Winshear Commences Construction of Drill Roads and Field CAMP Ahead of Its Maiden 1,600M Drill Program at the Gaban GOLD Project IN PERU
WINSHEAR COMMENCES CONSTRUCTION OF DRILL ROADS AND FIELD CAMP AHEAD OF ITS
MAIDEN 1,600M DRILL PROGRAM AT THE GABAN GOLD PROJECT IN PERU
Vancouver, June 18, 2024
Winshear Gold Corp. (TSXV: WINS) (‘Winshear’ or the ‘Company’), is pleased to report that it has
initiated field activities at the Gaban Gold Project, SE Peru, including construction of an access
road to the Coritiri Gold Zone, a staging field camp and the preparation of five drill sites in
anticipation of a 1,600m helicopter supported diamond drill program.
Access to the project area and drill sites is reached via a nine (9) kilometre foot path and light
vehicle road. The road construction is expected to take around two months to complete.
Gaban is located in the Puno Orogenic Gold Belt (“POGB”) at the juncture of the San Gaban and
Inambari Rivers, which then drain into the Madre de Dios basin where extensive alluvial gold
mining covers an 1,800 square kilometre area ( Figure 1 and Figure 2). The Company is
investigating Gaban as a potential hard-rock source for the alluvial gold being mined at Madre de
Dios and on the Gaban project itself.
Following the construction of the access road, Winshear plans on completing at minimum a
1,600m core drilling program to test several shear -hosted gold zones that have returned
significant gold values in several surface channel sampling programs. Previous sampling
campaigns have outlined a gold mineralized shear zone extending over a one kilometre by two
kilometre area with quartz vein sampling returning gold assaying up to 11.2 g/t Au. The gold
anomalous zone remains open along strike to the east and southeast.
The Coritiri Gold Zone was initially identified from interpretation of airborne magnetic data, flown
in 2018, which inferred the presence of an 8 km x 1 km NW-SE linear target adjacent to a 6.5 km
x 3.0 km northwest -southeast trending magnetic high ( Figure 1). The geophysical anomaly is
coincident with a five (5) km long series of gold-in-stream sediment anomalies located within the
Yanamayo River catchment (Figure 3). The underlying geology of the area comprises sheared and
deformed siltstones and slates with foliation typically striking northwest -southeast and dipping
moderately to the southwest.
There are several artisanal workings in the Yanamayo catchment that develop placer gold deposits
where Winshear field crews have observed local alluvial miners extracting nuggets weighing up
to 54 grammes. There are several prospect pits and short adits on outcropping quartz veins where
visible gold has been sampled and mapped.
Winshear’s proposed Gaban drill program will be the first ever carried out on the property with
the intent of testing the width of the shear zone hosting the gold mineralized quartz vein zones.
Technical Information
J. Patricio Varas, P . Geo. Is Winshear’s President and is 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
for the project.
About Winshear Gold Corp.
Winshear Gold Corp. is a Canadian -based minerals exploration company advancing the Gaban
Gold Project in the Puno region of Peru. The Company considers Gaban to be one of the hard -
rock sources of gold contributing to the 700 km2 Madre de Dios alluvial goldfield, l ocated 50km
north of, and downstream from, the Gaban gold project.
For more information, please contact Irene Dorsman at +1 (604) 200 7874 or visit
www.winshear.com
ON BEHALF OF THE BOARD OF DIRECTORS
“Richard D. Williams”
Richard Williams, CEO
Neither the 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.
Cautions Regarding Forward-Looking Statements
This news release includes certain statements and information that may contain forward-looking information within
the meaning of applicable Canadian securities laws. All statements in this news release, other than statement s of
historical facts, are forward-looking statements and contain forward-looking information.
Generally, forward-looking information can be identified by the use of forward-looking terminology such as "intends"
or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may",
"could", "should", "would" or "occur". Forward -looking statements are based on the opinion s and estimates of
management as of the date such statements are made and they are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of
the Company to be ma terially different from those expressed or implied by such forward -looking statements or
forward-looking information, including the risks normally associated with mineral exploration. Although
management of the Company has attempted to identify important f actors that could cause actual results to differ
materially from those contained in forward-looking statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or intended. There can be no as surance that such
statements will prove to be accurate, as actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-
looking information. The Company does not undertake to update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except in accordance with applicable securities laws.