Golden Share Mining declared that it has commenced a follow-up diamond drill program at the Band Ore Main target. This target lies in the Shebandowan gold project (SGP) in Canada.
The company will drill 1,100 m, totaling seven holes, during this phase II diamond drilling. This program is specifically designed to upgrade the future model for the Band Ore region.
Golden Share is developing this model with the help of the data obtained from the 2011 work program at SGP, including the data received through the previous data compilation, structural analysis, geological mapping, high resolution chargeability and resistivity surveys, and new drill program results of the Band Ore main south zone. This south zone is situated around 100 m to the Band Ore main zone’s southern part.
The company has encountered 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. Golden Share is expecting to complete the phase II drill program by mid-April of 2012. The results from the phase I program conducted at the Band Ore Main target are pending.
The location of the project is 90 km towards the western part of Thunder Bay in Northwest Ontario. Currently, Osisko Mining is developing the Hammond Reef gold deposit.
Source: http://www.goldenshare.ca/