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Globe and Mail
03-07-2025
- Business
- Globe and Mail
Goldshore Intersects 42.7m of 1.09 g/t Au at the Eastern QES Zone of the Moss Deposit
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2025) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (" Goldshore" or the " Company") is pleased to announce its latest assay results from its completed 20,000-meter drill program and the final results from the QES Up zone targeting the near surface extension of the most northern QES shears at the Moss Gold Project in Northwest Ontario, Canada (the " Moss Gold Project"). The drilling targeted the eastern side of the QES zone to confirm thickening of mineralization and its orientation. Michael Henrichsen, CEO of Goldshore, commented, "We're pleased with the continued positive results from the winter drilling with follow-up holes at the QES Zone intersecting wide intercepts of gold mineralized structure with some shears providing higher mineralization closer to surface. These results further support the potential for this region to support rapid payback in the early years of mining. This successful winter program sets the stage for our recently announced 50,000-meter drill program, focused on further resource expansion (29,000 meters) and grade control drilling (21,000 meters) which will ultimately set the stage for the infill drill program in 2026." Highlights: Results from two drill holes, which infilled significant drilling gaps in the QES Zone, intersected multiple wide intervals of gold-mineralized shear zones. The results confirmed the splaying of the QES zone into multiple shears on the eastern edge of the QES Zone with best intercepts of: 42.7m of 1.09 g/t Au from 241.6m in MQD-25-155, including 20.0m of 1.77 g/t Au from 246.0m, and 2.3m of 1.98 g/t Au from 282.0m, and 46.05m of 0.60 g/t Au from 290.0m, including 8.0m of 1.46 g/t Au from 309.0m 31.9m of 0.95 g/t Au from 231.2m in MQD-25-157, including 15.1m of 1.53 g/t Au from 233.4m, and 47.4m of 0.58 g/t Au from 271.6m, including 5.4m of 1.44 g/t Au from 272.0m, and 3.9m of 1.05 g/t Au from 310.3m Additionally, both holes confirmed the near surface extensions of deeper marginal shears along the northern edge of the QES Zone with some shears returning higher grade mineralization closer to surface with best intercepts of: 9.45m of 0.73 g/t Au from 156.0m in MQD-25-155, including 5.0m of 1.03 g/t Au from 159m 4.6m of 1.07 g/t Au from 30.4m in MQD-25-157, and 19.0m of 0.42 g/t Au from 43.0m, and 11.7m of 1.48 g/t Au from 102.0m, including 9.75m of 1.71 g/t Au from 103.0m, and 22.0m of 0.74 g/t Au from 154.0m, including 6.9m of 1.72 g/t Au from 154.4m Technical Overview Figure 1 shows the location of the drill holes being reported with respect to the completed winter drill program, while Figure 2 illustrates a cross section through drill hole MQD-25-157. Tables 1 & 2 summarize significant intercepts and drill hole locations, respectively. Figure 1: Summarizes the completed winter 2025 drill program, which targeted resource expansion within the conceptual open pit outlined in grey. Drill holes being reported are highlighted in red. To view an enhanced version of this graphic, please visit: Figure 2: Cross section through MQD-25-157 illustrating the mineralized core shears in the QES Zone, as well as the extension of marginal shears toward surface on the northern flank of the QES Zone (QES Up). To view an enhanced version of this graphic, please visit: MQD-25-155 and MQD-25-157 were both drilled to test the QES Up target, which aims to prove the extension toward surface of deeper-modelled mineralized shear zones along the northern boundary of the QES Zone. The area targeted lies entirely within the conceptual open pit with all mineralized intersections representing opportunities to convert currently modelled waste to mineral resource. Both holes were extended through the entirety of the QES Zone, where they infilled gaps in the existing drilling. MQD-25-159 targeted a potential northern splay off the primary QES zone. Holes MQD-25-155 and MQD-25-157 were drilled 100m apart targeting surface extensions of deeper-modelled mineralized shear zones along the northern boundary of the QES Zone. They are the two most eastern holes of the QES Up program. MQD-25-155 collared into a weakly deformed and chlorite-epidote altered diorite quickly transitioning to a sericite-silica-chlorite dominated alteration with localized 1-2% pyrite-chalcopyrite bearing, sericite-silica-hematite altered shears increasing in intensity and depth. MQD-25-157 collared directly into the sericite-silica-chlorite packages. The sericite-silica-hematite altered shears are moderately mineralized with intercepts including 9.45m of 0.73 g/t Au from 156.0m, including 5.0m of 1.03 g/t Au from 159m in MQD-25-155; and 4.6m of 1.07 g/t Au from 30.4m, 19.0m of 0.42 g/t Au from 43.0m, 11.7m of 1.48 g/t Au from 102.0m, including 9.75m of 1.71 g/t Au from 103.0m, and 22.0m of 0.74 g/t Au from 154.0m, including 6.9m of 1.72 g/t Au from 154.4m in MQD-25-157 (Table 1). Both holes were extended into the QES namesake quartz eye granodiorite with pervasive sericite-silica-hematite alteration cut by shears hosting 3-5% pyrite-chalcopyrite mineralization. These shears host wide intercepts including 42.7m of 1.09 g/t Au from 241.6m, including 20.0m of 1.77 g/t Au from 246.0m and 2.3m of 1.98 g/t Au from 282.0m, 46.05m of 0.60 g/t Au from 290.0m, including 8.0m of 1.46 g/t Au from 309.0m, and 10.15m of 0.62 