Golden Share Initiates Diamond Drilling at Berens River
Published : August 13, 2013
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TORONTO, ONTARIO--(Marketwired - Aug. 13, 2013) -

Editors Note: There are 3 photos associated with this Press Release

Golden Share Mining Corporation ("Golden Share" or the "Company") (News - Market indicators) is pleased to announce that it has initiated a first pass Diamond drilling campaign on its Berens River project.

This initial campaign will consist in three Diamond drill holes targeting :

  • Vein No.3 near surface,
  • Vein No.3 at depth,
  • Vein No.3 western extension.

The holes will also target Veins No.19 and 10 located directly to the north of Vein No.3. For additional details on the geology of Berens River and location of the drill holes, please see the attached three figures (the figures are also available at: http://www.goldenshare.ca).

About Berens River

The Berens River property is located 200 km north of the city of Red Lake, Ontario, and consists in 21 unpatented mining claims covering 37.6 km². The past producing Berens River Mine was operated by a subsidiary of Newmont Mining from 1939 to 1948 and produced 158,000 ounces of gold and 5.8 million ounces of silver as well as 1.7 million pounds of zinc and 6.1 million pounds of lead. The historical production originates from Vein No.1, which was mined by shaft No.1 sunk to a depth of 990 m although no production has been recorded below the 518 m level. A second shaft was sunk to a depth of 232 m on Vein No.3 but has not yet entered into production.

The Berens River Mine gold-silver mineralized system comprises 10 strongly silicified hydrothermally altered zones (historically called "Veins") developed in steeply dipping, fracture-shear-fault systems with a general strike of 110° and a 75° dip towards the SSW that cross-cut the stratigraphy at a high angle. The zones show thicknesses up to 4.50 m with lateral extents of up to several hundred meters.

Golden Share's initial surface reconnaissance program targeted Veins No.1, 3 and 19 and the highest grades obtained from surface outcrop grab samples were returned by Vein No.19 with gold grades of up to 37.71 g/t Au (1.21 oz/t Au) and silver grades of up to 1,630 g/t Ag (52.4 oz/t Ag). Notably, high grade zinc up to 15.1 % Zn was also obtained from Vein No.3.

About Sandy Lake and Ackewance

The Berens River project is located on the Sandy Lake First Nation ("Sandy Lake") traditional territory. Golden Share has held several meetings with Sandy Lake since acquiring the Berens project and in September 2012, Sandy Lake representatives confirmed the endorsement of a gradual approach that would be implemented in stages according to the phases of development of the project.

In early 2013, Golden Share signed a strategic development agreement with Ackewance Exploration and Services ("Ackewance") of Red Lake whereby Ackewance will assist Golden Share in developing harmonious relationships with local communities and First Nations in the Berens River area and will also provide logistical services for future exploration programs.

Further to the agreement with Ackewance, a Diamond drill was mobilized on the Berens River Mine site this past winter and an agreement was obtained from Sandy Lake to execute a first pass Diamond drilling program on the property.

About Golden Share

Golden Share Mining Corporation is a Canadian-based mining exploration company developing a promising portfolio of properties in the mineral belts of eastern Canada with a development strategy focused on a well-balanced property portfolio in a politically stable environment with a history of rich mineral endowment.

On July 25, 2013 shareholders of the Company approved the merger with Silvore Fox Minerals Corp. ("Silvore Fox"), a Canadian junior explorer listed on the TSX Venture Exchange (see press release dated July 25, 2013).

Golden Share's merger with Silvore Fox seeks to leverage the input of Sinotech Minerals Exploration Co. Ltd. ("Sinotech"), a leading Chinese mineral exploration and development company. Sinotech is a 50.03% shareholder of Beijing Donia Resources Co. Ltd., which by virtue of the merger transaction, has become Golden Share's largest shareholder with approximately 21.9% of its issued and outstanding shares.

Sinotech recognizes the value of Golden Share's well balanced portfolio of gold properties located in Quebec and Ontario and sees the merged entity as an ideal platform to further develop its activities in exploration and development of precious metals in North America, and notably in Eastern Canada, a politically stable environment with a history of gold endowment.

