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Goldshore Intersects 5.64 g/t Au over 15.65m at East Coldstream
Significant Mineralization Outlined 13km Northeast of the Moss Lake Deposit Vancouver, British C...
About this update from Gold X2 Mining Inc.
[{"type":"text","content":"Goldshore Intersects 5.64 g/t Au over 15.65m at East ColdstreamSignificant Mineralization Outlined 13km Northeast of the Moss Lake DepositVancouver, British Columbia--(Newsfile Corp. - February 27, 2023) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (\"Goldshore\" or the \"Company\"), is pleased to announce assay results from its ongoing 100,000-meter drill program at the Moss Lake Project in Northwest Ontario, Canada (the \"Moss Lake Gold Project\").Highlights:Results from the second half of the East Coldstream Phase One drill program have confirmed the potential for significant high-grade shears within East Coldstream, approximately 13 kilometers northeast of the Moss Lake Deposit. Best intercepts include:3.49 g/t Au over 26.35m from 76.85m depth in CED-22-010, including5.64 g/t over 15.65m from 87.55m1.12 g/t Au over 21.9m from 206.5m1.07 g/t Au over 31.0m from 288.0m depth in CED-22-011 and1.48 g/t Au over 18.45m from 357.0m, including4.68 g/t Au over 4.85m from 370.6m0.94 g/t Au over 25.05m from 218.95m depth in CED-22-014, including1.10 g/t Au over 16.0m from 226.0m1.23 g/t Au over 35.15m from 338.45m depth in CED-22-017, including2.19 g/t Au over 11.55m from 338.45mIn addition to the Moss Lake Deposit, the upcoming mineral resource estimate update will include the East Coldstream deposit. In support of this, a 3D wireframe of the mineralization constraining alteration domain has been developed utilizing both current and historical drilling data. President and CEO Brett Richards stated: \"These results at East Coldstream continue to support our thesis that the size and scale of the entire Moss Lake Gold Project will be large enough to support a material and meaningful update to the mineral resource estimate in April 2023, with East Coldstream sequencing into the mine plan in a preliminary economic assessment as a satellite pit. We look forward to the continuing catalysts to the Moss Lake Gold Project in an effort to demonstrate the true value of the assets.\"Technical OverviewFigure 1 shows the location of East Coldstream relative to Moss Lake in addition to the now formally identified gold and copper prospects controlled by Goldshore Resources. Figure 2 shows the better intercepts in plan view, and Figure 3 is a typical section through holes CED-22-013 to -015 and -017. Table 1 shows the significant i...