g/t Au from 421.0m in MQD-25-155; and 31.9m of 0.95 g/t Au from 231.2m, including 15.1m of 1.53 g/t Au from 233.4m, 47.4m of 0.58 g/t Au from 271.6m, including 5.4m of 1.44 g/t Au from 272.0m, 3.9m of 1.05 g/t Au from 310.3m, 3.25m @ 2.60 g/t Au from 392.5m, and 15.4m of 0.53 g/t Au from 413.3m in MQD-25-157. Additional minor lower grade shears are outlined in Table 1. MQD-25-159 was drilled an additional 300m northeast of MQD-25-177 targeting a potential splay of the QES Zone. The hole collared into the typical northern epidote-chlorite altered diorite with infrequent local sericite-silica shearing. These local shears were anomalous for gold but were too sporadically spaced to create reportable intervals. The hole was extended to intersect the sericite-silica-hematite QES granodiorite to confirm the orientation of the lithological domain which was intersected at 258.4m after which the hole was terminated in mineralization. The hole intersected several 5-10 meter wide, 2-3% pyrite bearing shears, that returned low grade mineralized intercepts including 4.40m of 0.55 g/t Au from 261.45m and 4.45m of 0.43 g/t Au from 293.1m. Figure 3: Sheared and mineralized granodiorite in MQD-25-155 returning 20.0m of 1.77 g/t Au from 246m along the eastern edge of the QES Zone. To view an enhanced version of this graphic, please visit: Table 1: Significant intercepts HOLE ID FROM TO LENGTH (m) TRUE WIDTH (m) CUT GRADE (g/t Au) UNCUT GRADE (g/t Au) MQD-25-155 48.00 50.00 2.00 1.4 0.57 0.57 156.00 165.45 9.45 6.9 0.73 0.73 incl 159.00 164.00 5.00 3.6 1.03 1.03 222.00 225.00 3.00 2.2 0.35 0.35 228.00 231.35 3.35 2.5 0.59 0.59 241.60 284.30 42.70 31.7 1.09 1.09 incl 246.00 266.00 20.00 14.8 1.77 1.77 and 282.00 284.30 2.30 1.7 1.98 1.98 290.00 336.05 46.05 34.5 0.60 0.60 incl 309.00 317.00 8.00 6.0 1.46 1.46 354.25 357.65 3.40 2.5 0.43 0.43 372.25 374.35 2.10 1.6 0.32 0.32 379.05 383.80 4.75 3.6 0.46 0.46 390.00 392.25 2.25 1.7 0.49 0.49 404.95 408.00 3.05 2.3 0.37 0.37 421.00 431.15 10.15 7.7 0.62 0.62 441.00 448.60 7.60 5.8 0.51 0.51 MQD-25-157 30.40 35.00 4.60 3.1 1.07 1.07 43.00 62.00 19.00 12.8 0.42 0.42 77.40 84.00 6.60 4.5 0.35 0.35 102.00 113.70 11.70 8.0 1.48 1.48 incl 103.00 112.75 9.75 6.7 1.71 1.71 133.00 142.00 9.00 6.2 0.33 0.33 154.00 176.00 22.00 15.3 0.74 0.74 incl 154.40 161.30 6.90 4.8 1.72 1.72 186.10 190.50 4.40 3.1 0.47 0.47 203.40 224.00 20.60 14.4 0.48 0.48 231.20 263.10 31.90 22.4 0.95 0.95 incl 233.40 248.50 15.10 10.6 1.53 1.53 incl 239.00 239.75 0.75 0.5 16.5 16.5 271.60 319.00 47.40 33.7 0.58 0.58 incl 272.00 277.40 5.40 3.8 1.44 1.44 and 310.30 314.20 3.90 2.8 1.05 1.05 334.50 340.50 6.00 4.3 0.37 0.37 358.25 361.40 3.15 2.3 0.34 0.34 375.50 377.70 2.20 1.6 0.35 0.35 380.00 382.50 2.50 1.8 0.46 0.46 392.50 395.75 3.25 2.4 2.60 2.60 incl 394.80 395.30 0.50 0.4 15.4 15.4 413.30 428.70 15.40 11.4 0.53 0.53 MQD-25-159 261.45 265.85 4.40 3.3 0.55 0.55 293.10 297.55 4.45 3.3 0.43 0.43 Intersections calculated above a 0.3 g/t Au cut off with a top cut of 30 g/t Au and a maximum internal waste interval of 5 metres. Shaded 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: Drill Collars HOLE EAST NORTH RL AZIMUTH DIP EOH MQD-25-155 670,282 5,379,941 427 156.1 -49.9 450.00 MQD-25-157 670,372 5,379,985 428 155.7 -50.0 447.10 MQD-25-159 670,566 5,380,206 428 155.0 -44.4 300.00 Analytical and QA/QC Procedures The HQ diameter drill core has been oriented using ACTIII or equivalent tools and validated in the core shack. All core has been sawed in half cut just off the core orientation line (bottom of hole) with the right half (looking down hole) of the core bagged and sent to a third-party analytical laboratory. The left half of the core was returned to core boxes and is stored at Goldshore's Kashabowie core yard facility. 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 analysed for gold via fire assay with an AA finish and 48 pathfinder elements via ICP-MS after four-acid digestion. Samples that assayed over 10 ppm Au were re-run via fire assay with a gravimetric finish. 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. Investor Awareness and Marketing Agreement The Company has retained Bluehand Consulting AG (" Bluehand") to provide ongoing digital media marketing services. Bluehand will work to facilitate investor awareness about the Company and its gold exploration projects. Bluehand will be paid EUR 200,000 to develop required content and for advertising. The term of this agreement shall be effective as of July 1, 2025 and will end on July 31, 2025. The budget allocated to Bluehand may be adjusted during the term based on market conditions and Company requirements, and the agreement may be renewed upon mutual agreement. The Company will not issue any securities to Bluehand in consideration for the services. Neither Bluehand, nor Matthias Oberli, the authorized individual of Bluehand, have any prior relationship with the Company and the Company deals at arm's length with both Bluehand and Mr. Oberli. Additionally, neither Bluehand nor Mr. Oberli have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. Contact information for Bluehand is as follows: email: info@ mailing address: Bartholoméplatz 3, 7310 Bad Ragaz, Switzerland; phone: +41 764802584. Qualified Person Peter Flindell, PGeo, MAusIMM, MAIG, Vice-President, Exploration, of the Company, and a qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release. Mr. Flindell has verified the data disclosed in this news release. To verify the information related to the winter drill program at the Moss Gold Project, Mr. Flindell has visited the property several times; discussed and reviewed logging, sampling, bulk density, core cutting and sample shipping processes with responsible site staff; discussed and reviewed assay and QA/QC results with responsible personnel; and reviewed supporting documentation, including drill hole location and orientation and significant assay interval calculations. He has also overseen the Company's health and safety policies in the field to ensure full compliance, and consulted with the Project's host indigenous communities on the planning and implementation of the drill program, particularly with respect to its impact on the environment and the Company's remediation protocols. 