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Goldshore Resources Drills 65.0m @ 1.04 g/t Au at the QES Zone
Total Width of the Main Zone Expands from 300m-350m to 600m-650m Vancouver, British Columbia-...
About this update from Gold X2 Mining Inc.
[{"type":"text","content":"Goldshore Resources Drills 65.0m @ 1.04 g/t Au at the QES ZoneTotal Width of the Main Zone Expands from 300m-350m to 600m-650mVancouver, British Columbia--(Newsfile Corp. - June 14, 2022) - 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. Drilling is aiming to expand and better define high-grade structural zones within the Moss Lake deposit to improve the overall grade and volume beyond that of the historic mineral resource.Highlights:MQD-22-019 at the QES Zone, has upgraded the mineralization within the modeled volume and confirmed the parallel zone of mineralization to the north with best intercepts of: 65.0m @ 1.04 g/t Au from 142.4m depth, including1.6m @ 6.56 g/t Au from 142.4m and13.0m @ 2.14 g/t Au from 173.0m5.5m @ 1.23 g/t Au from 606.1mA recent evaluation of assay zones parallel to the 2013 resource body has enabled the preliminary modelling of shears that combine to extend the width of mineralization from its previous 300-400 meters to a zone that is 600-650 meters wide.This work suggests that the Southwest Zone is not a structural offset as previously thought and is instead an extension of the southern parallel zone, compounding additional resource tonnage (in width) and along strike.Exploration work has begun targeting additional parallel structures to further expand the width of gold mineralization. President and CEO Brett Richards stated: \"As we have demonstrated since the beginning of our drill program, our thesis that Moss Lake is larger (in depth, in width and along strike) is proving to be true. I am also encouraged about the high grade sections we are seeing, as this will provide us with optionality when we model the resource later in the year and start to look at economic pit shells. We see several PEA permutations including: a low tonnage / higher grade starting project (Phase 1); and a larger scale operation on the global resource (Phase 2). Given the current economic climate (high/hyper inflationary economy), a lower CapEx project (Phase 1) then expanding the operation (Phase 2) may well be the best approach to developing Moss Lake, while not losing sight of our Tier One potential. We will make these determinations lat...