Thursday, 23rd October 2008 (328 views)

Golden Share Mining has announced that it has entered into an agreement with a local property owner to acquire the Pistol Lake gold prospect in north-west Ontario.

It is located in the Shebandowan belt, an area that the firm described as a "classic Archean sequence exhibiting strong similarities to the Hemlo, Timmins, Kirkland Lake and Val D'Or gold camps".

More than 30 gold occurrences with assays of up to 124.80 g/t have been recorded in the region over a variety of geological settings, the company noted.

These prospects offer "great" potential for additional discoveries, particularly over four zones that have been identified by Golden Share - the JF West, Contact, Calchris and Martin Bay areas.

Golden Share can earn a 100 per cent interest in the property by meeting several conditions laid out in the agreement.

Meanwhile, B2Gold has revealed that it is to trade on the Toronto Stock Exchange.

 

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