Goldshore Resources Inc. announced the first assay results from its 15,000 meter drill program at the Moss Gold Project in Northwest Ontario, Canada. The primary goal of the winter drill program is to add ounces to the current resource model by extending mineralization in the top 100 - 200 meters from surface within the conceptual open pit, effectively converting waste rock to prospective mineable material and potentially reducing the strip ratio of the deposit. Highlights: Results from the first hole (MMD-24-133), drilled to infill a gap in the resource model at the eastern end of the Southwest Zone under Snodgrass Lake, has expanded the width and increased the grade in a number of mineralized shears in the Southwest Zone with a combined intercept of 79.0m of 1.28 g/t Au from 27.0m, including several discrete higher-grade shear zones: 2.0m of 8.61 g/t Au from 27.0m and 32.3m of 1.73 g/t Au from 42.7m, including 16.25m of 2.95 g/t Au from 47.3m.
22.0m of 1.19 g/t Au from 84.0m, including 10.0m of 2.13 g/t from 87.0m. Hole MMD-24-134 was also drilled to infill a gap in the resource model at the eastern end of the Southwest Zone under Snodgrass Lake. Mineralization was extended above the known resource with intercepts of: 21.85m of 0.66 g/t Au from 4.5m, including 7.75m of 1.36 g/t Au from 5.0m.
12.0m of 0.90 g/t Au from 137.0m. These results will allow for the modelling of mineralized shear zones to surface and into volumes that are currently modelled as waste. The deeper intercepts also add approximately 75 meters to the overall width of the Southwest Zone mineralized shear corridor.
Drilling at the Southwest Zone aims to add to the mineral resource by infilling gaps within the current model created by sparse drilling. Drilling at shallow depths of 100 - 200 meters will allow for mineralized shear zones to be extended to the surface. Drilling at depths of 200 to 400 meters will allow the expansion of the open pit resource to a similar depth as the Main-QES pit that are approximately 500 meters deep.
Two holes (MMD-24-133 and MMD-24-134) were drilled along the western edge of Snodgrass Lake to further delineate the trend of the high-grade core shears and to test the up-dip potential of lower grade marginal shear zones. Hole MMD-24-133 intersected several closely spaced, high-grade shears hosting quartz- carbonate veinlets with up to 2-3% pyrite±chalcopyrite within a strongly hematite-albite and silica- sericite-pyrite altered granodiorite intrusion along the contact of a more competent porphyritic diorite. Results were wider and higher grade than suggested in the resource model with 79.0m of 1.28 g/t Au from 27.0m, including 32.3m of 1.73 g/t Au and 22.0m of 1.19 g/t Au.
These results are top cut with a cap at 30 g/t Au, which only impacted a 1.2m veined shear assaying 34.8 g/t Au. The hole then transitions into weaker shearing and mineralization within silica-sericite and epidote-chlorite altered diorite intrusions with lower grade intercepts, such as 12.0m of 0.57 g/t Au from 158.0m depth. Hole MMD-24-134 collared into the same mineralized and sheared altered granodiorite intrusion yielding grade intercepts such as 21.85m of 0.66 g/t Au from 4.5m depth, including 7.75m of 1.36 g/t Au.
The hole quickly transitions into the wide multi-stage silica-sericite and epidote-chlorite altered diorite intrusion package, as seen in MMD-24-133, yielding broad lower grade intercepts such as 32.15m of 0.36 g/t Au from 84.85m and 12.0m of 0.90 g/t Au from 137.0m. Both deeper intercepts in MMD-24-133 and -134 represent new mineralized shears not previously included in the current resource model that will potentially add to the overall width of the shear corridor by approximately 75 meters. Hole MMD-24-136 was drilled underneath Snodgrass Lake from a peninsula along the southeastern shore to properly identify the southeastern limit of the Southwest Zone.
The hole encountered varying andesitic and dacitic volcanics before intersecting the diorite package at the end of the hole. The diorite is weakly sheared with pervasive sericite-silica alteration similar to that encountered towards the end of the previous two holes and is weakly mineralized yielding an intercept of 8.8m of 0.39 g/t Au from 218.0m depth. The hole was terminated as the remaining zone had been previously drilled from the southwestern side of the lake.
The ongoing drill program continues to infill wide-spaced drilling gaps within the Southwest Zone, improving the understanding of the controls on mineralization with the aim of growing it into a larger, more continuous mineralized domain, like that of the Main and QES zones. This includes drilling at 200 to 400 meters depth to test mineralization that may extend the mineral resource and enable the pit to extend to a similar depth as the Main-QES pit (approx. 500 meters).
Winter temperatures have been sufficient to allow access to the muskeg-covered, northern portion of the QES zone and the Company is also commencing ice making activities on Snodgrass Lake. Both are high priorities for the current drill campaign, as they have not been drill-tested by Goldshore and have limited historical exploration drilling completed. As a result, there are significant volumes within the current conceptual open pit that are modelled as waste but have the potential to contain shear-hosted gold mineralization, which in turn, has the potential to add ounces to the current mineral resource estimate.