Press Release
VANCOUVER, B.C., June 12, 2024: Goldshore Resources Inc. (TSXV: GSHR / OTC Markets: GSHRF / FSE: 8X00) (“Goldshore” or the “Company”) is pleased to announce its strategic plan for the next 12 months which will focus on the Moss Gold Project (“Moss”), specifically growth potential, advancement of economic studies, development of a permitting plan, and continued engagement with our host indigenous communities.
Highlights
Further details on the strategic plan will be shared in the coming weeks as the Company accelerates work programs and moves forward with project development.
Michael Henrichsen, CEO of Goldshore commented, “Having spent the last month working with our team and our strategic advisor, SAF Group, I am very confident we have the internal expertise and support needed to meaningfully advance Moss in the next 12 months. I have been very impressed with the growth possibilities at Moss and the optionality that is present with respect to potential development scenarios, particularly with the possibility for higher grade starter pits that we internally believe will be defined in the PEA study. Moss represents an exceptional opportunity to advance a Tier 1 project adjacent to developed infrastructure in Canada and I look forward to realizing the full potential of the project in the coming years.”
Figure 1: Focus Area for 2024 Exploration Efforts at the Moss Gold Project
Strategic 12 Month Plan
Growth:
Economic Study:
Community/Environment/Permitting:
Qualified Person Statements
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.
About Goldshore
Goldshore is a growth-oriented gold company focused on delivering long-term shareholder and stakeholder value through the acquisition and advancement of primary gold assets in tier-one jurisdictions. It is led by the ex-global head of structural geology for the world’s largest gold company and backed by one of Canada’s pre-eminent private equity firms. The Company’s current focus is the advanced stage 100% owned Moss Gold Project which is large scale and has excellent metallurgy. It is uniquely positioned in Ontario, Canada, with direct accessibility from the Trans-Canada Highway with hydroelectric power at site, supportive local communities and skilled workforce. The Company has invested over $60 million of new capital and completed approximately 80,000 meters of drilling on the Moss Gold Project, which, in aggregate, has had over 235,000 meters of drilling. The 2024 updated NI 43-101 mineral resource estimate (“MRE”) has expanded to 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au. The MRE remains open at depth and along strike and is one of the few remaining major Canadian gold deposits positioned for fast track through this development cycle. For more information, please visit SEDAR+ (www.sedarplus.ca) and the Company’s website (www.goldshoreresources.com).
For More Information – Please Contact:
Michael Henrichsen
President, Chief Executive Officer and Director
Goldshore Resources Inc.
E: mhenrichsen@goldshoreresources.com
W: www.goldshoreresources.com
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