Goldshore Awards Contracts for Resource Expansion & Discovery Focused Winter Exploration Programs
Goldshore Resources has awarded contracts for its winter exploration programs at the Moss Gold Project. The company plans a 15,000-meter diamond drilling program focusing on expanding mineral resources within the top 200 meters from surface of the conceptual open pit. Laframboise Drilling and Forages Technic-Eau will conduct drilling operations, while Abitibi Geophysics will handle geophysical surveys. The exploration includes a discovery-focused program covering 23 kilometers of prospective structural corridors, featuring up to 200 sonic drill holes and extensive geophysical surveys. A Preliminary Economic Assessment is scheduled for Q1 2025.
Goldshore Resources ha assegnato contratti per i suoi programmi di esplorazione invernale presso il Moss Gold Project. L'azienda prevede un programma di perforazione a diamante di 15.000 metri concentrato sull'espansione delle risorse minerarie entro i primi 200 metri dalla superficie della cava concettuale. Laframboise Drilling e Forages Technic-Eau si occuperanno delle operazioni di perforazione, mentre Abitibi Geophysics gestirà i sondaggi geofisici. L'esplorazione include un programma focalizzato sulla scoperta che copre 23 chilometri di corridoi strutturali prospettici, con fino a 200 fori di perforazione sonica e ampi sondaggi geofisici. Una Valutazione Economica Preliminare è prevista per il primo trimestre del 2025.
Goldshore Resources ha otorgado contratos para sus programas de exploración invernal en el Moss Gold Project. La empresa planea un programa de perforación de diamante de 15,000 metros enfocado en expandir los recursos minerales dentro de los primeros 200 metros desde la superficie de la mina conceptual. Laframboise Drilling y Forages Technic-Eau llevarán a cabo las operaciones de perforación, mientras que Abitibi Geophysics se encargará de los estudios geofísicos. La exploración incluye un programa centrado en el descubrimiento que abarca 23 kilómetros de corredores estructurales potenciales, con hasta 200 agujeros de perforación sónica y extensos estudios geofísicos. Una Evaluación Económica Preliminar está programada para el primer trimestre de 2025.
골드쇼어 리소스는 모스 골드 프로젝트의 겨울 탐사 프로그램을 위해 계약을 체결했습니다. 이 회사는 개념적인 노천 채굴장에서 지표면 이하 200미터 이내의 광물 자원 확장을 목표로 하는 15,000미터 다이아몬드 시추 프로그램을 계획하고 있습니다. 라프람부아즈 드릴링과 포라주 테크닉-오가 시추 작업을 수행하고, 아비티비 지오피직스는 지구물리 조사 작업을 담당할 것입니다. 탐사는 23킬로미터의 잠재적 구조적 코리더를 다루는 발견 중심 프로그램을 포함하고 있으며, 최대 200개의 음파 시추 구멍과 광범위한 지구물리 조사가 포함됩니다. 예비 경제 평가가 2025년 1분기로 예정되어 있습니다.
Goldshore Resources a attribué des contrats pour ses programmes d'exploration hivernale au Moss Gold Project. L'entreprise prévoit un programme de forage diamant de 15 000 mètres axé sur l'expansion des ressources minérales dans les 200 premiers mètres à partir de la surface du gisement conceptuel. Laframboise Drilling et Forages Technic-Eau réaliseront les opérations de forage, tandis que Abitibi Geophysics s'occupera des enquêtes géophysiques. L'exploration comprend un programme centré sur la découverte couvrant 23 kilomètres de corridors structurels prospectifs, avec jusqu'à 200 forages soniques et des enquêtes géophysiques étendues. Une évaluation économique préliminaire est prévue pour le premier trimestre de 2025.
Goldshore Resources hat Verträge für seine Winterexplorationsprogramme im Moss-Gold-Projekt vergeben. Das Unternehmen plant ein 15.000 Meter umfassendes Diamantbohrprogramm, das sich auf die Erweiterung der Mineralressourcen in den oberen 200 Metern unter der Oberfläche der konzeptionellen Tagebau-Grube konzentriert. Laframboise Drilling und Forages Technic-Eau werden die Bohrarbeiten durchführen, während Abitibi Geophysics die geophysikalischen Untersuchungen übernehmen wird. Die Exploration umfasst ein entdeckungsorientiertes Programm über 23 Kilometer vielversprechender Strukturkorridore, mit bis zu 200 Schallbohrlöchern und umfassenden geophysikalischen Erhebungen. Eine vorläufige wirtschaftliche Bewertung ist für das erste Quartal 2025 geplant.
- Strategic resource expansion program targeting top 200 meters could improve strip ratio and economic performance
- Comprehensive exploration program covering 23km of previously unexplored structural corridors
- PEA scheduled for Q1 2025 indicating project advancement
- None.
Diamond drilling program focused on expanding the mineral resource estimate within the conceptual open pit. Program will focus on the top 200 meters from surface by increasing drill density with the goal of extending known mineralization toward the surface to reduce the overall strip ratio and add to the ounce profile of the Moss Gold Project.
- Discovery focused geophysical and geochemical program aims to define drill targets along 23 kms of prospective structural corridors that have not been systematically explored.
