Business
Goldshore Adds More High-Grade Shears at the Southwest Zone; Intersects 3.25 g/t Au over 13.05m and 3.88 g/t over 5.6m
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2023) - Goldshore Resources Inc. (TSXV:...
About this update from Gold X2 Mining Inc.
[{"type":"text","content":"Goldshore Adds More High-Grade Shears at the Southwest Zone; Intersects 3.25 g/t Au over 13.05m and 3.88 g/t over 5.6mVancouver, British Columbia--(Newsfile Corp. - April 25, 2023) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (\"Goldshore\" or the \"Company\"), is pleased to announce assay results from its 100,000-meter drill program at the Moss Gold Project in Northwest Ontario, Canada (the \"Moss Gold Project\" or \"Moss Gold Deposit\"). Highlights:Results from nine holes drilled to infill poorly tested parts of the Southwest Zone have delineated multiple high-grade structures within the broader mineralized envelope with best intercepts of:1.47 g/t Au over 16.9m from 375.3m depth in MMD-22-111, including3.88 g/t over 5.6m from 386.0m1.34 g/t Au over 37.0m from 400.85m depth in MMD-23-116, including3.25 g/t Au over 13.05m from 405.55m1.63 g/t Au over 14.0m from 409.0m depth in MMD-23-118A1.97 g/t Au over 10.95m from 157.0m depth in MMD-23-119Drill results prove that the Southwest Zone is a continuation of the Main Zone and not a fault offset as previously interpreted. Mapping and geophysical data, together with historical scout drilling, show that mineralization continues intermittently for another 3 kilometers to the southwest and that many of the better targets are yet to be drilled.With drilling recently completed, the Company is preparing an updated mineral resource expected in May (\"May 2023 MRE\"). The May 2023 MRE will use data from an additional 72 holes compared to the November 2022 mineral resource estimate (\"November 2022 MRE\"). Mineralization in the resource area remains open in multiple directions. President and CEO Brett Richards stated: \"These results continue to support our thesis that the size and scale of the Moss Gold Project will be large enough to support a material and meaningful update to the mineral resource estimate, which is expected in early May 2023. \"These additional results highlighting the mineralization in the south-west zone augment the press release of April 20, 2023, and continue to expand the zone well outside the historical resource, still open in several directions and at depth. In addition to the May 2023 MRE, we still have 30 quality drill targets to be tested. These include gold, coppercobalt, and polymetallic prospects. We have drilled less than 10% of...