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 positioned in Ontario, Canada, with direct access from the Trans-Canada Highway, hydroelectric power near site, supportive local communities and skilled workforce. The Company has invested over $75 million of new capital and completed approximately 100,000 meters of drilling on the Moss Gold Project, which, in aggregate, has had over 255,000 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 only encompasses 3.6 kilometers of the 35+ kilometer mineralized trend, remains open at depth and along strike and is one of the few remaining major Canadian gold deposits positioned for development in this cycle. Please see NI 43-101 technical report titled: "Technical Report and Updated Mineral Resource Estimate for the Moss Gold Project, Ontario, Canada," dated March 20, 2024 with an effective date of January 31, 2024 available under the Company's SEDAR+ profile at For more information, please visit SEDAR+ ( and the Company's website ( For More Information - Please Contact: Michael Henrichsen President, Chief Executive Officer and Director Goldshore Resources Inc. 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. 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 Gold Project; the potential mineralization at the Moss Gold Project based on the winter drill program, including the potential for additional mineral resources; the enhancement of the Moss Gold Project; statements regarding the Company's future drill plans, including the expected benefits and results thereof; the potential for resource growth at Moss and the fact that the results have the potential to significantly impact the economic performance of the deposit moving forward; the potential for a much larger mineralized system and that it will be pursued in the near future through additional drilling; 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: uncertainty and variation in the estimation of mineral resources; risks related to exploration, development, and operation activities; exploration and development of the Moss Gold Project will not be undertaken as anticipated; 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; the economic performance of the deposit may not be consistent with management's expectations; the Company's exploration work may not deliver the results expected; the fluctuating price of gold; unknown liabilities in connection with acquisitions; compliance with extensive government regulation; delays in obtaining or failure to obtain governmental permits, or non-compliance with permits; environmental and other regulatory requirements; domestic and foreign laws and regulations could adversely affect the Company's business and results of operations; risks related to natural disasters, terrorist acts, health crises, and other disruptions and dislocations; global financial conditions; uninsured risks; climate change risks; competition from other companies and individuals; conflicts of interest; risks related to compliance with anti-corruption laws; the Company's limited operating history; intervention by non-governmental organizations; outside contractor risks; 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; and other risks associated with executing the Company's objectives and strategies as well as those risk factors discussed in the Company's continuous disclosure documents filed under the Company's SEDAR+ profile at The forward-looking information in this news release is based on management's reasonable expectations and assumptions as of the date of this news release. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding: the future price of gold; anticipated costs and the Company's ability to fund its programs; the Company's ability to carry on exploration, development and mining activities; prices for energy inputs, labour, materials, supplies and services; the timing and results of drilling programs; mineral resource estimates and the assumptions on which they are based; the discovery of mineral resources and mineral reserves on the Company's mineral properties; the timely receipt of required approvals and permits; the costs of operating and exploration expenditures; the Company's ability to operate in a safe, efficient, and effective manner; the Company's ability to obtain financing as and when required and on reasonable terms; that the Company's activities will be in accordance with the Company's public statements and stated goals; that the Company's exploration work will deliver the results expected; and that there will be no material adverse change or disruptions affecting the Company or its properties. 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. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. 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.
