Latest news with #MossGoldProject
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
Yahoo
18-03-2025
- Business
- Yahoo
Goldshore Announces Extension of Annual General Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2025) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company") announces that the British Columbia Registrar of Companies has granted the Company an extension to hold its annual general meeting of shareholders for 2025 (the "AGM"), which it was originally required to hold by April 23, 2025. The Company is now required to hold the AGM by October 23, 2025. 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 ( 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. For More Information – Please Contact: Michael HenrichsenPresident, Chief Executive Officer and DirectorGoldshore Resources Inc. E: 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. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
27-02-2025
- Business
- Yahoo
Kesselrun Resources Reports on 2024 Work Program
Thunder Bay, Ontario--(Newsfile Corp. - February 27, 2025) - Kesselrun Resources Ltd. (TSXV: KES) (OTCQB: KSSRF) ("Kesselrun" or the "Company") is pleased to announce a summary of the exploration program completed in 2024 at the Company's 100% owned Huronian Gold Project. Highlights: High resolution UAV magnetic survey aiding in developing new exploration targets Mapping and sampling to extend known mineralization trends and develop new drill targets The Huronian Gold Project hosts the past producing Huronian Gold Mine as well as an historic gold resource estimate with an indicated 44.592 oz Au grading 15.3 g/t Au and inferred 501,377 oz Au grading 1.4 g/t Au.(1) The Huronian Gold Project is also situated adjacent to Goldshore Resources' Moss Gold Project which hosts a current mineral resource estimate of 1.23M oz Au at an average grade of 1.22 g/t Au in the Indicated Category and 4.92M oz Au at an average grade of 1.09 g/t Au in the Inferred Category (Goldshore Resources Inc. news releases May 08, 2023).(2) Summary of 2024 Exploration Program Crews were mobilized to the Huronian Gold Project during the summer and fall of 2024 to execute a UAV magnetic survey as well as a mapping and sampling program. The 2024 exploration program was designed to further advance exploration targets outside the Huronian Mine area and to define drill targets in already developed targets. Funding for the 2024 exploration program was offset through a grant from the Ontario Junior Exploration Program ("OJEP") which allowed the company to reclaim 50% of the exploration expenditures incurred at Huronian up to a maximum grant amount of $200,000. Kesselrun is grateful for the support OJEP has provided over recent years on both of the Company's projects. Michael Thompson, President and CEO of the Company, commented, "The results from both the magnetic survey and the mapping program completed on the target areas has resulted in numerous drill targets for 2025. As Goldshore releases its results of their ongoing drill program and grows their mineralized envelope outwards, we look forward to integrating their results into our target areas along the property boundary. Of particular interest are the parallel zones to their compliant resource where we are of the belief that a significant portion of their growth potential lies. Furthermore, as we continue to explore along strike of the main Huronian/McKellar zone to the southwest we are not only extending our known zones but also realizing the potential for parallel zones." Magnetic Survey The UAV magnetic survey was performed over five target areas; the Span North, Huronian North, McKellar West, Span South and Moss South. The detailed magnetic survey provides dense high-quality data at tight line spacing and low flight elevation to determine the magnetic signature of underlying bedrock. The survey was successful at highlighting trends of magnetic highs and specifically structural features such as geological offsets and flexures that are associated with gold mineralization. Multiple structural features were identified in all the target areas. Figure 1: Huronian Magnetic Survey Overview To view an enhanced version of this graphic, please visit: Mapping and Sampling Program The mapping and sampling program was conducted over the Span North, McKellar West, Span South and Moss South targets. The mapping and sampling program was designed to follow up on the structural features identified in the UAV magnetic survey. The Huronian North target was not followed up on due to lack of outcrop exposure and time constraints. In total, 82 rock samples were collected throughout the duration of the program. Results are expected soon. Figure 2: Overview of Target Areas on Huronian To view an enhanced version of this graphic, please visit: 1 The historic resource was estimated by Minescape Exploration Inc. in 1998. 2 Goldshore Resources Inc. news releases May 08, 2023 3 Goldshore Resources Inc. New release September 23, 2024 McKellar West Target The McKellar West area is the southwestern strike extent of the Huronian Gold trend, specifically the extension of the McKellar zone where detailed UAV magnetics is aiding Kesselrun on locating the far western strike extent of the zone. There remains approximately 1600 metres of untested potential strike extent from Kesselrun's western most drilled hole, 22HUR178, intercepted 24.0 metres of 1.3 g/t gold (Kesselrun news release November 28, 2022). Moss South Target Recent exploration by Goldshore Resources has identified the strike extent of the Moss Gold trend as it approaches the Kesselrun property boundary (Goldshore news release September 23, 2024). Summer 2024 UAV magnetics has highlighted future exploration targets on the Kesselrun property near the Huronian boundary with the Moss Gold project. Span North & South Target Goldshore Resources has modelled zones of gold mineralization in their West Span area adjacent to the Kesselrun property boundary where recent work by Goldshore continues to show the potential for this area to add to their gold resources (Goldshore news release September 23, 2024). Kesselrun has identified similar geological features on the Huronian Gold Project in their Span North target area. Also, Kesselrun's detailed UAV magnetics survey has highlighted a structure of interest on the Span South Area that will be targeted in future exploration plans. Huronian North Target The Huronian North area has seen little to no exploration historically. The recent UAV magnetics survey was conducted to aid in identifying structural zones with similar attributes to the Huronian Gold Mine area. The Kesselrun team believes this area is highly prospective for future gold mineralization discovery. 