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Goldshore Announces Preliminary Metallurgy Results for the Moss Gold Project; Gold Recoveries Increase to 93% for Moss and 98% for East Coldstream
Vancouver, British Columbia--(Newsfile Corp. - May 3, 2023) - Goldshore Resources Inc. (TSXV: GS...
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[{"type":"text","content":"Goldshore Announces Preliminary Metallurgy Results for the Moss Gold Project; Gold Recoveries Increase to 93% for Moss and 98% for East ColdstreamVancouver, British Columbia--(Newsfile Corp. - May 3, 2023) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (\"Goldshore\" or the \"Company\"), is pleased to announce the preliminary results from its PEA-level metallurgical test work at the Moss Gold Project in Northwest Ontario, Canada (the \"Moss Gold Project\"). The results were produced from the recent metallurgical testing program completed by Base Metallurgical Laboratories in Kamloops, British Columbia under the overall supervision of Ausenco Engineering Canada Inc. (\"Ausenco\").Highlights:Test work shows significantly increased gold recoveries from a flotation-regrind-leach process averaging:93% recovery at Moss98% recovery at East ColdstreamThese results represent an 8% to 13% increase in gold recoveries from previously conducted standard leach test work.Coarse bottle roll leach test results returned gold recoveries between 53% and 64%, which encourage investigation of a low recovery heap leach solution for low-grade mineralization that may bring gold production forward and reduce tailings.President and CEO Brett Richards stated: \"We are very pleased with the early results from the metallurgical test program, as recoveries have increased from the InnovExplo's 2011 mineral resource estimate and subsequent 2013 preliminary economic assessment by 8%-13%. This detailed testing being undertaken will enhance the economics of our new mineral resource estimate due out in the near future; and the new preliminary economic assessment due to commence immediately thereafter. As well, these results also appear to provide early support for heap leaching the low-grade material, which positively changes the dynamics of an economic analysis.\"Technical OverviewFigure 1 shows the location of the samples that make up the metallurgical composites. Figure 1: Location mapTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8051/164622_6b7cf742f4645943_002full.jpgThe metallurgical gold recovery test-work was conducted to assess the potential gold recoveries and potential process flowsheets for the Moss Gold Project, which include the Moss Gold Deposit (\"Moss\") and East Coldstream Gold ...