Category: Blog

Blog sub category

Goldshore Intersects Additional High-Grade Shears in the QES Zone at the Moss Lake Gold Project

Post author By admin
Post date November 28, 2022

Vancouver, British Columbia–(Newsfile Corp. – November 28, 2022) – 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 for seven holes, drilled to expand the coverage of the high-grade shears in the QES Zone, have confirmed higher-grade shear-hosted gold mineralization within a large volume of well mineralized diorites. These results are all within the $1500 Whittle pit that constrains the current resource and identifies new high-grade shears. Best intercepts include:
- 1.51 g/t Au over 6.0m from 502.0m depth in MQD-22-075 and
- 1.47 g/t Au over 30.1m from 530.0m
- 8.45 g/t Au over 5.0m from 576m depth in MQD-22-076 including
  - 36.9 g/t Au over 1.0m from 577m
- 1.87 g/t Au over 6.75m from 602.25m
- 1.31 g/t Au over 14.15m from 544.0m depth in MQD-22-080
- 2.07 g/t Au over 6.0m from 422.0m depth in MQD-22-085 and
- 1.07 g/t Au over 15.0m from 457.0m
- 1.26 g/t Au over 7.15m from 573.85m
- 1.07 g/t Au over 24.7m from 369.0m depth in MQD-22-087 and
- 2.15 g/t Au over 5.0m from 489.0m
- 1.75 g/t Au over 8.05m from 513.95m
- 2.11 g/t Au over 30.75m from 536.9m including
  - 11.5 g/t Au over 3.1m from 555.2m
- 1.31 g/t Au over 63.6m from 427.0m depth in MQD-22-090A
  - 2.07 g/t Au over 32.0m from 439.0m
A new parallel mineralized shear structure has been discovered 150m south of the main QES system containing high grade mineralization within a sheared intermediate volcanic package with best intercepts of:
- 3.44 g/t Au over 5.8m from 246.4m depth in MQD-22-080
- 1.22 g/t Au over 4.0m from 206.0m depth in MQD-22-087
- 1.15 g/t Au over 7.3m from 75.0m depth in MQD-22-090A

President and CEO Brett Richards stated: “The results from these drill holes in the QES Zone are part of a 52-hole data set that was not included in the recent mineral resource estimate. They confirm our belief that there are additional high-grade shear zones within the deposit that will potentially add to the shear domain component of the mineral resource that we anticipate will be prioritized in the mining schedule when we move towards conducting a preliminary economic analysis next year.”

Technical Overview

Figure 1 shows the better intercepts in plain view and Figure 2 is a typical section through hole MQD-22-087. 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 shear and intrusion domains

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/8051/145867_cbaba705c4a3bbcb_002full.jpg

Figure 2: Drill section through MQD-22-0087 relative to shear and intrusion domains

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/8051/145867_cbaba705c4a3bbcb_003full.jpg

Results have been received for six holes that have infilled areas of the QES Zone that are between sections drilled by historic holes with collar survey problems. As a result, they will replace the low-confidence historic holes in the upcoming resource model update.

A seventh hole was drilled to the southeast of the QES Zone to investigate two historical showing along a parallel structure of the QES Zone but did not intersect significant mineralization.

As with the historic holes, these holes intersected several broad zones of low-grade mineralization within the altered diorite intrusion host. Examples include 0.77 g/t Au over 83m from 493m depth in MQD-22-075; 0.41 g/t Au over 32.45m from 437.55m and 0.71 g/t Au over 131.1m from 493m in MQD-22-076; 0.54 g/t Au over 102m from 476m and 0.39 g/t Au over 27.95m from 643m in MQD-22-080; 0.78 g/t Au over 70m from 419m and 0.50 g/t Au over 28.75m from 521.25m in MQD-22-085; 0.50 g/t Au over 115.9m from 408.1m in MQD-22-087; and 0.48 g/t Au over 27.45m from 552.05m in MQD-22-090A.

All these low-grade zones occur as envelopes to higher-grade structures that form a three-dimensional, anastomosing shear network that has developed in response to strain on the altered diorite intrusion. Results include the broad zones of +1 g/t Au mineralization shown in the highlights (e.g., 1.31 g/t Au over 63.6m from 427m depth in MQD-22-090A) and several narrow high-grade intervals, including 10.1 g/t Au over 0.7m from 545.8m and 36.9 g/t Au over 1m from 577m in MQD-22-076; 10.0 g/t Au over 1m from 427m in MQD-22-085; 20.6 g/t Au over 0.9m from 370.65m, 28.3 g/t Au over 0.3m from 540.3m and 11.5 g/t Au over 3.1m from 555.2m in MQD-22-087; and 19.4 g/t Au over 1.15m from 455.85m in MQD-22-090A.

