Goldshore Resources Inc (TSX-V:GSHR, OTCQB:GSHRF) has announced that drilling has commenced in the Coldstream region at its Moss Lake project, located approximately 100 km west of the city of Thunder Bay, Ontario.
The Vancouver, British Columbia-based junior gold development company revealed that two drill rigs have been mobilized in the Coldstream area, out of the seven drill rigs currently operating on the company's large land package at Moss Lake.
In a statement, Goldshore Resources CEO Brett Richards said: "We are pleased to announce commencement of drilling in the Coldstream region. In the coming weeks, we will lay out the drill plan for the market to follow with our progress as we step out and infill at Moss Lake, and illustrate our progress in the Coldstream region, as well as commencing drilling in the other key targets within our land package."
READ: Goldshore Resources says its drill program has extended the resource at Moss Lake gold project
Goldshore noted that the two rigs have been mobilized to evaluate gold mineralization at East Coldstream and copper-gold-cobalt mineralization at North Coldstream.
The company said it plans to issue a “drill plan for the next several months, indicating the locations of step out drilling and infill drilling at the Moss Lake project,” as well as the key targets identified at East Coldstream, North Coldstream, Iris Lake and Hamlin.
Meanwhile, Goldshore's vice president for exploration Pete Flindell said: "Drilling has commenced at East and North Coldstream to evaluate historic drill holes, understand the controls on mineralization, test for higher grade shoots within the two deposits and explore for strike extensions to the known mineralized zones.”
“We look forward to seeing the results in the coming months," he added.
The Moss Lake gold project covers 14,292 hectares and consists of 282 unpatented and patented mining claims. Moss Lake hosts a number of gold and base metal rich deposits, including the Moss Lake Deposit, the East Coldstream Deposit, the historically producing North Coldstream Mine, and the Hamlin Zone, all of which occur over a mineralized trend exceeding 20 kilometers in length.
Wesdome Gold Mines Ltd (TSX:WDO) is currently a strategic shareholder of Goldshore with an approximate 27% equity position in the company.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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