Goldshore Intersects 124.35m of 1.65 g/t Au, Including 47.0m of 3.08 g/t Au, at the Moss Deposit
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Goldshore Intersects 124.35m of 1.65 g/t Au, Including 47.0m of 3.08 g/t Au,
at the Moss Deposit
VANCOUVER, B.C., April 22, 2025: Goldshore Resources Inc. (TSXV: GSHR / OTCQB:
GSHRF / FWB: 8X00) (“Goldshore” or the “Company”), is pleased to announce its latest assay
results from its ongoing 20,000-meter drill program and the first results from QES Up program
targeting the near surface extension of the most northern QES shears at the Moss Gold Project
in Northwest Ontario, Canada (the “Moss Gold Project”). In addition, the drilling targeted the
main QES zone to determine the continuity of higher-grade mineralization and its orientation.
Michael Henrichsen, CEO of Goldshore commented, “Results from our drilling campaign continue
to demonstrate both the consistency and continuity of grade at the Moss Deposit with drill hole
MQD-25-171 surpassing the 200 grade x thickness (GxT) threshold representing the highest GxT
ever reported by the Company. We are pleased to see good continuity of higher grades as well
as determining that this higher-grade mineralization has a shallow plunge to the west, which will
help us target additional high-grade mineralization within the deposit. We look forward to further
results being released over the coming weeks.”
Highlights:
• Results from two drill holes , which infilled significant drilling gaps in the QES Z one,
intersected wide intervals of gold-mineralized core shears, including the highest-grade x
thickness intersection ever reported by Goldshore. The results confirm the presence of
shallow-plunging, higher-grade gold mineralization within the core shears and
demonstrate the potential to discover additional plunging shoots. In addition, the results
from MQD -25-171 exceeded the grade expectations based on the current Mineral
Resource Estimate (MRE) with best intercepts of:
o 124.35m of 1.65 g/t Au from 295.0m in MQD-25-171, including
7.55m of 1.97 g/t Au from 322.3m and
47.0m of 3.08 g/t Au from 336.0m
o 77.5m of 0.54 g/t Au from 203.5m in MQD-25-170, including
11.4m of 1.24 g/t Au from 208.6m and
7.35m of 1.09 g/t Au from 246.0m
• Three additional short holes and the two extended holes successfully intersected the near
surface extensions of deeper marginal shears along the northern edge of the QES Z one
at QES Up with best intercepts of:
o 8.6m of 0.53 g/t Au from 138.4m in MQD-25-153, including
2.0m of 1.03 g/t Au from 145m
o 7.2m of 0.36 g/t Au from 107m in MQD-25-154
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o 13.55m of 0.59 g/t Au from 88.5m in MQD-25-156, including
2.1m of 1.17 g/t Au from 96.9m
o 3.0m of 1.60 g/t Au from 75.0m in MQD-25-170
o 8.0m of 0.54 g/t Au from 83.0m in MQD-25-171
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 hole MQD-25-171. 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-25-171 illustrating the mineralized core shears in the QES Zone, as well as the
extension of marginal shears toward surface on the northern flank of the QES Zone (QES Up).
Ongoing drilling has targeted QES Up, which aims to prove the surface extension of deeper -
modelled mineralized shear zones along the northern boundary of the QES Zone. This area lies
entirely within the conceptual open pit with all mineralized intersections representing opportunities
to convert currently modelled waste to mineral resource. Two holes were extended through the
entirety of the QES Zone, where they infilled gaps in the existing drilling.
Holes MQD-25-153, MQD-25-154, MQD-25-156, MQD-25-170, and MQD-25-171 were drilled on
100m sections targeting surface extensions of deeper-modelled mineralized shear zones along
the northern boundary of the QES Z one. All five holes collared into a weakly deformed and
chlorite-epidote altered diorite with intermittent sericite-silica-hematite alter ed shear zones
increasing with intensity at depth. The sericite-silica-hematite shears are moderately mineralized
with intercepts including 8.6m of 0.53 g/t Au from 138.4m in MQD-25-153, including 2.0m of 1.03
g/t Au from 145m; 10.0m of 0.36 g/t Au from 107m in MQD -25-154; 13.55m of 0.59 g/t Au from
88.5m in MQD-25-156, including 2.1m of 1.17 g/t Au from 96.9m; 3.0m of 1.60 g/t Au from 75.0m
in MQD-25-170; and 8.0m of 0.54 g/t Au from 83.0m in MQD-25-171 among several other lower-
grade shears (Table 1).
The first three holes ( MQD-25-153, MQD-25-154, MQD-25-156) were terminated within the
mineralized QES envelope, as the deeper sections of the Zone have been sufficiently tested by
previous drilling.
Hole MQD-25-170 was drilled 100m further west and was extended through the full width of the
QES Zone to infill a volume of minimal drill testing. The hole intersected the typical QES
assemblage, collaring in a chlorite- epidote altered diorite and transitioning into a sheared and
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mineralized sericite-silica-hematite altered granodiorite. This interval returned a wide intercept of
77.5m of 0.54 g/t Au from 203.5m, including 11.4m of 1.24 g/t Au from 208.6m and 7.35m of 1.09
g/t Au from 246.0m. The hole transitioned back to a sericite-chlorite altered diorite with localized
meter-scale mineralize d shears, returning intercepts of 7.25m of 0.85 g/t Au from 314.75m
including 4.25m of 1.34 g/t Au from 314.75m, and 7.0m of 1.40 g/t Au from 333.0m , including
5.2m of 1.71 g/t Au from 333.0m among several other mineralized shears noted in Table 1.