An additional parallel shear was discovered within the intermediate volcanic package approximately 150m south of the main QES system which contains broad intercepts of low-grade mineralization including 0.91 g/t over 24.8m from 246.4m in MQD-22-080; 0.33 g/t over 45.7m from 150.0m in MQD-22-085; 0.42 g/t over 39.0m from 189.0m in MQD-22-087 containing internal higher grade intercepts including 3.44 g/t Au over 5.8m from 246.4m depth in MQD-22-080; 1.22 g/t Au over 4.0m from 206.0m depth in MQD-22-087; 1.15 g/t Au over 7.3m from 75.0m depth in MQD-22-090A.

Importantly, these intercepts have identified additional high-grade shears not modelled in the recent Mineral Resource.

Pete Flindell, VP Exploration for Goldshore, said, “These drill results confirm high-grade shears that we have modelled at the QES Zone and confirmed additional shears that we expect to include in the next mineral resource update early next year.”

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)
MQD-22-075	243.00	264.00	21.00	15.4	0.47	0.47
including	254.00	256.40	2.40	1.8	1.54	1.54
	468.00	476.90	8.90	6.8	0.45	0.45
	493.00	576.00	83.00	64.6	0.77	0.77
including	502.00	508.00	6.00	4.6	1.51	1.51
and	530.00	560.10	30.10	23.5	1.47	1.47
	595.25	610.00	14.75	11.7	0.54	0.54
including	596.00	599.00	3.00	2.4	1.13	1.13

MQD-22-076	192.00	196.00	4.00	2.8	0.46	0.46
	214.00	216.00	2.00	1.4	0.39	0.39
	355.00	358.15	3.15	2.4	0.38	0.38
	437.55	470.00	32.45	25.0	0.41	0.41
including	453.00	456.70	3.70	2.9	1.52	1.52
	483.50	489.40	5.90	4.6	0.35	0.35
	493.00	624.10	131.10	103.8	0.71	0.77
including	545.80	546.50	0.70	0.6	10.1	10.1
and	576.00	581.00	5.00	4.0	7.07	8.45
including	577.00	578.00	1.00	0.8	30.0	36.9
and	602.25	609.00	6.75	5.4	1.87	1.87
	641.00	644.00	3.00	2.4	0.46	0.46

MQD-22-080	82.75	86.60	3.85	2.6	0.35	0.35
	131.40	143.75	12.35	8.5	0.63	0.63
	181.30	187.80	6.50	4.6	0.40	0.40
	209.90	220.85	10.95	7.7	0.57	0.57
	246.40	271.20	24.80	17.7	0.91	0.91
including	246.40	252.20	5.80	4.1	3.44	3.44
	355.00	369.00	14.00	10.2	0.57	0.57
including	361.70	363.70	2.00	1.5	1.67	1.67
	382.00	385.45	3.45	2.5	0.63	0.63
	398.50	401.30	2.80	2.1	0.58	0.58
	418.00	421.00	3.00	2.2	0.54	0.54
	429.20	434.00	4.80	3.6	0.35	0.35
	458.00	460.70	2.70	2.0	0.59	0.59
	476.00	578.00	102.00	79.7	0.54	0.54
including	524.00	528.00	4.00	3.1	1.32	1.32
and	544.00	558.15	14.15	11.2	1.31	1.31
	613.00	616.00	3.00	2.4	0.37	0.37
	624.10	633.00	8.90	7.3	0.30	0.30
	643.00	670.95	27.95	23.1	0.39	0.39

MQD-22-085	63.60	74.10	10.50	7.1	0.38	0.38
	116.15	118.35	2.20	1.5	1.57	1.57
	150.00	195.70	45.70	32.2	0.33	0.33
	248.00	250.00	2.00	1.4	0.39	0.39
	256.00	258.00	2.00	1.4	0.41	0.41
	284.80	288.05	3.25	2.4	0.91	0.91
including	286.00	288.05	2.05	1.5	1.30	1.30
	337.00	342.00	5.00	3.7	0.30	0.30
	362.00	371.65	9.65	7.2	0.31	0.31
	382.45	388.00	5.55	4.1	0.30	0.30
	390.80	410.90	20.10	15.0	0.31	0.31
	419.00	489.00	70.00	53.1	0.78	0.78
including	422.00	428.00	6.00	4.5	2.07	2.07
including	427.00	428.00	1.00	0.8	10.0	10.0
and	443.00	446.00	3.00	2.3	1.09	1.09
and	457.00	472.00	15.00	11.4	1.07	1.07
and	481.00	485.00	4.00	3.1	2.10	2.10
	506.00	508.00	2.00	1.5	0.67	0.67
	521.25	550.00	28.75	22.4	0.50	0.50
	573.85	581.00	7.15	5.7	1.26	1.26
	665.20	671.55	6.35	5.1	0.35	0.35

