Winshear Gold Corp. (TSX-V:WINS), formerly Helio Resource Corp. is a Canadian based junior gold exploration company focused on its highly prospective Gaban Gold Project located in the Puno Orogenic Gold Belt in south eastern Peru.
In September 2019, Winshear acquired a 100% interest, subject to a 2% NSR, in the Gaban and Yang Gold Projects and Ica IOCG Project in Peru from Palamina Corp (TSX-V:PA) through the issuance of 10,000,000 common shares of Winshear (see news release here). The Gaban Gold Project, located in the Puno Orogenic Gold Belt in souteastern Peru, is approximately 750km east-south east of Lima. The Gaban area is one of the possible bedrock sources of the alluvial gold being mined in the drainages at Gaban and also at the giant Madre De Dios alluvial gold fields 40 kilometres north of Gaban in the Amazon Basin. During field campaigns in 2019 - 2021, Winshear has outlined a gold anomaly that measures some 2.2 by 1 kilometres. Following imminent receipt of permits, Winshear intends to drill the first holes ever at Gaban in 2022.
Winshear is also pursuing its rights to the SMP Gold Project in Tanzania. The Company was active in Tanzania since 2006, exploring and developing the SMP Gold Project. In 2017 the Tanzanian government changed the Mining Act whereby the Retention License classification, under which the SMP project was held, was abolished. In December 2019, the Tanzanian Government issued a Notice to Tender whereby new investors could bid for projects formerly held under Retention License. Winshear served a required 180-day Notice of Intent to submit a claim to arbitration under the Canada-Tanzania agreement for the Promotion and Reciprocal Protection of Investments and filed for arbitration in July 2020. Since then, it has retained legal representation and obtained full, non-recourse funding for the arbitration process, in which it has claimed a quantum of C$124.8 million in damages. The process is proceeding toward a tribunal decision in the first half of 2023.
All technical information on this website has been reviewed and approved for disclosure by Mr. R. Williams, M.Sc., P.Geo, Helio’s CEO and Qualified Person as designated by NI 43-101.