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Enter Symbol
or Name
USA
CA



Winshear Gold Corp (2)
Symbol WINS
Shares Issued 31,418,632
Close 2024-09-20 C$ 0.13
Market Cap C$ 4,084,422
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Winshear Gold signs drilling contracts for Gaban

2024-09-23 15:28 ET - News Release

Mr. Richard Williams reports

WINSHEAR SECURES DRILL AND HELICOPTER CONTRACTS FOR THE UPCOMING DRILL PROGRAM AT THE GABAN GOLD PROJECT, PERU

Winshear Gold Corp. has signed contracts with Energold Drilling Peru SAC and Servicios Aereos de los Andes SAC to provide drilling and helicopter services in advance of an inaugural drill program at the Gaban gold project in southeastern Peru. The drill program is expected to commence before the end of September, with mobilization of the drill equipment scheduled for Sept. 21.

Gaban is located in the Puno orogenic gold belt (POGB) at the juncture of the San Gaban and Inambari rivers, which drain into the Madre de Dios basin. This basin covers a 1,900-square-kilometre area known for extensive alluvial gold mining. Winshear is exploring for one of the hard-rock sources of the alluvial gold at Madre de Dios.

Work completed at Gaban includes high-resolution airborne magnetics (2018) and stream sediment sampling which has identified a five-kilometre-long series of anomalous stream sediment samples (up to five grams per tonne (g/t) gold (Au)) overlying a regional magnetic anomaly referred to as the Coritiri target.

Ground-truthing of these stream sediment anomalies led to the discovery of outcropping quartz veins hosted in metasediments (siltstones and sandstones). Numerous channel sampling campaigns were conducted, resulting in the definition of the 2,200-times-1,000-metre Coritiri zone. Channel samples (typically one metre long) returned assays up to 11.2 g/t Au. The Coritiri zone remains open along strike to the east and southeast.

Technical information

J. Patricio Varas, PGeo, Winshear's president and a qualified person as defined by National Instrument 43-101, has reviewed and approved the contents of this news release. Mr. Varas has visited Winshear's Gaban exploration project and has reviewed the data from sampling programs .

About Winshear Gold Corp.

Winshear Gold is a Canadian-based minerals exploration company advancing the Gaban gold project in the Puno region of southeastern Peru. The company considers Gaban to be one of the hard-rock sources of gold contributing to the 1,900-square-kilometre Madre de Dios alluvial goldfields, located 50 kilometres north and downstream from the Gaban gold project.

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