MQD-22-087	78.00	81.55	3.55	2.4	0.43	0.43
	92.00	109.00	17.00	11.6	0.33	0.33
	189.00	228.00	39.00	27.3	0.42	0.42
including	206.00	210.00	4.00	2.8	1.22	1.22
	249.75	261.00	11.25	8.0	0.49	0.49
	289.50	298.70	9.20	6.6	0.42	0.42
including	294.50	296.65	2.15	1.6	1.07	1.07
	342.00	349.65	7.65	5.6	0.40	0.40
	369.00	393.70	24.70	18.2	1.07	1.09
including	370.65	371.55	0.90	0.7	20.6	20.6
	408.10	524.00	115.90	87.3	0.50	0.50
including	425.30	429.50	4.20	3.1	1.28	1.28
and	489.00	494.00	5.00	3.8	2.15	2.15
and	513.95	522.00	8.05	6.1	1.75	1.75
	536.90	567.65	30.75	23.6	2.11	2.11
including	539.55	567.65	28.10	21.6	2.23	2.23
including	540.30	540.60	0.30	0.2	28.3	28.3
and	555.20	558.30	3.10	2.4	11.5	11.5
	579.00	592.00	13.00	10.1	0.37	0.37
	628.65	634.00	5.35	4.2	0.48	0.48

MQD-22-090A	75.00	82.30	7.30	3.8	1.15	1.15
including	78.00	81.55	3.55	1.8	2.05	2.05
	94.00	98.00	4.00	2.1	0.54	0.54
	133.00	146.00	13.00	7.0	0.35	0.35
	193.00	196.00	3.00	1.6	0.39	0.39
	227.70	230.60	2.90	1.6	0.53	0.53
	238.55	240.85	2.30	1.3	0.42	0.42
	245.00	252.25	7.25	4.0	0.35	0.35
	287.35	292.75	5.40	3.0	0.44	0.44
	427.00	490.60	63.60	37.7	1.31	1.31
including	427.00	429.00	2.00	1.2	1.10	1.10
and	439.00	471.00	32.00	19.0	2.07	2.07
including	455.85	457.00	1.15	0.7	19.4	19.4
	503.85	508.00	4.15	2.5	0.73	0.73
	519.00	541.00	22.00	13.3	0.35	0.35
including	525.00	527.00	2.00	1.2	1.47	1.47
	552.05	579.50	27.45	16.8	0.48	0.48
including	574.00	576.00	2.00	1.2	1.14	1.14
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
MQD-22-075	670,308	5,379,250	443	336°	-47°	675.1
MQD-22-076	670,379	5,379,296	442	338°	-47°	651.0
MQD-22-080	670,462	5,379,398	450	335°	-50°	675.05
MQD-22-083	670,667	5,379,431	433	156°	-50°	630.1
MQD-22-085	670,636	5,379,537	441	336°	-49°	675.0
MQD-22-087	670,546	5,379,463	449	336°	-49°	675.0
MQD-22-090A	670,654	5,379,625	429	346°	-60°	606.0
Approximate collar coordinates in NAD 83, Zone 15N

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.

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.

About the Moss Lake Gold Project

The Moss Lake Gold Project is located approximately 100 km west of the city of Thunder Bay, Ontario. It is accessed via Highway 11 which passes within 1 km of the property boundary to the north. The Moss Lake Gold Project covers 14,292 hectares and consists of 282 unpatented and patented mining claims.

The Moss Lake Gold Project hosts a number of gold and base metal rich deposits including the Moss Lake Deposit (Table 3), the East Coldstream Deposit (Table 4), the historically producing North Coldstream Mine (Table 5), and the Hamlin Zone, all of which occur over a mineralized trend exceeding 20 km in length.

The Moss Lake Deposit hosts an estimated inferred mineral resource of 4.17 Moz Au (see Goldshore’s news release dated November 15, 2022). A technical report is being prepared in accordance with National Instrument 43-101 (“NI 43-101“) and will be available on the Company’s website and SEDAR within 45 days of November 15, 2022.

