GOLDEN CREEK - ELMWOOD - visable gold + core picsMORE INTEL '
November 25th 2008 – Golden Share Mining Corporation (TSXV:GSH) is pleased to
provide an update on its 2008 drilling programs in Ontario, Canada.
Diamond drilling is now completed on the Elwood property.
Seven holes totaling 485 m were
drilled on the U Zone, a massive quartz vein structure hosted in sheared and altered granodiorite.
Drilling was aimed at testing the geometry and gold distribution in the U zone and six scissors
holes were drilled on three sub parallel sections, each section being investigated by two holes
with dips of 45° and 60°. A 25 m spacing was used for the sections and a seventh hole was
drilled towards the south west to test the extension of the mineralization outside the main outcrop
area.
Visible gold was encountered in hole EL-08-01 at 18.50 m in the heart of the U zone quartz
veining.
To see the drill core, click the following web links :
https://media3.marketwire.com/docs/ImageVG1.JPG
https://media3.marketwire.com/docs/ImageVG2.JPG
The zone is described as a strong to intense, white, milky, weakly brecciated quartz vein structure
with granodiorite xenoliths. It contains trace to 1% disseminated fine grained pyrite and galena
and locally up to 3 to 5% over 10 to 20 cm sections.
Moreover, in hole EL-08-04, the U Zone was
intersected over a 15 m down hole width.
A preliminary description of the drilling program is as follows :
Hole No. Easting Northing Azimut
h Dip Depth
(m) Preliminary Geology
EL-08-01 712286 5382511 330° -45° 62 U-Zone from 18.07 to 25.30 m
EL-08-02 712286 5382511 330° -60° 86 U-Zone from 32.86 to 43.35 m
EL-08-03 712303 5382521 330° -45° 56 U-Zone from 37.40 to 45.45 m
EL-08-04 712303 5382521 330° -60° 77 U-Zone from 41.00 to 56.50 m
EL-08-05 712329 5382534 330° -45° 58 Weak veining
EL-08-06 712329 5382534 330° -60° 80 Weak veining
EL-08-07 712226 5382497 330° -45° 59 Lean Zone from 37.60 to 40.80m
WANGO COMMENT - Nice to see shallow intercepts -
7 holes ÷ 485m = 70m each hole ( as i suspected )
Smart to drill several shallow holes = more area covered = chase the veining system
I almost feel the Golden Creek - Elmwood is, more drill ready than, redlake.
Channel sampling, shallow intercepts, 500m strike = far eaasier to expand on.
Golden Creek - Looking Good.