Brett Richards, President and CEO of Goldshore Resources (TSX.V:GSHR – OTCQB:GSHRF) joins us to recap the 2021 exploration results from the Moss Lake Gold Project in Ontario and how things are developing with the ongoing 100,000 meter program as we move into this year. We start off by reviewing the continuity of the deposit with many long intercepts from 50 to 130 meters and an average grade over 1 g/t gold at Moss Lake. We get Brett to unpack why these are very economic grades in a project with roughly 4 million ounces of gold in all categories, and how this is the kind of a project that larger mining companies want to see; much more so than flashy high-grade intercepts over narrow intercepts that don’t hang together or are not economic.
Next we did focus up North on some of the high-grade targets at a second area of focus with a different VMS type of geology near the prior producing North Coldstream Mine, at the East Coldstream, North Coldstream, and Iris Lake targets. Some historic results in this area have returned very well-endowed mineralized results with high-grade gold, copper, and base metals, and the company will be drilling this area in the months to come to test these historic results and look at starting to define resources in this second area. In addition, there is a third target area down south of Moss Lake called Hamlin Lake that will get some scout drilling in 2022, following up on prospective prior historic results.
Brett outlined that while there are 4 drill rigs turn now to take advantage of the winter ice, that they’ll likely increase that to 6-7 drill rigs later in the spring and summer to get more aggressive with completing their 100,000 meter drill program, and prepare for a resource update and PEA.
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