Goldshore Intersects Shallow Mineralization at Moss with 25.89m of 1.15 g/t Au Including 3.17m of 6.8 g/t Au at 84.91m Depth Below Surface
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Goldshore Intersects Shallow Mineralization at Moss with 25.89m of 1.15 g/t Au
Including 3.17m of 6.8 g/t Au at 84.91m Depth Below Surface
VANCOUVER, B.C., March 20, 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 15,000-meter drill program and results from the Southwest Zone of the
Moss Gold Project in Northwest Ontario, Canada (the “Moss Gold Project”).
Michael Henrichsen, CEO of Goldshore commented, “We are pleased with the continued success
of our 15,000-meter winter drill program. Drilling at the Southwest Zone continues to demonstrate
the upside of the Moss Gold Deposit, where results to date have brought mineralized shears
toward surface, effectively converting waste to ore . Additionally, mineralization has been
extended beneath the conceptual open pit , highlighting the potential for significant resource
growth with additional drilling. Our focus is to continue demonstrating upside within the deposit,
with the drill rigs currently following up on the Superion discovery at shallow depths at the
northeast region of the deposit. We look forward to reporting continued accretive drill results over
the coming weeks.”
Highlights
• Results from five drill holes continued to extend mineralized shears toward surface at
the Southwest Zone with best intercepts of:
o 25.0m of 0.68 g/t Au from 133m in MMD-25-140
o 25.5m of 0.71 g/t Au from 270.5m in MMD-25-142, including
▪ 3.1m of 3.92 g/t Au from 281m
o 5.15m of 2.68g/t Au from 135.65m in MMD-25-147, including
▪ 2.35m of 5.19 g/t Au from 135.65m
• Two holes drilling through previously defined lower grade material of the Southwest Zone
have intercepted higher than anticipated grades in comparison to the current MRE
with best intercepts of:
o 8.0m of 2.53 g/t Au from 125m in MMD-25-142, including
▪ 4.2m of 4.57 g/t Au from 127m
o 33.9m of 0.83 g/t Au from 192m, including
▪ 0.65m of 23.8 g/t Au from 201.45m
o 25.89m of 1.15 g/t Au from 84.91m in MMD-25-147, including
▪ 3.17m of 6.8 g/t Au from 107.63m
▪ 1.18m of 15.8 g/t Au from 109.62m
2
• Two holes were extended to test mineralized shears beneath the current open pit
design with best intercepts of:
o 15.0m of 1.68 g/t Au from 456m in MMD-25-140, including
▪ 1.0m of 11.6 g/t Au from 470m
o 25.5m of 0.71 g/t Au from 270.5m in MMD-25-142, including
▪ 3.10m of 3.92 g/t Au from 281.0m
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 MMD-24-137 and MMD-
25-147 that demonstrates the potential to extend the mineralized shears zones of the Southwest
zone to surface and at depth . Tables 1 & 2 summarize significant intercepts and drill hole
locations, respectively.
Figure 1: Illustrates the 2025 ongoing winter drill program targeting resource expansion within the conceptual open
pit outlined in grey. Drill holes being reported are highlighted in red.
3
Figure 2: Drill section through MMD-25-147 and MMD-25-147 illustrating the discovery of higher than expected gold
grades in near surface shears at the Southwest Zone. The section also shows how the current pit shell is constrained
at depth by the resource model that can be extended at depth with additional drilling.
Drilling at the Southwest Zone continues to focus on adding to the mineral resource by infilling
gaps within the current model created by sparse drilling. Drilling at shallow depths of 100 to 200
meters will allow for mineralized shear zones to be extended to the surface. Drilling at depths of
200 to 400 meters will allow the expansion of the open pit resource to a similar depth as the Main-
QES pit (~500 meters).
Hole MMD-24-137 collared into a sequence of andesitic and dacitic volcanic rocks with a swarm
of narrow to epidote -chlorite altered diorite dykes until intersecting sheared sedimentary rocks
containing a mineralized exhalative horizon at 188m. The exhalative horizon returned elevated
gold and copper values including the intercept of 14.0m of 0.62 g/t Au and 0.41% Cu from
196.0m, including 3.0m of 1.58 g/t Au and 1.19% Cu from 204.05m (Figure 3). While the
exhalative horizon does not appear to extend for any significant strike length, the new intersection
highlights the potential for additional deposit styles and amplifies the potential of numerous
untested conductors across the Moss claim packa ge that correspond to known VMS
mineralization. Further desktop work is underway to evaluate similarities between the new horizon
and the historic North Coldstream Cu-Au VMS mine. The hole was terminated after it entered the
Southwest Zone diorite package that hosts mineralized shears tested by previous drillholes.