A historical mineral resource estimate (the “East Coldstream Historical Estimate“) was completed on the East Coldstream Deposit in 2011 by Foundation Resources Inc.²^,3 The East Coldstream Deposit is a shear-hosted disseminated-style gold deposit which locally outcrops at surface. It has been drilled over a 1.3 km length and to depths of 200 m with 138 holes completed between 1988 and 2017. The deposit remains largely open at depth and may have the potential for expansion along strike. Historic drill hole highlights from the East Coldstream Deposit include 4.86 g/t Au over 27.3 m in C-10-15.

The historically producing North Coldstream Mine is reported to have produced significant amounts of copper, gold and silver⁴ from mineralization with potential iron-oxide-copper-gold deposit style affinity. The exploration potential immediately surrounding the historic mining area is not currently well understood and historic data compilation is required.

The Hamlin Zone is a significant occurrence of copper and gold mineralization, and also of potential iron-oxide-copper-gold deposit style affinity. Between 2008 and 2011, Glencore tested Hamlin with 24 drill holes which successfully outlined a broad and intermittently mineralized zone over a strike length of 900 m. Historic drill hole highlights from the Hamlin Zone include 0.9 g/t Au and 0.35% Cu over 150.7 m in HAM-11-75.

The Moss Lake, East Coldstream and North Coldstream deposits sit on a mineral trend marked by a regionally significant deformation zone locally referred to as the Wawiag Fault Zone in the area of the Moss Lake Deposit. This deformation zone occurs over a length of approximately 20 km on the Moss Lake Gold Project and there is an area spanning approximately 7 km between the Moss Lake and East Coldstream deposits that is significantly underexplored.

Table 3: Mineral Resource Estimate (Moss Lake Deposit) ¹

Inferred Resources (Domains)	Tonnes (Mt)	Grade (g/t Au)	Contained Metal (Moz AU)
Shear	34.7	2.0	2.20
Intrusion	87	0.7	1.97
TOTAL	121.7	1.1	4.17

Notes:

(1) The Moss Lake Deposit hosts an estimated inferred mineral resource of 4.17 Moz Au (see Goldshore’s news release dated November 15, 2022). A technical report is being prepared in accordance with NI 43-101 and will be available on the Company’s website and SEDAR within 45 days of November 15, 2022.

Table 4: Historical Mineral Resources (East Coldstream Deposit) ²^,3

	INDICATED	INFERRED
	Tonnes	Grade (g/t Au)	Oz Au	Tonnes	Grade (g/t Au)	Oz Au
East Coldstream Total	3,516,700	0.85	96,400	30,533,000	0.78	763,276

Notes:
(2) Source: McCracken, T. “Technical Report and Resource Estimate on the Osmani Gold Deposit, Coldstream Property, Northwestern Ontario”, prepared for Foundation Resources Inc. and Alto Ventures Ltd. The East Coldstream Historical Estimate is based on a 0.4 g/t Au cut-off grade. The qualified persons for the East Coldstream Historical Estimate are Todd McCracken, P.Geo. (Tetratech Wardrop), and Jeff Wilson, Ph.D., P.Geo. (Tetratech Wardrop), and the effective date of the East Coldstream Historical Estimate is December 12, 2011. Resources are presented unconstrained, undiluted and in situ. The East Coldstream Historical Estimate includes 2 gold-bearing zones. A cut-off grade of 0.4 g/t Au was selected as the official resource cut-off grade. The East Coldstream Historical Estimate is based on 116 diamond drill holes drilled from 1986 to 2011. A fixed density of 2.78 g/cm3 was used. Capping was established at 5.89 g/t Au and 5.70 g/t Au for domains EC-1 and EC-2, respectively. This is supported by statistical analysis and the high grade distribution within the deposit. Compositing was done on drill hole sections falling within the mineralized zone solids (composite = 1 m). Resources were evaluated from drill hole samples using the ID2 interpolation method in a multi-folder percent block model using Datamine Studio 3 version 3.20.5321.0. Resource categorization is based on spatial continuity based from the variography of the assays within the drillholes. Ounce (troy) = metric tons x grade / 31.10348. Calculations used metric units (metres, tonnes and g/t). The number of metric tonnes was rounded to the nearest thousand. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations in NI 43-101.