About Sinotech

Sinotech's new structure was established in 2004 with the clear objective to become a leading emerging metal producer. Its headquarters are located in Beijing and Sinotech currently owns more than one hundred minerals projects all over the world with direct involvement in the development of over twenty subsidiary companies. Sinotech has established partnerships with all major Chinese gold producers. It currently operates four mines in China for a variety of metals including gold, silver, copper, lead, zinc, molybdenum and iron generating a revenue over Yuan 500 M ($US 81 M) per year. In addition, two other mines are currently under construction. On the exploration front Sinotech has invested over Yuan 800 M ($US 130 M) in mainland China over the past three years. Overseas, Sinotech has been actively pursuing exploration and mining opportunities with strategic direct and indirect investments in five TSXV and two ASX listed, well-funded, junior explorers developing projects for gold, base metals and nickel in Africa and North America. For further details please see the recent Sinotech corporate presentation on : http://www.goldenshare.ca.

Golden Share's exploration programs are executed under the supervision of Mrs. Laurence Huss, M.Sc., P. Geo., a « Qualified Person » as defined in National Instrument 43-101, and Vice-president Exploration of Golden Share. Philippe Giaro, P.Geo., President and CEO of Golden Share and Qualified Person for Golden Share, has reviewed and approved the content of this release.

FOR MORE INFORMATION, CONSULT: http://www.goldenshare.ca

OR OUR FACEBOOK PAGE AT: http://www.facebook.com/#!/profile.php?id=100001472712018&v=wall

To view the photos associated with this press release, please visit the following links:

http://media3.marketwire.com/docs/GSM_Figure1.pdf
http://media3.marketwire.com/docs/GSM_Figure2.pdf
http://media3.marketwire.com/docs/GSM_Figure3.pdf

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Golden Share Mining Corporation
Philippe Giaro, President & CEO
1-905-968-1153 or 32-473-52-30-29
phgiaro@skynet.be or info@goldenshare.ca
Data and Statistics for these countries : Canada | China | All
Gold and Silver Prices for these countries : Canada | China | All

Golden Share Mining Corp.

EXPLORATION STAGE
CODE : GSH.V
ISIN : CA38118X1069
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Golden Share Mining is a gold exploration company based in Canada.

Golden Share Mining holds various exploration projects in Canada.

Its main exploration properties are MALARTIC LAKESHORE, FORSAN, LAC FORTUNE and PISTOL LAKE PROPERTY in Canada.

Golden Share Mining is listed in Canada. Its market capitalisation is CA$ 1.8 millions as of today (US$ 1.3 millions, € 1.2 millions).

Its stock quote reached its highest recent level on April 01, 2011 at CA$ 1.30, and its lowest recent point on March 19, 2020 at CA$ 0.03.

Golden Share Mining has 35 440 000 shares outstanding.