Globe and Mail
30-06-2025
- Business
- Globe and Mail
Goldshore Commences 21,000 Meter Grade Control Drill Program
Vancouver, British Columbia--(Newsfile Corp. - June 30, 2025) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (" Goldshore" or the " Company") is pleased to announce the commencement of the 21,000-meter grade control drill program at the Moss Gold Project, located in Ontario, Canada (the " Moss Gold Project"). This close-spaced drill program aims to define the optimal drill spacing for upgrading Inferred Mineral Resources before the Feasibility Study. It will improve the definition of gold mineralization continuity through detailed variography, aiding resource modelling and classification. The program will also supply samples for feasibility-level metallurgical testing. Michael Henrichsen, CEO and Director of Goldshore, commented, "We're pleased to kick off our grade control drill program, a key component of our use of proceeds from our recently closed financing. This program is critical for the development of the Moss project, defining the infill drill spacing requirements as we look towards advancing the project towards a Feasibility study on the back of our upcoming PEA in Q4." Figure 1: Focus Areas for Grade Drilling at the Moss Gold Deposit To view an enhanced version of this graphic, please visit: Qualified Person Peter Flindell, PGeo, MAusIMM, MAIG, Vice-President, Exploration, of the Company, and a qualified person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release. Mr. Flindell has verified the data disclosed. To verify the information related to the winter drill program at the Moss Gold Project, Mr. Flindell has visited the property several times; discussed and reviewed logging, sampling, bulk density, core cutting and sample shipping processes with responsible site staff; discussed and reviewed assay and QA/QC results with responsible personnel; and reviewed supporting documentation, including drill hole location and orientation and significant assay interval calculations. He has also overseen the Company's health and safety policies in the field to ensure full compliance, and consulted with the Project's host indigenous communities on the planning and implementation of the drill program, particularly with respect to its impact on the environment and the Company's remediation protocols. 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 positioned in Ontario, Canada, with direct access from the Trans-Canada Highway, hydroelectric power near site, supportive local communities and skilled workforce. The Company has invested over $75 million of new capital and completed approximately 100,000 meters of drilling on the Moss Gold Project, which, in aggregate, has had over 255,000 meters of drilling. The 2024 updated NI 43-101 MRE prepared by Apex Geoscience Ltd., 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 only encompasses 3.6 kilometers of the 35+ kilometer mineralized trend, remains open at depth and along strike and is one of the few remaining major Canadian gold deposits positioned for development in this cycle. Please see NI 43-101 technical report titled: "Technical Report and Updated Mineral Resource Estimate for the Moss Gold Project, Ontario, Canada," dated March 20, 2024 with an effective date of January 31, 2024 available under the Company's SEDAR+ profile at For more information, please visit SEDAR+ ( and the Company's website ( For More Information - Please Contact: Michael Henrichsen President, Chief Executive Officer and Director Goldshore Resources Inc. E: mhenrichsen@ W: T: 1-604-404-4335 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. 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 Gold Project 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: exploration and development of the Moss Gold Project will not be undertaken as anticipated; 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; and 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 forward-looking information in this news release is based on management's reasonable expectations and assumptions as of the date of this news release, including that the Company's business and financial position and general economic conditions will not be adversely affected. 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.