(3) The reader is cautioned that the East Coldstream Historical Estimate is considered historical in nature and as such is based on prior data and reports prepared by previous property owners. The reader is cautioned not to treat it, or any part of it, as current mineral resources or reserves. The Company has determined this historical resource is reliable, and relevant to be included here in that it demonstrates simply the mineral potential of the Moss Lake Gold Project. A qualified person has not done sufficient work to classify the East Coldstream Historical Estimate as a current resource and Goldshore is not treating the East Coldstream Historical Estimate as a current resource. Significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before the East Coldstream Historical Estimate can be classified as a current resource. There can be no assurance that any of the historical mineral resources, in whole or in part, will ever become economically viable. In addition, mineral resources are not mineral reserves and do not have demonstrated economic viability. Even if classified as a current resource, there is no certainty as to whether further exploration will result in any inferred mineral resources being upgraded to an indicated or measured mineral resource category. The East Coldstream Historical Estimate relating to inferred mineral resources was calculated using prior mining industry standard definitions and practices for estimating mineral resource and mineral reserves. Such prior definitions and practices were utilized prior to the implementation of the current standards of the Canadian Institute of Mining for mineral resource estimation, and have a lower level of confidence.

Table 5: Reported Historical Production (North Coldstream Deposit) ⁴

Deposit	Tonnes	Cu %	Au g/t	Ag	Cu lbs	Au oz	Ag oz
Historical Production	2,700,0000	1.89	0.56	5.59	102,000,000	44,000	440,000

Note:

(4) Source: Schlanka, R., 1969. Copper, Nickel, Lead and Zinc Deposits of Ontario, Mineral Resources Circular No. 12, Ontario Geological Survey, pp. 314-316.

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 Lake Gold Project, plans to conduct a preliminary economic assessment and timing thereof, updating the mineral resource estimates, the filing of a technical report to support the mineral resource estimate at the Moss Lake Deposit, 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 ongoing military conflict in Ukraine; and other risk factors outlined in the Company’s public disclosure documents.

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/145867

Tags #BrettRichards, #GoldShoreResources, #GSHR, #InvestingInBatteryMetals, #InvestingInCopper, #JuniorMining, #MauriceJackson, #MilesFranklin, #MossLakeProject, #PreciousMetals, #ProvenAndProbable, Canadian Mining Stocks, maurice jackson, proven and probable

Junior Mining Labrador Gold Precious Metals

Labrador Gold Intersects 23.44 g/t Au Over 1.27 Metres at Big Vein Southwest

Post author By admin
Post date November 28, 2022

Figure 1.

Figure 2.

TORONTO, Nov. 28, 2022 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce results from recent drilling targeting the prospective Appleton Fault Zone over a 12km strike length. The drilling is part of the Company’s ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project.

Highlights of the drilling include an intersection of 8.60g/t Au over 4.41 metres from 326.89 metres that included 53.52g/t Au over 0.31 metres in Hole K-22-211 that contains visible gold, and 1.31g/t Au over 7 metres from 270 metres including 8.49g/t Au over 0.91 metres in Hole K-22-207 from Big Vein Southwest. Hole K-22-202, drilled at the northeast end of Big Vein, intersected 5.68g/t Au over 2.65 metres from 189.7 metres that included 18.27g/t Au over 0.78 metres.

Hole K-22-211 was collared 40 metres southwest of Hole K-22-174 that intersected 284.1 g/t Au over 0.58 metres and 15.05g/t Au over 1.11 metres (see News Release dated July 7, 2022) and extends the mineralized zone further to the Southwest.

“We continue to have drilling success at both ends of Big Vein which has now been drilled over a strike length of approximately 520 metres and remains open in both directions. In particular, the high grade zone containing visible gold at Big Vein Southwest continues to expand,” said Roger Moss, President and CEO. “Two drill rigs continue drilling at Big Vein to test for extensions of the mineralization in both directions. Drilling will continue through the winter.”

Hole ID	From (m)	To (m)	Interval (m)	Au (g/t)	Zone
K-22-211	326.89	331.3	4.41	8.6	Big Vein SW
including	326.89	328.16	1.27	23.44
including	327.19	327.5	0.31	53.52
	333.71	334.71	1	1.52
K-22-207	270	277	7	1.31	Big Vein SW
including	273.57	274.48	0.91	8.49
K-22-202	189.7	192.35	2.65	5.68	Big Vein
including	189.7	190.48	0.78	18.27
	245.3	246.2	0.9	1
	354.7	358.8	4.1	1.06
including	354.7	355.65	0.95	2.06
K-22-201	262	263	1	1.56	Big Vein SW
K-22-199	nsv				CSAMT
K-22-198	214	215	1	2.2	Big Vein
	266	268	2	2.5
K-22-197	356.87	357.97	1.1	1.34	Big Vein SW
K-22-196	nsv				Golden Glove
K-22-195	nsv				CSAMT

Table 1. Summary of assay results. All intersections are downhole length as there is insufficient Information to calculate true width.