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2024) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company") is pleased to announce it has awarded its resource expansion diamond drill program and its top of bedrock sonic drilling program to Laframboise Drilling Inc. and Forages Technic-Eau Inc., respectively. In parallel, the Company announces it has awarded the geophysical program to Abitibi Geophysics.
Michael Henrichsen, CEO of Goldshore commented, "We are very pleased to have awarded the contracts for our winter resource expansion and discovery-based exploration programs. The resource expansion targets we have identified have the potential to deliver ounces within the top 200 meters from surface, within the conceptual open pit, and could improve the economic performance of the deposit, building on the forthcoming Preliminary Economic Assessment ("PEA") scheduled for release in Q1 2025. In addition, the first systematic discovery-based geophysical and top of bedrock sonic drill programs will give the Company the opportunity to develop robust drill targets that we feel will ultimately lead to a discovery and the uncovering of additional ounces at the project."
Resource Expansion Drilling
The in-pit diamond drill program consists of approximately 15,000 meters of drilling focused on the top 200 meters from surface (Figure 1) with the goal of expanding the current mineral resource estimate ("MRE") and reducing the strip ratio of the deposit through the following three avenues.
- Strategic infill to increase drill density in locations where mineralized drill intercepts are currently too widely spaced to be included in the inferred mineral resource category;
- Extending known mineralized shear zones laterally along strike; and
- Extending mineralized shear zones intersected at depth at the Moss Gold Project towards surface where no shallow drilling has occurred.
Figure 1: Illustrates the upcoming 15,000 meter drill program within the conceptual open pit associated with the current MRE. This drill program is targeting resource expansion within the top 200 m from surface.
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Discovery Focused Exploration Program
The discovery focused exploration program is designed to define robust drill targets along 23 kilometers of prospective structural corridors in the area of the Moss Gold Project. This focus area has not seen systematic exploration due to extensive till and muskeg that cover the prospect structural corridors.
The sonic drill program will sample the top of bedrock over the prospective structural corridors on 50 to 100 meter centers along 400 and 800 meter spaced lines to define areas of gold mineralization (Figure 2). The program will consist of up to 200 drill holes along the Moss Gold Project extensions and 12 kilometer long Kawa trend.
The geophysical program will consist of a 40 line-kilometer pole-dipole survey over the Moss Gold Project and a 235 line-kilometer gradient array survey with select IP pole-dipole lines planned across the 23 kilometers of prospective structural corridors (Figure 3). These surveys will allow the Company to obtain the resistivity and chargeability signature of the Moss Gold Project which has never been the subject to modern ground based geophysical surveys, and to look for similar geophysical responses in the 23 kilometers of prospective structural corridors.
Figure 2: Focus area for top of bedrock sonic drill program along the prospective mineralized structural corridors. Drill holes will be spaced 50 to 100 meters apart on 400 or 800 meters spaced lines.
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Figure 3: Focus area for ground based induced polarization geophysics surveys across the Moss Gold Project and prospective mineralized structural corridors.
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https://images.newsfilecorp.com/files/8051/231252_10d61f91b47929d1_004full.jpg
Qualified Person
Peter Flindell, PGeo, MAusIMM, MAIG, Vice-President, Exploration, of the Company, and a qualified person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), has approved the scientific and technical information contained in this news release.
About Goldshore
Goldshore is a growth-oriented gold company focused on delivering long-term shareholder and stakeholder value through the acquisition and advancement of primary gold assets in tier-one jurisdictions. It is led by the ex-global head of structural geology for the world's largest gold company and backed by one of Canada's pre-eminent private equity firms. The Company's current focus is the advanced stage
For more information, please visit the Company's SEDAR+ profile at (www.sedarplus.ca) and the Company's website (www.goldshoreresources.com).
For More Information - Please Contact:
Michael Henrichsen
President, Chief Executive Officer and Director
Goldshore Resources Inc.
E: mhenrichsen@goldshoreresources.com
W: www.goldshoreresources.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this news release include, among others, statements relating to expectations regarding the exploration and development of the Moss Gold Project, potential mineral resource expansion drill targets, timing and completion of a mineral resource expansion drill program, the impact of an expansion drill program on reducing the strip ratio, the targeted increase in the ounce profile of the Moss Gold Project, and the release of an updated PEA and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the foregoing exploration and development goals of the Company may not occur on the timetable anticipated or at all; the PEA may not be completed on the timetable expected or at all; the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; risks related to compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company's business and results of operations; and the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company's securities, regardless of its operating performance. The forward-looking information in this news release is based on management's reasonable expectations and assumptions as of the date of this news release, including that the Company's business and financial position and general economic conditions will not be adversely affected; that the expansion drill program will be completed and on the timetable expected; and that the PEA will be completed on the timetable anticipated.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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FAQ
What is the size of Goldshore's (GSHRF) new diamond drilling program at Moss Gold Project?
When will Goldshore Resources (GSHRF) release its Preliminary Economic Assessment for Moss Gold Project?
How many drill holes are planned in Goldshore's (GSHRF) sonic drill program?
