Goldshore Resources Inc (TSX-V:GSHR, OTCQB:GSHRF) has announced encouraging assay results from its ongoing 100,000-meter (m) drill program at the Moss Lake Project in Northwest Ontario, Canada.
The company said results for four holes that tested the previously undrilled eastern extension of the Southwest Zone show that mineralization is continuous in several structurally-controlled zones. The Southwest Zone remains open in both the east and west directions.
“We are excited to continue to deliver consistent drilling results. I am encouraged about the high-grade sections we are seeing and have shared previously with the market, as this will provide optionality when we model the resource later in the year and start to look at economic pit shells,” Goldshore president and CEO Brett Richards said in a statement. “With this step-out hole from historically drilled areas at Moss Lake, it will further increase the optionality.”
WATCH: Goldshore Resources work at Moss lake Project yields more high-grade gold results
These holes intersected several broad zones of low-grade mineralization within the altered diorite intrusion host. Examples include 61.85m at 0.84 grams per ton (g/t) gold (Au) from 440.25m in MMD-22-023; 124.9m at 0.48 g/t Au from 95.1m in MMD-22-027; 64.3m at 0.61 g/t Au from 15.5m and 82.5m at 0.66 g/t Au from 91.95m in MMD-22-031; and 137.65m at 0.37 g/t Au from 184.75m in MMD-22-035 among several 10m-20m wide zones of low-grade gold mineralization throughout all holes, the company said.
All of these low-grade zones occur as envelopes to higher-grade structures. An analysis of oriented core by structural geologist, Dr Brett Davis, confirmed that these form a three-dimensional, anastomosing shear network that has developed in response to strain on the altered diorite intrusion. Results include the broad zones of +1 g/t Au mineralization shown in the highlights (eg, 39.75m at 1.18 g/t Au from 440.25m in MMD-22-023) and several narrow high-grade intervals, including 0.8m at 33.3 g/t Au from 462.2m in MMD-22-023; 0.3m at 14.3 g/t Au from 172.3m in MMD-22-027; and 0.65m at 15.5 g/t Au from 167.35m in MMD-22-031, it added.
“These drill results confirm the potential of the Moss Lake Gold Project. Drilling to test potential expansions to these parallel zones of mineralization will continue into the end of the year," said Pete Flindell, VP Exploration.
The Moss Lake Gold Project lies about 100 kilometres west of the city of Thunder Bay, Ontario, covers 14,292 hectares and consists of 282 unpatented and patented mining claims.
Contact the author at jon.hopkins@proactiveinvestors.com