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Goldshore Resources Provides Corporate Update
Preliminary Economic Assessment On-Schedule; Robust Mineral Resource Independently Confirmed Van...
About this update from Gold X2 Mining Inc.
[{"type":"text","content":"Goldshore Resources Provides Corporate UpdatePreliminary Economic Assessment On-Schedule; Robust Mineral Resource Independently ConfirmedVancouver, British Columbia--(Newsfile Corp. - August 10, 2023) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (\"Goldshore\" or the \"Company\"), is pleased to share a corporate update in regards to its ongoing activities.Highlights:The Preliminary Economic Assessment (\"PEA\") on the Moss Gold Project is progressing well and is on schedule for release mid Q4 2023. The PEA is being managed by an independent multidisciplinary team at Ausenco Engineering Canada Inc. (\"Ausenco\"). Base Metallurgical Laboratories Ltd. (\"BaseMet\") has completed a gold deportment study with positive results and additional heap leach metallurgical test work is in progress at Kappes, Cassaday and Associates (\"KCA\") to maximize potential gold recoveries. Independent review of the May 5, 2023 Mineral Resource Estimate for the Moss Gold Project recently completed by SRK Consulting (Canada) Ltd. (\"SRK\") confirms that the resource meets the CIM guidelines for the reporting of inferred mineral resources.Independent review of project permitting paths by CSL Environmental & Geotechnical Ltd. (\"CSL\") confirms that the permitting process is on-track for development with significant studies already completed and no major information or timeline hurdles expected. Goldshore continues to take a proactive approach to community engagement, with regular information sharing meetings with host indigenous communities and benefiting greatly from feedback on all aspects of the PEA process. The Company has been approved to receive an Ontario Junior Exploration Program grant of $200,000.An additional >8,000 ha of new mineral claims have been staked 15-25 km north of the Moss Gold Project. President and CEO Brett Richards stated: \"In the wake of this market turbulence, we continue to pursue our goals of establishing the economic viability of the Moss Gold Project; as well as increasing our footprint in the region in a responsible manner. We continue to see great potential for the Moss Gold Project to grow well beyond the scope of the PEA we are currently conducting, but appreciate we need to establish the Project as an economically viable resource in its existing size, grade, and metallurgy. Initial indica...