Golden Share Resources (TSXV: GSH) announced that it acquired the Basking project in Ontario, Canada.
In a press release, the miner indicated that Basking, which is made up of four small non-contiguous claim blocks totaling 34 single cell mining claims, was acquired through map staking.
In detail, the project is located near the western edge of the James Bay Lowlands and approximately 100 kilometres north-northwest of the Ring of Fire nickel and chromite deposits in northern Ontario.
Two of the Basking claim blocks are centered on base metal targets and the other two are diamond and/or base metal targets
According to Golden Share, two of the Basking claim blocks are centred on base metal targets in an area of linear, northwest-trending magnetic axes immediately north of an interpreted belt of metavolcanics north of the North Kenyon fault.
"The other two claim blocks are diamond and/or base metal targets (coincident EM and magnetic anomalies) in mafic to ultramafic intrusives just south of the North Kenyon fault," the company's media statement reads. "It has an aeromagnetic signature similar to other important structural features in the Superior Province that are known to host important gold mining camps."
The Markham, Ontario-based firm said that following small confirmatory airborne or ground geophysical surveys, all four targets should be ready for drill testing.