Category: Gold Shore Resources

Goldshore Adds More High-Grade Shears at the Southwest Zone; Intersects 3.25 g/t Au over 13.05m and 3.88 g/t over 5.6m

Post author By admin
Post date April 25, 2023

Vancouver, British Columbia–(Newsfile Corp. – April 25, 2023) – Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (“Goldshore” or the “Company“), is pleased to announce assay results from its 100,000-meter drill program at the Moss Gold Project in Northwest Ontario, Canada (the “Moss Gold Project” or “Moss Gold Deposit“).

Highlights:

Results from nine holes drilled to infill poorly tested parts of the Southwest Zone have delineated multiple high-grade structures within the broader mineralized envelope with best intercepts of:
Drill results prove that the Southwest Zone is a continuation of the Main Zone and not a fault offset as previously interpreted. Mapping and geophysical data, together with historical scout drilling, show that mineralization continues intermittently for another 3 kilometers to the southwest and that many of the better targets are yet to be drilled.

With drilling recently completed, the Company is preparing an updated mineral resource expected in May (“May 2023 MRE“). The May 2023 MRE will use data from an additional 72 holes compared to the November 2022 mineral resource estimate (“November 2022 MRE“). Mineralization in the resource area remains open in multiple directions.

President and CEO Brett Richards stated: “These results continue to support our thesis that the size and scale of the Moss Gold Project will be large enough to support a material and meaningful update to the mineral resource estimate, which is expected in early May 2023.

“These additional results highlighting the mineralization in the south-west zone augment the press release of April 20, 2023, and continue to expand the zone well outside the historical resource, still open in several directions and at depth. In addition to the May 2023 MRE, we still have 30 quality drill targets to be tested. These include gold, coppercobalt, and polymetallic prospects. We have drilled less than 10% of the identified targets on our land package and are currently building a plan to drill test the better targets. It will be an exciting period when we are ready to evaluate the additional resource potential of the larger inventory of targets within our land package.

“We have focused on the currently defined portion of the Moss Gold Deposit as a meaningful Phase One Project that Goldshore itself can build. The Moss Gold Deposit remains open at depth and through several yet-to-be drilled parallel structures; and it is part of an overall 8-kilometer strike length of gold mineralization in drill holes. This strongly suggests that the Phase One Project is part of a much larger total project.”

Technical Overview

Figure 1 shows the location of the drill holes in this press release and Figure 2 shows a close up of the drilled area with significant intercepts. Figure 3 is a typical section through hole MMD-23-116, -118A. Table 1 shows the significant intercepts. Table 2 shows the drill hole locations.

Figure 1: Location of drill holes in this release relative to the November 2022 MRE and $1,500 open pit shell constraint.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/163605_14b848a0f4042ad4_002full.jpg

Figure 2: Close up of Southwest Zone with significant intercepts relative to the November 2022 MRE and $1,500 open pit shell constraint.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/163605_14b848a0f4042ad4_003full.jpg

Figure 3: Drill section through holes MMD-23-116 and -118A showing the significant expansion of the mineralized model beneath the November 2022 MRE and $1,500 open pit shell constraint, which should add to mineral resources in the May 2023 MRE.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/163605_14b848a0f4042ad4_004full.jpg

The Southwest Zone was previously considered to be a small fault-offset extension of the Main Zone. As a result, it was poorly drilled, which led to the definition of only a small open pit-constrained Mineral Resource (Figure 1 and 2).

Oriented core measurements from earlier drilling showed a significant change in strike of the Southwest Zone, revealing it to be 035º rather than the assumed 065º strike based on the known orientation of the Main and QES Zones. The nine holes reported herein were drilled perpendicular to the new strike to infill a poorly drilled volume in the center of the Southwest Zone at a closer spacing (30 meters) along each section to confirm the continuity of high-grade shears. This should enable greater confidence in the resource and an expansion of the open pit constraints at depth.

Holes MMD-22-111, MMD-23-116, -118A, and -119 intersected several high-grade shears (e.g., 0.65m @ 36.8 g/t Au in MMD-23-116) hosting quartz-carbonate veinlets with up to 3-5% pyritechalcopyrite within a strongly albite-hematite and silica-sericite-pyrite and carbonate altered diorite intrusion complex (Figure 4). The shears anastomose along the same orientation of the zone and trend beyond the area explored by historical drilling.

Holes MMD-22-107, -110, MMD-23-115, -117, -120 intersected wide intervals of low-grade mineralization within the altered intrusion containing localized narrow higher-grade shears. The results are similar to those encountered in the historic drilling and include:

0.58 g/t Au over 37.7m from 11.3m depth in MMD-22-107
0.41 g/t Au over 50.95m from 7.0m depth in MMD-22-110
0.38 g/t Au over 55.1m from 231.9m depth in MMD-23-116
0.43 g/t Au over 122.3 from 24.7m depth in MMD-23-117
0.58 g/t Au over 81.8 from 369.2m depth in MMD-23-118A
0.51 g/t Au over 122.8m from 116.0m depth in MMD-23-119 and
0.61 g/t Au over 33.2m from 447.85m depth

Hole MMD-22-107, -110, and -111 represent the most western holes drilled to date in the Southwest Zone, including historical drilling. They illustrate the continued potential to expand the Moss Gold Deposit beyond the original footprint with the newly understood orientation of the shear structures trending southwest of the historical exploration drilling. Gold has been intersected in scout drill holes over a further three kilometers along strike. Our airborne VTEM/magnetics data show that more favourable targets exist along this corridor in areas that have yet to be drilled.

Figure 4: Drill core from 416.4 – 417.05m (0.65 m @ 36.8 g/t Au) in MMD-23-116 highlighting a pyrite + chalcopyrite mineralized quartz-carbonate vein within the sheared, altered intrusion.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/163605_14b848a0f4042ad4_005full.jpg

Pete Flindell, VP Exploration for Goldshore, said, “These results show that the Southwest Zone is much better mineralized than historical drillholes suggested. They also show that the Moss Gold Deposit is yet to be closed off, confirming our belief that this is a much bigger mineralized system than is appreciated.”

Table 1: Significant downhole gold intercepts

HOLE ID	FROM	TO	LENGTH (m)	TRUE WIDTH (m)	CUT GRADE (g/t Au)	UNCUT GRADE (g/t Au)
MMD-22-107	11.30	49.00	37.70	24.4	0.58	0.58
including	25.30	30.70	5.40	3.5	2.93	2.93
	97.10	101.80	4.70	3.2	0.40	0.40
	113.20	122.45	9.25	6.3	0.35	0.35
	175.20	177.50	2.30	1.6	0.95	0.95
	193.60	201.50	7.90	5.5	0.33	0.33
	210.10	217.00	6.90	4.9	0.30	0.30
	222.05	225.50	3.45	2.4	0.43	0.43
	236.00	251.00	15.00	10.7	0.32	0.32
	334.00	344.00	10.00	7.5	0.65	0.65
including	334.00	336.00	2.00	1.5	1.77	1.77

MMD-22-110	7.00	57.95	50.95	33.3	0.41	0.41
	73.05	83.55	10.50	7.0	0.35	0.35
	88.15	97.00	8.85	6.0	0.38	0.38
	104.45	112.00	7.55	5.2	0.53	0.53
	127.00	132.90	5.90	4.1	0.49	0.49
	166.00	169.00	3.00	2.1	0.39	0.39
	174.00	182.00	8.00	5.7	0.68	0.68
	202.95	208.00	5.05	3.6	0.35	0.35
	241.80	255.00	13.20	9.8	0.31	0.31
	273.60	277.00	3.40	2.5	0.82	0.82
	301.00	319.00	18.00	13.6	0.57	0.57
including	315.05	319.00	3.95	3.0	1.83	1.83
	336.00	342.00	6.00	4.6	0.34	0.34
	379.00	388.00	9.00	7.1	1.37	1.37
including	379.00	381.00	2.00	1.6	4.02	4.02

MMD-22-111	83.00	101.15	18.15	12.6	0.30	0.30
	102.80	109.60	6.80	4.8	0.31	0.31
	115.40	122.90	7.50	5.3	0.60	0.60
	133.00	148.90	15.90	11.5	0.51	0.51
	161.70	166.00	4.30	3.1	0.32	0.32
	180.00	184.10	4.10	3.0	0.42	0.42
	231.00	240.85	9.85	7.4	0.30	0.30
	290.00	293.00	3.00	2.3	0.50	0.50
	375.30	392.20	16.90	13.5	1.47	1.47
including	386.00	391.60	5.60	4.5	3.88	3.88
including	391.00	391.60	0.60	0.5	16.1	16.1
	456.00	458.05	2.05	1.7	0.32	0.32
	487.90	490.00	2.10	1.7	0.36	0.36

