Goldshore Commences 21,000 Meter Grade Control Drill Program
Goldshore Commences 21,000 Meter Grade Control Drill Program
VANCOUVER, B.C., June 30, 2025: Goldshore Resources Inc. (TSXV: GSHR / OTCQB:
GSHRF / FWB: 8X00) (“Goldshore” or the “ Company”) is pleased to announce the
commencement of the 21,000-meter grade control drill program at the Moss Gold Project, located
in Ontario, Canada (the “Moss Gold Project”).
This close-spaced drill program aims to define the optimal drill spacing for upgrading Inferred
Mineral Resources before the Feasibility Study. It will improve the definition of gold mineralization
continuity through detailed variography, aiding resource modelling and classification. The
program will also supply samples for feasibility-level metallurgical testing.
Michael Henrichsen, CEO and Director of Goldshore, commented, "We're pleased to kick off our
grade control drill program, a key component of our use of proceeds from our recent ly closed
financing. This program is critical for the development of the Moss project, defining the infill drill
spacing requirements as we look towards advancing the project towards a Feasibility study on
the back of our upcoming PEA in Q4.”
Figure 1: Focus Areas for Grade Drilling at the Moss Gold Deposit
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,
has approved the scientific and technical information contained in this news release.
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Mr. Flindell has verified the data disclosed. To verify the information related to the winter drill
program at the Moss Gold Project, Mr. Flindell has visited the property several times; discussed
and reviewed logging, sampling, bulk density, core cutting and sample shipping processes with
responsible site staff; discussed and reviewed assay and QA/QC results with responsible
personnel; and reviewed supporting documentation, including drill hole location and orientation
and significant assay interval calculations. He has also overseen the Company’s health and safety
policies in the field to ensure full compliance, and consulted with the Project’s host indigenous
communities on the planning and implementation of the drill program, particularly with respect to
its impact on the environment and the Company’s remediation protocols.
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 fo r 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 $ 75
million of new capital and completed approximately 100,000 meters of drilling on the Moss Gold
Project, which, in aggregate, has had over 2 55,000 meters of drilling. The 2024 updated NI 43 -
101 MRE prepared by Apex Geoscience Ltd., 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. Please see NI 43-101 technical report titled: “Technical Report and
Updated Mineral Resource Estimate for the Moss Gold Project, Ontario, Canada,” dated March
20, 2024 with an effective date of January 31, 2024 available under the Company’s SEDAR+
profile at www.sedarplus.ca. 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.
W: www.goldshoreresources.com
T: 1-604-404-4335
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
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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.