Figure 1. Visible gold in Hole K-22-211.
https://www.globenewswire.com/NewsRoom/AttachmentNg/03572774-0511-4519-bf5e-5b6043993756

Figure 2. Big Vein plan map.
https://www.globenewswire.com/NewsRoom/AttachmentNg/902bb7b2-45ed-49bb-b988-35872c854fbe

A total of 61,404 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 4,263 metres of core (11.4% of the total submitted).

The Company has $20 million in cash and is well funded to carry out the remaining 39,000 metres of the planned drill program as well as further exploration to add to the pipeline of drill targets on the property.

Hole ID	Easting	Northing	Elevation	Azimuth	Dip	Total Depth
K-22-211	661396	5434973	42	130	55	350
K-22-207	661366	5434937	38	140	50	317.52
K-22-202	661594	5435327	45.7	155	55	422
K-22-201	661366	5434937	38	130	55	315
K-22-199	666712	5443699	44	295	45	300
K-22-198	661594	5435327	45.7	155	45	368
K-22-197	661366	5434937	38	130	50	389
K-22-196	660700	5432008	33.5	355	45	476.13
K-22-195	666712	5443699	44	140	45	454.11

Table 2. Drill hole collar details

QA/QC

True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with atomic absorption finish as well as by ICP-OES for an additional 34 elements. Samples containing visible gold are assayed by metallic screen/fire assay, as are any samples with fire assay results greater than 1g/t Au. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch.

Qualified Person

Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.

The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.

About Labrador Gold
Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

Labrador Gold’s flagship property is the 100% owned Kingsway project in the Gander area of Newfoundland. The three licenses comprising the Kingsway project cover approximately 12km of the Appleton Fault Zone which is associated with gold occurrences in the region, including those of New Found Gold immediately to the south of Kingsway. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water. LabGold is drilling a projected 100,000 metres targeting high-grade epizonal gold mineralization along the Appleton Fault Zone with encouraging results. The Company has approximately $20 million in working capital and is well funded to carry out the planned program.

The Hopedale property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Work to date by Labrador Gold show gold anomalies in rocks, soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 km along the southern section of the greenstone belt (see news release dated January 25^th 2018 for more details). Labrador Gold now controls approximately 40km strike length of the Florence Lake Greenstone Belt.

The Company has 169,189,979 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:
Roger Moss, President and CEO Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter @LabGoldCorp

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

Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Tags ##RogerMoss, #JuniorGoldMiners, #JuniorMining, #MauriceJackson, #PreciousMetals, #ProvenAndProbable, Big Vein, Canadian Mining Stocks, Kingsway Gold Project, Labrador Gold

Energy Junior Mining Precious Metals Silver Hammer

Silver Hammer Makes Leadership Transition and Appoints Warwick Smith as Interim President and CEO

Post author By admin
Post date November 28, 2022

Silver Hammer Mining, Proven and Probable

VANCOUVER, British Columbia, Nov. 23, 2022 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF) (the “Company” or “Silver Hammer”) is pleased to announce the appointment of the Company’s long term strategic advisor and supporter of the Company, Warwick Smith, as the Company’s new Interim President and Interim CEO, effective immediately.

To facilitate Mr. Smith’s appointment, Morgan Lekstrom has resigned as the President and CEO of the Company, effective immediately. The Company wishes Mr. Lekstrom well in his future endeavors.

Interim President and CEO, Warwick Smith, stated: “Silver Hammer is a well-structured and well-positioned company with cash and high-grade past-producing assets that have tremendous exploration upside. We expect to have assay results from our Silver Strand Project in the coming weeks and have a queue of quality drill targets now defined at our other projects that provide us with optionality in terms of potential joint ventures. I look forward to bringing my experience and working with our team to deliver shareholder value on an interim basis as we put this company on track for future growth.”

WATCH INCOMING INTERIM PRESIDENT & CEO, WARWICK SMITH’S COMMENTS ON TODAY’S NEWS AND THE PATH FORWARD FOR SILVER HAMMER MINING CORP.

Warwick Smith Bio

At just 30 years old, Warwick was a founding shareholder of Riverside Resources Inc. before becoming CEO of Western Pacific Resources Corp. at age 33 where he successfully negotiated the transaction to acquire the Deer Trail Mine (now operated by MAG Silver), while concurrently closing $18M in financing. As current CEO and Director of America Pacific Mining Corp., Mr. Smith negotiated the transaction to purchase the past-producing Madison Mine in Montana, a joint venture, earn-in agreement with major, Rio Tinto, a transaction that was subsequently nominated for the S&P Global Platts Deal of The Year for 2021. Subsequently, Mr. Smith led American Pacific in its takeover of Constantine Metals, which brought the 14 million tonne high-grade VMS Palmer Project, under partnership with Dowa Mining and Metals, into the portfolio.

