{kanada_flagge}100,000 meters or in other words 100 kilometers (!) in length is the drill program Goldshore Resources (TSXV GSHR / WKN A3CRU9) is completing at its Moss Lake gold project in the Canadian province of Ontario. Given the continued drill success, the existing resource is expected to increase significantly once the new results are incorporated. Today, CEO Brett Richards’ company again reported strong results from Moss Lake.
{kanada_flagge}100,000 meters or in other words 100 kilometers (!) in length is the drill program Goldshore Resources (TSXV GSHR / WKN A3CRU9) is completing at its Moss Lake gold project in the Canadian province of Ontario. Given the continued drill success, the existing resource is expected to increase significantly once the new results are incorporated. Today, CEO Brett Richards’ company again reported strong results from Moss Lake.
These were seven holes drilled to define the so-called QES zone which encountered thick zones of gold mineralization with numerous closely spaced shears in areas that had been little drilled previously.
The highlights were:
– 0.86 g/t gold over 120.65 m from 593.0 m depth in MQD-22-104, including
1.33 g/t gold over 54.45 m from 657.0 m depth
– 1.06 g/t gold over 44.3 m from 591.15 m depth in MQD-22-099, including
1.55 g/t gold over 27.1 m from 594.0 m
– 0.48 g/t gold over 185.55 m from 208.4 m depth in MQD-22-0100, including
1.67 g/t gold over 12.75m from 346.25m
– 0.81 g/t gold over 61.35 m from a depth of 614.65 m in MQD-22-101, including
1.18 g/t gold over 14.65 m from 623.35 m
– 0.74 g/t gold over 80.95 m from 193.05 m depth in MQD-22-102, including
1.43 g/t gold over 20.0 m from 246.1 m depth and
– 0.71 g/t gold over 77 m from 190.0 m depth in MQD-22-103, including
1.43 g/t gold over 16.0 m from 203.0 m
NEW: Follow us on Twitter for more English content!
In addition, however, drilling also encountered parallel mineralized shears located at shallow depths to the south of the main part of the QES zone, which remain open on strike. This extends the cumulative thickness of the QES zone by more than 100 meters to 620 meters now! The best results reported by Goldshore were:
– 2.23 g/t gold over 11.2 m from 119.05 m depth,
– 5.90 g/t gold over 2.6 m from 91.0 meters depth and
– 2.41 g/t gold over 8.5 m from 112.7 m depth.
Summary: Over the past 12 months, Goldshore Resources has consistently provided drill results from the Moss Lake Gold Project that support the company’s thesis that the project will undergo a substantial and significant resource estimate update once the new results are incorporated. This is expected as early as April of this year! Goldshore then plans to have a preliminary economic assessment (PEA) prepared on Moss Lake right away on that basis, another potential trigger for a reassessment of the company, we believe. Goldshore continues to discover extensions of the resource with its expansion drilling – both on strike and laterally from the historic resource profile – and the QES zone is also becoming increasingly thick. We are therefore already very, very excited about April, when it will become clear how all this will be reflected in the resource! Maybe then the stock will also get the “love” from the market that we think it deserves…
Risk notice: GOLDINVEST Consulting GmbH offers editors, agencies and companies the possibility to publish comments, analyses and news on https://www.goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as a promise of possible price developments. Furthermore, they in no way replace an individual expert investment advice, it is rather promotional / journalistic publications. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. The acquisition of securities, especially with shares in the penny stock area, carries high risks, which can lead to a total loss of the invested capital. The GOLDINVEST Consulting GmbH and its authors exclude any liability for financial losses or the contentwise warranty for actuality, correctness, adequacy and completeness of the articles offered here expressly. Please also note our terms of use.
Pursuant to §34b WpHG (Securities Trading Act) and according to Paragraph 48f (5) BörseG (Austrian Stock Exchange Act) we would like to point out that principals, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares of Goldshore Resources and therefore a possible conflict of interest exists. We also cannot exclude that other stock letters, media or research firms discuss the stocks we recommend during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between Goldshore Resources and GOLDINVEST Consulting GmbH, which means that a conflict of interest exists.