MMD-23-115	56.00	77.60	21.60	15.2	0.48	0.48
	88.40	97.35	8.95	6.3	0.69	0.69
including	93.40	96.00	2.60	1.8	1.50	1.50
	111.00	113.25	2.25	1.6	0.50	0.50
	120.30	132.60	12.30	8.7	0.53	0.53
	207.00	210.00	3.00	2.2	0.42	0.42
	215.00	219.00	4.00	2.9	0.66	0.66
	241.60	251.00	9.40	7.0	0.32	0.32
	257.00	259.55	2.55	1.9	0.33	0.33
	280.20	282.50	2.30	1.7	0.44	0.44

MMD-23-116	65.00	67.00	2.00	1.4	0.55	0.55
	176.00	178.00	2.00	1.5	0.32	0.32
	221.15	226.70	5.55	4.2	0.33	0.33
	231.90	287.00	55.10	42.8	0.38	0.38
	297.30	307.00	9.70	7.6	0.44	0.44
	316.60	348.40	31.80	25.3	0.47	0.47
	359.00	377.00	18.00	14.4	0.58	0.58
including	374.00	377.00	3.00	2.4	1.61	1.61
	400.85	437.85	37.00	30.1	1.34	1.46
including	405.55	418.60	13.05	10.6	3.25	3.59
including	416.40	417.05	0.65	0.5	30.0	36.8

MMD-23-117	24.70	147.00	122.30	82.7	0.43	0.43
including	45.00	47.00	2.00	1.3	2.22	2.22
and	67.05	71.00	3.95	2.7	1.30	1.30
and	106.00	114.00	8.00	5.5	1.79	1.79
	165.65	182.75	17.10	11.8	0.41	0.41
	217.35	258.00	40.65	28.5	0.35	0.35
including	217.35	219.40	2.05	1.4	1.86	1.86
	307.00	310.00	3.00	2.1	0.45	0.45
	353.00	388.00	35.00	25.3	0.31	0.31
	404.65	414.10	9.45	6.9	0.99	0.99
including	404.65	412.90	8.25	6.0	1.03	1.03
	446.00	448.00	2.00	1.5	0.62	0.62

MMD-23-118A	35.85	45.00	9.15	5.5	0.88	0.88
	101.00	109.00	8.00	5.1	0.96	0.96
	202.00	220.00	18.00	12.3	0.31	0.31
	241.30	249.10	7.80	5.4	0.30	0.30
	261.05	279.00	17.95	12.6	0.68	0.68
including	271.55	274.10	2.55	1.8	3.66	3.66
	290.20	310.00	19.80	14.1	0.67	0.67
including	306.90	309.00	2.10	1.5	1.79	1.79
	369.20	451.00	81.80	60.7	0.58	0.58
including	374.80	379.00	4.20	3.1	1.03	1.03
and	389.45	391.90	2.45	1.8	1.45	1.45
and	409.00	423.00	14.00	10.4	1.63	1.63
	461.95	467.10	5.15	3.9	0.59	0.59
	483.00	485.00	2.00	1.5	2.44	2.44
	495.05	516.55	21.50	16.4	0.37	0.37

MMD-23-119	84.75	96.00	11.25	7.8	0.30	0.30
	116.00	238.80	122.80	87.8	0.51	0.51
including	157.00	167.95	10.95	7.8	1.97	1.97
including	165.20	165.90	0.70	0.5	19.4	19.4
and	189.80	192.95	3.15	2.3	1.48	1.48
	305.00	329.50	24.50	18.2	0.41	0.41
	362.00	365.05	3.05	2.3	0.51	0.51
	414.00	417.00	3.00	2.3	0.43	0.43
	431.20	437.20	6.00	4.6	0.31	0.31
	439.00	441.05	2.05	1.6	0.32	0.32
	447.85	481.05	33.20	25.6	0.61	0.61
including	479.00	481.05	2.05	1.6	3.45	3.45
	508.00	514.40	6.40	5.0	0.58	0.58

MMD-23-120	12.90	31.95	19.05	12.4	0.59	0.59
	43.65	61.10	17.45	11.4	0.30	0.30
	63.00	125.00	62.00	40.9	0.32	0.32
	137.85	154.30	16.45	11.0	0.33	0.33
	165.90	170.00	4.10	2.7	0.37	0.37
	175.00	178.85	3.85	2.6	0.80	0.80
	208.20	211.55	3.35	2.3	0.43	0.43
	241.15	263.20	22.05	15.2	0.30	0.30
	276.00	282.10	6.10	4.2	0.61	0.61
	352.00	377.00	25.00	17.7	0.47	0.47
including	368.00	370.05	2.05	1.5	1.15	1.15

Intersections calculated above a 0.3 g/t Au cut off with a top cut of 30 g/t Au and a maximum internal waste interval of 10 metres. Shaded intervals are intersections calculated above a 1.0 g/t Au cut off. Intervals in bold are those with a grade thickness factor exceeding 20 gram x metres / tonne gold. True widths are approximate and assume a subvertical body.

Table 2: Location of drill holes in this press release

HOLE	EAST	NORTH	RL	AZIMUTH	DIP	EOH
MMD-22-107	668,208	5,378,030	442	127°	-50°	450
MMD-22-110	668,166	5,378,056	448	126°	-50°	402
MMD-22-111	668,147	5,378,114	445	143°	-50°	552
MMD-23-115	668,388	5,378,145	429	125°	-45°	324
MMD-23-116	668,387	5,378,392	446	124°	-49°	525
MMD-23-117	668,334	5,378,203	435	124°	-49°	450
MMD-23-118a	668,375	5,378,401	444	126°	-54°	552
MMD-23-119	668,277	5,378,239	447	126°	-50°	525
MMD-23-120	668,255	5,378,123	436	125°	-49°	450

Analytical and QA/QC Procedures

All samples were sent to ALS Geochemistry in Thunder Bay for preparation and analysis was performed in the ALS Vancouver analytical facility. ALS is accredited by the Standards Council of Canada (SCC) for the Accreditation of Mineral Analysis Testing Laboratories and CAN-P-4E ISO/IEC 17025. Samples were analyzed for gold via fire assay with an AA finish (“Au-AA23”) and 48 pathfinder elements via ICP-MS after four-acid digestion (“ME-MS61”). Samples that assayed over 10 ppm Au were re-run via fire assay with a gravimetric finish (“Au-GRA21”).

In addition to ALS quality assurance / quality control (“QA/QC”) protocols, Goldshore has implemented a quality control program for all samples collected through the drilling program. The quality control program was designed by a qualified and independent third party, with a focus on the quality of analytical results for gold. Analytical results are received, imported to our secure on-line database and evaluated to meet our established guidelines to ensure that all sample batches pass industry best practice for analytical quality control. Certified reference materials are considered acceptable if values returned are within three standard deviations of the certified value reported by the manufacture of the material. In addition to the certified reference material, certified blank material is included in the sample stream to monitor contamination during sample preparation. Blank material results are assessed based on the returned gold result being less than ten times the quoted lower detection limit of the analytical method. The results of the on-going analytical quality control program are evaluated and reported to Goldshore by Orix Geoscience Inc.

Grant of Stock Options and RSUs

In addition, the Company announces that it has granted a total of 4,100,000 stock options (“Options“) to purchase common shares of the Company to certain directors, officers, employees and consultants. Such Options are exercisable into common shares of the Company at an exercise price of $0.25 per common share for a period of five years from the date of grant. Of the Options, 3,900,000 will vest 1/3 on October 24, 2023, 1/3 on October 24, 2024, and 1/3 on October 24, 2025; and 200,000 will vest 1/3 immediately and 1/3 annually thereafter. All Options expire on April 24, 2028.

The Company has also issued a total of 1,673,968 restricted share units (“RSUs“) to certain directors and officers of the Company. The RSUs will fully vest on the date that is one year from the date of grant. Once vested, each RSU represents the right to receive one common share of the Company, the equivalent cash value thereof, or a combination of the two, at the Company’s discretion. The grant of Options and issuance of RSUs have been made in accordance with the Company’s Omnibus Incentive Plan (the “Plan“) that was approved by the Company’s directors on November 8, 2022. The Plan remains subject to the approval of the shareholders of the Company at its next Annual General and Special Meeting. Any grants of share-based compensation made under the Plan will also be subject to the approval of disinterested shareholders at the next Annual General and Special Meeting of the Company.

In addition, certain directors and officers of the Company have agreed to forgive an aggregate of $168,833 of debt, representing accrued consulting fees incurred during the period from January 2023 to March 2023 and directors’ fees incurred during the period from July 2022 to March 2023.

About Goldshore

Goldshore is an emerging junior gold development company and owns 100% of the Moss Gold Project located in Ontario, with Wesdome Gold Mines Ltd. being a large shareholder. 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.

