Goldshore Resources has announced promising assay results from its 20,000-meter drill program at the Moss Gold Project, revealing new mineralized shear zones with higher-than-average resource grades. This suggests potential for economic enhancement of the deposit and underscores the project's emerging significance. The company's stock score is Neutral, influenced by its financial performance as an exploration-stage mining company with no revenue and ongoing losses.
Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) has announced significant assay results from its 20,000-meter drill program at the Moss Gold Project, revealing new mineralized shear zones with higher-than-average resource grades. The company's latest drilling campaign targeted new mineralized shear zones to the north of the QES zone as part of the follow-up drilling from the discovery of the Superion zone.
The drilling results indicate multiple new mineralized shears within the existing conceptual pit. Key intercepts include:
- 10.35m of 0.59 g/t Au from 109.0m in MQD-25-178
- 6.0m of 1.14 g/t Au from 138.0m, including 3.0m of 1.73 g/t Au from 138.0m, and 15.4m of 0.64 g/t Au from 239.6m, including 4.0m of 1.44 g/t Au from 246.0m
- 17.7m of 1.52 g/t Au from 333.0m in MQD-25-179, including 2.3m of 8.24 g/t Au from 334.0m and 4.0m of 1.27 g/t Au from 346.0m
- 6.85m of 3.01 g/t Au from 436.0m including 2.0m of 9.76 g/t Au from 436.0m
The results suggest potential for economic enhancement of the deposit and underscore the project's emerging significance. Michael Henrichsen, CEO of Goldshore, commented, "The definition of these new mineralized zones clearly demonstrates the emerging nature of the deposit as we continue to expand mineralization. The higher-than-average resource grades that have been encountered thus far on the northern side of the pit are very encouraging and will be a focus for additional drilling in the future."
Goldshore Resources is an exploration-stage mining company with no revenue and ongoing losses, which influences its stock score as Neutral. The company plans to continue drilling in the area to further define the deposit and explore its potential for economic performance.
References:
[1] https://www.nasdaq.com/press-release/goldshore-discovers-new-mineralized-shear-zones-part-superion-exploration-drilling
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