Hole MMD-25-141 collared into the northern dacite volcanic package before intersecting the
centre of the Southwest Zone between high grade lenses. The hole intersected a weakly sheared,
wide alternating silica-sericite and epidote -chlorite altered diorite intrusion package yielding
several narrow lower grade intercepts such as 12.2m of 0.61 g/t Au from 163.0m and 13.0m of
0.61 g/t Au from 332m. The area had been previously modelled as having dominantly lower
grades, which was confirmed by the infill drilling.
4
Hole MMD-25-140 and MMD-25-142 targeted the western end of the Southwest Zone aiming to
both extend shears to surface near the collar and extend the core high grade shears below the
current conceptual pit. Both holes collared into the andesitic and dacitic volcanic rocks before
both drilling into the typical altered and locally sheared diorite package. Both holes extended
existing mineralized shears towards surface with intercepts such as 25.0m of 0.68 g/t Au from
133.0m, including 3.2m of 1.19 g/t Au from 138.0m and 3.5m of 1.53 g/t Au from 154.5m, in MMD-
25-140 and 6 .5m of 1.11 g/t Au from 57.0m in MMD-25-142. Additionally, each hole extended
mineralization beneath the conceptual open pit with intercepts of 15.0m of 1.68 g/t Au from
456m, including 3.0m of 3.19 g/t Au from 458.0m in MMD-25-140 and 25.5m of 0.71 g/t Au from
270.5m, including 3.1m of 3.92 g/t Au from 281.0m.
Hole MMD-24-147 was collared into the Southwest Zone targeting the upward extension of
several mineralized shears below Snodgrass Lake. The hole collared into the typical altered and
locally sheared diorite- and granodiorite-hosted mineralization and drilled through to the volcanic
package at 241m , shortly after which the hole was stopped. The hole intersected higher than
predicted grades in comparison to the current MRE yielding an intercept of 25.89m of 1.15 g/t
Au from 84.91m, including 3.17m of 6.8 g/t Au from 107.63m (Figure 4). The hole additionally
confirmed the extension of several mineralized shears towards surface with intercepts of 5.15m
of 2.68 g/t Au from 135.65m and 7.29m of 1.03g/t g/t Au from 216.14m.
Figure 3: Hole MMD-24-137: Sheared and mineralized sedimentary unit containing exhalative sulphides (VMS)
returning 14.0m of 0.62 g/t Au & 0.41% Cu from 196m.
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Figure 4: Hole MMD-25-147: Sheared, sericite-silica-hematite altered granodiorite returning 25.89m of 1.15 g/t
Au from 84.91m at the Southwest Zone.