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
E. brichards@goldshoreresources.com
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 developments 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, identified 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 news 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163605

Energy Gold Shore Resources Junior Mining Precious Metals Uncategorized

Goldshore Expands Gold Mineralization Along Strike and at Depth at the Southwest Zone; Includes Intersects 2.17 g/t Au over 50.35m and 6.96 g/t Au over 15.05m

Post author By admin
Post date April 20, 2023

Vancouver, British Columbia–(Newsfile Corp. – April 20, 2023) – Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (“Goldshore” or the “Company“), is pleased to announce assay results from its recently completed drill program at the Moss Lake Project in Northwest Ontario, Canada (the “Moss Gold Project“).

Highlights:

Results from seven holes testing the extension of the Southwest Zone toward the Main Zone have delineated a new high-grade lens, including visible gold, northeast of the Southwest Zone resource that extends from surface to at least 250 meters depth with best intercepts of:
6.96 g/t Au over 15.05m from 189.4m depth in MMD-22-105, including
- 54.4 g/t Au over 1.6m from 189.4m
2.17 g/t Au over 50.35m from 103.55m depth in MMD-23-114, including
- 3.47 g/t Au over 26.05m from 120.35m

1.30 g/t Au over 21.35m from 214m depth in MMD-22-108, including
- 2.60 g/t Au over 7.35 from 228.0m
These drill results prove that the Southwest Zone is a continuation of the Main Zone and not a fault offset as previously interpreted. They also show that the Southwest Zone extends to depth and is potentially as large as the Main Zone.
With drilling recently completed, the Company is preparing an updated mineral resource expected in May. The updated resource will use data from an additional 72 holes compared to the November 2022 resource. Mineralization in the resource area remains open in multiple directions.

President and CEO Brett Richards stated: “These results continue to support our belief that the size and scale of the Moss Gold Project is much larger and continues to be open at all directions, along strike both to the northeast and southwest, as well as our understanding of lateral mineralized targets to the south-east of the Southwest Zone and the Main Zone. For now, we have halted the program to step back; understand the quantum of this resource, and prepare for a mineral resource update in early May, we can now see a viable path to a meaningful project PEA (preliminary economic analysis). We look forward to those results in the coming months, as we start to plan for an infill drilling program working towards a pre-feasibility study in the future.”

Technical Overview

Figure 1 shows the location of the drill holes in this press release and Figure 2 shows a close up of the drilled area with significant intercepts. Figure 3 is a typical section through hole MMD-22-105, -108 and -109. Table 1 shows the significant intercepts. Table 2 shows the drill hole locations.

Figure 1: Location of drill holes in this release relative to the November 2022 resource model and $1500 open pit shell constraint

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/163107_af741d8ce40c4b17_002full.jpg

Figure 2: insert close up of Southwest Zone with significant intercepts relative to the November 2022 resource model and $1500 open pit shell constraint

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/163107_af741d8ce40c4b17_003full.jpg

Figure 3: Drill section through holes MMD-22-105, -108 and -109 showing the significant expansion of the mineralized model beneath the November 2022 resource model and $1500 open pit shell constraint, which should add to mineral resources in the upcoming update

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/163107_af741d8ce40c4b17_004full.jpg

Continued infill of the Southwest Zone has delineated a new continuous high-grade structure over a 250m strike length from near surface to 200m depth immediately northeast of the historical Southwest Zone. Holes MMD-22-105, -108, -109 and MMD-23-113, and -114 intersected this structure along with previously released holes MMD-22-031, -042, -063, and -064. The newly understood zone orientation was tested against the phase 1 drill results and confirmed the continuity of the high-grade structures controlling the mineralization.

The mineralized zone occurs within an albitite+hematite altered diorite intrusion complex cut by closely spaced, texturally destructive sericite+chlorite+carbonate altered shears. Additional shearing, and subsequent alteration, is seen extending into the neighboring intermediate volcanics but is poorly mineralized.

The gold mineralization appears more nuggety than elsewhere in the deposit with a greater portion of the mineralization attributed to pyrite±chalcopyrite bearing quartz-carbonate veins within the sheared intervals. Mineralization includes visible gold (Figure 4). Several very high-grade intercepts include:

54.4 g/t Au over 1.6m from 189.4m depth in MMD-22-105

11.3 g/t Au over 0.5m from 147.7m depth in MMD-22-108 and
11.5 g/t Au over 0.7m from 232.35m
10.6 g/t Au over 0.95m from 323.3m depth in MMD-23-112

19.0 g/t Au over 0.65m from 54m depth in MMD-23-114 and
22.9 g/t Au over 1m from 128m depth and
14.4 g/t Au over 1m from 137m depth

Holes MMD-22-109 and MMD-23-113 intersected the high-grade structure but encountered lesser vein mineralization resulting in more modest grade intercepts including:

0.44 g/t Au over 81.2m from 298.8m depth in MMD-22-109, including
- 1.08 g/t Au over 8.60m from 335.35m

0.63 g/t Au over 29.5m from 129.55m depth in MMD-23-113, including
- 4.76 g/t Au over 2.0m from 140.0m and
0.51 g/t Au over 58m from 204.0m depth, including
- 1.92 g/t Au over 4.0m from 205.0m and
- 1.84 g/t Au over 3.0m from 229.0m

Holes MMD-22-106, and MMD-23-112 were focused on infilling the drill spacing of the existing Southwest Zone. All three holes intercepted broad zones of mineralization hosted primarily within altered granodiorite containing narrow higher grade shear zones. Best intercepts include:

0.47 g/t Au over 63m from 277m depth in MMD-22-106
0.61 g/t Au over 41.25m from 232m depth in MMD-23-112
0.39 g/t Au over 53.5m from 301m depth in MMD-23-112

Figure 1: Visible gold flake within a quartz-carbonate-pyrite vein at 190.42m (1.6m @ 54.4 g/t Au) in MMD-22-105 within the sheared, altered intrusion of the Southwest zone. Note that this photo is not intended to be representative of broader mineralization on the Moss Lake Gold Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/163107_af741d8ce40c4b17_005full.jpg

Pete Flindell, VP Exploration for Goldshore, said, “These results show that the Southwest Zone is much larger and better mineralized than historical drillholes suggested; and is potentially as large as the Main Zone. We await the results from the final batch of assays that are expected to provide critical infill beneath the heart of the Southwest Zone.”

Table 1: Significant downhole gold intercepts

HOLEID	FROM	TO	LENGTH (m)	TRUE WIDTH (m)	CUT GRADE (g/t Au)	UNCUT GRADE (g/t Au)
MMD-22-105	45.00	48.00	3.00	2.3	0.33	0.33
	62.00	66.45	4.45	3.5	0.34	0.34
	117.55	125.00	7.45	6.0	0.38	0.38
	189.40	204.45	15.05	12.5	3.64	6.96
including	189.40	191.00	1.60	1.3	30.0	54.4
MMD-22-106	165.00	187.00	22.00	15.7	0.33	0.33
	204.20	229.00	24.80	18.0	0.50	0.50
	256.00	263.00	7.00	5.2	0.34	0.34
	277.00	292.40	15.40	11.5	0.37	0.37
	299.20	340.00	40.80	30.9	0.59	0.59
including	325.00	335.00	10.00	7.6	1.17	1.17
	353.15	384.00	30.85	23.9	0.61	0.61
including	359.00	368.70	9.70	7.5	1.08	1.08
MMD-22-108	126.55	133.15	6.60	4.7	0.36	0.36
	143.55	168.00	24.45	17.6	0.62	0.62
including	143.55	148.20	4.65	3.3	1.99	1.99
including	147.70	148.20	0.50	0.4	11.3	11.3
	190.80	196.25	5.45	4.0	0.31	0.31
	214.00	235.35	21.35	15.9	1.30	1.30
including	215.40	218.00	2.60	1.9	1.10	1.10
and	228.00	235.35	7.35	5.5	2.60	2.60
including	232.35	233.05	0.70	0.5	11.5	11.5
	319.00	322.15	3.15	2.5	0.37	0.37
MMD-22-109	238.35	244.00	5.65	4.1	0.52	0.52
	271.00	274.00	3.00	2.2	0.37	0.37
	298.80	380.00	81.20	61.2	0.44	0.44
including	335.35	343.95	8.60	6.5	1.08	1.08
	395.10	404.65	9.55	7.4	0.39	0.39
MMD-23-112	103.35	106.85	3.50	2.5	0.38	0.38
	118.00	138.00	20.00	14.3	0.39	0.39
	179.00	182.00	3.00	2.2	0.57	0.57
	207.00	218.90	11.90	8.9	1.17	1.17
including	207.00	215.00	8.00	6.0	1.63	1.63
	232.00	273.25	41.25	31.5	0.61	0.61
	287.10	290.10	3.00	2.3	0.33	0.33
	301.00	309.00	8.00	6.3	0.32	0.32
	313.00	354.05	41.05	32.8	0.42	0.42
including	323.00	325.60	2.60	2.1	4.41	4.41
including	323.30	324.25	0.95	0.8	10.6	10.6
	368.00	370.00	2.00	1.6	0.71	0.71
	423.85	428.50	4.65	3.8	0.33	0.33
	462.00	472.75	10.75	9.0	0.56	0.56
	526.80	532.00	5.20	4.4	0.37	0.37
MMD-23-113	18.00	42.00	24.00	16.2	0.42	0.42
including	31.00	34.00	3.00	2.0	1.55	1.55
	129.55	132.00	2.45	1.8	0.41	0.41
	136.00	165.50	29.50	21.6	0.63	0.63
including	140.00	142.00	2.00	1.5	4.76	4.76
	204.00	262.00	58.00	44.5	0.51	0.51
including	205.00	209.00	4.00	3.0	1.92	1.92
and	229.00	232.00	3.00	2.3	1.84	1.84
	274.00	276.00	2.00	1.6	0.33	0.33
	289.00	291.00	2.00	1.6	0.31	0.31
	332.00	334.30	2.30	1.8	0.82	0.82
MMD-23-114	30.00	32.25	2.25	1.7	0.33	0.33
	40.65	62.65	22.00	16.3	0.78	0.78
including	54.00	54.65	0.65	0.5	19.0	19.0
	103.55	153.90	50.35	38.8	2.17	2.17
including	120.35	146.40	42.85	20.0	3.47	3.47
including	128.00	129.00	1.00	0.8	22.9	22.9
and	137.00	138.00	1.00	0.8	14.4	14.4
	183.00	189.85	6.85	5.4	0.36	0.36

