🕐25.03.09 - 14:51 Uhr
2009 Drilling Campaigns Initiated on Malartic Lakeshore and Forsan Properties
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Golden Share Mining Corporation
TSX VENTURE:
GSH
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Recent News
March 25, 2009
2009 Drilling Campaigns Initiated on Malartic Lakeshore and Forsan
Properties
MONTREAL, QUEBEC--(Marketwire - March 25, 2009) - Golden Share Mining
Corporation (TSX VENTURE:GSH) is pleased to provide an update on its
on-going work programs on the Malartic Lakeshore and Forsan properties
located in northwestern Quebec, Canada.
Malartic Lakeshore property
The 2008 diamond drilling program completed on the Malartic Lakeshore
property outlined the high grade, vein-type mineralization with intercepts
such as 123.50 g/t Au over 0.50 m included in 39.84 g/t Au over 1.60 m from
24.30 to 25.90 m intersected in hole ML-08-28.
The follow-up compilation has outlined several mineralized veins and nine
preliminary longitudinal sections were established.
This approach has
resulted in an improved understanding of the RLM prospect notably with
respect to rakes within the mineralized quartz veins as well as with the
general behavior of the mineralized zones with respected to the host
lithologies.
A 1,000 m diamond drilling program is being initiated
immediately with the following three objectives :
- Execute a diamond drill fence approximately 75 m east of the RLM prospect
modeled by the recent compilation.
- Improve the understanding of Zone 61 notably by drilling the extensions of
the mineralized vein intersected in hole ML-08-23 which returned 15.27 g/t
Au over 1.20 m included in 2.59 g/t Au over 8.40 m from 75.60 to 84.00 m,
thereby opening Zone 61 towards the northwest.
- Test the down plunge rake of the mineralization in Zone 51.
Forsan property
The 2008 diamond drilling program completed on the Forsan property focused
mostly on peripheral targets to the Forsan Mineralized Zone ("FMZ") which
contains an historical resource of 40,000 ounces of gold (282,605 metric
tonnes at a grade of 4.42 g/t Au)(i).
Two holes targeting the eastern extension of the FMZ outlined a newly
defined zone (the Forsan Eastern Zone or "FEZ") located 500 m
east-south-east of the FMZ.
The FEZ shows highly altered and fractured rocks
hosting a high density of tourmaline bearing quartz veins in association
with a porphyric intrusive.
Mineralization was encountered systematically
along the two holes with typical intervals above 1.00 g/t Au including :
Hole GSH-08-07
- 5.44 g/t Au over 0.55 m included in 3.20 g/t Au over 2.00 m from 32.00 m
to 34.00 m,
- 10.75 g/t Au over 0.40 m from 94.50 m to 94.90 m
- 1.04 g/t Au over 0.60 m from 134.75 m to 135.35 m
Hole GSH-08-06
- 2.24 g/t Au over 0.30 m from 135.70 m to 136.00 m
- 2.27 g/t Au over 0.55 m from 167.70 m to 168.25 m
- 3.30 g/t Au over 0.50 m included in 1.87 g/t Au over 1.35 m from 180.15 m
to 181.50 m
A 600 m diamond drilling program is being initiated immediately with the
following two objectives :
- Execute a series of short vertical holes in the FEZ to better define vein
geometry and grade distribution.
- Drill two confirmation holes within the higher grade core of the FMZ as
part of the on-going scoping study.
The Malartic Lakeshore diamond drilling program is executed under the
supervision of Mr.
Alain Carrier, M.Sc., P.
Geo.
of InnovExplo.
Alain
Carrier is a "Qualified Person" and is independent as defined in National
Instrument 43-101.
The Forsan diamond drilling program is supervised by Mrs
Laurence Huss, M.Sc., P.
Geo.
and "Qualified Person" as defined in National
Instrument 43-101.
Golden Shares exploration programs are under the
supervision of Mrs.
Laurence Huss, P.
Geo., and Vice-President Exploration.
Philippe Giaro, P.
Geo., President and CEO of Golden Share Mining
Corporation and Qualified Person for Golden Share, has reviewed and approved
the content of this release.
Golden Share has currently two drill programs underway and is actively
developing high-profile properties in the Abitibi and Shebandowan greenstone
belts of Eastern Canada.
(i) 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.
About Golden Share Mining Corporation
Golden Share Mining Corporation (TSX VENTURE:GSH) is a Canadian-based mining
exploration company whose primary mission is to target, explore and develop
gold deposits in Canada.
The Companys projects straddle three greenstone
belts of Eastern Canada, are accessible by road and are all located close to
the established mining centers of Val dOr and Rouyn-Noranda in Quebec and
Shebandowan, west of Thunder Bay, in Ontario.
Shares of Golden Share are
listed for trading on the TSX Venture Exchange as under the symbol "GSH".
The Company has 34.3 million common shares issued and outstanding and with a
current cash position of $1.0 million, Golden Share is fully funded and able
to accomplish all of its major exploration programs for 2009.
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
CONTACT INFORMATION:
Golden Share Mining Corporation
Philippe Giaro
President & CEO
32-473-52-30-29
www.goldenshare.ca
or
Golden Share Mining Corporation
Denis Tremblay
Vice-President
514-866-4224
INDUSTRY: Manufacturing and Production - Mining and Metals
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