Goldshore Delineates Moss Deposit Resource Expansion Targets
Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) has identified resource expansion targets at the Moss Deposit, potentially increasing the gold ounce profile and reducing the strip ratio. The current resource stands at 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. Five targets have been defined within the top 200m from surface, representing three expansion strategies:
- Strategic infill drilling
- Lateral extension of known mineralized shear zones
- Extending deep mineralized shear zones towards the surface
The company is finalizing a 15,000-meter drilling program to test these targets, aiming to expand the Mineral Resource Estimate (MRE) and potentially improve the deposit's economic performance.
Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) ha identificato obiettivi di espansione delle risorse al Deposito Moss, con il potenziale di aumentare il profilo delle once d'oro e ridurre il rapporto di estrazione. L'attuale risorsa ammonta a 1,54 milioni di once di risorse d'oro Indicate a 1,23 g/t Au e 5,20 milioni di once di risorse d'oro Inferite a 1,11 g/t Au. Sono stati definiti cinque obiettivi entro i primi 200 metri dalla superficie, rappresentando tre strategie di espansione:
- Drillaggio strategico di riempimento
- Estensione laterale delle zone di faglia mineralizzate note
- Prolungamento delle zone di faglia mineralizzate profonde verso la superficie
L'azienda sta finalizzando un programma di perforazione di 15.000 metri per testare questi obiettivi, con l'obiettivo di espandere la Stima delle Risorse Minerali (MRE) e migliorare potenzialmente la performance economica del deposito.
Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) ha identificado objetivos de expansión de recursos en el Depósito Moss, con el potencial de aumentar el perfil de onzas de oro y reducir la relación de extracción. La cantidad actual de recursos es de 1,54 millones de onzas de recursos de oro indicados a 1,23 g/t Au y 5,20 millones de onzas de recursos de oro inferidos a 1,11 g/t Au. Se han definido cinco objetivos dentro de los primeros 200 metros desde la superficie, representando tres estrategias de expansión:
- Perforación de relleno estratégica
- Extensión lateral de zonas de cizalla mineralizadas conocidas
- Extendiendo zonas de cizalla mineralizadas profundas hacia la superficie
La empresa está finalizando un programa de perforación de 15,000 metros para probar estos objetivos, con el fin de expandir la Estimación de Recursos Minerales (MRE) y mejorar potencialmente el rendimiento económico del depósito.
Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF)는 Moss Deposit에서 자원 확장 목표를 확인하여 금 온스 프로필을 증가시키고 스트립 비율을 줄일 수 있는 잠재력을 가지고 있습니다. 현재 자원은 1.54백만 온스의 확인된 금 자원 (1.23 g/t Au) 및 5.20백만 온스의 추정 금 자원 (1.11 g/t Au)으로 되어 있습니다. 지표로부터 200미터 이내에서 5개의 목표가 정의되었으며, 이는 세 가지 확장 전략을 나타냅니다:
- 전략적 보충 탐사 드릴링
- 이미 알려진 광물화된 전단대의 측방 확장
- 깊은 광물화된 전단대를 지표로 확장하기
회사는 이러한 목표를 테스트하기 위한 15,000미터의 드릴링 프로그램을 마무리 중에 있으며, 이를 통해 광물 자원 추정치 (MRE)를 확장하고 잠재적으로 광산의 경제적 성과를 향상시키는 것을 목표로 하고 있습니다.
Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) a identifié des objectifs d'expansion des ressources au Dépôt Moss, avec le potentiel d'augmenter le profil des onces d'or et de réduire le ratio d'extraction. La ressource actuelle s'élève à 1,54 million d'onces de ressources en or indiquées à 1,23 g/t Au et 5,20 millions d'onces de ressources en or inférées à 1,11 g/t Au. Cinq objectifs ont été définis dans les 200 premiers mètres de la surface, représentant trois stratégies d'expansion :
- Forage d'infill stratégique
- Extension latérale des zones de cisaillement minéralisées connues
- Extension des zones de cisaillement minéralisées profondes vers la surface
L'entreprise finalise un programme de forage de 15 000 mètres pour tester ces objectifs, dans le but d'élargir l'estimation des ressources minérales (ERM) et potentiellement d'améliorer la performance économique du dépôt.
Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) hat Ressourcenerweiterungsziele im Moss Deposit identifiziert, die das Goldprofil erhöhen und das Streifenverhältnis verringern könnten. Der aktuelle Ressourcenschatz beträgt 1,54 Millionen Unzen angezeigte Goldressourcen bei 1,23 g/t Au und 5,20 Millionen Unzen abgeleitete Goldressourcen bei 1,11 g/t Au. Fünf Ziele wurden innerhalb der obersten 200 Meter von der Oberfläche definiert, was drei Erweiterungsstrategien darstellt:
- Strategische Infill-Bohrungen
- Laterale Erweiterung bekannter mineralisierter Scherzonen
- Tiefere mineralisierte Scherzonen zur Oberfläche hin verlängern
Das Unternehmen finalisiert ein 15.000 Meter Bohrprogramm, um diese Ziele zu testen, mit dem Ziel, die Mineralressourcenschätzung (MRE) zu erweitern und potenziell die wirtschaftliche Leistungsfähigkeit des Deposits zu verbessern.
- Identification of five resource expansion targets within 200m from surface
- Potential to increase gold ounce profile above current 1.54M Indicated and 5.20M Inferred ounces
- Opportunity to reduce overall strip ratio, potentially enhancing project economics
- Planned 15,000-meter drilling program to test expansion targets
- Current mineral resources are not mineral reserves and have no demonstrated economic viability
- Expansion targets are conceptual and require further drilling to confirm potential
Resource expansion targets identified at the Moss Deposit offer potential to increase the ounce profile above the current resource (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), and reduce the overall strip ratio, potentially enhancing project economics.
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2024) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company") is pleased to provide an update on resource expansion targets at the Moss Deposit. The identified targets are located within the top 200m from surface and are within, or directly adjacent to, the conceptual open pit shell defined in the Company's current mineral resource estimate ("MRE") (Figure 1). Collectively, there are five targets that have been defined that represent three avenues for potential mineral resource expansion (collectively, the "Expansion Targets"):
- 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 Deposit towards surface where no shallow drilling has occurred (Figure 2).
Michael Henrichsen, CEO of Goldshore commented, "We are very pleased with the mineral resource Expansion Targets that have been delineated which represent an opportunity to not only increase the ounce profile of the Moss Deposit, but to also reduce the overall strip ratio in a potential mining scenario. We view the drilling of these targets as a critical step to potentially improving the economic performance of the deposit on the back of the PEA, currently in progress with G Mining Services, being released as we continue to look to add ounces in the top 200m from surface."
The Company is finalizing a conceptual program of approximately 15,000 meters that would test the Expansion Targets outlined with the combined goals of expanding the MRE within the top 200m through increasing drill density, extending known mineralization, and reducing the strip ratio within the conceptual open pit. A summary of the targets is presented below:
- The Superion and QES Up targets represent an opportunity to add ounces by extending mineralization toward surface in the top 200 m over a roughly 1.5 km and 1 km strike length respectively within and immediately adjacent to the conceptual open pit.
- The Southern Main target is similar to the QES Up target where drilling in the top 50 - 200 m from surface will aim to extend mineralization over an area of 400 m by 100 m
- The Southwest Infill and QES extension targets focus on areas spanning 800 meters and 400 meters, respectively, where drill density was insufficient for inclusion in the current mineral resource estimate.
Figure 1. Proposed winter drill holes within Moss pit.
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https://images.newsfilecorp.com/files/8051/223573_e1a2da06145279e5_002full.jpg
Figure 2. Section through Superion target and QES Up target highlighting waste in pit that may convert to mineralized shears
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https://images.newsfilecorp.com/files/8051/223573_e1a2da06145279e5_003full.jpg
Mineral resources that are not mineral reserves have no demonstrated economic viability. There is no guarantee that any part of the mineral resources discussed herein will be converted to a mineral reserve in the future. The estimate of mineral resources may also be materially affected by geology, environment, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
Qualified Person
Peter Flindell, PGeo, MAusIMM, MAIG, Vice-President, Exploration, of the Company, and a qualified person under National Instrument 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 expansion of the deposit along the Superion target, the targeted increase in the ounce profile of the Moss Deposit, and the release of an updated preliminary economic assessment 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 preliminary economic assessment 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, 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 preliminary economic assessment 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
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