GoldShore Intersects Additional Mineralization Beneath the Conceptual Open Pit at the Southwest Zone with 22m of 1.30 g/t Au

Core Insights - Goldshore Resources Inc. announced positive assay results from its 20,000-meter winter drill program at the Moss Gold Project, indicating potential resource expansion beneath the current proposed open pit [2][3] - The drilling targeted the Southwest Zone, with a total of 5,000 meters drilled to infill gaps in the resource model, which is currently treated as waste in the optimization process [4][9] - CEO Michael Henrichsen expressed confidence in adding significant ounces to the future resource estimate based on the successful results of the winter drill program [3] Drilling Results - Seven drill holes were completed, confirming the continuity of multiple parallel shear zones, which may enhance the existing mineral resource estimate [4][7] - Notable intercepts included: - 12.3m of 1.11 g/t Au from 556m in MMD-25-183, including 6.3m of 1.94 g/t Au [7] - 10.0m of 2.76 g/t Au from 314m in MMD-25-185, including 5.0m of 5.06 g/t Au [7] - 22.0m of 1.30 g/t Au from 533m in MMD-25-191, including 3.9m of 3.48 g/t Au [7] Resource Estimate - The updated NI 43-101 mineral resource estimate for the Moss Gold Project includes 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 [26] - The resource estimate currently encompasses only 3.6 kilometers of the 35+ kilometer mineralized trend, indicating significant potential for further exploration and development [26] Technical Overview - The drill program aimed to address data gaps between shallow and deep intercepts, which are critical for optimizing the resource model [9][19] - The results from the drill holes suggest the presence of high-grade mineralization and the potential for resource growth at the Moss Gold Project [7][19] Company Background - Goldshore is focused on acquiring and advancing primary gold assets in tier-one jurisdictions, with a significant investment of over $75 million in the Moss Gold Project [26] - The company is led by experienced professionals in the mining industry and is backed by a prominent private equity firm [26]