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Annual reports of Golden Share Mining Corp.
2007 Annual report
Financings of Golden Share Mining Corp.
10/19/2012Amends Terms of Warrants
4/27/2011Closes $200,200 Flow-Through Financing
Project news of Golden Share Mining Corp.
8/13/2013(Berens River)Initiates Diamond Drilling at Berens River
3/13/2013(Berens River)Receives Ontario Exploration Permits for Berens River and Sh...
11/28/2011Lake Shore Gold Completes Sale of Land to Golden Share Minin...
7/13/2011Provides an Update on its Shebandowan Gold Project Summer Wo...
6/28/2011Shareholders Approve Band Ore Gold Property Purchase from
5/25/2011(Berens River)Golden Share Compilation Shows 10.16 g/t Au Over 10.50 m Ope...
5/12/2011(Malartic Lakeshore)Hits a 17 m Quartz Bearing Shear Zone in Malartic Lakeshore ...
4/14/2011(Malartic Lakeshore)Plans Drilling on Malartic Lakeshore for Third Week of April
4/6/2011(Elwood)IP Survey Defines Drill Targets on Elwood in Shebandowan Bel...
7/27/2010(Forsan)Drilling Campaign Underway
5/4/2010(Pistol Lake Property)Provides a First NI 43-101 Compliant Resource Estimate on Pi...
1/20/2010(Malartic Lakeshore)Intersects 88 m of Altered Felsic Intrusives With Grades Up ...
1/12/2010(Pistol Lake Property)Intersects Major Deformation Zone in Fall 2009 Drill Campaig...
11/25/2009(Forsan)Provides its First 43-101 Resource Estimate on Forsan
11/5/2009(Malartic Lakeshore)Starts Drilling on Malartic Lakeshore
9/23/2009(Malartic Lakeshore)IP Survey Defines Drill Targets at Depth on Malartic
9/15/2009(Lac Fortune)Update on Lac Fortune West, Richmont to Restart Production
5/27/2009(Pistol Lake Property)Historical Data Outlines Gold Mineralization Over 1 Km2
5/13/2009(Forsan)DRILLS UP TO 56.86 G/T AU OVER 4.00 M ON FORSAN PROPERTY
5/13/2009(Forsan)Drills Up to 56.86 g/t Au Over 4.00 m on Forsan Property
2/4/2009(Malartic Lakeshore)Intersects Additional High Grades of Up to 15=2E27 g/t Au in...
12/18/2008(Pistol Lake Property) Intersects Contact Zone in Pistol Lake Drilling Program
6/5/2008(Elwood)GOLDEN SHARE IDENTIFIES 14 IP ANOMALIES WITH SURFACE GRADES ...
Corporate news of Golden Share Mining Corp.
4/26/2016Golden Share Increases Interest to 75% On Berens River Mine ...
12/22/2015Golden Share Provides Additional information regarding sale ...
11/24/2015Golden Share Announces the Service Agreement with Canada Chr...
11/23/2015Golden Share Announces Selling of Quebec Properties and Issu...
10/16/2015Golden Share Announces TSX Accepted $120,000 Hard Cash Priva...
10/6/2015Golden Share Announces Closing of $120,000 Hard Cash Private...
9/30/2015Golden Share Announces Private Placement
8/12/2015Golden Share Announces TSX Venture Exchange Approval for Sha...
8/7/2015Golden Share Announces 2015 Shareholders' Meeting Results
7/31/2015Golden Share Announces a Share Consolidation
6/17/2015Golden Share Terminated Option Agreement and Announces Annua...
2/17/2015Golden Share Amends Terms of Option Agreement
1/14/2015Golden Share President and CEO Resigns, Board Appoints Dr. Z...
10/14/2014Golden Share Refines Alteration Envelopes for Gold Mineraliz...
10/9/2014Golden Share Issues Second Royalty Payment for Pistol Lake, ...
8/20/2014Golden Share Samples Up To 38.5 G/T Gold And 497.0 G/T Silve...
7/23/2014Golden Share Staking Joins Berens North and South Blocks
7/10/2014Golden Share Combines Geoscientific Approach and Field Prosp...
5/27/2014Monster Lake Drilling cuts 10.47 M Grading 11.55 G/T Gold Ad...
5/21/2014Golden Share Announces the Closing of $400,000 Hard Cash Pri...
5/12/2014Golden Share Acquires the Canadian Assets of Greatore Inc.
4/10/2014Golden Share Acquires Monster Island Directly Adjacent to Ia...
8/27/2013Provides a General Update on High Grade Zinc Pick Lake Proje...
7/30/2013Beijing Donia Resources Co., Ltd. Announces the Acquisition ...
7/25/2013Obtains Shareholder Approval for Merger With Silvore Fox at ...
7/25/2013Obtains Shareholder Approval for Merger With Silvore Fox at ...
7/10/2013Files Documentation for Merger and Mails July 25, 2013 Speci...
5/30/2013Signs Merger Agreement With Silvore Fox With Support of Chin...
4/2/2013Provides Update on North Shebandowan Contact Zone
2/20/2013Provides an Update and Outlook for 2013
2/8/2013Amends Terms of Favourable Lake Gold Option Agreement
2/4/2013Amends Terms of Conacher Option Agreement
1/3/2013Amends Terms of Option Agreement
11/7/2012(Lac Fortune)Sells Lac Fortune West Project to Vantex Resources
11/1/2012VSA Capital Initiates Coverage on Golden Share
10/25/2012Samples up to 2.24 g/t Au in New Shear on Larose
9/19/2012Grants Stock Options
9/13/2012Samples Up to 26.40 g/t Au in Shebandowan Summer Program
6/14/2011Signs Definitive Purchase Agreement With Lake Shore Gold Cor...
5/18/2011Stakes an Additional 7 km West Along Pistol Lake-Band Ore Tr...
4/1/2011(Band Ore)Lake Shore Gold to Acquire 19.99% of Golden Share Through Sa...
3/8/2011Acquires Conacher Property East of Pistol Lake in Shebandowa...
2/11/2011Announces the Departure of a Director
5/25/2010Provides an Update on Its Spring 2010 Exploration Program
4/1/2010Acquires Property Near Eagle Hi =?ISO-8859-1?Q?ll=27s=20Find...
2/4/2010Acquires Lutetium Ree Property in Central Quebec, Canada
10/22/2009Recovers 25=2E50 g/t Au on Surface and Completes Pistol Lake...
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