Table 2: Location of drill holes in this press release

HOLE	EAST	NORTH	RL	AZIMUTH	DIP	EOH
MMD-22-105	668,498	5,378,484	438	110°	-41°	249
MMD-22-106	668,438	5,378,379	440	126°	-50°	450
MMD-22-108	668,524	5,378,519	437	125°	-50°	450
MMD-22-109	668,466	5,378,591	427	125°	-51°	501
MMD-23-112	668,172	5,378,186	443	125°	-50°	600
MMD-23-113	668,494	5,378,469	438	126°	-50°	450
MMD-23-114	668,533	5,378,424	428	123°	-44°	402

Analytical and QA/QC Procedures

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 22% 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.

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
E. brichards@goldshoreresources.com
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 developments 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, identified 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 news release include, among others, statements relating to expectations regarding the exploration and development of the Moss Lake 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163107

Base Metals Energy Gold Shore Resources Junior Mining Precious Metals

Goldshore Resources Announces Upsized $6 Million Private Placement

Post author By admin
Post date April 5, 2023

Vancouver, British Columbia–(Newsfile Corp. – April 5, 2023) – Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (“Goldshore” or the “Company“), is pleased to announce that, further to its news release dated March 23, 2023 and due to strong investor demand, it is increasing the size of its previously announced brokered private placement offering (the “Offering“) to up to $6,000,000 aggregate gross proceeds of securities of the Company (the “Offered Securities“). The Offering is being conducted by Research Capital Corporation and Eventus Capital Corp., as co-lead agents and joint bookrunners (the “Lead Agents“), on their own behalf and on behalf of a syndicate of agents, including Laurentian Bank Securities Inc., Canaccord Genuity Corp., and Haywood Securities Inc. (together with the Lead Agents, the “Agents“). The Offering consists of the following Offered Securities:

units of the Company (each, a “Unit“) at a price of $0.17 per Unit, comprised of one common share of the Company (each, a “Common Share“) and one-half common share purchase warrant (each whole warrant, a “Warrant“); and
flow-through units of the Company (each, a “FT Unit“) at a price of $0.195 per FT Unit, comprised of one Common Share that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act“) and one-half of one Warrant.

Each Warrant shall entitle the holder thereof to acquire one Common Share at an exercise price of $0.25, for a period of 24 months following the Closing Date (as defined below).

The Company has granted the Agents an option (the “Agents’ Option“), which allows the Agents to offer up to an additional 15% of the Offering, on the same terms as the Offered Securities. The Agents’ Option may be exercised in whole or in part at any time prior to the Closing Date of the Offering.

The Company intends to use the net proceeds raised from the sale of Units for working capital and future exploration work on its Moss Lake gold deposit in Northwest Ontario, Canada.

The gross proceeds from the issuance of the FT Units will be used for “Canadian Exploration Expenses” within the meaning of the Tax Act (the “Qualifying Expenditures“), which will be renounced with an effective date no later than December 31, 2023 to the purchasers of the FT Units in an aggregate amount not less than the gross proceeds raised from the issue of FT Units. If the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber of FT Units for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the Qualifying Expenditures.

The Offering is scheduled to close on or about the week of April 12, 2023 (the “Closing Date“), or on such date as agreed upon between the Company and the Lead Agents, and is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, the approval of the TSX Venture Exchange. The Offered Securities will be subject to a hold period of four months and one day from the Closing Date in accordance with applicable securities laws.

The Company has agreed to pay to the Agents a cash commission equal to 6% of the gross proceeds of the Offering, subject to a reduction for certain orders on a “president’s list”. In addition, the Company has agreed to issue to the Agents compensation warrants of the Company exercisable for a period of 24 months, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Offered Securities sold under the Offering, subject to a reduction for certain orders on a “president’s list”.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Securities for Debt Transaction

The Company also announces that it has entered into an agreement to settle certain outstanding accounts payable in the aggregate amount of $513,157.18 (the “Debt“) owing to a creditor (the “Creditor“) through the issuance of 3,018,572 units (the “Debt Settlement Units“) at a deemed price of $0.17 per Unit (the “Securities for Debt Transaction“). The Debt Settlement Units will have the same terms as the Units issued pursuant to the Offering.

No new control person or insider of the Company will be created pursuant to the Securities for Debt Transaction. This is an arm’s length transaction.

The Company is proposing to issue the Debt Settlement Units to preserve cash to fund future operations. The Company’s board of directors believes that the Securities for Debt Transaction is necessary to provide the Company with a clean balance sheet to attract new capital and provide adequate hard dollar working capital into the second half of 2023.

The issuance of securities pursuant to the Securities for Debt Transaction is subject to the approval of the TSX Venture Exchange. All securities issued will be subject to a four month hold period which will expire on the date that is four months and one day from the date of issue.

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.

About Goldshore

Goldshore is an emerging junior gold development company, and owns the Moss Lake Gold Project located in Ontario. Wesdome Gold Mines Ltd. is currently a large shareholder of Goldshore with an approximate 22% equity position in the Company. Supported by an industry-leading management group, board of directors and advisory board, Goldshore is positioned to advance the Moss Lake Gold Project through the next stages of exploration and development.

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
E. brichards@goldshoreresources.com
W. www.goldshoreresources.com

Facebook: GoldShoreRes | Twitter: GoldShoreRes | LinkedIn: goldshoreres

Cautionary Note Regarding Forward-Looking Statements

Forward-looking statements in this news release include, among others, statements relating to expectations regarding the expected closing date of the Offering, 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.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/161351

Energy Gold Shore Resources Junior Mining Precious Metals

Goldshore Intersects 5.64 g/t Au over 15.65m at East Coldstream

Post author By admin
Post date February 27, 2023

Significant Mineralization Outlined 13km Northeast of the Moss Lake Deposit

Vancouver, British Columbia–(Newsfile Corp. – February 27, 2023) – Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (“Goldshore” or the “Company“), is pleased to announce assay results from its ongoing 100,000-meter drill program at the Moss Lake Project in Northwest Ontario, Canada (the “Moss Lake Gold Project“).

Highlights:

Results from the second half of the East Coldstream Phase One drill program have confirmed the potential for significant high-grade shears within East Coldstream, approximately 13 kilometers northeast of the Moss Lake Deposit. Best intercepts include:
- 3.49 g/t Au over 26.35m from 76.85m depth in CED-22-010, including
  - 5.64 g/t over 15.65m from 87.55m
- 1.12 g/t Au over 21.9m from 206.5m
- 1.07 g/t Au over 31.0m from 288.0m depth in CED-22-011 and
- 1.48 g/t Au over 18.45m from 357.0m, including
  - 4.68 g/t Au over 4.85m from 370.6m
- 0.94 g/t Au over 25.05m from 218.95m depth in CED-22-014, including
  - 1.10 g/t Au over 16.0m from 226.0m
- 1.23 g/t Au over 35.15m from 338.45m depth in CED-22-017, including
  - 2.19 g/t Au over 11.55m from 338.45m
In addition to the Moss Lake Deposit, the upcoming mineral resource estimate update will include the East Coldstream deposit. In support of this, a 3D wireframe of the mineralization constraining alteration domain has been developed utilizing both current and historical drilling data.

