Winshear Secures Drill and Helicopter Contracts FOR the Upcoming Drill Program at the Gaban GOLD Project, PERU
WINSHEAR SECURES DRILL AND HELICOPTER CONTRACTS FOR THE UPCOMING
DRILL PROGRAM AT THE GABAN GOLD PROJECT, PERU
Vancouver, September 23, 2024
Winshear Gold Corp. (TSXV: WINS) (‘Winshear’ or the ‘Company’), has signed contracts with
Energold Drilling Peru S.A.C. and Servicios Aereos de los Andes S.A.C. to provide drilling and
helicopter services in advance of an inaugural drill program at the Gaban Gold Project in
south eastern Peru. The drill programme is expected to commence before the end of
September, with mobilization of the drill equipment scheduled for the 21st of September.
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 an 1,900
square kilometer area known for extensive alluvial gold mining (Figure 1). Winshear is
exploring for one of the hard rock sources of the alluvial gold at Madre de Dios.
Figure 1 – Map showing the relative location of the Gaban Gold Project as a possible source
of the extensive alluvial gold at Madre de Dios.
Work completed at Gaban includes high-resolution airborne magnetics (2018) and stream
sediment sampling which has identified a 5 km-long series of anomalous stream sediment
samples (up to 5 g/t Au) overlying a regional magnetic anomaly referred to as the Coritiri
target (Figures 2 and 3).
Figure 2. Magnetic map showing the regional magnetic anomaly overlain by the Coritiri Zone.
Figure 3. Map showing the stream sediment anomalies related to the Coritiri Zone.
Ground-truthing of these stream sediment anomalies led to the discovery of outcropping
quartz veins hosted in meta-sediments (siltstones and sandstones). Numerous channel
sampling campaigns were conducted, resulting in the definition of the 2,200 x 1,000-metre
Coritiri Zone (Figure 4). Channel samples (typically 1-metre long) returned assays up to 11.2
g/t Au. The Coritiri zone remains open along strike to the east and southeast.
Figure 4. Channel sample results defining the Coritiri Target.
Technical Information
J. Patricio Varas, P. G e o . 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 .
About Winshear Gold Corp.
Winshear Gold Corp. is a Canadian-based minerals explora<on company advancing the Gaban
Gold Project in the Puno region of south-eastern Peru. The Company considers Gaban to be one
of the hard-rock sources of gold contribu<ng to the 1,900 km2 Madre de Dios alluvial goldfields,
located 50km north and downstream from the Gaban gold project.
For more informa<on, 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 Regula7on 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.
Cau$ons Regarding Forward-Looking Statements
This news release includes certain statements and informa7on that may contain forward-looking informa7on within
the meaning of applicable Canadian securi7es laws. All statements in this news release, other than statements of
historical facts, are forward-looking statements and contain forward-looking informa7on.
Generally, forward-looking informa7on can be iden7fied by the use of forward-looking terminology such as "intends"
or "an7cipates", or varia7ons of such words and phrases or statements that certain ac7ons, events or results "may",
"could", "should", "would" or "occur". Forward-looking statements are based on the opinions and es7mates of
management as of the date such statements are made and they are subject to known and unknown risks,
uncertain7es and other factors that may cause the actual results, level of ac7vity, performance or achievements of
the Company to be materially different from those expressed or implied by such forward -looking statements or
forward-looking informa7on, including the risks normally associated with mineral explora7on. Al though
management of the Company has aPempted to iden7fy important factors that could cause actual results to differ
materially from those contained in forward-looking statements or forward-looking informa7on, there may be other
factors that cause results not to be as an7cipated, es7mated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could differ materially from those an7cipated
in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-
looking informa7on. The Company does not undertake to update any forward-looking statements or forward-looking
informa7on that are incorporated by reference herein, except in accordance with applicable securi7es laws.