Goldshore Resources Inc. provided an update on resource expansion targets at the Moss Deposit, indicating potential for an increase in the current resource of 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au. These expansion targets offer the opportunity to improve the ounce profile and reduce the strip ratio, ultimately enhancing project economics.
The identified targets are strategically located within the top 200m from the surface, either within or adjacent to the conceptual open pit shell defined in the Company’s current mineral resource estimate. There are five targets that have been defined, representing three pathways for mineral resource expansion, as outlined below:
1. Strategic infill to increase drill density in locations where mineralized drill intercepts are currently too widely spaced.
2. Extending known mineralized shear zones laterally along strike.
3. Extending mineralized shear zones intersected at depth towards the surface where no shallow drilling has occurred.
The Company’s CEO, Michael Henrichsen, expressed satisfaction with the delineated Expansion Targets, highlighting the potential to add ounces to the Moss Deposit and reduce the strip ratio. The Company is finalizing a conceptual program of approximately 15,000 meters aimed at testing the Expansion Targets with the goal of expanding the mineral resource estimate within the top 200m, increasing drill density, and reducing the strip ratio within the conceptual open pit.
Additionally, detailed information on specific targets such as Superion, QES Up, Southern Main, Southwest Infill, and QES extension were provided, each with a unique focus on increasing the mineral resource in targeted areas of the Moss Deposit.
It is important to note that mineral resources without mineral reserves do not have demonstrated economic viability. The Company’s qualified person, Peter Flindell, has approved the scientific and technical information presented in this update.
Goldshore Resources Inc. is a gold company focused on delivering long-term shareholder and stakeholder value through the acquisition and advancement of primary gold assets in tier-one jurisdictions. The Company’s current focus is on the advanced Moss Gold Project in Ontario, Canada, which has a substantial mineral resource estimate and potential for future expansion.
Please visit the Company’s SEDAR+ profile and website for more information, and refer to the original source of this press release for verification and additional details.
