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Goldshore Expands Gold Mineralization Along Strike and at Depth at the Southwest Zone; Includes Intersects 2.17 g/t Au over 50.35m and 6.96 g/t Au over 15.05m
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2023) - Goldshore Resources Inc. (TSXV:...
About this update from Gold X2 Mining Inc.
[{"type":"text","content":"Goldshore Expands Gold Mineralization Along Strike and at Depth at the Southwest Zone; Includes Intersects 2.17 g/t Au over 50.35m and 6.96 g/t Au over 15.05mVancouver, British Columbia--(Newsfile Corp. - April 20, 2023) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (\"Goldshore\" or the \"Company\"), is pleased to announce assay results from its recently completed drill program at the Moss Lake Project in Northwest Ontario, Canada (the \"Moss Gold Project\"). Highlights:Results from seven holes testing the extension of the Southwest Zone toward the Main Zone have delineated a new high-grade lens, including visible gold, northeast of the Southwest Zone resource that extends from surface to at least 250 meters depth with best intercepts of:6.96 g/t Au over 15.05m from 189.4m depth in MMD-22-105, including54.4 g/t Au over 1.6m from 189.4m2.17 g/t Au over 50.35m from 103.55m depth in MMD-23-114, including3.47 g/t Au over 26.05m from 120.35m1.30 g/t Au over 21.35m from 214m depth in MMD-22-108, including2.60 g/t Au over 7.35 from 228.0mThese drill results prove that the Southwest Zone is a continuation of the Main Zone and not a fault offset as previously interpreted. They also show that the Southwest Zone extends to depth and is potentially as large as the Main Zone.With drilling recently completed, the Company is preparing an updated mineral resource expected in May. The updated resource will use data from an additional 72 holes compared to the November 2022 resource. Mineralization in the resource area remains open in multiple directions. President and CEO Brett Richards stated: \"These results continue to support our belief that the size and scale of the Moss Gold Project is much larger and continues to be open at all directions, along strike both to the northeast and southwest, as well as our understanding of lateral mineralized targets to the south-east of the Southwest Zone and the Main Zone. For now, we have halted the program to step back; understand the quantum of this resource, and prepare for a mineral resource update in early May, we can now see a viable path to a meaningful project PEA (preliminary economic analysis). We look forward to those results in the coming months, as we start to plan for an infill drilling program working towards a pre-feasibility study in the future.\"Technical OverviewFig...