September 9, 2021
VANCOUVER, B.C., September 9, 2021: Goldshore Resources Inc. (TSXV: GSHR / OTCQB: GSHRF / FWB: 8X00) (“Goldshore” or the “Company”), is pleased to announce that it has received the initial magnetic images from the heli-borne Versatile Time-Domain Electromagnetic (VTEM™ Plus) and Horizontal Magnetic Gradiometer geophysical survey conducted by Geotech Ltd. (“Geotech”) on the Moss Lake Gold Project located in northwest Ontario (Figure 1).
- Geotech’s processed magnetic images highlight the regional-scale attenuation, asymmetric boudinage and anastomosing character of shear zones, which are conducive for similar-scale fluid flow systems and speak to the prospectivity for mineralization in the district;
- The data allows the mapping of tightly folded stratigraphic units and intrusion margins, which correlate with gold mineralization and provide additional targets for drill testing;
- The data also highlight late NNE-striking sinistral strike slip faults that truncate the Moss Lake gold deposit and suggest a potential extension of mineralization in an area that has been significantly under-drilled; and
- The structurally controlled NE-trending domain boundary between highly magnetic and weakly magnetic rocks along the eastern flank of the Company’s tenement is the focus of high-grade copper-gold mineralization in the Hamlin prospect (IOCG) and the North Coldstream mine (VMS).
Peter Flindell, VP Exploration commented: “We are delighted to receive this excellent quality dataset that provides significant insight into the structural complexity of our portion of the Shebandowan Greenstone Belt. At this early stage, it suggests both potential offsets of, and focusing mechanisms for, mineralization. This information will greatly assist our efforts to generate new targets and prioritize our drilling program.”