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Golden Share Mining Reports Initial Drill Hole Results from Shebandowan Gold Project

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/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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