Yahoo
02-06-2025
- Business
- Yahoo
Goldshore Announces $25 Million Bought Deal Private Placement to Drive On-Going Development at the Moss Gold Deposit
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company" or the "Company") is pleased to announce that it has entered into an agreement with Stifel Nicolaus Canada Inc. (the "Lead Underwriter") as lead underwriter and sole bookrunner, and a syndicate of underwriters to be formed (together, the "Underwriters") pursuant to which the Company has launched a "bought deal" private placement for aggregate gross proceeds of $25,000,000 (the "Offering") of: 22,727,272 Charity flow-through shares (the "CFT Shares") at a price of $0.44 per CFT Share for total gross proceeds of $10,000,000; 32,258,064 Hard dollar common shares (the "Common Shares") at a price of $0.31 per Common Share for total gross proceeds of $10,000,000; and 13,157,894 Flow-through common shares (the "FT Shares" and together with the Common Shares and CFT Shares, the "Offered Shares"), at a price of $0.38 per FT Share for total gross proceeds of $5,000,000. The FT Shares and CFT Shares will qualify as "flow-through shares" within the meaning of the Income Tax Act (Canada) (the "Act") Gross proceeds from the sale of CFT Shares and FT Shares will be used to incur eligible Canadian exploration expenses and flow-through mining expenditures, as defined in the Act ("Qualifying Expenditures") related to the Company's Moss Gold Project in Ontario, on or before December 31, 2026, and to renounce all the Qualifying Expenditures in favour of the purchasers of the FT Shares and the CFT Shares effective December 31, 2025. Eventus Capital Corp. is an advisor to the Company. Specifically, the Company intends to use the proceeds from the FT and CFT financings for the following activities: 21,000m of tight spaced "grade control" drilling to define drill spacing for the infill MRE conversion drill program and provide sample for feasibility level metallurgical test work 7,500m scout drilling to test district targets generated by the winter drill program An update to the Mineral Resource Estimate and additional test work to support the ongoing PEA Ongoing environmental baseline costs Ongoing community engagement programs Additional generative exploration, including bedrock geochemical samples plus outcrop stripping for mapping and sampling Field overhead costs Michael Henrichsen, CEO of Goldshore commented, "The gross proceeds from the FT and CFT Share sale will be used to advance the Moss Gold Deposit through a critical phase of development, positioning the Company for the release of a Preliminary Economic Assessment (PEA) from G-Mining Services in Q4 of this year, and ultimately driving further de-risking and development activities thereafter." Subject to compliance with applicable regulatory requirements, the CFT Shares and the Common Shares will be offered to purchasers resident in all Provinces of Canada (excluding Quebec) pursuant to the listed issuer financing exemption under Part 5A (the "Listed Issuer Financing Exemption") of National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"). Offered Shares sold pursuant to the Listed Issuer Financing Exemption in Canada will not be subject to resale restrictions under applicable Canadian securities laws. The Offered Shares may be re-offered or re-sold on a private placement basis in offshore jurisdictions as permitted and in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933 (the "U.S. Securities Act"), as amended. The FT Shares will be offered to purchasers resident in all Provinces of Canada (excluding Quebec) pursuant to other applicable exemptions from the prospectus requirements of NI 45-106. There is an offering document related to the Offering (the "LIFE Offering Document") that can be accessed under the Company's profile on SEDAR+ at and on the Company's website at Prospective investors should read this LIFE Offering Document before making an investment decision. The Company has agreed to pay the Underwriters a cash commission of 6.0% of the gross proceeds raised under the Offering, which shall be reduced to 3.0% for subscribers on the president's list. In connection with the Offering the Company will grant the Underwriters an option to sell up to an additional 15% of the aggregate amount of Offered Shares, exercisable, in whole or in part, any time up until 48 hours prior to the closing date of the Offering. The Offering is expected to close on or about June 19, 2025 and is subject to the Company receiving all necessary regulatory approvals, including the approval from the TSX Venture Exchange. The securities described herein have not been, and will not be, registered under the U.S. Securities Act or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction. 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 positioned in Ontario, Canada, with direct access from the Trans-Canada Highway, hydroelectric power near 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 only encompasses 3.6 kilometers of the 35+ kilometer mineralized trend, 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+ ( and the Company's website ( For More Information – Please Contact: Michael HenrichsenPresident, Chief Executive Officer and DirectorGoldshore Resources Inc. P: 604 404 4335E: mhenrichsen@ 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. 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 Gold Project, the anticipated use of proceeds from the Offering, the completion of a PEA, and the timing thereof, statements about the Offering (including the completion of the Offering on the terms and timelines as announced or at all, the tax treatment of the FT Shares and CFT Shares, the timing to renounce all Qualifying Expenditures in favour of the subscribers and the use of proceeds of the Offering), 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: exploration and development of the Moss Gold Project will not be undertaken as anticipated; the Company will not complete a PEA in 2025; the Offering will not be completed on the terms anticipated or at all; the Company may not obtain all required regulatory approvals for the Offering, include that of the TSX Venture Exchange; the Company may not be able to use the proceeds of the Offering as anticipated; 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; and 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 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. NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Goldshore Announces Repurchase of 1% NSR from Wesdome, Filing of Q1 Financial Statements and Provides Year to Date Project Highlights
