Goldshore Announces Commencement of 2,500-Meter Drill Program
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Goldshore Announces Commencement of 2,500-Meter Drill Program
VANCOUVER, B.C., June 26, 2024: Goldshore Resources Inc. (TSXV: GSHR / OTC Markets:
GSHRF / FSE: 8X00) (“Goldshore” or the “Company”) is pleased to announce that further to the
Company News release dated June 20, 2024 , the Company has commenced its 2,500-meter
summer drilling program.
Michael Henrichsen, CEO of Goldshore commented, “ We're excited to announce the
commencement of our 2024 summer drill program, which focuses on the highly prospective 'Moss
Block' area. This region, spanning 8 km by 6 km , is centered around the Moss deposit and
accounts for a significant 91% of the project's total Mineral Resource Estimate. Our drilling efforts
will focus on assessing the potential of two high- priority targets , the Boundary Zone and
the SW Extension, with the goal of demonstrating the growth potential for high margin ounces
from surface to 200 meters depth.”
Figure 1: Illustrates the targets adjacent to the Moss deposit. The Boundary and SW Extension form the basis of the
upcoming 2500-meter drill program.
Market Communications Engagements:
The Company also announces that it has engaged the following service providers (the
“Contractors”) to advise and coordinate market communications and investor relations on behalf
of the Company. The Company is at arms -length from each of the Contractors and does not
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propose to issue any securities to any of the Contractors in consideration of services to be
provided to the Company.
The Company has engaged Conrad Orzel (“Orzel”) on a monthly basis from J uly 1 to
December 31, 2024, to provide investor relations services to the Company. Orzel is entitled to
receive a monthly fee of $2,500 in consideration for services to be provided through the term of
the engagement.
The Company has engaged OGIB Corporate Bulletin (“OGIB”) from June 25, 2024 for a term of
nine months, to assist with the development of featured articles describing the activities of the
Company. OGIB received a total fee of $40,000 in consideration for services to be provided
through the term of the engagement.
The Company has engaged GRA Enterprises LLC DBA National Inflation Association (“NIA”) for
a term of three months from July 1, 2024, which can be extended at the option of the Company,
to assist with the development of featured articles describing the activities of the Company. NIA
received a total fee of US$30,000 in consideration for services to be provided through the term of
the engagement.
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 has large scale, high
grade and excellent metallurgy. It is uniquely positioned in Ontario, Cana da, with direct
accessibility from the Trans -Canada Highway with hydroelectric power at site, supportive local
communities and skilled workforce. The Company has invested over $6 0 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 fast track through this
development 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.
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.
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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, the release of
an updated mineral resource estimate and 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 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; 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; and the impact of COVID-19.
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.