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(Kitco News) - Goldshore Resources (TSXV: GSHR) today announced an updated mineral resource estimate (MRE) for the Moss deposit and a maiden mineral resource estimate for the East Coldstream deposit, both located at its 100%-owned Moss gold project in Ontario, Canada.
In a press release, the company said that the MRE for the Moss deposit grew with 24% more contained gold ounces and 32% more tonnes from 4.17Moz Au in 121.7Mt (November 2022 mineral resource estimate) to 5.42Moz Au at 1.03 g/t Au within 163.6Mt (open pit and underground).
Goldshore noted that there is clear expansion potential over the 8km-long belt through strike extensions (in both directions) and parallel shears where gold mineralization has been intersected but is sparsely drilled.
The company also noted that East Coldstream MRE introduced at 580Koz at 0.91 g/t Au in 20.0Mt (open pit and underground).
Importantly, Goldshore pointed out that the Moss gold project’s global inferred resource grew 44% to 6.00Moz at 1.02 g/t within 183.6Mt, adding that the project is host to 29 additional targets over a 35 km trend, which the company continues to evaluate and prioritize for future drill campaigns.
"This resource increase implied by the Moss gold project demonstrates the scale of the project and the opportunity for a high-grade open-pit gold project," the company said. "Work is well underway on studies to support a preliminary economic assessment planned for later this year."
Goldshore is an emerging junior gold development company that owns the Moss gold project located in Ontario. The company plans to advance the Moss gold project through the next stages of exploration and development. Wesdome Gold Mines is currently a large shareholder of Goldshore.
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