Goldshore Resources – Exploration Update And Discovery Of New Parallel Zone At Moss Lake
Brett Richards, President and CEO of Goldshore Resources (TSX.V:GSHR – OTCQB:GSHRF) joins us to unpack the recent exploration results from the ongoing 100,000 meter drill program at Moss Lake Gold Project in Ontario. We start off by reviewing the long intercept headline hole which returned 128.3m at 1.05 g/t Au from 121.3m, including 40.6m at 1.99 g/t Au from 139.4m. In addition, we discussed the discovery of a new parallel zone that intersected 16.0m at 5.31 g/t Au from 477.0m, including 5.25m at 15.8 g/t Au from 477.75m. We also discuss the potential for growth at other regional satellite areas of of eology near the prior producing North Coldstream Mine, at the East Coldstream, North Coldstream, Iris Lake, and Hamlin Lake targets.
Brett feels these kinds of results point to the continuity of the deposit with many long intercepts from 50 to 130 meters and an average grade over 1 g/t gold at Moss Lake. We get Brett to unpack why these are very economic grades in a project with roughly 4 million ounces of gold in all categories, and how this is the kind of a project that larger mining companies want to see; and what the company strategy is for development and the potential shopping of the project to larger producers once the resource estimate is updated in January of 2023, and a the Preliminary Economic Assessment is put out by the end of Q1 next year.
Please email us with any follow up questions for Brett regarding Goldshore Resources. Our email addresses are Fleck@kereprot.com and Shad@kereport.com.