Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Terrell Michael A
   2. Issuer Name and Ticker or Trading Symbol
GOLDEN STAR RESOURCES LTD [GSS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
10901 WEST TOLLER DRIVE, SUITE 300		 3. Date of Earliest Transaction (Month/Day/Year)
12/21/2005
(Street)

LITTLETON, CO 80127-6312		 4. If Amendment, Date Original Filed(Month/Day/Year)
12/23/2005		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 12/21/2005   A   1,244,731 A (1) 1,244,731 D  
Common Shares 12/21/2005   A   634,241 A (1) 634,241 I See footnotes. (2) (3)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (rt. to buy) $ 2.15 (4) 12/21/2005   A   360,000   12/21/2005 10/30/2008 Common Stock 360,000 (5) 360,000 D  
Stock Option (rt. to buy) $ 1.57 (6) 12/21/2005   A   216,000   12/21/2005 09/21/2009 Common Stock 216,000 (7) 576,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Terrell Michael A
10901 WEST TOLLER DRIVE
SUITE 300
LITTLETON, CO 80127-6312		   X      

Signatures

 Michael A. Terrell   01/10/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Received in exchange for common shares of St. Jude Resources Ltd. ("St. Jude") in connection with the acquisition of St. Jude by the issuer that was completed on 2005-12-21. On that date, the closing price of St. Jude's common stock was CDN$1.92 per share; the closing price of issuer's common stock was CDN$2.70 per share.
(2) These shares are held by Bluestar Management, Inc. ("Bluestar"). The reporting person is the principal of Bluestar, and, in such capacity, may be deemed to have voting and dispositive power over the shares held for the account of Bluestar.
(3) The filing of this statement shall not be deemed an admission that the reporting person is the beneficial owner of any securities not held directly by his account for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.
(4) The exercise price of the option is CDN$2.50; this is the US$ equivalent on the transaction date.
(5) Received in exchange for an option to purchase 500,000 shares of St. Jude at CDN$1.80 in connection with the acquisition.
(6) The exercise price of the option is CDN$1.82; this is the US$ equivalent on the transaction date.
(7) Received in exchange for an option to purchase 300,000 shares of St. Jude at CDN$1.31 in connection with the acquisition.

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