The Shebandowan Gold Project is located 65 kilometers 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 a population of 113,000 and all necessary services to support exploration and mining activities. Also located in Thunder Bay is the Thunder Bay International Airport and the Port of Thunder Bay which is located at the head of the Great Lakes/St. Lawrence Seaway System.
Golden Share now holds 100% interest in the Project with various portions subject to underlying Net Smelter Royalties (NSR's).
The Shebandowan Gold 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 Shebandowan Gold Project contains three main zones of mineralization: JF West, Bandore Main Zone and Bandore Zone 4. See the figure below for details. A copy of the NI 43-101 report describing the JF West Zone resource estimate can be found on SEDAR (www.sedar.com) or is available for download here.
Note: The Bandore 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.
Golden Share has finished compiling and reviewing all historical technical data available on the Shebandowan Project by the end of 2016.
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. A million or more ounces of gold from several open pitable gold deposits within the Shebandowan Project would represent a reasonable target.
Golden Share will intend 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. Based on exploration to date, open-pitable shear/stockwork–hosted gold is the most probable exploration target in the Shebandowan Project area. To re-evaluate exploration model for established deposits at Shebandowan Project is appropriate with modern open pit mining technology improvements.
Exploration efforts for new discoveries have always been the focus of Golden Share. A group of IP zones with medium to high ranked chargeability anomalies were identified for Phase 2 follow-up. The zones were selected primarily based on their apparent lack of or minimal diamond drill hole testing, proximity to known gold occurrences and favorable geology, structure and alteration.