Goldshore's VTEM Survey reveals 29 undrilled High Priority Targets and expands prospectivity
Goldshore Resources Inc. has received the final processed models and targets from TechnoImaging LLC from the heliborne Versatile Time-Domain Electromagnetic and Horizontal Magnetic Gradiometer geophysical survey conducted by Geotech Ltd. on the Moss Lake Gold Project located in Northwest Ontario.
Highlights:
- Eleven new chargeability targets with a Moss Lake gold deposit signature: this increases the potential combined strike length of gold targets from the current 2.5km to a total of 11km. There are several smaller targets of similar character that will also be evaluated.
- Moss Lake is already richly endowed: The current 2.5 km strike length hosts historic Indicated Mineral Resources of 39.8Mt containing 1.4 million ounces gold at an average grade of 1.1 g/t Au and Inferred Mineral Resources of 50.4Mt containing 1.8 million ounces gold.
- Six folded magnetic targets with an East Coldstream gold deposit signature: these new targets lie within folded magnetic signatures on the eastern magnetic domain boundary that hosts the East Coldstream gold deposit.
- Twelve magnetic conductors suggesting additional copper prospects: these are blocky VTEM conductors with an elevated magnetic signature similar to the anomaly defining the historic North Coldstream copper-gold mine. Goldshore notes the preponderance of graphitic strata that is generating several planar anomalies and may be contributing to these potential copper targets.
Brett Richards, President and Chief Executive Officer of Goldshore, commented: "TechnoImaging and our team have done an excellent job in developing and fine tuning the 3D models of various geophysical parameters, relating them to known mineralization styles in the district, and generating an inventory of high-quality exploration targets. These will form the basis of further field work and scout drilling over the next two years. We look forward to reporting on the discovery of new mineralized systems and expanding the resource footprint as our development team continues to advance the main Moss Lake Project to PEA/PFS."
Tags: Northern Ontario / Exploration / Gold / All Articles