Building on a Solid Portfolio

Golden Share Mining Corporation

Golden Share Mining Corporation (GSH) is poised to become a leader in Canadian gold exploration. The company continues to develop an impressive portfolio of high-quality precious metal projects in the provinces of Ontario and Quebec.
The company is backed by a team of highly experienced and professional geologists, engineers and financiers with many decades of combined hands-on knowledge of all facets of gold exploration, site development and production.

Led by a skilled and successful management group, Golden Share was formed as a private company in 2007. Initially a wholly-owned subsidiary of SearchGold Resources – an African-focused junior mining company – GSH was created to optimize SearchGold’s Canadian assets, while SearchGold focused on the construction of its Bakoudou gold mine in Gabon, which is now in production. After completing a $2.7 million initial public offering financing with Canaccord in December of 2007, GSH was listed as a public company on the TSX Venture Exchange in January, 2008.

“Through a series of accretive transactions, GSH has built a solid portfolio with four resource projects (three gold and one zinc) in Ontario and Quebec – a politically stable and mining friendly jurisdiction with a rich history of mineral endowment,” says company President and Chief Executive Officer Philippe Giaro.

Recently, the company completed a successful merger with Silvore Fox Minerals Corp. allowing Beijing Donia Resources Co. Ltd., a Chinese state-controlled company, to become GSH’s largest shareholder, with approximately 30.9 percent O/S. Sinotech Minerals Exploration Co. Ltd., a leading Chinese mineral exploration and development company, is a 50.03 percent shareholder of Beijing Donia Resources Co. Ltd., while Lake Shore Gold Corp. remains the second largest shareholder in GSH, with 6.1 percent O/S.

Currently developing a well-diversified property portfolio straddling three distinct Archean greenstone belts in Eastern Canada, Golden Share maintains a focus on resources, position plays and first mover opportunities.

GSH’s management team consists of President and CEO Philippe Giaro, M.Sc., P. Geo.; Chief Financial Officer Helen (Hua) Gao, CPA, CMA; and Vice President Exploration Laurence Huss, M.Sc., P. Geo. The team is skilled in administration and corporate finance in both the exploration and mining sectors and has in-depth knowledge in joint ventures and mergers. They are poised to advance the company to the next level together with Golden Share’s highly trained subcontracted geologists, technicians, geophysicists, diamond drillers and others with experience in mining across Asia, North and South America and Africa.

Diversified Property Portfolio
Golden Share has maintained its focus on three prolific Canadian greenstone belts, classifying its targeted sites into three principal categories: firstly, mining properties with past producing mining activities, established underground infrastructure and historical resources (such as the Berens River and Pick Lake properties); secondly, mining properties with demonstrated NI 43-101 compliant gold resources (namely the Shebandowan and Forsan properties); and, lastly, mining properties within a “strategic radius” of multi-million ounce gold deposits currently in operation (such as the Malartic Lakeshore property six kilometres north of Osisko’s Canadian Malartic – now Yamana-Agnico Eagle – gold mine).

Focusing on the high grade gold and base metal properties of its Ontario property portfolio, Golden Share is also actively reviewing additional transactions needed in order to fast track development.

One of GSH’s key Ontario properties is Berens River with a long and impressive history. Vein number one – of ten veins at the site – has previously been mined from 1939 to 1948, producing some 158,000 ounces of gold and 5.8 million ounces of silver as well as zinc and lead. The other veins have remained undeveloped to this day and this is where GSH has been focusing its exploration efforts.

Second in importance in Ontario in terms of gold potential, the Shebandowan Project comprises the Pistol Lake, Conacher and Band Ore properties. Located seventy kilometres west of Thunder Bay, Ontario, the Shebandowan greenstone belt is at the province’s western end and the focus of increasing exploration activity. To facilitate potential mining activities, the area is serviced by a high-tension power line, a railroad line and the Trans-Canada Highway.

