TORONTO, ON / ACCESSWIRE / June 17, 2015 / Golden Share Mining Corporation (TSXV: GSH) ("Golden Share" or the "Company") has terminated its Pick Lake Option Agreement, and announces its Annual General Meeting and Special Shareholders Meeting.
Golden Share has finished its internal evaluation of its mineral property portfolio as previously announced. Based on this work, the company has decided to terminate its option agreement with Orebot Inc. as of on June 15, 2015 accordingly. Previously the Pick Lake property consisted of a contiguous parcel consisting of "optioned" and "staked" claims. Golden Share will continue to control all staked claims 100%which do not have any royalty conditions attached to their ownership. These remaining claims will now be referred to as the Rope Lake property. Golden Share believes that the Rope Lake property is very prospective and a large enough land package capable of standing on its own technical and economic potential merits, consisting of multiple exploration targets already identified. The next phase of exploration for Rope Lake property is currently in review.
Nick Zeng, the President & CEO, stated "given the financing challenges placed on mineral exploration for several years now, it is Management's focus and obligation to protect the Company's core assets and also limit exposure to any potential financial risks. This requires the company to make prudent and informed technical assessments of the business case of each of the company's mineral assets and corresponding financial commitments. This work may include the divestiture of other mineral properties if required. Management believes this strategy will place the company in a good position to be able to react quickly to advance its properties at the time when mineral commodity prices improve and in general when the junior exploration market recovers."
The Company's Annual General Meeting and the Special Shareholders Meeting are scheduled on August 6, 2015 at corporate office located in Markham, Ontario.
All technical information presented in this press release has been reviewed by Laurence Huss, MSc, PGeo, the qualified person for Golden Share.
About Golden Share
Golden Share Mining Corporation is a Canadian-based junior mining company exploring a promising and well-balanced property portfolio in the mineral belts of Ontario and Quebec, both politically stable jurisdictions with a history of rich mineral endowment.
FOR MORE INFORMATION, CONSULT: http://www.goldenshare.ca
Golden Share Mining Corporation
Nick Zeng, President & CEO
Tel: (416) 799-8899
E-mail: info@goldenshare.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Golden Share Mining Corporation
