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Home > News > Goldshore Resources reports...

Goldshore Resources reports continuing mineralization at Moss Lake west of Thunder Bay

Jan 28, 2022


"We continue to produce drill results that confirm the historical resource estimate modelled in 2013, and significant extensions outside of the historical resource," Brett Richards, President and Chief Executive Officer of Goldshore, said.

"As well, we are discovering additional parallel zones that we think will improve the project economics by replacing waste material in a design pit with mineralized blocks. The fact that we are continuing to intersect gold mineralization outside of the volume modelled in 2013 also affirms our belief that the deposit is significantly larger than previously interpreted."

Goldshore Resources Inc. has announced gold assay results from holes MMD-21-006 and MQD-21-009, which continue to validate gold mineralization from the Moss Lake Gold Deposit 100km west of Thunder Bay. 

Highlights:

  • New parallel zone indicated to the north of QES Zone: drilling confirmed the grades within the 2013 resource model and identified a second high-grade structure approximately 250 meters north of the model. High-grade mineralized intercepts include: 
  • 52.85m @ 1.35 g/t Au from 194.0m 
  • 7.85m @ 1.18 g/t Au from 607.0m and
  • 9.0m @ 1.42 g/t Au from 638.0m
  • Twin holes confirm historic drill results: a comparison between the two sets of twin holes, based on geological rather grade intervals, shows a good comparison between gold grades and interval widths:
  • 231.9m @ 0.57 g/t Au from 160 meters (MMD-21-006) vs 233.0m @ 0.58 g/t Au from 167 meters (90-223)
  • 132.0m @ 0.72 g/t Au from 141 meters (MQD-21-009) vs 128.0m @ 0.74 g/t Au from 164 meters (90-209)
  • Continued high grade structures at Main Zone: one main high-grade mineralized zone occurs within a larger envelope of +0.3 g/t Au mineralization at the southwestern edge of the Main Zone in MMD-21-006, including:
  • 8.15m @ 1.10 g/t Au from 167.05m
  • 29.5m @ 1.19 g/t Au from 199.0m and
  • 10.8m @ 1.57 g/t Au from 248.2m

 



Tags: Northern Ontario / Exploration / Gold / All Articles