In 2022 Mr. Smith was nominated for CEO of the Year by S&P Global Platts. As an industry expert, Mr. Smith has been featured on Bloomberg, Benzinga, Investing.com, Mining Journal, Northern Miner, S&P Global Platts, Globe and Mail, Kitco, Traders TV and Mining Weekly and continues to be a significant investor in the mining and metals sector.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. Silver Hammer’s primary focus is defining and developing silver deposits near past-producing mines that have not been adequately tested. The Company’s portfolio also provides exposure to copper and gold discoveries.

On Behalf of the Board of Silver Hammer Mining Corp.

Warwick Smith
Interim President and CEO

Corporate Office:
Suite 206 – 595 Howe Street
Vancouver, BC V6C 2T5

For investor relations inquiries, contact:

Kristina Pillon, High Tide Consulting Corp.
T: 604.908.1695
E: investors@silverhammermining.com

For media inquiries, contact:

Adam Bello, Primoris Group Inc.
T: 416.489.0092
E: media@primorisgroup.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

Base Metals Energy Exclusive Interviews Junior Mining Precious Metals Rover Metals

Rover Metals – Definitive Agreement Let’s Go Lithium Project

Post author By admin
Post date November 25, 2022

Website: https://rovermetals.com/
Fact Sheet: https://rovermetals.com/s/Rover_FactSheet_v12.pdf
Presentation: https://bit.ly/3XumHyn

Check out this great interview with Judson Culter the CEO of Rover Metals, as the company is expanding its portfolio onto critical minerals. Will shareholders have a positive reaction to the new portfolio diversification? Find out right here!

A CRITICAL MINERALS EXPLORATION COMPANY
Rover Metals (“Rover”) is a publicly traded Canadian junior mining company specialized in North American critical minerals and precious metal development-stage mining projects. Rover’s twelve month forward-looking plan is to advance exploration at our Nevada Claystone Lithium project and at our Northern Canada Zinc-Copper project, located near the city of Yellowknife, NT, Canada. The Indian Mountain Lake Project is the Company’s first district scale land package, representing approximately 30,000 acres of greenstone belt.

Rover Metals also has 100% ownership of several gold mining assets located near to the city of Yellowknife, NT. Rover obtained a public listing for its securities on the TSX Venture Exchange as a Tier II Mining Issuer on June 26, 2018.

Rover Metals trades under the symbol “ROVR” on the TSXV. Rover also obtained a public co-listing of its securities on the OTCQB on January 17, 2019 (OTCQB: ROVMF), and on the Frankfurt Stock Exchange on February 1, 2021 (FRA: 4XO).

The Company is run by an experienced management team and board that are career mining executives. Our management team and board have a proven history financing the development of mining projects, taking them into production, and re-selling them.

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

I’m a licensed broker for Miles Franklin Precious Metals Investments, The Only Online Dealer that is Licensed and Bonded (Period)! Where we provide unlimited options to expand your precious metals portfolio, from:

Website| www.provenandprobable.com
Call me directly at 855.505.1900 or email: Maurice@MilesFranklin.com
Precious Metals FAQ – https://www.milesfranklin.com/faq-maurice/

Tags #InvestingInBatteryMetals, #JudsonCulter, #JuniorMining, #MauriceJackson, #MilesFranklin, #PreciousMetals, #ProvenAndProbable, #RoverMetals, #ROVR, Letsgolithiumproject, maurice jackson, proven and probable

Base Metals Collective Mining Energy Exclusive Interviews Junior Mining Precious Metals

Collective Mining – Extends Exploration Program on Apollo

Post author By admin
Post date November 23, 2022

Joining us for a conversation is Ari Sussman of Collective Mining, Colombia’s Newest Exploration Company. Collective Mining has just announced another significant development coming from the flagship Guayabales Project demonstrating continuity with a new Strike of 385 Meters, Width at 350 Meters, and Vertical 825 Meters! In this interview with provide shareholders with an update on the Collective Mining’s Exploration Program, which was just extended another 3,000 Metres on the back of a successful $10 Million Finance.

In this video, we’ll be highlighting Collective Mining and their recent Breccia expansion at the Apollo Target. Collective Mining is becoming a front runner in the junior mining space. With their flagship Guayables Project, Collective Mining is looking to materially expand their current mineral holdings.

If you’re interested in junior mining stocks, then you’ll want to check out this video! We’ll discuss Collective Mining’s new project, Apollo, and what this could mean for the junior mining space. Make sure to subscribe to our channel so you never miss an update!