President and CEO Brett Richards stated: “These results at East Coldstream continue to support our thesis that the size and scale of the entire Moss Lake Gold Project will be large enough to support a material and meaningful update to the mineral resource estimate in April 2023, with East Coldstream sequencing into the mine plan in a preliminary economic assessment as a satellite pit. We look forward to the continuing catalysts to the Moss Lake Gold Project in an effort to demonstrate the true value of the assets.”

Technical Overview

Figure 1 shows the location of East Coldstream relative to Moss Lake in addition to the now formally identified gold and copper prospects controlled by Goldshore Resources. Figure 2 shows the better intercepts in plan view, and Figure 3 is a typical section through holes CED-22-013 to -015 and -017. Table 1 shows the significant intercepts. Table 2 shows the drill hole locations.

Figure 1: Plan showing location of Moss Lake and East Coldstream deposits relative to the prospective Central Domain (from geophysics survey) and field-developed prospects.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/156214_410adcab747ffab5_002full.jpg

Figure 2: Drill plan showing best of several +1 g/t Au intercepts relative to the altered shears.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/156214_410adcab747ffab5_003full.jpg

Figure 3: Drill section through MCD-22-013 to -015 and -017 relative to the altered shears.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/156214_410adcab747ffab5_004full.jpg

Results have been received for the eight remaining holes from the Phase One East Coldstream drill program completed in the Summer of 2022.

All holes intersected visually distinct silica, carbonate, and hematite alteration zones hosted in basalt flows – historically been referred to as the “Coldstream Basalt” – that host much of the gold mineralization (Figure 4). This alteration also overprints and locally mineralizes quartz feldspar porphyry sills and gabbro intrusions where they are intersected by shear zones. The altered intrusions are significantly less “visual” than the Coldstream Basalt, which resulted in inconsistent sampling of historical drill core. Infill sampling of intervals within the modelled alteration domain represents an opportunity to expand mineralization. This is planned for the summer.

Goldshore has wireframed shear zone-hosted alteration domains (Figure 5) ahead of a mineral resource update planned for the second quarter. This consists of two major altered shear zones – Main Lens and North Lens – and four minor altered shear zone splays. The Main Lens has been historically split into the Main Lens and Sanders Lens however these two lenses are now understood to be the same zone split by a late Proterozoic diabase dyke.

To evaluate the historical drilling, hole CED-22-010 was drilled as a twin of hole C-10-23 in the core of the East Coldstream deposit where both holes intersected two shear-controlled Lenses. In the North Lens, CED-22-010 and C-10-23 intersected 1.81 g/t Au over 54.6m from 76.85m versus 1.35 g/t Au over 54.2m from 80.4m, respectively. In the South Lens, CED-22-010 intersected 0.56 g/t Au over 51.5m from 206.5m versus 0.55 g/t Au over 34.7m from 196.6m, respectively. This represents a 34% higher grade over similar widths in the North Lens and a 48% increase in width with similar grades in the South Lens in the current drill hole.

The East Coldstream deposit also contains a broad, low-grade mineralized envelope within the alteration domain. Examples include 0.54 g/t Au over 27.5.0m from 562.5m in CED-22-009; 0.56 g/t Au over 51.5m from 206.5m depth in CED-22-010; 0.33 g/t Au over 32.0m from 315m in CED-22-012; 0.72 g/t Au over 18.1m from 182.05m in CED-22-013; 0.69 g/t Au over 25.05m from 254.95m in CED-22-014; and 0.85 g/t Au over 17.4m from 190.6m in CED-22-015.

Figure 4: Core box photos of CED-22-010 intercept in the North Lens – 3.49 g/t Au over 26.35m from 76.85m depth (yellow box) including 5.64 g/t over 15.65m from 87.55m.

Note that these photos are not intended to be representative of broader mineralization on the Moss Lake Gold Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/156214_410adcab747ffab5_005full.jpg

Figure 5: 3D wireframe of the East Coldstream mineralization constraining alteration domain.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/156214_410adcab747ffab5_006full.jpg

Pete Flindell, VP Exploration for Goldshore, said “These drill results show that East Coldstream, which is well constrained by altered and mineralized shears, may be significantly larger than previously understood. Our focus will now be on developing a mineral resource based around the high-grade shears and their low-grade envelopes, which will form an important satellite to the Moss Lake Gold Project approximately 13 kilometers to the southwest.”

Table 1: Significant downhole gold intercepts

HOLE ID	FROM	TO	LENGTH (m)	TRUE WIDTH (m)	CUT GRADE (g/t Au)	UNCUT GRADE (g/t Au)
CED-22-009	497.00	511.65	14.65	11.5	0.58	0.58
including	497.00	501.00	4.00	3.1	1.20	1.20
	562.50	590.00	27.50	22.5	0.54	0.54
including	572.50	581.00	8.50	7.0	1.44	1.44

CED-22-010	76.85	103.20	26.35	16.6	3.49	3.49
including	87.55	103.20	15.65	9.9	5.64	5.64
	123.30	131.45	8.15	5.2	0.81	0.81
including	123.30	125.45	2.15	1.4	1.58	1.58
	166.00	176.50	10.50	6.8	0.59	0.59
	187.00	191.00	4.00	2.6	0.56	0.56
	206.50	258.00	51.50	34.5	0.56	0.56
including	206.50	228.40	21.90	14.5	1.12	1.12

CED-22-011	248.40	251.75	3.35	2.0	1.49	1.49
including	248.40	251.00	2.60	1.6	1.73	1.73
	284.50	324.60	40.10	24.8	0.91	0.91
including	288.00	319.00	31.00	19.1	1.07	1.07
	339.00	344.50	5.50	3.5	0.70	0.70
	357.00	375.45	18.45	11.8	1.48	1.48
including	370.60	375.45	4.85	3.1	4.68	4.68
	400.40	413.90	13.50	8.8	0.54	0.54
including	400.40	404.45	4.05	2.6	1.25	1.25

CED-22-012	315.00	347.00	32.00	20.7	0.33	0.33
	362.80	367.00	4.20	2.8	0.57	0.57
	376.80	381.05	4.25	2.8	0.52	0.52

CED-22-013	119.00	121.00	2.00	1.5	1.14	1.14
	137.65	149.85	12.20	9.1	0.41	0.41
	182.05	200.10	18.05	13.9	0.72	0.72
including	182.05	194.40	12.35	9.5	1.02	1.02

CED-22-014	31.00	33.00	2.00	0.9	0.96	0.96
	119.00	133.00	14.00	6.5	0.39	0.39
	218.95	244.00	25.05	12.5	0.94	0.94
including	226.00	242.00	16.00	8.0	1.10	1.10
	254.95	259.00	4.05	2.0	0.36	0.36
	264.00	280.00	16.00	8.1	0.95	0.95
including	271.00	277.00	6.00	3.1	1.68	1.68

CED-22-015	9.00	11.00	2.00	1.3	0.70	0.70
	21.00	23.00	2.00	1.3	0.42	0.42
	31.00	33.00	2.00	1.3	0.33	0.33
	118.00	120.00	2.00	1.4	0.31	0.31
	190.60	208.00	17.40	12.6	0.85	0.85
including	190.60	195.80	5.20	3.7	1.20	1.20
and	206.00	208.00	2.00	1.4	1.95	1.95

CED-22-017	212.80	221.00	8.20	6.3	0.53	0.53
	284.00	286.00	2.00	1.6	0.68	0.68
	298.00	305.00	7.00	5.7	0.69	0.69
	338.45	373.60	35.15	29.6	1.23	1.23
including	338.45	350.00	11.55	9.7	2.19	2.19
and	362.90	373.60	10.70	9.1	1.28	1.28
Intersections calculated above a 0.3 g/t Au cut off with a top cut of 30 g/t Au and a maximum internal waste interval of 10 metres. Bordered intervals are intersections calculated above a 1.0 g/t Au cut off. Intervals in bold are those with a grade thickness factor exceeding 20 gram x metres / tonne gold. True widths are approximate and assume a subvertical body.

Table 2: Location of drill holes in this press release

HOLE	EAST	NORTH	RL	AZIMUTH	DIP	EOH
CED-22-009	680,767	5,386,281	484	341°	-50°	599.95
CED-22-010	679,898	5,386,424	475	161°	-53°	315.00
CED-22-011	679,945	5,386,526	480	155°	-57°	642.00
CED-22-012	679,945	5,386,526	480	180°	-54°	600.00
CED-22-013	680,560	5,386,569	485	340°	-50°	300.00
CED-22-014	680,561	5,386,569	485	341°	-65°	450.00
CED-22-015	680,598	5,386,576	486	340°	-50°	300.00
CED-22-017	680,641	5,386,434	478	341°	-49°	456.00
Approximate collar coordinates in NAD 83, Zone 15N

Analytical and QA/QC Procedures

Director Resignation

Doug Ramshaw has announced he will step down from the Board of Directors of the Company at the end of February 2023. Doug was instrumental in the formation of Goldshore and the preliminary launch of the initial public offering in June 2021, and is stepping down to dedicate greater time to Minera Alamos and other ventures he is involved in.