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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)
MMD-24-137 163.00 168.35 5.35 4.0 0.41 0.41
181.00 183.00 2.00 1.5 1.93 1.93
189.00 192.00 3.00 2.3 0.31 0.31
196.00 210.00 14.00 10.7 0.62 0.62
incl 204.05 207.05 3.00 2.3 1.58 1.58
MMD-25-140 56.00 58.00 2.00 1.3 0.34 0.34
133.00 158.00 25.00 17.3 0.68 0.68
incl 138.00 141.20 3.20 2.2 1.19 1.19
and 154.50 158.00 3.50 2.4 1.53 1.53
166.00 168.00 2.00 1.4 0.35 0.35
222.00 225.50 3.50 2.5 0.42 0.42
294.00 304.25 10.25 7.4 0.48 0.48
314.00 316.00 2.00 1.5 0.73 0.73
323.00 329.35 6.35 4.6 0.56 0.56
359.00 362.45 3.45 2.5 0.37 0.37
370.50 394.00 23.50 17.5 0.38 0.38
406.00 411.95 5.95 4.5 0.34 0.34
435.40 443.35 7.95 6.0 0.35 0.35
456.00 471.00 15.00 11.4 1.68 1.68
incl 458.00 461.00 3.00 2.3 3.19 3.19
incl 458.00 458.40 0.40 0.4 13.6 13.6
and 470.00 471.00 1.00 1.0 11.6 11.6
489.75 504.15 14.40 11.1 0.59 0.59
incl 490.90 494.50 3.60 2.8 1.59 1.59
512.00 514.00 2.00 1.5 0.36 0.36
535.00 537.00 2.00 1.6 0.46 0.46
MMD-25-141 50.96 54.00 3.04 1.8 0.39 0.39
63.00 72.00 9.00 5.4 0.36 0.36
121.40 124.00 2.60 1.6 0.44 0.44
129.00 134.00 5.00 3.0 0.37 0.37
143.00 145.00 2.00 1.2 1.00 1.00
153.00 157.00 4.00 2.4 0.47 0.47
163.00 175.20 12.20 7.5 0.61 0.61
203.00 208.25 5.25 3.3 0.71 0.71
276.00 279.00 3.00 1.9 0.32 0.32
7
332.00 345.00 13.00 8.3 0.61 0.61
incl 339.40 339.75 0.35 0.2 8.28 8.28
397.15 402.15 5.00 3.3 0.31 0.31
442.00 456.00 14.00 9.2 0.57 0.57
incl 448.00 449.00 1.00 0.7 5.42 5.42
482.60 496.00 13.40 8.9 0.51 0.51
546.00 552.00 6.00 4.1 0.70 0.70
MMD-25-142 47.00 50.00 3.00 2.2 0.57 0.57
57.00 66.00 9.00 6.5 1.11 1.11
83.50 87.90 4.40 3.2 0.36 0.36
94.00 96.00 2.00 1.5 0.50 0.50
113.00 117.00 4.00 2.9 0.57 0.57
125.00 133.00 8.00 5.9 2.53 2.53
incl 127.00 131.20 4.20 3.1 4.57 4.57
incl 127.00 128.00 1.00 0.7 9.06 9.06
and 129.15 130.20 1.05 0.8 6.32 6.32
146.00 148.00 2.00 1.5 0.45 0.45
158.35 165.05 6.70 5.0 1.19 1.19
incl 158.35 159.25 0.90 0.7 5.48 5.48
192.00 225.90 33.90 25.7 0.83 0.83
incl 201.45 202.10 0.65 0.5 23.8 23.8
240.85 246.00 5.15 3.9 0.48 0.48
270.50 296.00 25.50 19.7 0.71 0.71
incl 281.00 284.10 3.10 2.4 3.92 3.92
incl 283.00 284.10 1.10 0.8 8.48 8.48
334.00 344.40 10.40 8.1 0.61 0.61
MMD-25-147 5.60 12.26 6.66 4.8 1.20 1.20
incl 6.60 8.90 2.30 1.6 2.42 2.42
57.16 65.25 8.09 5.8 0.44 0.44
84.91 110.80 25.89 18.8 1.15 1.43
incl 107.63 110.80 3.17 2.3 6.80 9.11
incl 107.63 108.00 0.37 0.3 5.43 5.43
and 109.62 110.80 1.18 0.9 15.8 22.0
116.00 123.55 7.55 5.5 0.38 0.38
135.65 140.80 5.15 3.8 2.68 2.68
135.65 138.00 2.35 1.7 5.19 5.19
incl 135.65 136.58 0.93 0.7 9.67 9.67
147.44 153.33 5.89 4.3 0.32 0.32
157.75 168.00 10.25 7.6 0.34 0.34
8
178.00 180.48 2.48 1.8 0.50 0.50
216.14 223.43 7.29 5.5 1.03 1.03
incl 220.70 223.43 2.73 2.0 2.11 2.11
236.00 241.00 5.00 3.8 0.57 0.57
252.00 264.70 12.70 9.6 0.59 0.59
incl 261.50 264.70 3.20 2.4 1.23 1.23
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
MMD-24-137 668,651 5,378,014 428 321 -45 219.0
MMD-25-140 668,434 5,377,857 429 318 -49 552.0
MMD-25-141 668,350 5,378,283 445 132 -55 555.0
MMD-25-142 668,357 5,377,944 427 321 -46 375.0
MMD-25-147 668,462 5,378,236 436 130 -45 279.0
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 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.