- Goldshore Resources (GSHR) has received assays for another two holes from drilling at the Moss Lake Gold Deposit
- Holes MMD-21-006 and MQD-21-009 were drilled as twin holes to two drilled in 1990
- Drilling in a new parallel zone to the north of the QES Zone confirmed drill results from the 2013 resource model
- Drilling also extended the high grade structures at the Main Zone
- Goldshore Resources is an emerging junior gold development company
- Shares in Goldshore Resources (GSHR) are currently down 5.77 per cent, trading at $0.49 per share
Goldshore Resources (GSHR) has received assays for another two holes from drilling at the Moss Lake Gold Deposit.
In particular, drilling in a new parallel zone to the north of the QES Zone confirmed drill results from the 2013 resource model.
Holes MMD-21-006 and MQD-21-009 were drilled as twin holes to two drilled in 1990 and showed a strong relationship between gold grades and interval widths, including:
- 231.9m @ 0.57 g/t Au from 160 meters (MMD-21-006) vs 233.0m @ 0.58 g/t Au from 167 meters (90-223)
- 132.0m @ 0.72 g/t Au from 141 meters (MQD-21-009) vs 128.0m @ 0.74 g/t Au from 164 meters (90-209)
Drilling also extended the high-grade structures at the Main Zone, including one main high-grade mineralized zone discovered within a larger envelope of gold mineralization. Hole MMD-21-006 in this zone encountered up to 1.57 g/t gold over 10.8 metres from 248.2 metres.
“We are discovering additional parallel zones that we think will improve the project economics by replacing waste material in a design pit with mineralized blocks,” said Goldshore president and CEO Brett Richards.
“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,” he added.
Goldshore Resources is an emerging junior gold development company that owns the Moss Lake Gold Project in Ontario.
The Moss Lake Gold Project covers 14,292 hectares and consists of 282 unpatented and patented mining claims 100 kilometres west of Thunder Bay.
Shares in Goldshore Resources (GSHR) are currently down 5.77 per cent, trading at $0.49 per share as of 12:25 pm EST.