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company") is pleased to announce that it has exercised its right to purchase 1% Net Smelter Return ("NSR") on all metal production from the Moss Gold Project, located in Ontario, Canada (the "Moss Gold Project") from Wesdome Gold Mines Ltd. ("Wesdome"), for $7,500,000 with an anticipated closing date of July 21, 2025. The purchase price consists of a $5,500,000 cash payment and the issuance of 3,333,333 common shares at a deemed price of $0.60 per common share. Figure 1: Shows the property boundary for the 1% Net Smelter Return (NSR) on all metal production. To view an enhanced version of this graphic, please visit: Michael Henrichsen, CEO and Director of Goldshore, commented: "The buyback of the 1% NSR further consolidates the ownership of the Moss Gold project, where our team has unlocked significant value since the outlining of a strategic plan in June of last year. With continued drilling success and expected future resource growth, it is prudent to exercise this right given the anticipated high return on investment." The Company further announces that it has filed its first quarter interim financial statements and the accompanying Management's Discussion and Analysis ("MD&A"), which are available on SEDAR+ at Year to Date Project Highlights On March 31, 2025, the Company completed a 15,000-meter diamond drilling program, which focused on targeting additional ounces within and adjacent to the conceptual open pit. The program yielded the following highlights: Results from two drill holes, which infilled significant drilling gaps in the QES Zone 124.35m of 1.65 g/t Au from 295m incl. 47m of 3.08 g/t Au, in MQD-25-171 77.5m of 0.54 g/t Au from 203.5m in MQD-25-170 Results from the Superion prospect discovered a new gold-mineralized shear approximately 60m from surface and 225m north of the QES Zone 17.6m of 3.03 g/t Au from 76.4m, incl. 6.8m of 7.06 g/t Au, in MQD-25-148 Results from a follow-up fence of holes surrounding the MQD-25-148 intercept (17.6m of 3.03 g/t Au from 76.4m) increased the strike length of the new zone to over 100 meters 9.45m of 6.02 g/t Au from 186.0m, incl. 2.45m of 22.2 g/t Au, in MQD-25-175 13.0m of 2.30 g/t Au from 117.0m, incl. 3.0m of 9.00 g/t Au, in MQD-25-176 Results from the southwest end of the Moss Deposit extended gold mineralization with increased grades 150 meters below the conceptual open pit resource 20.55m of 2.58 g/t Au from 458.15m, incl. 14.7m of 3.52 g/t Au, in MMD-24-139 Results from three drill holes continued to extend mineralized shears toward surface at the Southwest Zone, with a best intercept of 5.15m of 2.68g/t Au from 135.65m, incl. 2.35m of 5.19 g/t Au, in MMD-25-147 Results from two drill holes targeting the gap between the Main and Southwest Zones intersected new high-grade mineralization representing a combined true width mineralized corridor of 75m connecting the two zones 12.9m of 2.64 g/t Au from 243.4m, incl. 4.4m of 6.59 g/t Au, in MMD-25-165 2.0m of 2.81 g/t Au from 98.0m and 5.4m of 1.59 g/t Au from 143.6m, incl. 0.4m of 18.2 g/t Au, in MMD-25-166 On April 9, 2025, the Company announced a 5,000-meter expansion of its winter diamond drilling program focused on expanding the resource at the southwest portion of the deposit by drilling underneath the current conceptual open pit and closing the gap between the Southwest and Moss Main pits. This program was completed on May 9, 2025, with a total of 66 holes (21,292.35 meters) completed. On May 26, 2025, the Company announced it had signed an Impact Benefit Agreement Term Sheet ("IBA Term Sheet") with Lac des Mille Lacs First Nation, marking a significant step toward the negotiation of an Impact Benefit Agreement ("IBA"). The IBA Term Sheet reflects a shared commitment to ensure the Moss Gold Project delivers meaningful and long-term benefits to the community. The Company has provided notice to Wesdome of its exercise of the purchase option on the 1% NSR on all metal production from the Moss Gold Project for $7,500,000 with an anticipated closing date of July 21, 2025. The purchase price consists of a $5,500,000 cash payment and the issuance of 3,333,333 common shares at a deemed price of $0.60 per common share. On May 30, 2025, the Company also completed its final milestone payment to Wesdome in relation to the Moss Gold Project purchase agreement. The milestone payment consists of a share issuance of 12,500,000 common shares at a deemed price of $0.60 per common share. Following completion of this milestone payment, Goldshore has satisfied all commitments related to the acquisition of its 100% interest in the Moss Gold Project. Additionally, the Company has entered into an agreement to repurchase 1.5% of a 2.5% net profit interest ("NPI") in the Moss Gold Project. As partial consideration for the repurchase, the Company has agreed to issue the NPI holder, subject to the acceptance of the TSXV, 1,000,000 common shares at a deemed issue price of $0.33 per common share, and after four years, such number of common shares as is equal to $300,000 based on the 20-day VWAP of the common shares prior to issuance. Michael Henrichsen, CEO and Director of Goldshore, further commented: "We continue to advance our resource growth initiatives, the economic study, and our permitting work in order to drive significant progress in the development of the Moss Gold Project. The completion of our 20,000-meter diamond drilling program has yielded accretive results, including the discovery of newly discovered mineralized shears and the extension of known mineralization which we expect to have a significant impact on our upcoming PEA. We're also pleased to have signed an Impact Benefit Agreement Term Sheet with Lac des Mille Lacs First Nation, marking a major step forward in our commitment to delivering long-term benefits to the community." Qualified Person Peter Flindell, PGeo, MAusIMM, MAIG, Vice-President, Exploration, of the Company, and a qualified person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release. Mr. Flindell has verified the data disclosed. To verify the information related to the winter drill program at the Moss Gold Project, Mr. Flindell has visited the property several times; discussed and reviewed logging, sampling, bulk density, core cutting and sample shipping processes with responsible site staff; discussed and reviewed assay and QA/QC results with responsible personnel; and reviewed supporting documentation, including drill hole location and orientation and significant assay interval calculations. He has also overseen the Company's health and safety policies in the field to ensure full compliance, and consulted with the Project's host indigenous communities on the planning and implementation of the drill program, particularly with respect to its impact on the environment and the Company's remediation protocols. 