Goldshore Expands the Superion Zone with 9.45m of 6.02 g/t Au in Follow Up Drilling at the Moss Deposit
Goldshore Expands the Superion Zone with 9.45m of 6.02 g/t Au in Follow Up Drilling at
the Moss Deposit
VANCOUVER, B.C., May 15, 2025: Goldshore Resources Inc. (TSXV: GSHR / OTCQB: GSHRF
/ FWB: 8X00) (“Goldshore” or the “ Company”) is pleased to announce its latest assay results
from its completed 20,000-meter drill program and the results of the follow-up drilling on the
recently discovered, near-surface, mineralized zone at the Superion target, north of the QES zone
at the Moss Gold Project in Northwest Ontario, Canada (the “Moss Gold Project”).
Michael Henrichsen, CEO of Goldshore commented , “We are pleased to see Superion emerge
as a high-grade zone, near surface, that sits on the northern margin of the conceptual open pit.
With multiple intercepts into the mineralized structure, we have gained valuable knowledge of its
orientation and believe we will be able to expand the zone significantly along strike. The Company
has completed the 20,000-meter drill program with an additional 18 drill holes to be reported over
the coming weeks.”
Highlights:
• Results from a follow-up fence of holes surrounding the MQD-25-148 intercept (17.6m of 3.03
g/t Au from 76.4m) as reported in the Company’s news release dated on March 3, 2025, have
increased the strike length of the new zone to over 100 meters, which remains open in all
directions. Best intercepts include:
o 9.45m of 6.02 g/t Au from 186.0m in MQD-25-175, including
▪ 2.45m of 22.2 g/t Au from 193.0m
o 13.0m of 2.30 g/t Au from 117.0m in MQD-25-176, including
▪ 3.0m of 9.00 g/t Au from 124.0m, and
o 10.0m of 1.17 g/t Au from 144.0m including
▪ 4.0m of 2.67 g/t Au from 149.0m
o 3.5m of 2.72 g/t Au from 41.4m in MQD-25-177, including
▪ 0.4m of 9.67 g/t Au from 43.0m, and
o 3.0m of 3.54 g/t Au from 242.0m, including
▪ 1.0m of 7.28 g/t Au from 242.0m
• Exploratory holes drilled across the largely untested area east of Superion intersected
numerous mineralized shears similar in nature to marginal shears surrounding the Moss
deposit, including:
o 0.3m of 5.37 g/t Au from 224.2m in MQD-25-146, and
o 2.25m of 1.17 g/t Au from 248.75m
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o 4.06m of 1.08 g/t Au from 140.65m in MQD-25-149
o 0.3m of 5.86 g/t Au from 55.85m in MQD-25-163
o 0.9m of 11.9 g/t from 143.0m in MQD-25-168
Technical Overview
Figure 1 shows the location of the drill holes being reported with respect to the planned winter
drill program, while Figure 2 illustrates a cross section through drill holes MQD-25-175 and MQD-
25-177. Tables 1 & 2 summarize significant intercepts and drill hole locations, respectively.
Figure 1: Summarizes the ongoing winter 2025 drill program targeting resource expansion within the conceptual
open pit outlined in grey. Drill holes being reported are highlighted in red.
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Figure 2: Cross section through MQD-25-175 and MQD-25-177 illustrating additional mineralized shears near the pit
shell edge on the northern side of the QES Zone
Drill results reported herein are from the Superion drill program, targeting a significant and largely
untested area of swampy terrain northeast of the Moss deposit . Drilling aimed to identify new
zones of mineralization within the northern part of the existing conceptual open pit.
Holes MQD-25-146, MQD-25-174, MQD-25-175, MQD-25-176, and MQD-25-177 were drilled as
50-meter step outs behind and along strike of the recently discovered mineralized shear in MQD-
25-148 (17.6m of 3.03 g/t Au from 76.4m) as reported in the Company’s news release dated
March 3, 2025 .Each hole intersected a similar package of largely undeformed epidote-chlorite
altered diorite containing 2 -3% disseminated pyrite with localized strong sericite -silica altered
shears containing numerous, highly deformed, cm-scale quartz carbonate vein lets and 3-5%
pyrite-chalcopyrite mineralization.
Multiple parallel shears , often spaced 25 to 50 meters apart, have been intersected with
mineralization returning higher grade intercepts of 9.45m of 6.02 g/t Au from 186.0m in MQD-25-
175, including 2.45m of 22.2 g/t Au from 193.0m (Figure 3) and 9.0m of 2.30 g/t Au from 117.0m
in MQD-25-176, including 3.0m of 9.00 g/t Au from 124.0m. Lesser mineralized intercepts include
3.35m of 0.93 g/t Au from 248.15m in MQD-25-146, including 2.25m of 1.17 g/t Au from 248.75m;
0.7m of 3.57 g/t Au from 350.3m in MQD-25-175; and 3.50m of 2.72 g/t Au from 41.4m in MQD-
25-177, including 2.75m of 3.33 g/t Au from 42.15m.
