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Goldshore announces strong results from East Coldstream 13km NE of Moss Lake

Sep 12, 2022

Goldshore Resources Inc. has announced assay results from eight holes drilled to test gold mineralization at the East Coldstream deposit at the Moss Lake Project in Northwest Ontario.


  • Results for eight holes, drilled to better define the gold mineralization of the East Coldstream deposit, have confirmed three broad lenses of gold mineralization within the two main shear zones with best intercepts of: 
  • 23m @ 1.34 g/t Au from 244m depth in CED-22-004, including
    • 7.35m @ 3.77 g/t Au from 254.2m
  • 17.3m @ 1.55 g/t Au from 487m depth in CED-22-005
  • 20m @ 1.15 g/t Au from 402m depth in CED-22-006
  • 26m @ 1.66 g/t Au from 451m, including
    • 7.9m @ 4.20 g/t Au from 465m
  • 25.7m @ 2.07 g/t Au from 488m
  • 37.05m @ 1.54 g/t Au from 209.3m depth in CED-22-007
  • 27.9m @ 1.14 g/t Au from 387m depth in CED-22-008, including
    • 13m @ 2.14 g/t Au from 401m
  • The better intercepts are all centered around five high-grade gold zones of mineralized breccia, including:
  • 1.05m @ 15.8 g/t Au from 257.95m depth in CED-22-004
  • 0.9m @ 14.3 g/t Au from 472m depth in CED-22-006, and
  • 0.65m @ 13.5 g/t Au from 502m
  • 0.85m @ 10.6 g/t Au from 244.35m depth in CED-22-007, and
  • 0.4m @ 12.6 g/t Au from 418m
  • These results show that the three gold mineralized lenses have a clear steep plunge and highlight significant upside potential at depth within structurally controlled shoots.

President and CEO Brett Richards stated: "These first results are extremely encouraging and significant to the overarching strategy of developing a secondary resource to Moss Lake. This will provide optionality that can only help improve the new PEA study next yearThe results also point to a second significant project within our land package, which highlights the potential for further discoveries."

Technical Overview

Figure 1 shows the location of the East Coldstream deposit relative to the Moss Lake deposit and the Archean Shebandowan Greenstone Belt. Table 1 and Figure 3 show the significant intercepts. Table 2 and Figure 2 show the drill hole locations. Figures 4 and 5 show a cross section through CED-22-006 and long section along the southern zone, respectively. 

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Figure 1: Location map showing East Coldstream relative to Moss Lake

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Figure 2: Drill plan showing drill holes (long section is Figure 5)

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Figure 3: Drill plan showing best of several +1 g/t Au intercepts

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Figure 4: Drill section through CED-22-006 and the Main Lens

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Figure 5: Long section through the Main and Sanders Lenses

Tags: Northern Ontario / Exploration / Gold / All Articles