Property Status
The Malartic Lakeshore property consists in 22 contiguous claims for a total property surface area of 962 hectares. As of October 2007, Golden Share holds an option to acquire a 100% interest over 3 years by paying the Vendors a total of $30,000; issuing 450,000 shares and incurring a total of $250,000 in exploration expenditures. An additional 300,000 shares can be issued at any time in the event that measured and indicated resources representing a metal content of 500,000 ounces of gold or more can be defined; a first tranche of 150,000 shares would be issued when a first threshold of 250,000 ounces of gold is achieved.
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 Malartic Lakeshore informations.