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 positioned in Ontario, Canada, with direct access from the Trans-Canada Highway, hydroelectric power near 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 only encompasses 3.6 kilometers of the 35+ kilometer mineralized trend, remains open at depth and along strike and is one of the few remaining major Canadian gold deposits positioned for development in this cycle. Please see NI 43-101 technical report titled: "Technical Report and Updated Mineral Resource Estimate for the Moss Gold Project, Ontario, Canada," dated March 20, 2024 with an effective date of January 31, 2024 available under the Company's SEDAR+ profile at For more information, please visit SEDAR+ ( and the Company's website ( For More Information - Please Contact: Michael Henrichsen President, Chief Executive Officer and DirectorGoldshore Resources Inc. E: mhenrichsen@ W: 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. 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 Gold Project; the potential mineralization at the Moss Gold Project based on the winter drill program, including the potential for additional mineral resources; the enhancement of the Moss Gold Project; statements regarding the Company's future drill plans, including the expected benefits and results thereof; that the Superion target has the potential to significantly add to the current mineral resource estimate within the top 200 meters from surface with continued drilling and to reduce the overall strip ratio of the deposit; the potential for resource growth at Moss and the fact that the results have the potential to significantly impact the economic performance of the deposit moving forward; the potential for a much larger mineralized system and that it will be pursued in the near future through additional drilling; 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: uncertainty and variation in the estimation of mineral resources; risks related to exploration, development, and operation activities; exploration and development of the Moss Gold Project will not be undertaken as anticipated; 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; the economic performance of the deposit may not be consistent with management's expectations; the Company's exploration work may not deliver the results expected; the fluctuating price of gold; unknown liabilities in connection with acquisitions; compliance with extensive government regulation; delays in obtaining or failure to obtain governmental permits, or non-compliance with permits; environmental and other regulatory requirements; domestic and foreign laws and regulations could adversely affect the Company's business and results of operations; risks related to natural disasters, terrorist acts, health crises, and other disruptions and dislocations; global financial conditions; uninsured risks; climate change risks; competition from other companies and individuals; conflicts of interest; risks related to compliance with anti-corruption laws; the Company's limited operating history; intervention by non-governmental organizations; outside contractor risks; 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 Superion target may not add to the current mineral resource; and other risks associated with executing the Company's objectives and strategies as well as those risk factors discussed in the Company's continuous disclosure documents filed under the Company's SEDAR+ profile at The forward-looking information in this news release is based on management's reasonable expectations and assumptions as of the date of this news release. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding: the future price of gold; anticipated costs and the Company's ability to fund its programs; the Company's ability to carry on exploration, development and mining activities; prices for energy inputs, labour, materials, supplies and services; the timing and results of drilling programs; mineral resource estimates and the assumptions on which they are based; the discovery of mineral resources and mineral reserves on the Company's mineral properties; the timely receipt of required approvals and permits; the costs of operating and exploration expenditures; the Company's ability to operate in a safe, efficient, and effective manner; the Company's ability to obtain financing as and when required and on reasonable terms; that the Company's activities will be in accordance with the Company's public statements and stated goals; that the Superion target will add to the current mineral resource; that the Company's exploration work will deliver the results expected; and that there will be no material adverse change or disruptions affecting the Company or its properties. 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. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. 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
Yahoo
26-05-2025
- Business
- Yahoo
Goldshore Signs Impact Benefit Agreement Term Sheet with Lac des Mille Lacs First Nation
