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Goldshore Commences Winter Exploration Program

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Goldshore Resources has initiated its winter exploration program at the Moss Gold Project in Ontario, Canada. The program consists of three main components: a 15,000-meter diamond drill program targeting resource expansion in the top 200 meters from surface, top-of-bedrock sonic drilling, and ground-based induced polarization geophysics.

The diamond drilling focuses on areas within the conceptual open pit defined by the current mineral resource estimate. The sonic drill and geophysical programs aim to develop discovery-focused drill targets along 23 kilometers of prospective structural corridors that share similar characteristics to the Moss Deposit structure.

Goldshore Resources ha avviato il suo programma di esplorazione invernale presso il Moss Gold Project in Ontario, Canada. Il programma consiste in tre componenti principali: un programma di perforazione a diamante di 15.000 metri mirato all'espansione delle risorse nei primi 200 metri dalla superficie, perforazione sonica di fondo e geofisica di polarizzazione indotta a terra.

La perforazione a diamante si concentra su aree all'interno della cava aperta concettuale definita dall'attuale stima delle risorse minerali. I programmi di perforazione sonica e geofisica mirano a sviluppare obiettivi di perforazione focalizzati sulla scoperta lungo 23 chilometri di corridoi strutturali prospettici che condividono caratteristiche simili alla struttura del Deposito Moss.

Goldshore Resources ha iniciado su programa de exploración invernal en el Moss Gold Project en Ontario, Canadá. El programa consta de tres componentes principales: un programa de perforación de diamante de 15,000 metros que busca la expansión de recursos en los primeros 200 metros desde la superficie, perforación sonora en el fondo y geofísica de polarización inducida en tierra.

La perforación de diamante se centra en áreas dentro de la cantera conceptual definida por la actual estimación de recursos minerales. Los programas de perforación sonora y geofísica tienen como objetivo desarrollar objetivos de perforación enfocados en el descubrimiento a lo largo de 23 kilómetros de corredores estructurales prospectivos que comparten características similares con la estructura del Depósito Moss.

Goldshore Resources는 캐나다 온타리오의 Moss Gold Project에서 겨울 탐사 프로그램을 시작했습니다. 이 프로그램은 세 가지 주요 요소로 구성됩니다: 표면에서 200미터 이내 자원 확장을 목표로 하는 15,000미터 다이아몬드 드릴링 프로그램, 바닥 소닉 드릴링, 그리고 지상 유도 전기화학 탐사입니다.

다이아몬드 드릴링은 현재 광물 자원 평가에 의해 정의된 개념적인 노천 광산 내의 지역에 집중됩니다. 소닉 드릴링 및 지구물리 프로그램은 Moss Deposit 구조와 유사한 특성을 가진 23킬로미터의 유망한 구조적 복 corridor를 따라 발견 중심의 드릴 목표를 개발하는 것을 목표로 합니다.

Goldshore Resources a lancé son programme d'exploration hivernale au Moss Gold Project en Ontario, Canada. Le programme se compose de trois composants principaux : un programme de forage au diamant de 15 000 mètres visant l'expansion des ressources dans les 200 premiers mètres à partir de la surface, du forage sonore en profondeur, et de la géophysique par polarisation induite au sol.

Le forage au diamant se concentre sur des zones à l'intérieur de la carrière ouverte conceptuelle définie par l'estimation actuelle des ressources minérales. Les programmes de forage sonore et géophysiques visent à développer des cibles de forage axées sur la découverte le long de 23 kilomètres de corridors structuraux prospectifs partageant des caractéristiques similaires à la structure du Dépôt Moss.

Goldshore Resources hat sein Winterexplorationsprogramm im Moss Gold Project in Ontario, Kanada, gestartet. Das Programm besteht aus drei Hauptkomponenten: einem 15.000 Meter Diamantbohrprogramm, das auf die Ressourcenerweiterung in den obersten 200 Metern von der Oberfläche abzielt, Bohrungen mit Schallwellen und geophysikalischen Untersuchungen mit induzierter Polarisation im Boden.

Die Diamantbohrungen konzentrieren sich auf Bereiche innerhalb des konzeptionellen Tagebaus, der durch die aktuelle Schätzung der Mineralressourcen definiert ist. Das Schallbohr- und geophysikalische Programm zielt darauf ab, entdeckungsorientierte Bohrziele entlang von 23 Kilometern potenziell interessanter struktureller Korridore zu entwickeln, die ähnliche Merkmale wie die Struktur des Moss Deposits aufweisen.

Positive
  • Launch of comprehensive winter exploration program with three components
  • 15,000-meter diamond drill program targeting resource expansion
  • 23 kilometers of prospective structural corridors identified for exploration
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - December 9, 2024) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company" or the "Corporation") is pleased to announce that, further to the Company's press release on November 25, 2024, all three components of the winter exploration program, including diamond drilling, top-of-bedrock sonic drilling, and ground-based induced polarization geophysics, are underway at the 100% owned Moss Gold Project in Ontario, Canada. The 15,000 meter diamond drill program is targeting resource expansion in the top 200 meters from surface within the conceptual open pit defined by the current mineral resource estimate; whereas the sonic drill and geophysical programs are designed to develop discovery-focused drill targets along 23 kilometers of prospective structural corridors that share similar characteristics to the Moss Deposit structure.

Michael Henrichsen, Goldshore CEO commented "We are excited to begin our winter exploration program that we expect will provide numerous catalysts to our shareholders over the coming months. We believe the diamond drill program will continue to demonstrate the potential to expand the Moss Deposit and that the discovery based sonic drill and geophysical programs will define targets that will begin to daylight the true ounce potential of the Moss Gold Project."

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 100% owned Moss Gold Project which is positioned in Ontario, Canada, with direct access from the Trans-Canada Highway, hydroelectric power near site, supportive local communities and skilled workforce. The Company has invested over $60 million of new capital and completed approximately 80,000 meters of drilling on the Moss Gold Project, which, in aggregate, has had over 235,000 meters of drilling. The 2024 updated NI 43-101 mineral resource estimate ("MRE") has expanded to 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au. The MRE only encompasses 3.6 kilometers of the 35+ kilometer mineralized trend, remains open at depth and along strike and is one of the few remaining major Canadian gold deposits positioned for development in this cycle. For more information, please visit SEDAR+ (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 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: exploration and development of the Moss Gold Project will not be undertaken as anticipated; 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; 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.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232963

FAQ

What is the size of Goldshore Resources' (GSHRF) winter 2024 diamond drill program at Moss Gold Project?

Goldshore Resources' winter 2024 diamond drill program at Moss Gold Project consists of 15,000 meters targeting resource expansion in the top 200 meters from surface.

What are the three components of Goldshore Resources' (GSHRF) winter 2024 exploration program?

The three components are diamond drilling, top-of-bedrock sonic drilling, and ground-based induced polarization geophysics.

How many kilometers of structural corridors is Goldshore Resources (GSHRF) exploring at the Moss Gold Project?

Goldshore Resources is exploring 23 kilometers of prospective structural corridors that share similar characteristics to the Moss Deposit structure.

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