Golden Share Mining, an exploration company in Canada, has announced the initial results from the drilling program conducted during the fall of 2011 at the Band Ore main zone target, which is situated in the Shebandowan gold project (SGP) in Canada.
In the five hole drill program, the company has drilled the first hole BO-11-01 at the Band Ore main zone target. The hole was drilled to 188 m depth for validating the Main South Zone (MSZ) expansion, which was previously outlined during trenching and compilation program at the company’s main zone.
The company intersected 47.70 g/t gold over 1.00 m, 17.85 g/t gold over 2.70 m, 35.90 g/t gold over 0.30 m, 2.80 g/t gold over 5.50 m and 1.39 g/t gold over 1.70 m.
The MSZ mineralization exists in the felsic intrusive body of the main zone. Creamy colored, moderately sheared, strongly sericitized, silicified and carbonatized intrusive that hosts up to 5% dispersed pyrite together with local pyrite-containing quartz veins are present in the mineralization.
The location of MSZ mineralization is around 100 m towards the southern part and is analogous to the Band Ore main zone. Previous operators have sporadically tested this mineralization. The Band Ore main zone has 155,600 oz gold as former near-surface resources.
The company has obtained the fall 2011 ground geophysics results. Currently, these results are being analyzed using the new geological data, received from new drill program of Golden Share, to refine future drill targeting and geological modeling. Further drilling results will be reported shortly.
Source: http://www.goldenshare.ca/