Goldshore Resources – Reviewing The Recent Maiden Resource Estimate And Ongoing 100,000 Meter Drill Program
Brett Richards, President and CEO of Goldshore Resources (TSX.V:GSHR – OTCQB:GSHRF), joins us to review the Maiden Resource Estimate (MRE) and ongoing 100,000 meter drill program at the Moss Lake Gold Project in Ontario. The key metrics of the MRE come in at 121.7 Million tonnes at 1.1 g/t gold and with a contained gold resource of 4.17 Million ounces at the Moss Lake deposit. 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. In addition, there are 800,000 ounce of gold at East Coldstream in a historic resource estimate, giving the company near 5 million ounces of total gold resources.
This resource estimate at Moss Lake, which was announced on November 15th, included 48 holes from its 2021 and 2022 drilling campaign, but the exploration team has drilled an additional 52 holes that are not included in the MRE because assays have not been received to date. Brett points out that the company has honed in on the 2.2 million ounces of higher-grade material near 2 g/t gold, and is continuing to drill out and expand this area, with plans to continue drilling 3,000-4000 meters per month for the next few months.
The plan is to put out another updated resource estimate in Q1 2023, incorporating all the additional drilling, followed by the Preliminary Economic Assessment after that. We discussed the ongoing met testing and other derisking work the company is undertaking as they continue growing the deposit and preparing to wrap some economics around it 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.