MONTREAL, QUEBEC — (Marketwired) — 04/02/13 — 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 an update on the recent compilation and integration of its fall 2012 mapping and geochemical soil sampling program in the North Shebandowan Contact Zone of its Shebandowan Gold Project („SGP“) located 70 km west of Thunder Bay, in Northwestern Ontario, Canada.
Highlights:
For additional details on the above highlights please see the attached figure „North Shebandowan Contact Zone“ (the figure is also available at: ).
North Shebandowan Contact Zone
The North Shebandowan Contact Zone is an extensive area of mineralization located between the Pistol Lake-Band Ore trend and the main Shebandowan stock and comprises the following mineralized showings and mineralized zones from East to West :
Two holes drilled by Golden Share in 2008, and located 8 km West of Band Ore-s Zone N degrees 4, intersected a favorable rock package comprising sheared volcanics and monzonite containing zones of brecciation and quartz veining up to 12.50 m thick with locally up to 5-7% chalcopyrite, pyrite and pyrrhotite showing anomalous gold values (PL-08-03/04).
Targeted surface work programs will be executed to improve the knowledge of the North Shebandowan Contact Zone and to define the next drilling targets.
About the Shebandowan Gold Project (SGP)
The SGP is located 70 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 10.52 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.
In February 2013, Moss Lake Gold Mines Ltd. announced a material increase in resource estimates at its 100%-owned Moss Lake gold deposit located about 35 km west of the SGP with Indicated Resources of about 40 Mt at 1.1 g Au/t (about 1.4 M oz Au) and additional Inferred Resources of about 50 Mt at 1.1 g Au/t or (about 1.7 M oz Au).
About Golden Share Mining Corporation
Golden Share Mining Corporation is a Canadian-based mining exploration company 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.
Lake Shore Gold Corp., a Canadian emerging gold producer, holds a strategic 27.2% interest in Golden Share which 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.
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Contacts: Golden Share Mining Corporation Philippe Giaro President & CEO 1-514-866-4224 / 32-473-52-30-29 /
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