The survey was conducted by Geotech Ltd. on the Moss Lake Gold Project in Ontario, and included over 2,000 line kilometres of heliborne VTEM and magnetics.

Preliminary images suggest multiple new, untested targets, said Pete Flindell, Goldshore VP of exploration.

“This data surpasses our expectations,” remarked Mr. Flindell, “and we can already see a number of geophysical signatures that, when combined, characterise our known gold and copper deposits.”

Survey data will be processed to produce a detailed geological map using 3D imaging technology, outlining the inventory of new targets for testing.

Brett Richards, president and CEO of Goldshore, commented on the completion of the survey.

“The VTEM Survey is an integral part of our early exploration program at the Moss Lake Gold Project as we seek to identify key drill targets in support of our proposed 100,000m drill program expected to commence in the near future,” he said.

The initial drilling program will focus on evaluating the historically drilled area at Moss Lake.

Goldshore is an emerging junior gold development company and owns the Moss Lake Gold Project in Ontario.

Moss Lake contains inferred resources of nearly $81 million tonnes grading 0.98 g/t gold, according to 2011 and 2013 mineral resource estimates.

Goldshore Resources Inc. (GSHR) remains unchanged, trading at $0.69 per share as of 10:52 am ET.