralization of quartz-actinolite-sulphides veins and veinlets. Moreover, some samples enriched in manganese located within the mineralized corridor could correspond on the presence of garnet in chlorite-actinolite-garnet-magnetite alteration zones.
A total of 53 samples were collected for lithogeochemistry during the recent field campaign and the results will help in the modelization of additional precious metal targets on the property. From that total, 17 samples were taken from Golden Share's 2013 diamond drill core in order to provide fresh data for the validation of the lithogeochemical sampling in historical DDH ZA-81-36.
The recent Berens River field program also included mapping and prospecting notably in the south part of the northern claim block in the area of DDH NZ-88-19 and on the southern claim block.
In the northern claim block, a total of 15 prospecting grab samples were collected and include sphalerite and galena bearing Berens style mineralized veins as well as finely recrystallized sediments with disseminated pyrite. Additionally, the casing of historical hole DDH NZ-88-19 was located in the field.
In the southern claim block, a total of 55 prospecting grab samples were collected and include pyrite and chalcopyrite bearing mineralized quartz veins hosted in basalts and diorite, locally at the amphibolite facies. Pyrrhotite bearing semi-massive sulfides bands and locally semi-massive arsenopyrite pods have also been sampled in the various rocks units. Additionally, sulfide bearing quartz veins associated with a felsic intrusive stock have also been sampled in the eastern part of the block.
Please see the attached figures or visit http://www.goldenshare.ca. Further geological details will be provided as assays become available.
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.
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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.
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Figure. 1 - Berens northern claim block - general view
Figure. 2 - Berens northern claim block - detailed view
Figure. 3 - Berens southern claim block - general view
Figure. 4 - Berens southern claim block - detailed view
SOURCE: Golden Share Mining Corporation