Goldshore Resources Inc (TSX-V:GSHR, OTCQB:GSHRF) has announced assay results from previously unsampled historic drill core at its Moss Lake Project in Ontario.
The company said it retrieved historical core that remains where the drill collars have previously been recovered and accurately surveyed. Prior operators selectively sampled core that fits with the model used at the time, however, this core is now being relogged and sampled by Goldshore.
The company noted that that presents it with an opportunity to generate significant results without new drilling, particularly in the holes that coincide with its identified targets.
READ: Goldshore Resources hails encouraging assay results from ongoing drill program at Moss Lake Project
Specifically, sampling of new sections of two historic drill holes at the QES Zone have increased the width and grade of gold mineralization. Intercepts include 104.2 meters (m) of 1.04 grams per ton (g/t) of gold from 422m, including 19.4m at 2.66 g/t gold from 458.6m.
Sampling has also identified a new southern parallel zone that was previously unrecognized. That found 9.3m at 1.28 g/t gold from 244.6m depth, including 0.9m at 10.95 g/t from 253m, 0.9m at 10.95 g/t gold from 253m, 0.9m at 35.7 g/t gold from 271.65m and 78.45m at 0.35 g/t gold from 331.55m.
"All of the work we have conducted at Moss Lake, whether new drilling results or sampling and analysis of the historic drilling, all indicates that the extent of mineralization is far greater than the footprint of the historical resource,” Goldshore CEO Brett Richards said in a statement.
“These results indicate yet another parallel zone of mineralization not previously identified and will provide new high-quality drill targets in the future; as well as meaningful data when conducting the resource estimation," he added.
Ultimately, gold mineralization at Moss Lake is wider than previously believed and contains additional higher-grade structures beyond that defined by historic drilling, the company said. Step back drilling of the QES Zone has begun to determine the extent of the new parallel zones south of the QES Zone.
Additionally, several additional holes have been identified as having unsampled intervals within mineralized drill core. Historical core archives are being reexamined to locate, identify, and recover drill core for further infill sampling.
"These drill results confirm our contention that previous explorers did not assess the full scale of gold mineralization at Moss Lake,” Goldshore VP of Exploration Pete Flindell said. “As such, Moss Lake holds significant potential to be a larger gold system. Our assessment of historic drill core will continue in parallel with our 100,000-meter drill program."
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