Goldshore Resources Inc (TSX-V:GSHR, OTCQB:GSHRF) has announced assay results from hole MMD-21-008 at its Moss Lake Gold Deposit in northwest Ontario, which included 59 metres (m) of 6.3 grams per tonne (g/t) gold from 103.3m as well as 9.3m of 8.8 g/t gold from 139.9m.
The company said the results continue to confirm gold mineralization at the Moss Lake deposit.
“These drill results continue to confirm our belief that our aggressive drilling campaign will increase the tonnes and grade over the historic Mineral Resource model through the careful definition of discrete high-grade structures and expansion of the bulk tonnage volume,” Goldshore Resources CEO Brett Richards said in a statement.
READ: Goldshore Resources reports continuing broad zones of gold mineralization from drilling at Moss Lake Gold Deposit
“We have also introduced a second drill contractor to the project and are moving towards having 5 to 7 rigs active over the summer,” Richards added.
Goldshore noted that three high-grade zones in MMD-21-008 present a compelling new target style, which the company is pursuing with on-going drilling.
Peter Flindell, vice president exploration at Goldshore said: “This drill hole intersected five separate intervals exceeding 20 g/t gold, which for the first time has shown the positive impact of very high grades on the broad volumes of mineralization we are drilling.”
The Moss Lake Gold Project is located approximately 100 kilometers (km) west of the city of Thunder Bay, Ontario. It is accessed via Highway 11 which passes within 1 km of the property boundary to the north. The Project covers 14,292 hectares and consists of 282 unpatented and patented mining claims.
Contact Sean at sean@proactiveinvestors.com