Goldshore Resources Inc (TSX-V:GSHR, OTCQB:GSHRF) has announced assay results from the ongoing 100,000-meter (m) drill program at its Moss Lake project in northwest Ontario, which included 192.75m of 1.02 grams per tonne (g/t) gold from 94.5m.
The emerging junior gold development company said poorly surveyed drill sections in the Main Zone have confirmed higher-grade gold mineralization within a large volume of well-mineralized diorite.
“As we have been discussing for some time, the continued results of intersecting wide zones of +1 g/t Au (gold) mineralization underpin our belief that the Moss Lake Deposit has potential to develop an initial high-grade phase 1 open pit within the larger low-grade open pit operation,” Goldshore Resources CEO Brett Richards said in a statement.
READ: Goldshore Resources hits more high-grade gold at its Moss Lake project in Ontario
“It can be seen that the projected grade shell of +1.0 g/t Au is significant at this early stage, and we will look to further explore these high grade areas, as we continue with our program,” Richards added.
Goldshore noted that results have been received for five holes that have infilled areas of the Main Zone, which are between sections drilled by historic holes with collar survey problems and will replace the low-confidence historic holes in the upcoming resource model update.
Goldshore Resources is an emerging junior gold development company that owns the Moss Lake gold project located in Ontario.
Contact Sean at sean@proactiveinvestors.com