Goldshore Resources Inc.'s (GSHR:TSX.V; GSHRF:OTCQB; 8X00:FWB) newly released intercepts expanded the strike length of a recently discovered zone at Moss, noted a Paradigm Capital report.
Goldshore Resources Inc. (GSHR:TSX.V; GSHRF:OTCQB; 8X00:FWB) announced more positive results from the now completed drill program at its Moss gold project in Ontario, reported Paradigm Capital Senior Analyst Don MacLean in a May 15 research note.
With the 20,000 meter (20,000m) drill campaign, Goldshore aimed to add resource ounces in and near the conceptual open pit. Targeted areas included ones with little previous drilling and categorized in the existing pit resource as waste, or not mineralized. Some of the reported results, though, noted MacLean, are from outside of the pit shell.
The set of results discussed in this report is for holes drilled to follow up on the previously discovered, higher-grade Superion zone, MacLean wrote. Two holes returned the following:
9.45m of 6.02 grams per ton gold (6.02 g/t Au), including 2.45m of 22.2 g/t Au, starting 186m downhole (hole MQD-25-175)13.05m of 2.3 g/t Au, including 3m of 9 g/t Au, starting 124m downhole (hole MQD-25-176)These results extended Superion's known strike length to more than 100m. Though small, Superion remains open in all directions.
"Even small tonnages with significantly higher-than-average grades can have a material positive impact on project economics," noted MacLean.
The analyst wrote that a preliminary economic assessment (PEA) of Moss is in progress and expected in H1/25. However, given that Goldshore keeps making new discoveries, the company likely will push out completion of the report to H2/25 so that new drill data may be incorporated in it.
This delay is warranted, purported MacLean, particularly because some of the mineralization being encountered is in so-called "waste" areas.
"That grows the ounces and decreases the waste strip ratio, a double positive impact to project economics," he added.
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Goldshore Resources Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Goldshore Resources Inc.Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor/employee.This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.For additional disclosures, please click here.
Disclosure for Paradigm Capital, Goldshore Resources Inc., May 15, 2025
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