Winshear Gold Corp V.WINS

2011 Drill Season

[Boot1]

Here is the Corporate Presentation for May 2011.
www.helioresource.com/i/pdf/HRC_Corp._Presentation.pdf
In my opinion this is a sleeper. I was intitially unimpressed with the ave grade for the Porcupine Zone Resource. The initial resource of 1M Oz with the bulk target at the Porcupine Zone at SMP at around 1.5 g/t has could easily put everyone to sleep. This is deceptive. This is but the bulk mineralization or "open pit" target. There are higher grade extensions to this target surrounding Porcupine. Porcupine extensions contain:
• 52m @ 3.3 g/t Au
• 28m @ 5.1 g/t Au
• 53m @ 2.9 g/t Au
2011 Drill Program for SMP:
2011 resource expansion at:
• Porcupine: Main Zone, Footwall Zone, Quill and NE Zone
potential to double resource
• Kenge: Snakebite (narrow high grade veins), Mbenge and Kenge SE
2011 resource definition at:
• Konokono (located between Kenge and Porcupine) following up on
previous mineralised intercepts over a 500m strike length
• Tumbili – 2km long gold in soil anomaly
• Kasuku – geologically similar to Porcupine
They have done initial resource estimates on two targets, on a land package that has 35 km of length, and over 60Km of strike length targets with all of the various intersecting shear zones and Au targets. They are expanding these resources, and defining others on one land package. They actually have another district size land packages in Namibia. They are deceptively big, and under the radar.
Downside argument? Can they go it alone, and develop all these zones on both properties without any help, and without undue dilution? Is that the intention, or are they willing to JV some of this work? Is the GeoPolitical Environment safe if they are to go beyond exploration? These would be good points to air out going forward.
Disclaimer, I have shares.