The property is located approximately 2.5 km to the west of the town of Belleterre in the Témiscamingue area of Northwestern Quebec, Canada. It is easily accessible by national road 382 which crosses the property. The consolidation of Niogold's Blondeau-Guillet property with the Chevrier Lake property creates a substantial 163 claim package (the « Belleterre » project) allowing the implementation of a regional exploration approach to the area.
Original acquisition terms
The Belleterre property results in the consolidation of two contiguous claim blocks acquired under different terms.
The Blondeau-Guillet property consists in 155 claims. In June 2006, SearchGold entered into an option agreement with Niogold Mining Corporation to acquire a 70% interest in the Property in order to consolidate a position in an area which bears an undeveloped potential. This option was transferred to Golden Share in connection with the agreement with SearchGold. As of today, Golden Share holds a 50% in the Blondeau-Guillet property and intends to remain at this level.
The Lac Chevrier property consists in 8 claims. This property was transferred to Golden Share in connection with the agreement with SearchGold. As of today, Golden Share holds a 100% interest in the Lac Chevrier property.
Geological context and previous wok
The known auriferous veins of the north-east sector of the Belleterre project are part of a high grade mineralization system associated with a granite-volcanic contact which is characterized by pyrite-chalcopyrite-galena-sphalerite-gold bearing quartz veins. The past-producing Belleterre mine is located 5 km east of the property boundary. Previous work by SearchGold included a drill program totaling of 13 short holes drilled to test the continuity and grade of the known auriferous veins of the north-east sector over a strike length of 250 m and at a maximum vertical depth of 65 m. The program returned encouraging gold grades at depth with intersections of 18.21 g/t Au over 0.33 m and 16.81 g/t Au over 0.40 m. A follow-up drill program failed to provide wider intercepts but outlined strike extensions for the mineralization. Many sectors of the property remain to be investigated.
All of Golden Share's exploration programs are executed under the supervision of Mrs. Laurence Huss, M.Sc., P. Geo., and Golden Share's Vice-President Exploration. Laurence Huss is a Qualified Person as defined in National Instrument 43-101. Philippe Giaro, P.Geo., President and CEO of Golden Share Mining Corporation, also acts as Qualified Person for Golden Share.