In December of 2019, Golden Share received the necessary exploration permits for drilling the remaining one
Pursuant to a Settlement, Golden Share has transferred the Property known as 'Pistol Lake'.
As well, Golden Share will be able to continue advancing its
Based on exploration to date, open-pitable shear/stockwork-hosted gold is the most probable exploration target at the Band-Ore project. Golden Share intends to re-evaluate the historical gold deposits for lower grade bulk tonnage open pit potential where the deposits have been previously evaluated primarily on the basis of narrower somewhat higher-grade zones. Given the size of the Project area, the number of recognized structural zones with associated gold occurrences and alteration and lack of extensive drill testing, Golden Share believes that the project area has the potential to host additional yet undiscovered gold mineralization. An exploration goal of defining a mineral resource of one of gold from several open pitable deposits within the
Advancing the
In September of 2019, the Company has received the necessary exploration permits for
We have recognized the market conditions have been very challenging for Golden Share as an exploration company. However, we do not believe that its market price currently reflects the value of the assets and potential of the Company. In and for the best interests of shareholders, irrationally diluting by issuing shares during such a historic bear market is not an appropriate business decision. Golden Share will continue conducting exploration work as it has been doing in order to better position itself for a possible market upturn.
About Golden Share
WARNING
Certain statements in this press release may be forward-looking, including those with respect to the timing and content of up-coming work programs, geological interpretations, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks, uncertainties and assumptions. Actual results may differ materially from those currently anticipated in such statements. The Company relies upon litigation protection for forward-looking statements. The reader is warned against undue reliance on these forward-looking statements.
Contact:
Tel: (905) 968-1199
Email: info@goldenshare.ca
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