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Goldshore drills 6.3 g/t Au over 58.85m at Moss Lake west of Thunder Bay

Mar 2, 2022

Goldshore Resources Inc. has announced high grade gold assay results from hole MMD-21-008, which continues to confirm gold mineralization at the Moss Lake Gold Deposit in Northwest Ontario, Canada. 

Extensive High-Grade Gold Mineralization in Hole MMD-21-008

  • 58.85m @ 6.30 g/t Au from 103.3m including;
    • 4.35m @ 61.1 g/t Au from 103.3m
    • 9.30m @ 8.76 g/t Au from 139.9m
  • 19.0m @ 3.33 g/t Au from 359m
  • Broad mineralized zone averaging 0.81 g/t Au over 274.7m from 103.3m*

*When calculated using a top cut of 30 g/t Au

Key Highlights

  • High Grade Structures Emerging: Three high-grade zones in MMD-21-008 present a compelling new target style which the Company is pursuing with on-going drilling.
  • Footprint of Mineralization Remains Unknown: MMD-21-008 was collared in altered rocks with low grade gold mineralization showing that the system remains open to the north and will require further drilling to define the northern edge of the system.
  • Second Drilling Contractor Mobilized: To accelerate drilling the Company is planning to have 5 to 7 rigs active after the spring break-up. 

Brett Richards, President and Chief Executive Officer of Goldshore commented: "These drill results continue to confirm our belief that our aggressive drilling campaign will increase the tonnes and grade over the historic Mineral Resource model through the careful definition of discrete high-grade structures and expansion of the bulk tonnage volume. We have also introduced a second drill contractor to the project and are moving towards having 5 to 7 rigs active over the summer."

Tags: Northern Ontario / Exploration / Gold / All Articles