Goldshore Completes 2,780-Meter Summer Drilling Program at Moss Gold Project
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Goldshore Completes 2,780-Meter Summer Drilling Program
at Moss Gold Project
VANCOUVER, B.C., July 24, 2024: Goldshore Resources Inc. (TSXV: GSHR / OTC Markets:
GSHRF / FSE: 8X00) (“Goldshore” or the “ Company”) is pleased to announce that it has
completed it’s 2,500-meter summer drill program on schedule and under budget allowing for the
completion of an additional high priority drill hole for a total of 12 drill holes and 2,780 meters.
The Company completed 7 drill holes for 1,571 meters at the Boundary Zone Prospect and 5 drill
holes for 1,209 meters at the Southwest Drilling Zone Prospect and expects first results back from
the assay lab in August.
Michael Henrichsen, CEO of Goldshore commented, “We are pleased to finish our 2024 summer
drill program ahead of schedule and under budget. An additional 280 meters were drilled due to
efficiencies within the program that allowed for an additional test of the SW Z one where the
Company stepped out 600 meters from limits of the drilling at the Moss deposit. At the Boundary
Zone the Company was focused on replicating and building upon historical intercepts that were
outside of the current mineral resource and conceptual pit shell. Results to date are encouraging
with visual confirmation of the Boundary Z one as well as the definition of a new parallel shear
zone that has similar characteristics to the known Boundary Zone mineralization. We look forward
to analyzing the assay results to inform our next steps.”
Communications Program Update
The Company has engaged Investor Insights Systems Inc. (“Investor Insights”) for a term of
twelve months commencing July 22, 2024, to provide digital marketing services, including digital
content creation, distribution, search engine marketing (SEM) , pay-per-click (PPC) advertising
and market awareness campaigns. Investor Insights is based in Vancouver, British Columbia,
and will receive a total fee of $225,000, payable upfront, in consideration for services to be
provided through the term of the engagement. Services provided by Investor Insights will be
overseen on behalf of Investor Insights by Mac Foster. Mr. Foster directly owns 50,000 shares of
the Company. To the Company’s knowledge, neither Investor Insights nor its principals have any
further interest, directly or indirectly, in the securities of the Company. The Company is at arms-
length from Investor Insights and Mr. Foster, and does not propose to issue any securities to
Investor Insights, or Mr. Foster, in consideration of services to be provided to the Company.
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
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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 $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.
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 f orward-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 timing and
release of assay results 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
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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.