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Gold X2 Mining Inc. reports exploration and project-development updates for its 100%-owned Moss Gold Project in northwest Ontario, Canada. Company news centers on gold drilling, assay results, resource expansion and conversion work, and mineralized zones such as QES and Superion within and around the project's RPEEE pit shell.
Recurring updates also cover NI 43-101 technical reporting for the Moss preliminary economic assessment, annual Canadian disclosure documents, surface exploration along mineralized trends, geophysical and geochemical survey work, and management or sustainability appointments tied to advancing the project through permitting, community engagement, and environmental planning.
Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) has announced new assay results from its ongoing 15,000-meter drill program at the Moss Gold Project in Northwest Ontario. The latest results show significant mineralization extension, with hole MMD-24-139 intercepting 20.55m of 2.58 g/t Au from 458.15m, extending gold mineralization 150 meters below the conceptual open pit resource.
The winter drill program aims to expand the current resource model by extending mineralization within the top 100-200 meters from surface and demonstrating potential growth outside the current mineral resource estimate. Multiple drill holes, including MMD-24-135, MMD-24-138, and MMD-24-139, have successfully extended mineralized shears toward the surface in the Southwest Zone, with various notable gold intercepts.
The drilling program focuses on infilling gaps within the current model and testing the up-dip potential of lower-grade shear zones. Results demonstrate potential for resource expansion at higher grades in the southwest area of the Moss deposit.
Goldshore Resources has announced significant results from its 15,000-meter drill program at the Moss Gold Project in Northwest Ontario. The first three holes have successfully demonstrated mineralization expansion within the top 100-200 meters from surface, with notable results including:
The first hole (MMD-24-133) yielded 79.0m of 1.28 g/t Au from 27.0m depth, including several high-grade shear zones. The second hole (MMD-24-134) extended mineralization above known resources with intercepts of 21.85m of 0.66 g/t Au from 4.5m depth.
These results will enable modeling of mineralized shear zones to surface in areas currently modeled as waste, potentially adding approximately 75 meters to the Southwest Zone mineralized shear corridor's width. The ongoing winter drill program aims to add ounces to the current resource model and potentially reduce the strip ratio of the deposit.
CEO Michael Henrichsen noted that these results could enhance the project's economic performance by adding to the ounce production profile in the initial years of mine life. The current PEA being completed by G Mining Services represents a conservative case as it won't include winter drill program results.
Goldshore Resources has initiated its winter exploration program at the Moss Gold Project in Ontario, Canada. The program consists of three main components: a 15,000-meter diamond drill program targeting resource expansion in the top 200 meters from surface, top-of-bedrock sonic drilling, and ground-based induced polarization geophysics.
The diamond drilling focuses on areas within the conceptual open pit defined by the current mineral resource estimate. The sonic drill and geophysical programs aim to develop discovery-focused drill targets along 23 kilometers of prospective structural corridors that share similar characteristics to the Moss Deposit structure.
Goldshore Resources announces key personnel changes to strengthen its technical and financial capabilities. David Stone, a mining engineer with 40+ years of experience, joins the Board of Directors, replacing Brandon Macdonald. Sam Gibson, a finance professional with over a decade of experience in resource-focused institutional sales, is appointed as Vice President of Corporate Development. The company also granted 6,950,000 stock options at $0.38 per share and 2,637,500 restricted share units to directors, officers, employees, and consultants.
Goldshore Resources has awarded contracts for its winter exploration programs at the Moss Gold Project. The company plans a 15,000-meter diamond drilling program focusing on expanding mineral resources within the top 200 meters from surface of the conceptual open pit. Laframboise Drilling and Forages Technic-Eau will conduct drilling operations, while Abitibi Geophysics will handle geophysical surveys. The exploration includes a discovery-focused program covering 23 kilometers of prospective structural corridors, featuring up to 200 sonic drill holes and extensive geophysical surveys. A Preliminary Economic Assessment is scheduled for Q1 2025.
Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) has announced plans for a discovery-focused winter exploration program aimed at defining drill targets along 23 kilometers of prospective structural corridors near the Moss Deposit. The program will include:
1. Geochemical sampling using a light sonic drill rig to sample the top of bedrock on 50-100 meter centers along 400-800 meter spaced lines.
2. Geophysical surveys consisting of a 40-line-kilometer pole-dipole IP survey over the Moss Deposit and a 235-line-kilometer gradient array survey across the prospective corridors.
The exploration will focus on areas with extensive till and muskeg cover, which have not been systematically explored before. The company aims to have drill-ready targets by 2025, with drilling planned for the winter season of 2025-2026.
Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) has announced positive assay results from its 2024 field programs, focusing on extending mineralization along the Moss trend and evaluating the Kawa trend. Key findings include:
1. Discovery of high-grade mineralized areas north of the Moss Deposit, with grab assays of 15.4 g/t Au and 10.5 g/t Au.
2. A new mineralized shear near the Southwest Zone, returning a surface assay of 12.3 g/t Au.
3. Expanded mineralized intercepts at Moss Nose and Kawa prospects, with values up to 7.88 g/t Au over 0.65m.
4. Mineralization identified over 4.5km along the Kawa trend, with channel samples returning 0.92 g/t over 2.85m.
The company plans further exploration, including top of bedrock sampling and geophysical surveys, to develop robust drill targets along the 23 km of prospective structural corridors in the Moss Deposit area.
EarthLabs Inc. has released Episode 2 of EarthLabs Expeditions, an innovative reality documentary series focusing on the junior mining and exploration industry. This episode features Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF), showcasing their Moss Gold Project in Thunder Bay, Ontario. The series, hosted by Jonathan Brazeau, offers an unscripted, behind-the-scenes look at mineral exploration projects.
Goldshore Resources is advancing a large-scale gold project in a tier-one jurisdiction with excellent infrastructure. The company is backed by strategic investors and is progressing with exploration, permitting, PEA, and environmental studies as global gold demand rises and prices reach new highs.
EarthLabs Expeditions is to 10 episodes per year, highlighting companies with significant discoveries and compelling stories. The series aims to provide a raw, authentic view of the junior mining industry beyond typical corporate presentations.
Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) has identified resource expansion targets at the Moss Deposit, potentially increasing the gold ounce profile and reducing the strip ratio. The current resource stands at 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au. Five targets have been defined within the top 200m from surface, representing three expansion strategies:
- Strategic infill drilling
- Lateral extension of known mineralized shear zones
- Extending deep mineralized shear zones towards the surface
The company is finalizing a 15,000-meter drilling program to test these targets, aiming to expand the Mineral Resource Estimate (MRE) and potentially improve the deposit's economic performance.
Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) has reported drill results from its summer program and provided a corporate update. Key highlights include:
1. Identification of a fault along the western edge of the Moss Gold Deposit, allowing focused exploration to expand the deposit westward.
2. Progress on the Preliminary Economic Assessment (PEA) with G Mining Services, including site visit and mineral resource model confirmation.
3. Strong share price performance, outperforming the GDXJ by 155% since February 6, 2024.
4. Significant insider support with approximately 6 million shares acquired in the open market from May to July 2024.
5. Scout drilling results from the Boundary Zone and Southwest Extension, providing valuable information for future exploration efforts.