Winshear Completes 1,005 Metres of Drilling IN Four Diamond Drill Holes at the Gaban GOLD Project IN PERU
WINSHEAR COMPLETES 1,005 METRES OF DRILLING IN
FOUR DIAMOND DRILL HOLES AT THE GABAN GOLD PROJECT IN PERU
Vancouver, December 17, 2024
Winshear Gold Corp. (TSXV: WINS) (‘Winshear’ or the ‘Company’), is pleased to report that it has
completed its maiden drill program at the Gaban Gold Project, southeastern Peru. The program
included four diamond drill holes totalling 1,005 metres from two drill sites 1 25m apart (Figure
1). Winshear’s maiden drill program at Gaban is the first ever carried out on the property with
the intent of testing the width of the shear zone hosting the gold mineralized quartz veins.
The drill program at the Coritiri Gold Zone confirmed the presence of a weakly to moderately
sheared sequence of intercalated slate and fine siltstones with some crosscutting fine -grained
microdioritic sills. The sequence is cut by millimeter to centimeter sized quartz vein s / veinlets
hosting pyrite, pyrrhotite, and traces of chalcopyrite. Additionally, the sheared slate also contains
fine disseminated pyrite and pyrrhotite.
Figure 1. Coritiri Gold Zone showing drill platforms, diamond drill hole traces over the surface rock
sampling results
Assays from the drill program are expected in Q1 2025 and will be reported upon receipt.
Winshear’s 2024 exploration program included the completion of an 8.6 kilometre access road to
the Coritiri Gold Zone to support the drill program. A staging field camp and the preparation of
two drill sites were completed for the helicopter supported diamond drill program.
Mobilization of the drill equipment commenced on September 21 st and drilling began the first
week of October. The drill program was curtailed due to the early onset of heavy rains which
made supply logistics difficult and ineffective, and compromised the health and safety of the field
crew.
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 s 2 and 3). The Company is investigating
Gaban as one of the potential hard-rock sources for the alluvial gold being mined at Madre de
Dios and on the Gaban project itself.
Figure 2: Puno Orogenic Gold Belt
Winshear s e t o u t t o t e s t s e v e r a l s h e a r-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.
Figure 3: Gaban Project in relation to the Madre de Dios Alluvial Goldfields
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 3 ). The geophysical anomaly is
coincident with a five (5) k ilometre long series of gold -in-stream sediment anomalies located
within the Yanamayo River catchment. 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.
Technical Information
J. Patricio Varas, P . Geo. Is Winshear’s President and is a Qualified Person as defined by National
Instrument 43-101. He 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 -
Madre de Dios alluvial
goldfields
Gaban Gold Project
rock sources of gold contributing to the 700 km2 Madre de Dios alluvial goldfield, located 50 km
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
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of
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forward-looking information, including the risks normally associated with mineral exploration. Al though
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