Goldshore Expands Winter Drill Program to 20,000 Meters
Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) has announced a 5,000-meter expansion of its winter diamond drilling program at the Moss Gold Project in Ontario, bringing the total program to 20,000 meters. The expansion comes as the current program nears completion under budget.
The additional drilling will focus on two main objectives: expanding the resource at the southwest portion of the deposit by drilling beneath the current conceptual open pit, and closing the gap between the Southwest and Moss Main pits. Recent results from drill hole MMD-24-139 showed promising intersections of 20.55m at 2.58 g/t Au, including 14.7m at 3.52 g/t Au from 458.15m depth.
The company believes this expanded program could significantly enhance the current Mineral Resource Estimate while positively impacting the project's economic performance.
Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) ha annunciato un'espansione di 5.000 metri del suo programma di perforazione a diamante invernale presso il Moss Gold Project in Ontario, portando il totale del programma a 20.000 metri. L'espansione avviene mentre il programma attuale si avvicina al completamento e sotto budget.
La perforazione aggiuntiva si concentrerà su due obiettivi principali: espandere le risorse nella porzione sud-ovest del deposito perforando sotto l'attuale cava concettuale, e colmare il divario tra le cave Southwest e Moss Main. I recenti risultati del foro di perforazione MMD-24-139 hanno mostrato intersezioni promettenti di 20.55m a 2.58 g/t Au, inclusi 14.7m a 3.52 g/t Au a una profondità di 458.15m.
L'azienda crede che questo programma espanso potrebbe migliorare significativamente l'attuale Stima delle Risorse Minerarie, influenzando positivamente le performance economiche del progetto.
Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) ha anunciado una expansión de 5,000 metros de su programa de perforación de diamantes invernales en el Moss Gold Project en Ontario, llevando el total del programa a 20,000 metros. La expansión se produce a medida que el programa actual se acerca a su finalización y bajo presupuesto.
La perforación adicional se centrará en dos objetivos principales: expandir el recurso en la porción suroeste del depósito perforando debajo de la actual mina conceptual, y cerrar la brecha entre las minas Southwest y Moss Main. Los resultados recientes del agujero de perforación MMD-24-139 mostraron intersecciones prometedoras de 20.55m a 2.58 g/t Au, incluyendo 14.7m a 3.52 g/t Au desde una profundidad de 458.15m.
La empresa cree que este programa expandido podría mejorar significativamente la actual Estimación de Recursos Minerales, impactando positivamente el rendimiento económico del proyecto.
Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF)는 온타리오의 Moss Gold Project에서 겨울 다이아몬드 드릴링 프로그램을 5,000미터 확장한다고 발표했습니다. 이를 통해 총 프로그램 길이는 20,000미터에 달하게 됩니다. 이번 확장은 현재 프로그램이 예산 내에서 완료될 무렵에 이루어집니다.
추가 드릴링은 두 가지 주요 목표에 집중될 것입니다: 현재 개념적 오픈핏 아래에서 자원을 확장하는 것과 Southwest와 Moss Main 갭을 메우는 것입니다. 최근 MMD-24-139 드릴 홀에서 20.55m at 2.58 g/t Au의 유망한 교차점을 보여주었으며, 14.7m at 3.52 g/t Au는 458.15m 깊이에서 발견되었습니다.
회사는 이 확장된 프로그램이 현재 광물 자원 추정치를 크게 향상시킬 수 있으며, 프로젝트의 경제적 성과에 긍정적인 영향을 미칠 것이라고 믿고 있습니다.
Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) a annoncé une extension de 5 000 mètres de son programme de forage diamanté hivernal au Moss Gold Project en Ontario, portant le programme total à 20 000 mètres. L'extension intervient alors que le programme actuel approche de son achèvement et est en dessous du budget.
Le forage supplémentaire se concentrera sur deux objectifs principaux : élargir la ressource dans la partie sud-ouest du gisement en forant sous la fosse conceptuelle actuelle, et combler l'écart entre les fosses Southwest et Moss Main. Les résultats récents du trou de forage MMD-24-139 ont montré des intersections prometteuses de 20.55m à 2.58 g/t Au, y compris 14.7m à 3.52 g/t Au à une profondeur de 458.15m.
L'entreprise estime que ce programme élargi pourrait améliorer considérablement l'estimation actuelle des ressources minérales tout en ayant un impact positif sur la performance économique du projet.
Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) hat eine Erweiterung seines Winter-Diamantbohrprogramms um 5.000 Meter beim Moss Gold Project in Ontario angekündigt, wodurch das Gesamtprogramm auf 20.000 Meter anwächst. Die Erweiterung erfolgt, während das aktuelle Programm kurz vor dem Abschluss und unter Budget steht.
Die zusätzliche Bohrung wird sich auf zwei Hauptziele konzentrieren: die Ressource im Südwesten des Vorkommens durch Bohrungen unterhalb der aktuellen konzeptionellen Tagebaugrube zu erweitern und die Lücke zwischen den Gruben Southwest und Moss Main zu schließen. Jüngste Ergebnisse aus dem Bohrloch MMD-24-139 zeigten vielversprechende Schnittstellen von 20.55m bei 2.58 g/t Au, einschließlich 14.7m bei 3.52 g/t Au aus einer Tiefe von 458.15m.
Das Unternehmen ist der Meinung, dass dieses erweiterte Programm die aktuelle Mineralressourcenschätzung erheblich verbessern könnte, während es sich positiv auf die wirtschaftliche Leistung des Projekts auswirkt.
