Goldshore intersects 29.05m @ 2.99 g/t Au at Moss Lake step out

Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company"), is pleased to announce assay results from its ongoing 100,000-meter drill program at the Moss Lake Project in Northwest Ontario, Canada (the "Moss Lake Gold Project").

Highlights:

• Results for eight holes, drilled to infill historic but poorly surveyed drill sections in the Main Zone, have confirmed high-grade gold mineralization within a large volume of well mineralized diorite with best intercepts of: 
   
  • 29.05m @ 2.99 g/t Au from 478.6m depth in MMD-22-045, including
    • 13.5m @ 6.08 g/t Au from 481.25m
       
  • 16.4m @ 1.87 g/t Au from 415.6m depth in MMD-22-033, including
    • 6.65m @ 4.09 g/t Au from 416.15m
       
  • 5.85m @ 3.47 g/t Au from 110m depthin MMD-22-034
     
  • 17.0m @ 1.44 g/t Au from 58m depth in MMD-22-039, including
    • 14.45m @ 1.63 g/t Au from 58.55m
       
  • 18.0m @ 1.43 g/t Au from 354m depth, including
    • 6.7m @ 3.37 g/t Au from 365.3m 
       
  • 22.65m @ 1.59 g/t Au from 344.15m depth in MMD-22-040
     
• The better intercepts are all centered around twelve very high-grade gold zones that represent the axis of the shear network, including:
   
  • 1.0m @ 22.0 g/t Au from 418m in MMD-22-033,
  • 1.0m @ 17.7 g/t Au from 349m in MMD-22-040, and
  • 0.75m @ 88.6 g/t Au from 481.25m in MMD-22-045

President and CEO Brett Richards stated: "We continue to intersect wide zones of +1 g/t Au mineralization that underpin our belief that the Moss Lake Deposit has potential to develop an initial high-grade phase 1 open pit within the larger low-grade open pit operation. It can be seen that the projected grade shell of +1.0 g/t Au is significant at this early stage, and we will look to expand upon these exploration results, as we continue with our program."

Technical Overview

The Goldshore team has obtained sufficient quality drill information, along with oriented core data, to generate working models of the grade distribution using implicit modelling algorithms. These show coherent high grade structural zones that reflect the three dimensional anastomosing shear network, which are projected to surface in the following figures.

Table 1 shows the significant intercepts. Table 2 and Figure 1 show the drill hole locations. Figure 2 shows the better intercepts and Figure 3 is a typical section through holes MMD-22-040 and -045.

Figure 1: Drill plan showing drill holes relative to implicit modelled grade shells

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/8051/136351_3655ebd0342589e4_002full.jpg

Figure 2: Drill plan showing best of several +1 g/t Au intercepts relative to implicit modelled grade shells

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/8051/136351_3655ebd0342589e4_003full.jpg

Figure 3: Drill section through MMD-22-040 and -045 relative to implicit modelled grade shells

 

Tags: Northern Ontario / Exploration / Gold / All Articles