Goldshore Summer Field Program Identifies Five New Gold Trends Including Two High Grade Copper-Gold Trends
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Goldshore Summer Field Program Identifies Five New Gold Trends Including Two
High Grade Copper-Gold Trends
VANCOUVER, B.C., September 28, 2023: Goldshore Resources Inc. (TSXV: GSHR / OTCQB:
GSHRF / FWB: 8X00) (“Goldshore” or the “ Company”), is pleased to update the market with
respect to results from the Company’s summer exploration program at the Moss Gold Project in
Northwest Ontario, Canada (the “Moss Gold Project”).
Highlights:
Goldshore field crews have identified five unique gold mineralization trends including two
polymetallic Au-Cu trends across the Moss Gold Project through a combination of ionic leach
soil sampling and property wide field mapping with a combined strike of over 35 kilometers.
Recent rock sample results include:
• Moss Trend – 9.59 g/t Au and 60.6 g/t Ag plus 5.0 g/t Au, 96.2 g/t Ag, and 0.98% Cu
from samples in diorite-hosted shears along strike from the current Mineral Resource
o 24.9 g/t Au and 9.99g/t Ag from samples of strongly altered dacite 200m south of
the Moss Main zone, representing a new parallel zone.
• Kawa Trend – 33.7 g/t Au , 0.64% Zn and 75.3ppm Mo from sheared diorite/volcanic
contacts within a new 6.5 kilometer long belt.
• Hamlin Trend – has been expanded to become an 8 kilometer long polymetallic Au- Ag-
Cu-Mo belt with values including 0.73g/t Au, 0.14% Cu, 7.6 ppm Bi and 7.1 ppm Te.
• Coldstream Trend – has been widened to 800 meters through the discovery of parallel
structures assaying 1.07 g/t Au and 0.98% Zn.
o 9.79 g/t Au from mafic -hosted carbonate shear veins at the “Benton” prospect ,
east of the East Coldstream deposit.
• Vanguard Trend – 3.97% Cu, 1.73g/t Au and 19.1 g/t Ag plus 2.94 g/t Au in a 9 kilometer
long belt of polymetallic VMS Cu- Zn-Au-Ag mineralization that is now found to be 120
meters wide through discovery of additional lenses.
President and CEO Brett Richards stated: “ We have previously stated our confidence to the
market that the Moss Project of c.183Mt containing an inferred resource of 6M oz Au at 1.02g/t
(with 55% of the deposit hosting a shear domain at 1.84 g/t) 1 could be the start to uncovering
multiple deposits of gold mineralization, and polymetallic mineralization on our land package. The
targets that we have identified and now sampled need to be drill tested to prove their v oracity,
and to provide a clearer picture on how best to prioritize the many targets we have previously
highlighted to the market. The 30km trend of mineralization at Moss confirms the exciting potential
of identifying and growing a large, multi -generational mining camp in the Shebandowan
Greenstone belt.”
1 NI 43-101 Technical Report – Mineral Resource Estimate for the Moss Lake Project, Ontario, Canada, dated effective
May 5, 2023.
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Field Program Update
Goldshore embarked on a property wide field reconnaissance program in June 2022 – in the
background to drilling – exploring the numerous unexplained geophysical anomalies and under
explored gold and base metal showings. This program accelerated over the last several months.
The field crews have compiled a systematic interpretation of the project geology, structure,
alteration, and mineralization across the Project. Through this investigation and in combination
with a substantial ionic soil leach program, the historic gold showings and newly discovered
mineralization have resolved to be part of five distinct mineralized trends, including two
polymetallic trends.
Figure 1: Selective results from the ongoing Moss Gold Project field program
The Moss Trend has been confirmed over an 8-kilometer strike containing the existing resource.
The mineralization is dominantly hosted in anastomosing shears through an extensive altered
diorite package. This zone is consistent with a belt of magnetic low bodies (altered intrusions)
adjacent to folded magnetic highs (magnetic -bearing wall rocks) that present a belt with a high
competency and redox contrast. Re cent work has discovered elevated copper and silver
mineralization towards the southwestern extents with recent rock samples returning values
including 9.59 g/t Au and 60.6 g/t Ag, 5.0 g/t Au plus 96.2 g/t Ag, and 0.98% Cu. Samples of
strongly altered dacite 200m south of the Moss Main zone returned assays of 24.9 g/t Au and
9.99g/t Ag, representing a new parallel zone. The field results confirm the interpretation from the
step out and deep drilling at the Moss Gold Project that the mineralized corridor is at least 1,000
meters wide.
