The Band-Ore Project is located about 65 km west of Thunder Bay, Ontario, Canada. The Project is located very close to infrastructure with provincial highway, railway line and high voltage power line all crossing various portions of the project. The City of Thunder Bay has all necessary services to support exploration and mining activities. Also, the Port of Thunder Bay which is located at the head of the Great Lakes/St. Lawrence Seaway System.
The Band-Ore Project is 100% owned by Golden Share. The Band-Ore Project comprises the Band-Ore and Band Ore extension properties which have been acquired under different terms.
The Band-Ore Project is located in the Shebandowan Greenstone Belt (SGB), part of the Wawa Subprovince. The SGB displays a classic Archean greenstone belt sequence and subsequent deformation making it comparable to other notable greenstone belts host to the Hemlo, Timmins and Kirkland Lake gold camps. The SGB contains east trending mafic to intermediate metavolcanics consisting of basalt, andesite and dacite flows and tuffs with minor felsic volcaniclastics and metasediments. Gabbro, peridotite and quartz-feldspar porphyry sills and plugs intrude the metavolcanics.
The northern part of Project is underlain by mafic and felsic volcanics and felsic intrusions. The southern part of the Project is underlain by large Band-Ore stock. Gold-bearing deformation zones occur along the contact of the Band-Ore stock, within the contact aureole of the Band-Ore Stock, and as crosscutting features within the stock and supracrustal units. These deformation zones are commonly occupied by intrusive units including syenite, quartz feldspar porphyries, gabbro and lamprophyre.
Note: The Band-ore mineral resource estimates are considered to be ‘historical’ in nature. Golden Share has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves in accordance with NI 43-101. Golden Share is not treating the historical estimates as a current mineral resource s or mineral reserves; they are presented for informational purposes only and should not be relied upon.
Two significant zones of gold mineralization have been outlined on the Band-Ore Project: Band Ore Main Zone and Zone No. 4. The Band Ore Main Zone was first discovered in the 1930’s. It is hosted in sheared feldspar porphyry, and contains a shallow non-NI 43-101 compliant historical mineral resource of 155,600 ounces of gold (705,790 tonnes at 6.86 g/t Au). The Zone No. 4 was discovered by Mattagami Lake Explorations in 1981. It is located 800m southwest of the Band Ore Main Zone and is hosted in sheared and altered felsic to intermediate pyroclastics. A shallow non-NI 43-101 compliant historical mineral resource of 95,671 ounces of gold was calculated by Noranda (616,000 tonnes at a grade of 4.83 g/t Au and 7.71 g/t Ag).
Golden Share completed extensive evaluations of all available historically data and information on the Project. 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. Potential lower-grade zones might still be relatively small, and not of interest individually, however several small open-pit zones might be of interest. Work will include generation and interpretation of a set of sections including available historic and current Golden Share drill hole data for the Band-Ore Main Zone and No. 4 Zone. Where available, historic drill holes with unsampled sections may be sampled to determine if low-grade gold mineralization is present which may support a low-grade bulk-tonnage exploration model. While resampling, Golden Share will investigate whether screen metallic assays are warranted given the historical references to nugget gold at the property. If supported by the drill hole compilation and possible resampling, several short confirmation holes may be considered at the core of each occurrence.
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 million or more oz of gold from several open pitable deposits within the Band-Ore Project is considered to be a reasonable exploration objective.