Goldshore Expands Winter Drill Program to 20,000 Meters
Press Release
VANCOUVER, B.C., April 9, 2025: Goldshore Resources Inc. (TSXV: GSHR / OTCQB: GSHRF / FWB: 8X00) (“Goldshore” or the “Company”), is pleased to announce a 5,000-meter expansion of its winter diamond drilling program at its 100% owned Moss Gold Project (“Moss” or the ”Project”) located in Ontario, Canada.
Due to the successful results and cost-effective execution of the ongoing drilling program, which is nearing completion well under budget, Goldshore is adding an additional 5,000 meters of drilling bringing the total winter diamond drilling program to 20,000 meters. The additional meters will be focused on the following:
1. Expanding the resource at the southwest portion of the deposit by drilling underneath the current conceptual open pit, following up on drill hole MMD-24-139 which intersected 20.55m of 2.58 g/t Au from 458.15m, including 14.7m of 3.52 g/t Au, and
2. Closing the gap between the Southwest and Moss Main pits (Figure 1). The Company believes this program has the potential to add significantly to the current Mineral Resource Estimate with a minimal amount of additional drilling and positively impact the economic performance of the project.
Michael Henrichsen, CEO of Goldshore commented, “We’re very pleased to expand our existing program, fueled in part by efficiencies from our ongoing work, as this will allow us to focus on drilling in the Southwest deposit with the objective to deepen the Southwest open-pit resource to the same depths of the Main-QES pit.“
Figure 1: Illustrates the focus of expanding the resource beneath the Southwest pit to the equivalent depth of the Main-QES pit.
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.
E: mhenrichsen@goldshoreresources.com
W: www.goldshoreresources.com
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