While, in management's opinion, this strategy has not yet been reflected in the Company's valuation, Golden Share would like to thank all its supporters and confirm that the Company's management will continue to work relentlessly for the benefit of its shareholders in the light of the profound challenges faced by the exploration segment of our industry.
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%(i) 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. Highlights of the current portfolio include:
-- NI 43-101 and historical resources on Shebandowan Gold Play (150,699 oz Au Inferred(ii) and 251,271 oz Au historical(iii)),-- Past producing high grade Au-Ag Berens River Mine to be redeveloped,-- NI 43-101 compliant resources on Forsan (35,000 oz Au Inferred Resources(iv)),-- New discoveries in the Cadillac break environment.(i) Lake Shore Gold Corp. acquired direct ownership of a total of 21.69 million common shares of Golden Share representing 19.9 per cent of the outstanding shares, as well as warrants to acquire an additional 10,845,000 common shares of Golden Share (representing 9 per cent of the outstanding shares on a partially diluted basis) at an exercise price of 20 cents per common share(ii) 2,857,200 MT @ 1.64 g/t Au at 1.00 g/t Au cut off(iii) 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.(iv) 536,500 MT @ 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.
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Golden Share Mining Corporation
President & CEO
1-514-866-4224 or Tel: 32-473-52-30-29
[email protected] or [email protected]