The Kawa Trend lies approximately 2 kilometers south of, and parallel to, the Moss Trend over a
6.5-kilometer strike length with a confirmed width of 550m. It has a similar magnetic character as
the Moss Trend and mapping has shown that mineralization is hosted within and along a sheared
diorite/volcanic contact. We therefore expect the Kawa Trend to have the same potential as the
Moss Trend. Partial assays results have been received for this area with values including 33.7g/t
Au.
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The known Hamlin Trend has been extended by 4 kilometers to the east to form an 8-kilometer-
long belt of polymetallic Au-Ag-Cu-Mo mineralization with a confirmed width from 400 to 700
meters. Recent expanded ICP analysis indicat e additional Bi and Te potential. Partial assays
results have been received for this area with values including 0.73g/t Au, 0.14% Cu, 7.6 ppm Bi
and 7.1 ppm Te.
The Coldstream Trend containing the East Coldstream deposit has a confirmed strike of 3.5
kilometers hosted by late shearing within altered mafic volcanics and includes the historic North
Coldstream Cu-Co mine. Recent exploration has discovered parallel mineralized shears within
the northern intermediate volcanics expanding the width potential of the mineralization with rock
sample assays returning values including 1.07 g/t Au and 0.98% Zn.
The Vanguard Trend has an established 9-kilometer strike length of polymetallic VMS Cu-Zn-Au-
Ag mineralization linking with the Iris Lake Au prospect through a series of untested geophysical
conductors. Results from the recent exploration have discovered additional parallel gold bearing
shears north of the main Vangua rd showing and ignored by much of the historic al exploration
giving it width of 120 meters. Partial assays results have been received for this area with values
including 3.97% Cu, 1.73g/t Au and 19.1 g/t Ag and 2.94 g/t Au.
Additional poorly understood prospects defined by historical prospecting and known to host Cu-
Au mineralization have been confirmed toward the east, west, and south of the East Coldstream
deposit with assay results including 9.79 g/t Au. Future exploration programs will focus on better
understanding this mineralization and its potential.
Pete Flindell, VP Exploration for Goldshore, said “Goldshore’s geologists have done an excellent
job of mapping and sampling through challenging terrain to uncover the additional mineralized
potential of the Moss Gold Project . This includes ionic leach soil sampling across muskeg to
understand the character of concealed structural targets. These results speak to district -scale
potential of the Moss Gold Project.”
Corporate Announcement
Heather Laxton has resigned from the Goldshore board of directors with immediate effect.
Heather was a nominee of Wesdome Gold Mines Ltd. and served on the Board since the listing
of the Company.
Qualified Persons
Peter Flindell, P.Geo., MAusIMM, MAIG, Vice President – Exploration of the Company, a qualified
person under NI 43- 101 has approved the scientific and technical information contained in this
news release.
About Goldshore
Goldshore is an emerging junior gold development company, and owns 100% of the Moss Gold
Project located in Ontario. Wesdome is currently a large shareholder of Goldshore with an
approximate 19% equity position in the Company. Well-financed and supported by an industry -
leading management group, board of directors and advisory board, Goldshore is positioned to
advance the Moss Gold Project through the next stages of exploration and development.
Peter Flindell, P.Geo., MAusIMM, MAIG, Vice President – Exploration of the Company, a qualified
person under NI 43- 101 has approved the scientific and technical information contained in this
news release.
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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.
For More Information – Please Contact:
Brett A. Richards
President, Chief Executive Officer and Director
Goldshore Resources Inc.
P. +1 604 288 4416 M. +1 905 449 1500
W. www.goldshoreresources.com
Facebook: GoldShoreRes | Twitter: GoldShoreRes | LinkedIn: goldshoreres
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 developm ents 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, identif ied 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 new s 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.