Goldshore Discovers Additional Mineralization Between the Southwest and Main Zones

Goldshore Resources Inc has announced its latest assay results from its ongoing 20,000-meter drill program and first results from Golden Gate, the gap between the Southwest and Moss Main conceptual open pits, from the ice drilling program of the Moss Gold Project in Northwest Ontario. 

Michael Henrichsen, CEO of Goldshore commented, "These results further validate our decision to expand the winter drill program by 5,000 meters with the objectives of deepening the Southwest conceptual open pit and to close the gap between the Southwest and Main pits. This winter's drill program has demonstrated the emerging nature of the Moss Gold Deposit and its growth potential. We look forward to continued drilling to realize the full ounce potential of the deposit in the coming months."

Highlights:

• Results from two drill holes targeting the gap between the Main and Southwest Zones intersected new high-grade mineralization representing a combined true width mineralized corridor of 75m connecting the two zones with best intercepts of:
  • 12.9m of 2.64 g/t Au from 243.4m in MMD-25-165, including
    • 4.4m of 6.59 g/t Au from 250m, and

• • 2.0m of 2.81 g/t Au from 98.0m in MMD-25-166, and

• • 5.4m of 1.59 g/t Au from 143.6m, including
    • 0.4m of 18.2 g/t Au from 143.6m

• Two holes drill testing the surface extension of deep mineralized shear zones in the Main zone successfully identified the continuation of these shears to surface with best intercepts of:

• • 10.0m of 0.55 g/t Au from 147m in MMD-25-167, including
    • 2.0m of 1.51 g/t Au from 151m, and

• • 8.05m of 0.58 g/t Au from 185.95m, and

  • 27m of 0.46 g/t Au from 154m in MMD-25-169

Technical Overview

Figure 1 shows the location of the drill holes being reported with respect to the planned winter drill program, while Figure 2 illustrates a long section through drill hole MMD-25-165 that demonstrates the potential to join the Main and Southwest Zones as a single mineralized body. Tables 1 & 2 summarize significant intercepts and drill hole locations, respectively. 

Figure 1:  Summarizes the ongoing winter 2025 drill program targeting resource expansion within the conceptual open pit outlined in grey. Drill holes being reported are highlighted in red.

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Figure 2: Long section through MMD-25-165 illustrating the existence of near surface mineralized shears and demonstrating the potential to join the Main and Southwest Zones as a single mineralized body.

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Drilling has targeted the Golden Gate prospect, a critical gap in drilling data between the Main and Southwest Zones, and the surface extension of deeper modelled mineralized shear zones along the southern boundary of the Main Zone. Both areas aim to identify sufficient near surface mineralization between the conceptual Main and Southwest pits to merge the two pits together. The shallow portion of these areas are only accessible for drilling from lake ice and can be infilled at depth from near shore drill sites. 

Hole MMD-25-165 targeted a drilling data gap between the Main and Southwest zones collared into a sequence of andesitic and dacitic volcanic rocks. Swarms of weak to moderately sheared, sericite-silica-hematite altered diorite and granodiorite dykes were encountered after 200m depth becoming increasingly mineralized with depth with intercepts of 3.2m of 0.63 g/t Au from 232.1m and 12.9m of 2.64 g/t Au from 243.4 including 9.45m of 3.46 g/t Au from 9.45m (Figure 3). Down hole orientation data does not align with either the Main or Southwest zone shears with the new mineralization likely part of a segmented lens along the Snodgrass Lake fault splay system. The hole was terminated in mineralized diorite due to depth limitations of the ice thickness. 

Hole MMD-25-166 was stepped ahead by 130m of MMD-24-165 and encountered an unexpected increase in overburden thickness increasing to approximately 80m from the 38m in MMD-25-165. This resulted in an approximately 20m gap in coverage between the two holes and the erratic erosional surface beneath overburden. The hole intersected a sequence locally sericite-silica altered andesitic and dacitic volcanics rocks with frequent swarms of weakly sheared and mineralized sericite-silica-hematite altered diorite and granodiorite dykes. Where more strongly sheared, the diorite and granodiorite mineralization increased with intercepts of 2.0m of 2.81 g/t Au from 98.0m, 3.2m of 0.93 g/t Au from 117m, and 5.4m of 1.59 g/t Au from 143.6m including 0.4m of 18.2 g/t Au from 143.6m. Combined with MMD-25-165, the holes have identified a new mineralized corridor with an estimated true width of 75m between the two zones. The corridor is accessible for additional drilling from the western shore of Snodgrass Lake.

Holes MMD-25-167 and MMD-25-169 targeted the southern edge of the Main Zone aiming to extend existing shears modelled at depth to surface. Both holes collared into andesitic and dacitic volcanic rocks with frequent swarms of weakly sheared and mineralized sericite-silica-hematite altered diorite and granodiorite dykes. Both holes successfully extended existing mineralized shears towards surface at similar grades with intercepts such as 10.0m of 0.55 g/t Au from 147m including 2.0m of 1.51 g/t Au from 151m and 8.05m of 0.58 g/t Au from 185.95m in MMD-25-167 and 2m of 2.0 g/t from 61m and 27m of 0.46 g/t Au from 154m in MMD-25-169. Downhole core orientation measurements align with the expected orientation of the Main Zone shears.

Figure 3: Hole MMD-25-165: Sheared and mineralized granodiorite returning 12.9m of 2.64 g/t Au from 243.4m between the Main and Southwest zones.

 

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