- Drilling program completing well under budget, demonstrating cost efficiency
- Significant gold intersections: 20.55m at 2.58 g/t Au, including 14.7m at 3.52 g/t Au
- Potential to significantly expand mineral resource estimate with minimal additional drilling
- None.
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2025) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company"), is pleased to announce a 5,000-meter expansion of its winter diamond drilling program at its
Due to the successful results and cost-effective execution of the ongoing drilling program, which is nearing completion well under budget, Goldshore is adding an additional 5,000 meters of drilling bringing the total winter diamond drilling program to 20,000 meters. The additional meters will be focused on the following:
Expanding the resource at the southwest portion of the deposit by drilling underneath the current conceptual open pit, following up on drill hole MMD-24-139 which intersected 20.55m of 2.58 g/t Au from 458.15m, including 14.7m of 3.52 g/t Au, and
Closing the gap between the Southwest and Moss Main pits (Figure 1). The Company believes this program has the potential to add significantly to the current Mineral Resource Estimate with a minimal amount of additional drilling and positively impact the economic performance of the project.
Michael Henrichsen, CEO of Goldshore commented, "We're very pleased to expand our existing program, fueled in part by efficiencies from our ongoing work, as this will allow us to focus on drilling in the Southwest deposit with the objective to deepen the Southwest open-pit resource to the same depths of the Main-QES pit."
Figure 1: Illustrates the focus of expanding the resource beneath the Southwest pit to the equivalent depth of the Main-QES pit.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/247874_41864315741f88fc_002full.jpg
Qualified Person
Peter Flindell, PGeo, MAusIMM, MAIG, Vice-President, Exploration, of the Company, and a qualified person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release.
Mr. Flindell has verified the data disclosed. To verify the information related to the winter drill program at the Moss Gold Project, Mr. Flindell has visited the property several times; discussed and reviewed logging, sampling, bulk density, core cutting and sample shipping processes with responsible site staff; discussed and reviewed assay and QA/QC results with responsible personnel; and reviewed supporting documentation, including drill hole location and orientation and significant assay interval calculations. He has also overseen the Company's health and safety policies in the field to ensure full compliance, and consulted with the Project's host indigenous communities on the planning and implementation of the drill program, particularly with respect to its impact on the environment and the Company's remediation protocols.
About Goldshore
Goldshore is a growth-oriented gold company focused on delivering long-term shareholder and stakeholder value through the acquisition and advancement of primary gold assets in tier-one jurisdictions. It is led by the ex-global head of structural geology for the world's largest gold company and backed by one of Canada's pre-eminent private equity firms. The Company's current focus is the advanced stage
For More Information - Please Contact:
Michael Henrichsen
President, Chief Executive Officer and Director
Goldshore Resources Inc.
E: mhenrichsen@goldshoreresources.com
W: www.goldshoreresources.com
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Cautionary Note Regarding Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-Looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-Looking statements in this news release include, among others, statements relating to expectations regarding the exploration and development of the Moss Gold Project; the potential mineralization at the Moss Gold Project based on the winter drill program, including the potential for additional mineral resources; the enhancement of the Moss Gold Project; statements regarding the Company's future drill plans, including the expected benefits and results thereof; that the Superion target has the potential to significantly add to the current mineral resource estimate within the top 200 meters from surface with continued drilling and to reduce the overall strip ratio of the deposit; the potential for resource growth at Moss and the fact that the results have the potential to significantly impact the economic performance of the deposit moving forward; the potential for a much larger mineralized system and that it will be pursued in the near future through additional drilling; and other statements that are not historical facts.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: uncertainty and variation in the estimation of mineral resources; risks related to exploration, development, and operation activities; exploration and development of the Moss Gold Project will not be undertaken as anticipated; the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; the economic performance of the deposit may not be consistent with management's expectations; the Company's exploration work may not deliver the results expected; the fluctuating price of gold; unknown liabilities in connection with acquisitions; compliance with extensive government regulation; delays in obtaining or failure to obtain governmental permits, or non-compliance with permits; environmental and other regulatory requirements; domestic and foreign laws and regulations could adversely affect the Company's business and results of operations; risks related to natural disasters, terrorist acts, health crises, and other disruptions and dislocations; global financial conditions; uninsured risks; climate change risks; competition from other companies and individuals; conflicts of interest; risks related to compliance with anti-corruption laws; the Company's limited operating history; intervention by non-governmental organizations; outside contractor risks; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company's securities, regardless of its operating performance; the Superion target may not add to the current mineral resource; and other risks associated with executing the Company's objectives and strategies as well as those risk factors discussed in the Company's continuous disclosure documents filed under the Company's SEDAR+ profile at www.sedarplus.ca.
The forward-looking information in this news release is based on management's reasonable expectations and assumptions as of the date of this news release. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding: the future price of gold; anticipated costs and the Company's ability to fund its programs; the Company's ability to carry on exploration, development and mining activities; prices for energy inputs, labour, materials, supplies and services; the timing and results of drilling programs; mineral resource estimates and the assumptions on which they are based; the discovery of mineral resources and mineral reserves on the Company's mineral properties; the timely receipt of required approvals and permits; the costs of operating and exploration expenditures; the Company's ability to operate in a safe, efficient, and effective manner; the Company's ability to obtain financing as and when required and on reasonable terms; that the Company's activities will be in accordance with the Company's public statements and stated goals; that the Superion target will add to the current mineral resource; that the Company's exploration work will deliver the results expected; and that there will be no material adverse change or disruptions affecting the Company or its properties.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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FAQ
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