Naturally, the exploration stage at each project site varies depending on the different level of the properties. “Just to give you an example: on Shebandowan, we are at the resource definition stage, while on a very early stage project – such as Hyndman, for example – it is still very preliminary surface reconnaissance,” says Mr. Giaro. At this point, the company has started drilling, interpreting the results and planning for the next steps.

“While the natural current focus is on Berens River (past producer, very high-grade, polymetallic, known extensions, Red Lake district), the strategic location of a property like Malartic Lakeshore could be a key catalyst to generate a transaction with a major expanding its activities in the Malartic area of northern Quebec,” says Mr. Giaro of GSH’s Malartic Lakeshore property.

Located in Québec’s Val D’Or Malartic area, the Malartic Lakeshore property is situated twenty kilometres west of the town of Val d’Or (French for ‘valley of gold’). With gold discovered in the area back in the early 1920s, Val d’Or has also seen other types of minerals mined, including copper, zinc and lead. At present, the site consists of twenty-six claims with a total property surface area of ten square kilometres

Executing the final property payments in October 2009 – along with all work commitments – Golden Share now totally owns the Malartic Lakeshore property. The strategically located property is positioned on the Norbenite-Marbanite shear zone, a major gold bearing structure off the world famous Cadillac – Larder Lake break. The past-producing Norlartic, Kierens and Marban mines historically produced 600,000 ounces of gold (located six kilometres to the east of GSH Malartic Lakeshore property). It also lies between Agnico Eagle’s new Lapa mine (five kilometres to the west) and Osisko’s Canadian Malartic project (six kilometres due south), recently acquired by Yamana and Agnico-Eagle.

Strong Chinese Shareholder Base
GSH benefits considerably from the solid support of its Chinese cornerstone investors and from key director positions filled by men and women with considerable background experience in mineral exploration, geology, finance and operations and other key areas.

“The benefit of our Chinese shareholder base is a longer-term view to the general metals and mining industry,” explains Mr. Giaro. “They are less prone to daily trading action and value long-term involvement, thereby providing added stability. From a larger scale perspective, having a cornerstone Chinese shareholder like Beijing Donia is a great benefit.”

Beijing Donia is the international exploration arm of Beijing headquartered Sinotech, a Chinese mineral exploration and development firm established in 2004. Currently owning over one hundred mineral projects all over the world, Sinotech has established partnerships with all major Chinese gold producers, operating a number of China-based mines producing a variety of metals including gold, silver, copper, lead, zinc, molybdenum and iron.

“Overseas, notably through Beijing Donia, Sinotech has been actively pursuing exploration and mining opportunities with strategic direct and indirect investments in four TSXV and two ASX listed, well-funded, junior explorers developing projects for gold, base metals and nickel in Africa and North America.”

Sinotech’s support, through Beijing Donia, offers additional long-term stability to GSH shareholders. While Chinese investors are not directly involved in the day-to-day operations of the company – as this is management‘s direct responsibility – they share the board of directors with equal weight and provide cross-culture vision and style to the company.

To keep Golden Share growing, the company’s management team will keep developing its current property portfolio, while simultaneously reviewing potential accretive acquisitions. Along with highly encouraging results during its recent summer program on the Berens River property, the company leveraged its knowledge and contacts in Eastern Canada by acquiring an option on the Monster Island property, in the heart of the new Monster Lake gold play. It was recently highlighted by a November 2013 $17.6 million option agreement between TomaGold Corporation and Iamgold Corporation. “The deal with Iamgold was prompted by recent high grade gold diamond drill discoveries on zone Annie,” says Mr. Giaro. “We have also consolidated our western Ontario land package with the acquisition of Chinese controlled Greatore in May 2014. In terms of production ready situations, GSH has been active at reviewing advanced properties.”

At Golden Share Mining Corporation, a highly-skilled team of geologists, combined with a management team able to make informed decisions in a cost-effective, strategic, and timely fashion, has led the company to better cope with downturns in a dramatically cyclical industry. With better field and corporate experience than many other companies, GSH is rapidly setting itself heads and shoulders above its competitors.

July 21, 2018, 3:38 AM EDT

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