The Band-Ore Project, 100% owned by Golden Share, is about 65 km west of Thunder Bay, Ontario. 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 Band-Ore Project is hosted 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.
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 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.
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. To re-evaluate the exploration objective is another priority task taken to account by Golden Share.
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.