President and CEO Brett Richards stated: “Doug’s exceptional contribution to the Goldshore Board has been a testament to the broad investor awareness created around the Company’s launch and on-going development. I personally have thoroughly enjoyed working with Doug over the last two years, as he has been sound counsel to myself and the Board, and on behalf of all of us on the Board, we wish Doug the very best in his future endeavors.”

About Goldshore

Goldshore is an emerging junior gold development company, and owns 100% of the Moss Lake Gold Project located in Ontario. Wesdome is currently a large shareholder of Goldshore with an approximate 22% 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 Lake Gold Project through the next stages of exploration and development.

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
E. brichards@goldshoreresources.com
W. www.goldshoreresources.com

Facebook: GoldShoreRes | Twitter: GoldShoreRes | LinkedIn: goldshoreres

Cautionary Note Regarding Forward-Looking Statements

Forward-looking statements in this news release include, among others, statements relating to expectations regarding the exploration and development of the Moss Lake Gold Project, the release and timing of an updated mineral resource estimate, the release of a 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.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/156214

Tags #BrettRichards, #GSHR, #InvestingInBatteryMetals, #InvestingInCopper, #MauriceJackson, #MilesFranklin, #MossLakeProject, #ProvenAndProbable, proven and probable, Quinton Hennigh

Base Metals Energy Gold Shore Resources Junior Mining Precious Metals

Goldshore Intersects 9.46 g/t Au over 7.45m in the Southwest Zone

Post author By admin
Post date February 2, 2023

Widths of Mineralized System Expanded Significantly

Vancouver, British Columbia–(Newsfile Corp. – February 2, 2023) – Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (“Goldshore” or the “Company“), is pleased to announce assay results from its ongoing 100,000-meter drill program at the Moss Lake Project in Northwest Ontario, Canada (the “Moss Lake Gold Project“).

Highlights:

Hole MMD-22-063 has confirmed the presence of high-grade mineralization within the previously perceived low grade and low tonnage Southwest Zone and shown the zone to be almost 300 meters wide. Best intercepts include:
- 1.60 g/t Au over 57.5m from 230.5m depth in MMD-22-063 including:
  - 9.46 g/t Au over 7.45m from 234.0m
- 1.18 g/t Au over 18.25m from 387.75m
Results for thirteen holes drilled to explore the northern and southern flanks of the mineralized shear zone system in the Main Zone have expanded the cumulative width of multiple, close-spaced, high-grade gold shears by 150-200 meters to over 550 meters at the Main Zone with best intercepts of:
- 0.93 g/t Au over 126.0m from 467.0m depth in MMD-22-059 including:
  - 1.64 g/t over 48.0m from 513.0m
- 3.67 g/t Au over 13.65m from 612.35m
- 1.05 g/t Au over 34.0m from 257.0m depth in MMD-22-088 including:
  - 1.51 g/t Au over 15.0m from 276.0m
- 1.84 g/t Au over 14.95m from 483.05m

President and CEO, Brett Richards, stated: “These results once again support our thesis that the size and scale of the Moss Lake Gold Project will be large enough to support a material and meaningful update to the mineral resource estimate (“MRE”) in April 2023, followed by a preliminary economic assessment (“PEA”) on the updated resource. We continue to find additions to the resource on step out holes laterally and along strike from the historic resource profile, and we look to continue to explore the impact of these additions to the resource model, as well as guiding us in future drill targets.”

Technical Overview

Figure 1 shows the better intercepts in plain view and Figure 2 is a typical section through hole MMD-22-063. Table 1 shows the significant intercepts. Table 2 shows the drill hole locations.

Figure 1: Drill plan showing best of several +1 g/t Au intercepts relative to the current Mineral Resource and highlighting the additional shears.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/153300_2909b97504e5db83_002full.jpg

Figure 2: Drill section through MMD-22-063 relative to the current Mineral Resource and highlighting the additional shears and potential to significantly deepen the open pit shell.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/153300_2909b97504e5db83_003full.jpg

Results have been received for MMD-22-063, which was the final hole from the first pass drill pattern at the Southwest Zone. The hole infills two previous holes and has shown that there is continuity to the high-grade core of the zone. In addition to the high-grade lenses highlighted above, the hole also intersected multiple lenses of lower grade mineralization throughout the hole including 0.58 g/t Au over 23.2m from 27.9m, 0.81 g/t Au over 20.6m from 355m, and 0.55 g/t Au over 7.95m from 417.05m. These confirm the increased tonnage potential in the Southwest Zone with mineralization above the low-grade cutoff of 0.40 g/t Au used for the current mineral resource estimate over a zone that is almost 300 meters wide.

A second pass drill pattern over the Southwest zone was completed in January, infilling the newly discovered high-grade shears and exploring for additional shears.

Results have also been received for thirteen holes that have explored the edges of the Main Zone on its northern and southern flanks. Six holes targeted the northern side of the shear system, and seven holes targeted the southern side. These holes intersected high-grade shears over a zone that is 200 meters wider than previously understood, making the main zone over 550 meters wide at its widest point.

As with the center of the Main Zone, these shears lie within broad zones of low-grade mineralization within the altered diorite intrusion host. Examples include 0.84 g/t Au over 37m from 608m in MQD-22-058; 0.33 g/t Au over 35.65m from 231.35m, 0.42 g/t Au over 34m from 273m and 0.86 g/t Au over 126m from 467m in MMD-22-059; 0.58 g/t Au over 75m from 543.5m in MMD-22-060; 0.91 g/t Au over 33m from 257m in MMD-22-088; 0.58 g/t Au over 75m from 422m in MMD-22-089; 0.39 g/t Au over 40.5m from 453.8m in MQD-22-091; and 0.72 g/t Au over 15m from 207 in MMD-22-095.

The shears in the north and south were sparsely drilled by historical drill holes and represent opportunity to potentially expand the mineral resource and to properly understand the mineralizing system.

A detailed review of current and previous high-grade intercepts has identified various gold, silver, and bismuth bearing tellurides across all three zones of the Moss Lake Gold Project deposit. The tellurides have been located within pyrite±-chalcopyrite bearing quartz-chlorite-carbonate veins and sulphide-rich hydrothermal breccias previously identified in the vein paragenesis to be emplaced near the end of deformational history. Identifying and outlining the late structural events will allow for enhanced targeting of the high-grade portions of Moss Lake Gold Project and will assist in refining generative targets by focusing on preferred horizons for these structures to occur.

Figure 3: Tellurides identified at 234.1m of MQD-21-009 within a py+cpy bearing undulating qt+ch±cb shear vein. The sample yielded 39.7g/t Au, 73.7g/t Ag, 63.5g/t Te over 0.9m.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/153300_2909b97504e5db83_004full.jpg

Pete Flindell, VP Exploration for Goldshore, said, “The high-grade drill results in the Southwest Zone provide confidence that this area has significant resource potential. The results along the northern and southern flanks of the Main Zone also represent a significant expansion to the width of the mineralized zone, which should assist our goal of potentially expanding the mineral resource and improving its quality in early Q2.”

Table 1: Significant downhole gold intercepts

HOLE ID	FROM	TO	LENGTH (m)	TRUE WIDTH (m)	CUT GRADE (g/t Au)	UNCUT GRADE (g/t Au)
MMD-22-058	314.00	321.00	7.00	4.1	0.41	0.41
	374.90	392.30	17.40	10.3	0.36	0.36
	466.00	468.30	2.30	1.4	0.38	0.38
	491.70	505.00	13.30	8.1	0.39	0.39
	517.00	519.00	2.00	1.2	0.35	0.35
	553.45	574.45	21.00	13.3	0.37	0.37
	593.00	595.00	2.00	1.3	0.37	0.37
	608.00	645.00	37.00	23.9	0.87	0.87
including	614.00	621.00	7.00	4.5	1.40	1.40
and	628.00	636.00	8.00	5.2	1.04	1.04
and	641.00	645.00	4.00	2.6	1.54	1.54

MMD-22-059	231.35	307.00	75.65	51.8	0.36	0.36
including	236.00	239.20	3.20	2.2	1.01	1.01
and	280.00	284.00	4.00	2.7	1.45	1.45
	342.00	348.00	6.00	4.2	0.36	0.36
	361.00	392.00	31.00	22.0	0.36	0.36
	467.00	593.00	126.00	92.3	0.93	0.93
including	475.60	484.70	9.10	6.6	1.50	1.50
and	504.65	509.30	4.65	3.4	1.08	1.08
and	513.00	561.00	48.00	35.3	1.64	1.64
	612.35	626.00	13.65	10.2	2.56	3.67