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2025) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company") is pleased to announce it has signed an Impact Benefit Agreement Term Sheet ("IBA Term Sheet") with Lac des Mille Lacs First Nation, marking a significant step toward the negotiation of an Impact Benefit Agreement ("IBA") related to the Moss Gold Project, located in Ontario, Canada (the "Moss Gold Project"). The IBA Term Sheet sets out the key terms and intentions that will guide the negotiation of a future IBA between Goldshore and Lac des Mille Lacs First Nation. The IBA Term Sheet reflects a shared commitment to ensure the Moss Gold Project delivers meaningful and long-term benefits to the community. "We are delighted to have reached this important milestone with Lac des Mille Lacs First Nation, and we look forward to a future of collaboration and shared success," said Michael Henrichsen, CEO and Director of Goldshore. "This milestone reflects Goldshore's commitment to building meaningful relationships based on trust and respect." Chief Judy White Cloud of Lac des Mille Lacs First Nation stated: "This IBA Term Sheet represents a meaningful step forward in our relationship with Goldshore. We are committed to ensuring that the Moss Gold Project reflects our values and delivers long-term benefits for our Nation." The IBA Term Sheet addresses several key areas of collaboration, including: Engagement on regulatory, environmental, cultural, and financial matters; Employment and contracting for Lac des Mille Lacs First Nation members and business; and Project consent and support. The IBA Term Sheet follows the successful negotiation and implementation of an Early Exploration Agreement signed by Goldshore and Lac des Mille Lacs First Nation in June 2022. The parties will make best efforts to conclude IBA negotiations within 12 months. "We are excited to continue to grow our relationship with Lac des Mille Lacs First Nation, demonstrating our interest in building a transformational project in partnership with nearby communities," stated Michael Henrichsen, CEO and Director of Goldshore. "We will also continue to work hard to develop strong and mutually beneficial relationships with other Indigenous peoples." 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 positioned in Ontario, Canada, with direct access from the Trans-Canada Highway, hydroelectric power near 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 only encompasses 3.6 kilometers of the 35+ kilometer mineralized trend, remains open at depth and along strike and is one of the few remaining major Canadian gold deposits positioned for development in this cycle. Please see NI 43-101 technical report titled: "Technical Report and Updated Mineral Resource Estimate for the Moss Gold Project, Ontario, Canada," dated March 20, 2024 with an effective date of January 31, 2024 available under the Company's SEDAR+ profile at For more information, please visit SEDAR+ ( and the Company's website ( For More Information - Please Contact: Michael Henrichsen President, Chief Executive Officer and DirectorGoldshore Resources Inc. E: mhenrichsen@ W: 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. 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 Gold Project; the potential mineralization at the Moss Gold Project based on the winter drill program, including the potential for additional mineral resources; the enhancement of the Moss Gold Project; statements regarding the Company's future drill plans, including the expected benefits and results thereof; that the Superion target has the potential to significantly add to the current mineral resource estimate within the top 200 meters from surface with continued drilling and to reduce the overall strip ratio of the deposit; the potential for resource growth at Moss and the fact that the results have the potential to significantly impact the economic performance of the deposit moving forward; the potential for a much larger mineralized system and that it will be pursued in the near future through additional drilling; 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: uncertainty and variation in the estimation of mineral resources; risks related to exploration, development, and operation activities; exploration and development of the Moss Gold Project will not be undertaken as anticipated; 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; the economic performance of the deposit may not be consistent with management's expectations; the Company's exploration work may not deliver the results expected; the fluctuating price of gold; unknown liabilities in connection with acquisitions; compliance with extensive government regulation; delays in obtaining or failure to obtain governmental permits, or non-compliance with permits; environmental and other regulatory requirements; domestic and foreign laws and regulations could adversely affect the Company's business and results of operations; risks related to natural disasters, terrorist acts, health crises, and other disruptions and dislocations; global financial conditions; uninsured risks; climate change risks; competition from other companies and individuals; conflicts of interest; risks related to compliance with anti-corruption laws; the Company's limited operating history; intervention by non-governmental organizations; outside contractor risks; 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 Superion target may not add to the current mineral resource; and other risks associated with executing the Company's objectives and strategies as well as those risk factors discussed in the Company's continuous disclosure documents filed under the Company's SEDAR+ profile at The forward-looking information in this news release is based on management's reasonable expectations and assumptions as of the date of this news release. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding: the future price of gold; anticipated costs and the Company's ability to fund its programs; the Company's ability to carry on exploration, development and mining activities; prices for energy inputs, labour, materials, supplies and services; the timing and results of drilling programs; mineral resource estimates and the assumptions on which they are based; the discovery of mineral resources and mineral reserves on the Company's mineral properties; the timely receipt of required approvals and permits; the costs of operating and exploration expenditures; the Company's ability to operate in a safe, efficient, and effective manner; the Company's ability to obtain financing as and when required and on reasonable terms; that the Company's activities will be in accordance with the Company's public statements and stated goals; that the Superion target will add to the current mineral resource; that the Company's exploration work will deliver the results expected; and that there will be no material adverse change or disruptions affecting the Company or its properties. 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. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. 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 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