Hole MQD-25-171 was drilled an additional 100m further west of MQD-25-170 near the western
edge of the QES Zone. The hole was extended through the QES Zone to test an isolated high-
grade pod encountered in historical drilling (hole 90-109: 108m of 1.39 g/t Au from 201m, including
58m of 1.86 g/t Au from 222m, not shown in Figure 2) and is above the intercept in MQD-22-094,
which is 25.4m of 1.00 g/t Au from 579.5m . The hole collared into the typical chlorite-epidote
altered diorite and transitioned into a strongly sheared and mineralized sericite- silica-hematite
altered granodiorite which returned the highest grade x width intersection ever reported by
Goldshore of 124.35m of 1.65 g/t Au from 295.0m , including 7.55m of 1.97 g/t Au from 322.3m,
47.0m of 3.08 g/t Au from 336.0m, and 9.05m of 1.32 g/t Au from 407.0m. Parallel shears to this
intersection also returned mineralized intervals including 14.0m of 0.63 g/t Au from 254.0m,
including 5.0m of 1.14 g/t Au, and 27.6m of 0.68 g/t Au from 469.4m, including 4.5m of 1.16 g/t
Au from 478m among several other mineralized shears noted in Table 1.
The broad mineralized intercept is believed to represent a higher-grade mineralized shoot that
extends along a distinct, near-horizontal, plunging zone, which will be explored further during the
deposit definition drilling program.
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Figure 3: High-grade portion of sheared and mineralized granodiorite in MQD-25-171 returning 47.0m of 3.08
g/t Au from 336.0m along the western edge of the QES Zone
Table 1: Significant intercepts
HOLE ID FROM TO LENGTH (m) TRUE WIDTH (m) CUT GRADE
(g/t Au)
UNCUT GRADE
(g/t Au)
MQD-25-153 48.00 58.00 10.00 7.2 0.31 0.31
78.55 81.65 3.10 2.3 0.37 0.37
100.00 115.00 15.00 11.0 0.36 0.36
138.40 147.00 8.60 6.3 0.53 0.53
incl 145.00 147.00 2.00 1.5 1.03 1.03
MQD-25-154 107.00 117.00 10.00 7.2 0.36 0.36
134.50 142.00 7.50 5.4 0.46 0.46
MQD-25-156 88.55 102.10 13.55 10.4 0.59 0.59
incl 96.90 99.00 2.10 1.6 1.17 1.17
MQD-25-170 75.00 78.00 3.00 2.1 1.60 1.60
incl 76.00 78.00 2.00 1.4 2.17 2.17
107.00 116.00 9.00 6.4 0.42 0.42
159.00 186.00 27.00 19.4 0.34 0.34
203.50 281.00 77.50 56.4 0.54 0.54
incl 208.60 220.00 11.40 8.2 1.24 1.24
and 246.00 253.35 7.35 5.3 1.09 1.09
298.00 309.00 11.00 8.1 0.55 0.55
314.75 322.00 7.25 5.3 0.85 0.85
incl 314.75 319.00 4.25 3.1 1.34 1.34
333.00 340.00 7.00 5.2 1.40 1.40
incl 333.00 338.20 5.20 3.8 1.71 1.71
350.55 356.45 5.90 4.4 0.81 0.81
366.50 372.00 5.50 4.1 0.74 0.74
408.00 412.00 4.00 3.0 0.34 0.34
MQD-25-171 48.75 58.00 9.25 6.2 0.36 0.36
83.00 91.00 8.00 5.4 0.54 0.54
104.00 108.00 4.00 2.7 0.37 0.37
130.00 134.00 4.00 2.7 0.45 0.45
150.00 155.25 5.25 3.6 0.47 0.47
223.00 225.00 2.00 1.4 0.42 0.42
231.10 242.00 10.90 7.6 0.49 0.49
254.00 268.00 14.00 9.8 0.63 0.63
incl 255.00 260.00 5.00 3.5 1.14 1.14
274.00 288.00 14.00 9.9 0.33 0.33
295.00 419.35 124.35 89.9 1.65 1.68
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incl 298.00 303.00 5.00 3.5 1.34 1.34
and 322.30 329.85 7.55 5.4 1.97 1.97
and 336.00 383.00 47.00 34.0 3.08 3.15
incl 346.75 348.80 2.05 1.5 18.6 20.2
and 359.00 360.40 1.40 1.0 12.7 12.7
and 375.10 376.00 0.90 0.7 18.6 18.6
and 407.00 416.05 9.05 6.7 1.32 1.32
432.00 434.00 2.00 1.5 0.68 0.68
469.40 497.00 27.60 20.7 0.68 0.68
incl 478.00 482.50 4.50 3.4 1.16 1.16
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-25-153 670,048 5,379,762 428 156.3 -44.1 147.00
MQD-25-154 669,956 5,379,720 428 158.4 -49.7 156.00
MQD-25-156 669,870 5,379,683 428 156.6 -44.1 147.00
MQD-25-170 669,802 5,379,649 427 155.0 -49.8 450.00
MQD-25-171 669,722 5,379,623 428 155.0 -49.2 501.00
Analytical and QA/QC Procedures
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”).
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 analytical method. The results of the on -
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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 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 $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:
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.