Oriented core measurements collected during the logging process indicate that this shear system
trends roughly east-west and coincides with the deeper high-grade intercepts in MQD-22-014
(16.0m of 2.69 g/t Au from 477m, including 5.25m of 7.87 g/t from 477.75m ) as reported in the
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Company’s news release dated May 5, 2022. This implies significant room for the mineraliz ed
system to grow through further drilling.
Figure 3: Sericite-silica altered and pyrite-chalcopyrite bearing shears in MQD-25-175 returning 9.45m of 6.02 g/t Au
from 186.0m as part of the Superion program following up on MQD-25-148.
Holes MQD-25-149 and MQD-25-150 were drilled approximately 160 meters east of MQD-25-
148, testing the up-dip extensions of deeper shears intersected in previous drilling. The holes
intersected the same undeformed epidote -chlorite altered diorite body as noted above , with
similar sericite-silica altered and sulphide-bearing shear zones. Shearing is of a lesser intensity
than that intersected around the core of the Superion discovery and returned intercepts of 4.06m
of 1.08 g/t Au from 140.65m in MQD -25-149 and 5.0m of 0.44 g/t Au from 132.0m in MQD -25-
150. The wide spacing of drill holes means that zones of stronger shearing may still be present in
the area.
Holes MQD-25-161, MQD-25-162, MQD-25-163, MQD-25-164, and MQD-25-168 were drilled on
100- to 200-meter spacings further to the northeast to evaluate a large area of swampy terrain
northeast of the Moss deposit that has been mostly untested by previous exploration campaigns.
All holes intersected the same undeformed epidote-chlorite altered multiphase diorite body that
hosts shears at Superion in addition to narrow, Superion-style, sericite-silica altered shear zones
with variable sulphide mineralization. These shears returned high-grade gold-bearing intercepts
over narrow widths such as 0.3m of 5.86 g/t Au from 55.85m in MQD-25-163 and 0.9m of 11.9 g/t
from 143.0m in MQD-25-168.
Given the broad spacing, a large area of 250 meters by 1,000 meters remains poorly tested and
likely contains additional untested shears. Additional drill holes will be planned for later in the year
following a thorough analysis of oriented core data and the distribution of the different diorite
intrusion phases.
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Table 1: Significant intercepts
HOLE ID FROM TO LENGTH (m) TRUE
WIDTH (m)
CUT GRADE
(g/t Au)
UNCUT
GRADE
(g/t Au)
MQD-25-146 160.00 163.00 3.00 2.2 0.44 0.44
224.20 230.00 5.80 4.3 0.39 0.39
incl 224.20 224.50 0.30 0.2 5.37 5.37
248.15 251.50 3.35 2.5 0.93 0.93
incl 248.75 251.00 2.25 1.7 1.17 1.17
MQD-25-149 140.65 144.71 4.06 3.2 1.08 1.08
109.95 113.65 3.70 2.7 0.35 0.35
132.00 137.00 5.00 3.7 0.44 0.44
190.00 194.00 4.00 3.0 0.38 0.38
MQD-25-150 109.95 113.65 3.70 2.7 0.35 0.35
132.00 137.00 5.00 3.7 0.44 0.44
190.00 194.00 4.00 3.0 0.38 0.38
MQD-25-161 115.50 116.70 1.20 0.9 1.02 1.02
MQD-25-162 203.00 205.00 2.00 1.4 0.36 0.36
MQD-25-163 55.85 56.15 0.30 0.2 5.86 5.86
MQD-25-164 No significant intercepts
MQD-25-168 143.00 143.90 0.90 0.6 11.9 11.9
175.50 180.00 4.50 2.9 0.36 0.36
MQD-25-174 333.00 334.00 1.00 0.7 3.06 3.06
350.30 351.30 1.00 0.7 3.57 3.57
MQD-25-175 186.00 195.45 9.45 6.7 6.02 6.02
incl 193.00 195.45 2.45 1.7 22.2 22.2
226.00 231.00 5.00 3.6 0.32 0.32
MQD-25-176 117.00 130.00 13.00 9.0 2.30 2.30
incl 124.00 127.00 3.00 2.1 9.00 9.00
incl 124.00 126.00 2.00 1.4 12.9 12.9
144.00 154.00 10.00 6.9 1.17 1.17
incl 149.00 153.00 4.00 2.8 2.67 2.67
182.00 185.50 3.50 2.4 0.46 0.46
219.00 222.00 3.00 2.1 0.45 0.45
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MQD-25-177 41.40 44.90 3.50 2.4 2.72 2.72
incl 42.15 44.90 2.75 1.9 3.33 3.33
incl 43.00 43.40 0.40 0.3 9.67 9.67
109.90 113.35 3.45 2.4 0.76 0.76
215.00 218.00 3.00 2.1 0.93 0.93
242.00 245.00 3.00 2.1 3.54 3.54
incl 242.00 243.00 1.00 0.7 7.28 7.28
Intersections calculated above a 0.3 g/t Au cut off with a top cut of 30 g/t Au and a maximum internal waste
interval of 5 metres. Shaded intervals are intersections calculated above a 1.0 g/t Au cut off. Intervals in bold are
those with a grade thickness factor exceeding 20 gram x metres / tonne gold. True widths are approximate and
assume a subvertical body.