MMD-22-060	95.20	102.00	6.80	3.5	0.40	0.40
	336.95	346.00	9.05	5.1	0.31	0.31
	361.10	379.00	17.90	10.2	0.70	0.70
including	364.00	368.10	4.10	2.3	2.14	2.14
	475.80	481.10	5.30	3.1	0.39	0.39
	543.50	569.00	25.50	16.1	0.79	0.79
	584.00	592.15	8.15	5.2	0.46	0.46

MMD-22-061	113.55	121.00	7.45	3.9	0.30	0.30
	125.25	130.00	4.75	2.5	0.31	0.31
	213.00	216.40	3.40	1.9	0.38	0.38
	234.95	237.00	2.05	1.1	0.46	0.46
	331.65	343.30	11.65	6.7	0.58	0.58
	449.00	455.10	6.10	3.6	0.39	0.39
	460.00	462.00	2.00	1.2	0.64	0.64
	570.00	593.00	23.00	14.5	0.31	0.31

MMD-22-063	27.90	51.10	23.20	15.0	0.58	0.58
including	39.00	41.95	2.95	1.9	1.45	1.45
	165.00	169.00	4.00	2.7	0.53	0.53
	230.50	288.00	57.50	42.0	1.60	1.60
including	234.00	241.45	7.45	5.4	9.46	9.46
	328.00	330.00	2.00	1.5	0.89	0.89
	355.00	375.60	20.60	15.5	0.81	0.81
including	357.00	360.00	3.00	2.2	3.57	3.57
and	373.00	375.60	2.60	2.0	1.28	1.28
	387.75	406.00	18.25	13.8	1.18	1.18
	417.05	425.00	7.95	6.0	0.55	0.55
	544.00	546.00	2.00	1.6	0.31	0.31

MMD-22-068	17.15	23.00	5.85	2.9	0.34	0.34
	307.00	327.00	20.00	11.8	0.42	0.42
	337.10	341.40	4.30	2.5	0.45	0.45
	347.95	350.55	2.60	1.5	0.44	0.44
	361.00	376.00	15.00	9.0	0.61	0.61
including	370.00	373.00	3.00	1.8	1.78	1.78
	570.40	581.30	10.90	7.1	0.32	0.32
	625.55	672.00	46.45	31.3	0.35	0.35

MMD-22-069	57.00	63.00	6.00	3.3	0.77	0.77
	266.50	276.00	9.50	6.5	0.52	0.52
	525.00	530.00	5.00	3.5	0.35	0.35
	540.15	545.00	4.85	3.4	0.45	0.45
	567.00	569.95	2.95	2.1	0.61	0.61
	581.90	588.20	6.30	4.5	0.32	0.32

MMD-22-071	629.85	633.80	3.95	3.0	0.45	0.45

MMD-22-084	194.00	213.15	19.15	14.9	0.53	0.53
including	198.00	203.00	5.00	3.9	1.32	1.32
	229.00	231.00	2.00	1.6	0.47	0.47
	255.00	258.50	3.50	2.8	1.74	1.74
	292.55	294.55	2.00	1.6	0.43	0.43
	399.00	403.65	4.65	3.8	0.96	0.96

MMD-22-088	55.25	58.05	2.80	2.0	0.31	0.31
	111.00	115.55	4.55	3.3	0.31	0.31
	149.00	166.00	17.00	12.8	0.45	0.45
	179.00	186.00	7.00	5.3	0.41	0.41
	209.70	222.00	12.30	9.4	0.46	0.46
	257.00	291.00	34.00	26.3	1.05	1.05
including	276.00	291.00	15.00	11.6	1.51	1.51
	432.00	434.00	2.00	1.6	0.46	0.46
	444.95	468.10	23.15	18.5	0.32	0.32
	483.05	498.00	14.95	12.0	1.84	1.84
including	483.05	496.00	12.95	10.4	2.04	2.04

MMD-22-089	302.10	309.00	6.90	5.1	0.63	0.63
including	307.00	309.00	2.00	1.5	1.30	1.30
	321.00	334.80	13.80	10.3	0.34	0.34
	390.00	392.00	2.00	1.5	0.41	0.41
	422.00	497.00	75.00	58.4	0.59	0.59
including	431.00	433.00	2.00	1.5	3.66	3.66
and	444.00	456.00	12.00	9.3	1.05	1.05
and	478.00	488.00	10.00	7.8	1.19	1.19

MMD-22-091	153.70	162.55	8.85	6.1	0.53	0.53
	201.00	206.95	5.95	4.2	0.42	0.42
	363.55	378.00	14.45	10.7	0.32	0.32
	397.00	401.55	4.55	3.4	0.45	0.45
	453.80	494.30	40.50	30.8	0.41	0.41

MMD-22-093	473.25	481.00	7.75	6.0	0.61	0.61
	496.00	512.80	16.80	13.2	0.44	0.44
including	509.25	512.80	3.55	2.8	1.05	1.05
	523.00	525.25	2.25	1.8	3.04	3.04
	551.00	555.20	4.20	3.3	0.32	0.32
	587.20	606.20	19.00	15.1	0.33	0.33
	617.40	620.55	3.15	2.5	0.33	0.33
	628.00	630.80	2.80	2.2	0.56	0.56

MMD-22-095	161.20	167.45	6.25	4.4	1.10	1.10
including	163.00	165.00	2.00	1.4	2.41	2.41
	186.30	190.00	3.70	2.6	0.33	0.33
	207.00	222.00	15.00	10.7	0.72	0.72
including	211.65	215.05	3.40	2.4	1.56	1.56
	267.00	276.00	9.00	6.5	0.46	0.46
including	274.00	276.00	2.00	1.4	1.61	1.61
	373.60	376.15	2.55	1.9	0.44	0.44
	412.50	418.00	5.50	4.1	0.71	0.71
Intersections calculated above at 0.3 g/t Au cut off with a top cut of 30 g/t Au and a maximum internal waste interval of 10 metres. Bordered intervals are intersections calculated above a 1.0 g/t Au cut off. Intervals in bold are those with a grade thickness factor exceeding 20 gram x metres / tonne gold. True widths are approximate and assume a subvertical body.

Table 2: Location of drill holes in this press release

HOLE	EAST	NORTH	RL	AZIMUTH	DIP	EOH
MMD-22-058	668,743	5,379,407	454	153°	-60°	645.00
MMD-22-059	668,819	5,379,436	439	154°	-50°	648.00
MMD-22-060	668,909	5,379,474	436	155°	-60°	600.05
MMD-22-061	669,091	5,379,558	448	155°	-60°	600.00
MMD-22-063	668,481	5,378,460	439	148°	-50°	563.00
MMD-22-068	669,177	5,379,614	455	154°	-60°	699.10
MMD-22-069	669,254	5,379,629	445	151°	-59°	600.00
MMD-22-071	669,077	5,378,242	432	335°	-51°	648.00
MMD-22-084	668,973	5,378,574	428	337°	-45°	414.15
MMD-22-088	669,031	5,378,642	431	336°	45°	498.00
MMD-22-089	668,972	5,378,560	428	314°	-51°	497.90
MMD-22-091	669,172	5,378,762	431	332°	-49°	494.30
MMD-22-093	669,018	5,378,463	430	289°	-50°	651.00
MMD-22-095	669,090	5,378,690	428	345°	-45°	420.00
Approximate collar coordinates in NAD 83, Zone 15N

Analytical and QA/QC Procedures

About Goldshore

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
E. brichards@goldshoreresources.com
W. www.goldshoreresources.com

Facebook: GoldShoreRes | Twitter: GoldShoreRes | LinkedIn: goldshoreres

Cautionary Note Regarding Forward-Looking Statements

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153300

Tags #GoldShoreResources, #GSHR, #JuniorMining, #MossLakeProject, Brett Richards, canadian gold company stocks, gold stocks to buy

Base Metals Exclusive Interviews Gold Shore Resources Junior Mining Precious Metals

Goldshore Resources – Potential Tier 1 Gold Deposit + Battery Metals

Post author By admin
Post date January 26, 2023

Flagship Project: The Moss Lake Property located in Ontario, Canada has 1.47 M oz of Indicated and 2.51 M oz of Inferred historical gold resources, along with a robust Preliminary Economic Assessment conducted in 2020.