In this video, I’m discussing the flagship Guayabales Project, specifically the Apollo Target with Aris Sussman of Collective Mining. The expansion at the Apollo gold project in Colombia, and how this could lead to further gains for Collective Mining shareholders.

COLLECTIVE MINING:
Listing:(TSX.V: CNL | OTCQX: CNLMF)
Website: https://www.collectivemining.com/
Press Release: https://provenandprobable.com/step-out-drilling-materially-expands-the-overall-dimensions-of-collective-minings-main-breccia-discovery-at-apollo/
Corporate Presentation: https://www.collectivemining.com/investors/presentations/
Facebook: https://www.facebook.com/CollectiveMiningCol
Twitter: https://twitter.com/CollectiveMini1
LinkedIn: https://www.linkedin.com/company/collectivemining/?originalSubdomain=co
Instagram: https://www.instagram.com/collectivemining/
Youtube: https://www.youtube.com/channel/UC0J8zpCq0TNhJQePKdCrJag

Collective Mining: Rapidly advancing, large scale gold-copper-silver-moly porphyry and breccia targets with related high-grade vein systems in the mining-friendly department of Caldas in Colombia

Collective Mining’s two projects the Guayabales (Flagship) and the San Antonio (Secondary) are situated in Marmato, an underexplored yet multi-million ounce, high-grade gold and silver district located in the Middle Cauca belt in Colombia. With six out of eleven targets drilled, the Company has made three promising grassroot discoveries to date and is awaiting assay results on a potential fourth discovery. Drilling activity continues at a brisk pace with a 20,000+ metre drill program in 2022.

The Best Video on WHY and WHEN to Buy and Sell Physical Precious Metals:

Proven and Probable
Where we deliver Mining Insights & Bullion Sales. I’m a licensed broker for Miles Franklin Precious Metals Investments, The Only Online Dealer that is Licensed and Bonded (Period)! Where we provide unlimited options to expand your precious metals portfolio, from

Website| www.provenandprobable.com
Call me directly at 855.505.1900 or email: Maurice@MilesFranklin.com
Precious Metals FAQ – https://www.milesfranklin.com/faq-maurice/

Tags #AriSussman, #CNL, #CollectiveMining, #Guayabales, #InvestingInBatteryMetals, #JuniorMining, #MauriceJackson, #ProvenAndProbable, Apollo Target

Base Metals Energy Granite Creek Copper Junior Mining Metallic Group Precious Metals

CORRECTING AND REPLACING: Granite Creek Copper Identifies New, High-Priority Resource Expansion Targets at Carmacks Copper-Gold-Silver Project in Yukon Canada

Post author By admin
Post date November 22, 2022

This press release corrects, replaces and entirely supersedes the prior version published on November 21, 2022 at 4:00 PM ET

VANCOUVER, BC / ACCESSWIRE / November 22, 2022 / Granite Creek Copper Ltd. (TSXV:GCX)(OTCQB:GCXXF) (“Granite Creek” or the “Company“) is pleased to announce results from an Induced Polarization (“IP”) survey conducted on the Company’s 100%-owned Carmacks copper-gold-silver project (“Carmacks” or the “Deposit”) in the Minto Copper District of central Yukon, Canada. The large, highly prospective, potential resource expansion targets identified adjacent to or near the proposed open pits warrant follow-up exploration in upcoming campaigns. The Company further announces it has closed the second and final tranche of the private placement financing described in a news release dated October 5, 2022.

President & CEO, Tim Johnson, stated, “These multiple new zones and targets adjacent to the conceptual open pits, as defined by the March NI 43-101 Mineral Resource Estimate update, further highlight the prospectivity of our Carmacks project. Our team continues to do excellent work at Carmacks and we are confident in our ability to expand known mineralization and make new discoveries in the lesser explored parts of the 176km² project. The current focus is the completion of the upcoming PEA and we look forward to reporting on the robust economics of the Carmacks project in the near term.”

Survey Overview

The first survey line (Line 1100S) was conducted over Zone 147 to investigate the correlation between known copper sulphide mineralization and the chargeability response from the Simcoe Geophysics deep-penetrating IP survey (see Figure 2 below). Subsequent survey lines were conducted over near-deposit target areas.

The results of the survey were enhanced by Resistivity Scaled Chargeability (“RSC”). RSC is a ratio of chargeability to resistivity (electrical properties measured by the IP survey) with the applied ratio determined by comparing various ratios to known mineralized bodies. The well-defined Zone 147 was used as a model to determine the RSC ratio that best fit the known mineralization. (See Figure 4 below).

Figure 1 – Carmacks Copper-Gold Project Location