Table 2: Drill Collars
HOLE EAST NORTH RL AZIMUTH DIP EOH
MQD-25-146 669,851 5,380,005 428 155.0 -45.0 258.00
MQD-25-149 670,016 5,380,050 428 155.0 -45.0 251.95
MQD-25-150 670,055 5,379,981 428 155.0 -45.0 210.00
MQD-25-161 670,353 5,380,089 428 154.9 -46.1 234.00
MQD-25-162 670,590 5,380,352 429 155.3 -45.5 300.00
MQD-25-163 670,235 5,380,051 428 155.0 -46.6 201.00
MQD-25-164 670,354 5,380,247 428 155.1 -50.2 255.00
MQD-25-168 670,783 5,380,442 428 155.0 -49.8 252.00
MQD-25-174 669,912 5,380,013 428 156.0 -48.8 354.00
MQD-25-175 669,812 5,379,961 429 154.0 -49.3 336.00
MQD-25-176 669,941 5,379,939 428 155.2 -49.0 288.00
MQD-25-177 669,867 5,379,892 428 155.0 -49.0 252.00
Analytical and QA/QC Procedures
The HQ diameter drill core has been oriented using ACTIII or equivalent tools and validated in
the core shack. All core has been sawed in half cut just off the core orientation line (bottom of
hole) with the right half (looking down hole) of the core bagged and sent a third-party analytical
laboratory. The left half of the core was re turned to core boxes and is stored at Goldshore’s
Kashabowie core yard facility.
All samples were sent to ALS Geochemistry in Thunder Bay for preparation and analysis was
performed in the ALS Vancouver analytical facility. ALS is accredited by the Standards Council of
Canada (SCC) for the Accreditation of Mineral Analysis Testing Labor atories and CAN -P-4E
ISO/IEC 17025. Samples were analysed for gold via fire assay with an AA finish (“Au-AA23”) and
48 pathfinder elements via ICP-MS after four-acid digestion (“ME-MS61”). Samples that assayed
over 10 ppm Au were re-run via fire assay with a gravimetric finish (“Au-GRA21”).
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In addition to ALS quality assurance / quality control (“ QA/QC”) protocols, Goldshore has
implemented a quality control program for all samples collected through the drilling program. The
quality control program was designed by a qualified and independent third party, with a focus on
the quality of analytical results for gold. Analytical results are received, imported to our secure on-
line database and evaluated to meet our established guidelines to ensure that all sample batches
pass industry best practic e for analytical quality control. Certified reference materials are
considered acceptable if values returned are within three standard deviations of the certified value
reported by the manufacture of the material. In addition to the certified reference material, certified
blank material is included in the sample stream to monitor contamination during sample
preparation. Blank material results are assessed based on the returned gold result being less
than ten times the quoted lower detection limit of the ana lytical method. The results of the on -
going analytical quality control program are evaluated and reported to Goldshore by Orix
Geoscience Inc.
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.
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 for the wor ld’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 $60
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 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:
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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 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 potential mineralization
at the Moss Gold Project based on the winter drill program, including the potentia l for additional
mineral resources; the enhancement of the Moss Gold Project; statements regarding the
Company’s future drill plans, including the expected benefits and results thereof; that the Superion
target has the potential to significantly add to the current mineral resource estimate within the top
200 meters from surface with continued drilling and to reduce the overall strip ratio of the deposit;
the potential for resource growth at Moss and the fact that the results have the potential to
significantly impact the economic performance of the deposit moving forward; the potential for a
much larger mineralized system and that it w ill be pursued in the near future through
additional drilling; 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:
uncertainty and variation in the estimation of mineral resources; risks related to exploration,
development, and operation activities; 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; the economic performance of the deposit may not be consistent
with management’s expectations; the Company’s exploration work may not deliver the results
expected; the fluctuating price of gold; unknown l iabilities in connection with acquisitions ;
compliance with extensive government regulation; delays in obtaining or failure to obtain
governmental permits, or non -compliance with permits; environmental and other regulatory
requirements; domestic and foreign laws and regulations could adversely affect the Company’s
business and results of operations; risks related to natural disasters, terrorist acts, health crises,
and other disruptions and dislocations; global financial conditions; uninsured risks; climate change
risks; competitio n from other companies and individuals; conflicts of interest; risks related to
compliance with anti -corruption laws; the Company’s limited operating history; intervention by