2025 Exploration Plan With the new results from the 2024 summer programs, Kesselrun Resources plans to incorporate all of the data into its model and refine targets for the upcoming field season. New target areas identified during the magnetic survey will become some of the main focal areas on the property in future programs. The key to the concentration of mineralization on the property is offsetting structures that mobilize mineralizing fluids such as the Till Groove Fault as well as areas of low strain where mineralizing fluids can settle out gold. Subsequent drone programs such as LiDAR and other magnetic surveys will be carried out on the project to identify the locations of these structural traps. Kesselrun will also carry out more detailed prospecting and mapping programs on the newly identified target areas and on any future target areas. About the Huronian Gold Project (1) The 100% owned Huronian Gold Project hosts the past producing Huronian Mine, Northwestern Ontario's first gold mine with an historic resource estimate of 44,592 oz Au at an average grade of 15.3 g/t Au in the indicated category and 501,377 oz Au at an average grade of 14.4 g/t Au in the inferred category. The resource estimate presented for the Huronian Project is historic in nature. Kesselrun Resources' qualified person has not completed sufficient work to confirm the results of the historical resource. Kesselrun Resources does not treat this as a current mineral resource but considers it relevant as a guide to future exploration and includes it for reference purposes only. The historic resource was estimated by Minescape Exploration Inc. in 1998. Further drilling will be required by Kesselrun Resources to verify the historic estimate as current mineral resources. (2) As well, the Huronian Gold Project hosts the same lithological package of rocks, as interpreted from both Government of Ontario and Kesselrun Resources mapping, compilation and modelling, on strike from the adjacent Moss Lake Gold Project which hosts a current mineral resource estimate of 1.23M oz Au at an average grade of 1.22 g/t Au in the Indicated Category and 4.92M oz Au at an average grade of 1.09 g/t Au in the Inferred Category (Goldshore Resources Inc. news releases May 08, 2023).Minerali zation hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Kesselrun Resources' property. Qualified Person Michael Thompson, President and CEO of Kesselrun, is the Qualified Person responsible for the project as defined by National Instrument 43-101 and has approved the technical information in this news release. About Kesselrun Resources Ltd. Kesselrun Resources is a Thunder Bay, Ontario-based mineral exploration company focused on growth through property acquisitions and discoveries. Kesselrun's management team possesses strong geological and exploration expertise in Northwest Ontario. For more information about Kesselrun Resources, please visit Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. For additional information please contact: Kesselrun Resources Ltd. Michael Thompson, President & CEO807.285.3323michaelt@ Corporate Communications 1.866.416.7941 information@ Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Kesselrun, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, dependence upon regulatory approvals, the execution of definitive documentation, the availability of financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. To view the source version of this press release, please visit Sign in to access your portfolio
Associated Press
19-02-2025
- Business
- Associated Press
Swiss Resource Capital AG Welcomes Goldshore Resources Inc. as a New Client
HERISAU, CH / ACCESS Newswire / February 19, 2025 / Swiss Resource Capital AG is pleased to welcome Goldshore Resources Inc. (TSXV:GSHR)(TSXV:SXGC)(ISIN: CA38150N1078) as a new client. 'Swiss Resource Capital AG is pleased to welcome Goldshore Resources Inc. as a new customer. With our many years of experience and an extensive network, we offer you a unique platform to effectively represent the company and reach your target group in a targeted manner. Our goal is to sustainably strengthen your brand in the financial world and significantly increase your reach,' says Jochen Staiger, Managing Director of Swiss Resource Capital AG. Jochen Staiger continues: 'We at Swiss Resource Capital AG offer access to over 85,000 followers and work together with leading stock market portals such as Smartbroker AG and as a premium partner. We maximize your reach with customized roadshows in European financial centers, exclusive commodity reports and specialized IP-TV channels such as Rohstoff-TV and Commodity-TV. Supplemented by the SRC Mining Special Situations Certificate, we offer our customers comprehensive opportunities to successfully present their projects and address investors in a targeted manner. In Swiss Resource Capital AG, Goldshore Resources Inc. has found a strong partner for communications and investor relations in the DACH region.' Michael Henrichsen, CEO and Director of Goldshore Resources Inc., said: 'Goldshore Resources is pleased to further expand its presence in the DACH region through its business relationship with Swiss Resource Capital AG. Their expertise in investor relations, organizing successful road shows and their impressive reach enhancement will be instrumental in contributing to our success. We look forward to beginning our strong partnership and celebrating future successes together.' About Goldshore Resources Inc. 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 (Newmont) 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. About Swiss Resource Capital AG ('SRC') Swiss Resource Capital AGis a leading investor relations and communications firm based in Switzerland specializing in publicly traded resource companies from Canada, the United States and Australia. With extensive industry knowledge and a strong network, the company provides effective investor relations services. SRC supports both clients and investors with targeted communication strategies and modern digital channels. The company specializes in organizing and executing exclusive roadshows throughout Europe, enabling companies to engage directly with investors and build trust in their projects. SRC ensures that investors are informed about the latest developments and helps resource companies maximize their visibility and reach. Overall, Swiss Resource Capital AG makes a decisive contribution to the capital market strategy of resource companies and helps them to reach their full potential.
