Goldshore Resources drills 128.3m grading 1.1 g/t Au from Moss Lake Deposit
Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company"), is pleased to announce assay results in hole MQD-22-014 from its ongoing 100,000-meter drill program at the Moss Lake Project in Northwest Ontario, Canada. Drilling is aiming to better define and expand high-grade structural zones within the Moss Lake deposit to improve the overall grade and volume beyond that of the historic mineral resource.
Highlights:
- Broad zone of high-grade mineralization confirming the tenor of mineralization modeled in the QES Zone with best intercepts of:
- 128.3m at 1.05 g/t Au from 121.3m, including
- 40.6m at 1.99 g/t Au from 139.4m,
- 3.6m at 1.80 g/t Au from 199.0m, and
- 22.0m at 1.25 g/t Au from 227.0m.
- New high grade gold mineralization open in all directions with visible gold intersected in a northern parallel structure. This northern structure is interpreted to be the same parallel structure intersected over 100 metres further to the east (see press release dated January 28, 2022). In addition, the identification of VG in this northern structure could provide elevated milling recoveries in any future operation. The drilling returned:
- 16.0m at 5.31 g/t Au from 477.0m, including
- 5.25m at 15.8 g/t Au from 477.75m
- Expanding Drill Capacity through the engagement of two additional drill contractors who are mobilizing three rigs to site in the coming week. This will enable Goldshore to increase the drilling rate at the Moss Lake gold deposit and expand the drill program to the Coldstream area to evaluate the gold deposit at East Coldstream and copper-gold-cobalt mineralization at North Coldstream.
Brett Richards, President and Chief Executive Officer of Goldshore, commented: "The drilling intercept of 128.3m at 1.05 g/t Au reaffirms our view that the Moss Lake gold project contains a significant volume of +1 g/t Au mineralization that can underpin a meaningful, economic gold deposit. 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. Separately, we are pleased to be bringing in additional drill contractors that will enable us to increase our drilling rate at Moss Lake while commencing drilling at Coldstream."
Technical Overview
Figure 1 and Table 1 summarize the significant intercepts in MQD-22-014. Figure 2 shows the visible gold seen at 478.1 meters depth, which corresponds to the high-grade parallel structure. Figure 3 and Table 2 show the drill hole location.
Figure 1: Drill section through MQD-22-014 showing mineralized intercepts relative to the 2013 grade model
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8051/122868_48a42c9e548939bd_002full.jpg
Figure 2: Visible gold in quartz-pyrite veins at 478.1m in MQD-22-014
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/8051/122868_48a42c9e548939bd_003full.jpg
Tags: Northern Ontario / Exploration / Gold / All Articles