Recent Updates

Golden Share Mining Corporation announces the acquisition by map staking of the Lutetium Property, located in central Quebec, Canada.


Property Status

The Lutetium property consists in 23 mining claims for a total property surface area of 1367 hectares under 100% ownership by Golden Share.

Laurence Huss, P.Geo., Vice-president Exploration of Golden Share Mining Corporation and Qualified Person for Golden Share, has reviewed and approved the content of Lutetium informations


Access

The Lutetium property is located 17 km east of the town of Maniwaki and 33 km south-west of the town of Mont-Laurier straddling the Kensington and Wabassee Townships, in the area of southern Quebec, Canada. It is situated west of highway 117 and accessible via a gravel road which crosses the property.

Geology

The Lutetium property is located in metasediments and sediment from Mont-Laurier bassin in the Grenville Geological Province which is recognized in this part for its molybdenite skarn occurrences and for uranium and REE pegmatite showings.

The rocks of the Lutetium property consist in metasediments and migmatites. The units show a north-south strike. North trending bands of quartzite and sillimanite paragneiss cuts the property. Several syenite intrusive bodies have been identified in the vicinity of the Lutetium property and, given the enrichment of peralcaline syenites in HREE, these syenites could act as reservoirs for REE.



Mineralization

The REE occurrence is located at the contact between metasediments and migmatites, a geological environment favourable for the concentration of pegmatites and the deposition of REE.

REE mineralization is reported over an area of 1,000 m by 300 m with grades of up to 1.32% Total Rare Earth Elements ("TREE") obtained from historical surface sampling with individual assays showing the presence of several important heavy rare metals ("HREE"). Lutetium, reportedly the highest price REE, is reported with grades of up to 87.6 ppm. Lutetium is used in some nuclear applications, in experimental nuclear medicine and also as a catalyst for cracking hydrocarbon chains in petroleum refineries. Samarium, which is increasingly used for high power magnets, is reported with grades up to 618 ppm (g/t).

Reported assays for other HREE include Terbium (Tb - 70 ppm (g/t)) and Ytterbium (Yb - 531 ppm (g/t)) while reported LREE include Cerium (Ce - 7 550 ppm (g/t)) and Lanthanum (La - 4 330 ppm (g/t)).