Goldshore Resources Inc. announced gold assay results from hole MMD-21-007, which continues to demonstrate gold mineralization from the Main Zone of the Moss Lake Gold Deposit in Northwest Ontario, Canada. Significantly, the results suggest a new parallel zone to the southeast that has not been previously tested. MMD-21-007 was drilled at -65° beneath MMD-21-005, which was reported by the Company on December 8, 2021.

It drilled through a massive diorite intrusion emplaced within a NE-striking and steeply SE-dipping sequence of intermediate to mafic lavas and felsic to intermediate volcaniclastic rocks. The hole intercepted a second massive diorite intrusion at the end of the hole which it did not fully penetrate. This looks to be a previously untested parallel zone.

MMD-21-007 intersected the underground workings from 74.25 to 80.0 meters. The void separates two high grade intercepts of 36.75m @ 1.75 g/t Au from 37.5m and 8.0m @ 1.35 g/t Au from 80.0m, suggesting that they are a single high-grade intercept that is 50.5 meters long downhole. The drill hole intersected a second high-grade zone with two parts, including 11.0m @ 1.23 g/t Au from 242.0m and 37.0m @ 1.09 g/t Au from 268.0m.

These mineralized zones are predominantly associated within areas of pervasive moderate to strong sericite-silica alteration overprinted by weak hematite-chlorite-carbonate alteration within the main diorite body. These are often shouldered by less mineralized zones of weak to moderate epidote alteration and veining. In addition to several narrow high-grade zones, MMD-21-007 intersected 32.0m @ 1.55 g/t Au from 769m associated with the newly recognized parallel body of altered diorite.

This zone would extend up-dip beyond the end of MMD-21-005, suggesting that mineralization is potentially 200 meters (48%) wider than the modelled width of approximately 420 meters. It also shows that the mineralized structures extend much deeper than the modelled volume. Goldshore note that MMD-21-006 was delayed by drilling problems. Results are expected for this hole, as well as MMD-21-008 and MQD-21-009 in the coming weeks.