Golden Share Mining Corporation

Golden Share Mining Corporation

April 13, 2011 09:30 ET

Golden Share Plans Drilling on Malartic Lakeshore for Third Week of April

MONTREAL, QUEBEC--(Marketwire - April 13, 2011) -Golden Share Mining Corporation (TSX VENTURE:GSH) is pleased to provide an additional update on its 2011 work programs.

The planned diamond drilling program on the Malartic Lakeshore property is due to start on Monday April 25th 2011 and will investigate several targets in the immediate extension of the RLM showing located on the Norbanite-Marbanite shear zone. The drilling will focus on :

  • An IP anomaly associated with a mafic-intermediate volcanic contact identified during the latest detailed IP survey and which has not been investigated yet.
  • The depth extension of Zone 66 previously intersected to a vertical depth of 400 m.
  • The testing of several hypotheses as reported by SRK Consulting Canada in their recent structural study executed at the end of 2010.

The Malartic Lakeshore property straddles a 5 km segment of the Norbenite-Marbanite shear zone; a prolific splay of the world renowned Cadillac-Larder Lake fault. Golden Share has so far focussed on the RLM prospect, a 50 m wide by 400 m long network of over 25 gold bearing veins yielding up to 90.88 g/t Au over 1.32 m in surface channel sampling and up to 39.84 g/t Au over 1.60 m at a 20 m vertical depth in shallow drilling. At a 400 m vertical depth similar mineralization was intersected in Zone 66 over a down hole length of 18 m and comprise 75 % quartz veins containing up to 7% pyrite, chalcopyrite and galena with strongly anomalous gold values and notably 2.88 g/t Au over 0.80 m in the hanging wall of Zone 66. To the east of Malartic Lakeshore, NioGold Mining Corporation is developing its Marban block in partnership with Aurizon Mines Ltd. Historical production from the Norlartic, Kierens and Marban past producing mines amounted to 600,000 ounces of gold and the partnership intersected 9.06 g/t Au over 7.3 m in early 2011 drilling.

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.

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