Goldshore Resources – (TSX.V: GSHR | OTCQB: GSHRF)
CEO: Brett Richards
Website: https://goldshoreresources.com/
3D Deck: https://goldshoreresources.com/investors/#corporate-presentation
Company Filings: https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&i ssuerNo=00030293

The Best Video on Why and When to Buy and Sell Physical Precious Metals:

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Tags #BrettRichards, #GoldShoreResources, #MauriceJackson, #MossLakeProject, #ProvenAndProbable, Bestgoldstocks, canadian gold company stocks, GSHR

Gold Shore Resources

Goldshore Presenting at Emerging Growth Conference – January 11, 2023

Post author By admin
Post date January 9, 2023

Vancouver, British Columbia–(Newsfile Corp. – January 9, 2023) – Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (“Goldshore” or the “Company“) is presenting at the Emerging Growth Conference on January 11, 2023 at 12:30pm EST online.

Goldshore invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive presentation at the Emerging Growth Conference. Brett Richards, Chief Executive Officer of Goldshore, will be presenting and answering questions after the presentation. Please submit your questions in advance to Questions@EmergingGrowth.com or ask your questions during the event.

If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com and on the Emerging Growth YouTube Channel. We will release a link to that after the event.

About the Emerging Growth Conference

The Emerging Growth Conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner.

The conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and with overall potential for long term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.

All sessions will be conducted through video webcasts and will take place in the Eastern time zone.

About Goldshore

Goldshore is an emerging junior gold development company, and owns the Moss Lake Gold Project located in Ontario. Wesdome Gold Mines Ltd. is currently a large shareholder of Goldshore with an approximate 22% 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 Lake Gold Project through the next stages of exploration and development.

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
E. brichards@goldshoreresources.com
W. www.goldshoreresources.com

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Cautionary Note Regarding Forward-Looking Statements

Forward-looking statements in this news release include, among others, statements relating to expectations regarding the exploration and development of the Moss Lake Gold Project 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; the impact of COVID-19; the ongoing military conflict in Ukraine; and other risk factors outlined in the Company’s public disclosure documents.

Tags #JuniorMining, #MauriceJackson, #PreciousMetals, #ProvenAndProbable

Gold Shore Resources Junior Mining Precious Metals

Goldshore Announces Upsize of Private Placement to over $1 Million

Post author By admin
Post date December 29, 2022

Vancouver, British Columbia–(Newsfile Corp. – December 29, 2022) – Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (“Goldshore” or the “Company“) is pleased to announce that it is increasing the size of its previously announced non-brokered private placement offering of Units of the of the Company (the “Units”) at a price of $0.25 per Unit for gross proceeds of $1,041,680 (the “Financing”).

Each Unit issued in connection with the Financing is comprised of one common share of the Company (each, a “Common Share”) and one-half common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.40 at any time up to 24 months from the closing of the Offering. Goldshore may pay finders’ fees to eligible finders, as permitted by applicable securities laws and the rules of the TSX Venture Exchange.

The Company intends to use the proceeds raised from the Financing for future exploration work on its Moss Lake gold deposit in Northwest Ontario, Canada and for general working capital purposes.

The securities issued pursuant to the Financing will be subject to a four-month and one day hold period under applicable securities laws in Canada. Closing of the Financing is subject to approval by the TSX Venture Exchange.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any U.S. state securities laws, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

About Goldshore

Goldshore is an emerging junior gold development company, and owns the Moss Lake Gold Project located in Ontario. Wesdome Gold Mines Ltd. is currently a large shareholder of Goldshore with an approximate 23% 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 Lake Gold Project through the next stages of exploration and development.

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
E. brichards@goldshoreresources.com
W. www.goldshoreresources.com

Facebook: GoldShoreRes | Twitter: GoldShoreRes | LinkedIn: goldshoreres

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the expectation that the Offering will close in the timeframe and on the terms as anticipated by management. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connation thereof. These forward‐looking statements or information relate to, among other things: closing of the Financing and the timing thereof; receipt of approvals required to close the Financing; and the intended use of proceeds from the Financing.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will complete Offering in the timeframe and on the terms as anticipated by management. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the failure to complete the Offering in the timeframe and on the terms as anticipated by management, market conditions and timeliness regulatory approvals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit

Gold Shore Resources Junior Mining Precious Metals

Goldshore Announces Private Placement of up to $1 Million

Post author By admin
Post date December 23, 2022

Vancouver, British Columbia–(Newsfile Corp. – December 23, 2022) – Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (“Goldshore” or the “Company“) is pleased to announce a non-brokered private placement of up to 4,000,000 units (each, a “Unit”) at a price of $0.25 per Unit for gross proceeds of up to $1,000,000 (the “Financing”). Each Unit issued in connection with the Financing is comprised of one common share of the Company (each, a “Common Share”) and one-half common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.40 at any time up to 24 months from the closing of the Offering.

The Company intends to use the proceeds raised from the Financing for future exploration work on its Moss Lake gold deposit in Northwest Ontario, Canada and for general working capital purposes.

About Goldshore

Goldshore is an emerging junior gold development company, and owns the Moss Lake Gold Project located in Ontario. Wesdome Gold Mines Ltd. is currently a large shareholder of Goldshore with an approximate 23% 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 Lake Gold Project through the next stages of exploration and development.

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
E. brichards@goldshoreresources.com
W. www.goldshoreresources.com

Facebook: GoldShoreRes | Twitter: GoldShoreRes | LinkedIn: goldshoreres

Cautionary Note Regarding Forward-Looking Statements

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/149314

Tags #GSHR, #MossLakeProperty, #ProvenAndProbable, Brett Richards, Canada For further information contact: Kristina Pillon, canadian gold stocks list, Canadian Mining Stocks

Gold Shore Resources

Goldshore Announces Closing of $5.75 Million Public Offering

Post author By admin
Post date December 22, 2022

VANCOUVER, B.C., December 22, 2022: Goldshore Resources Inc. (TSXV: GSHR / OTC Markets: GSHRF / FSE: 8X00) (“Goldshore” or the “Company”) is pleased to announce that it has closed its previously announced public offering (the “Offering”), for aggregate gross proceeds of approximately $5.75 million, including the full exercise of the over-allotment option. The Offering was led by Research Capital Corporation as the lead agent and sole bookrunner, on behalf of a syndicate of agents, including Laurentian Bank Securities, Canaccord Genuity Corp., Gravitas Securities Inc., and Red Cloud Securities Inc. (collectively, the “Agents”). The Company issued the following combination of securities (the “Offered Securities”):

(i) 11,650,280 conventional units of the Company (“Conventional Units”) at a price of $0.25 per Conventional Unit. Each Conventional Unit consists of one common share (each, a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”); and

(ii) 9,458,100 flow-through units of the Company (the “FT Units”) at a price of $0.30 per FT Unit. Each FT Unit consists of one Common Share that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) and one-half of one Warrant.

Each Warrant will entitle the holder thereof to purchase one Common Share (a “Warrant Share”) at an exercise price of $0.40 per Warrant Share until December 22, 2024.

The net proceeds from the Offering of the Conventional Units will be used for working capital and general corporate purposes. The gross proceeds from the sale of FT Units will be used for exploration expenses on the Company’s Moss Lake property, located in Ontario, as Canadian exploration expenses as defined in paragraph (f) of the definition of “Canadian exploration expense” in subsection 66.1(6) of the Tax Act and “flow through mining expenditures” as defined in subsection 127(9) of the Tax Act that will qualify as “flow-through mining expenditures” (the “Qualifying Expenditures”), which will be incurred on or before December 31, 2023 and renounced with an effective date no later than December 31, 2022 to the initial purchasers of FT Units. For additional details regarding the use of proceeds, please see the prospectus supplement of the Company dated December 16, 2022, which is available under the Company’s profile on SEDAR at www.sedar.com.

In connection with the Offering, the Agents received a cash fee equal to $282,500.

Eventus Capital Corp. has been appointed as a special advisor to the Company.

Certain insiders of the Company participated in the Offering and purchased an aggregate of 40,000 Conventional Units and 118,400 FT Units. The insider participation in the Offering constitutes a related party transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-

101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved related parties, exceeded 25% of the Company’s market capitalization as determined under MI 61-101.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

About Goldshore

Goldshore is an emerging junior gold development company, and owns the Moss Lake Gold Project located in Ontario. Wesdome Gold Mines Ltd. is currently a large shareholder of Goldshore with an approximate 27% 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 Lake Gold Project through the next stages of exploration and development.

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 E. brichards@goldshoreresources.com W. www.goldshoreresources.com

Facebook: GoldShoreRes | Twitter: GoldShoreRes | LinkedIn: goldshoreres

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including final approval from the TSX Venture Exchange. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connation thereof. These forward‐looking statements or information relate to, among other things: the intended use of proceeds from the Offering, and the incurrence of Qualifying Expenditures.

Such forward-looking information and statements are based on numerous assumptions. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to market conditions and timeliness regulatory approvals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

Tags #GoldShoreResources, #JuniorMining, #MauriceJackson, #MilesFranklin, #ProvenAndProbable, Bestgoldstocks, Brett Richards, canadian gold company stocks, GSHR

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Category: Gold Shore Resources

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