Winshear Gold Corp. reported that it has received its environmental permit, the Declaracion de lmpacto Ambiental (DIA), from the Ministry of Mines in Peru. The DIA allows for helicopter-supported drill testing of the Coritiri gold anomaly at the Gaban Gold Project, Puno Orogenic Gold Belt, southeastern Peru.

Gaban is being investigated as a possible hard rock source of the extensive alluvial goldfields being mined downstream at Madre de Dios which now cover over 1,900 square kilometers. The Gaban Gold Project is located in the Puno Orogenic Gold Belt (POGB) on the east side of the Andes. The geology of the area comprises fine-grained sedimentary rocks, locally carbonaceous, which show evidence of low-grade regional metamorphism.

Gold-bearing shear zones are commonly located near granitic intrusions found throughout the belt. The Coritiri Target was originally identified through the discovery of gold in stream sediment anomalies along the Yanamayo river basin which were coincident with a large magnetic anomaly. Follow-up field work led to the discovery of outcropping shear zones containing gold-bearing quartz veins in areas with evidence of historic hard-rock mining activity and current artisanal placer gold mining.

To date, Winshear has defined a1 Km by 2.2 Km area containing numerous outcrops of shear zone hosted gold mineralization which have never been drill tested. Channel sampling across the quartz-veined shear zones has returned up to 32.35 grams per tonne gold over 1m. The target delineated at Coritiri has never been drill tested.