Golden Share Mining, a Canadian-based mineral exploration company with properties in Quebec and Ontario, has announced the results of hole BO-11-09 located in Zone No4 of the Northwestern Ontario project titled Shebandowan Gold Project.
Zone No4 is located at the eastern boundary of the Shebandowan project and was discovered in 1981 by Mattagami Lake Explorations following careful testing of IP anomalies recorded on the property.It contains altered and sheared felsic and transitional pyroclastics. Resources were estimated at 616,000 t at 7.71 g/t silver and 4.83 g/t gold.
Golden Share drilled hole BO-11-09 to a depth of 443 m. The mineralized intervals that were obtained were 1.38 g/t gold over 1 m from 266 m to 267 m, 1.98 g/t gold over 1 m from 98 to 99 mand 0.89 g/t gold over 18m from 66 to 84 m. The core of the mineralized zone, at 18 meters, hosted ash tuff consisting of 20 percent centimeter-sized quartz veins with 2% pyrite and 5% tourmaline.
The emerging model for Golden Share’s Band Ore area suggests stacking of sub-parallel areas. Results on the Band Ore Main South Zone, located northwest of Zone No4 indicated over 2.70 m of 17.85 g/t gold from 33 to 35.7 m, over 5.5m of 2.80 g/t gold from 62.5 to 68 m and over 1.7 m of 1.39 g/t gold from 73m to 74.7m.
The samples obtained were sent to the ALS laboratory located in Thunder Bay, Ontario for analysis using fire assay.