Goldshore Resources Inc. (TSXV: GSHR) has announced a mineral resource estimate (MRE) for the Moss Lake deposit located at its 100%-owned Moss Lake Gold Project in Northwest Ontario, Canada.
This is a major milestone for the company as the shear domain represents an opportunity for a high-grade open-pit gold resource.
There is significant and clear expansion potential through strike and dip extensions to known shears, as well as parallel shears. The company has included 48 holes from its 2021 and 2022 drilling campaign in the new MRE and has drilled an additional 52 holes that are not included in the MRE because assays have not been received to date.
- The current MRE represents a significant expansion over the 2013 historical estimate for the Project with 35% more tonnes and 33% more contained gold ounces.
- The Moss Lake Gold Project is host to 29 additional targets over a 35 km trend, which the Company continues to evaluate.
“This mineral resource estimate confirms our belief that the Moss Lake Deposit is larger than previously thought,” President and CEO, Brett Richards, said.
“More importantly, there is a mass of higher-grade mineralization that can be prioritised in a potential phase one operation that Goldshore can build with a smaller capital requirement.
“Our findings on this MRE are exciting for the future of the Moss Lake Gold Project, as we now have short- and medium-term options to continue to deliver value to the Goldshore shareholders, as we explore expansions and quality increases (infill drilling to Indicated resource category) to the higher-grade resource; but also while testing other areas of known strong mineralisation like East Coldstream, North Coldstream, Iris and Vanguard, across a trend of 35 km on the project.”
For further information please visit: https://goldshoreresources.com/
