Golden Share Mining Corporation

Golden Share Mining Corporation

May 11, 2011 09:30 ET

Golden Share Hits a 17 m Quartz Bearing Shear Zone in Malartic Lakeshore Drilling

MONTREAL, QUEBEC--(Marketwire - May 11, 2011) - Golden Share Mining Corporation ("Golden Share") (TSX VENTURE:GSH) hereby provides an additional update on its 2011 work programs. The 1,200 m diamond drilling program on the Malartic Lakeshore property is now completed and Golden Share is pleased to report the following highlights :

  • ML-11-42 – total length 528 m : The hole was a 90m step out from hole ML-09-41 to intersect Zone 66 towards the southeast. A one meter pyrite bearing vein was intersected around 420 m. Zone 66 was reportedly intersected over an 8 m width at the targeted depth from 483.5 to 491.5 m. It displays good shearing with approximately 20% quartz veins up to 30 cm in width and low sulfide content.
  • ML-11-43 – total length 513 m : The hole targeted a flexure in the main RLM corridor, one of the SRK Consulting (Canada) Inc. hypotheses to be verified. A 17 m shear zone with quartz veins in excess of 3 m and showing up to 2-3% pyrite, trace chalcopyrite and trace galena was intersected from 231 to 248 m. Schistosity measurements show a very high angle to core axis.
  • ML-11-44 – total length 192 m : The hole targeted an IP anomaly associated with a mafic-intermediate volcanic contact. The target was reached and pyrite bearing felsic volcanics and sediments were intersected near the bottom of the hole.

The core is currently being split and assayed.

The technical crew is now preparing for the start-up of the summer season on the Shebandowan project. The program will initially focus on the central part of the property, host of the Pistol Lake and Band Ore inferred and historical resources respectively (see news release dated March 28th 2011). The summer program will consist in very thorough surface work in preparation for drilling later in the season.

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.


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.

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