New Gold Intersections At The Moss Project

VANCOUVER - Goldshore Resources Inc. reported on the ongoing 20,000-meter drill program at the QES Up program targeting the near surface extension of the most northern QES shears at the Moss Gold Project in Northwest Ontario, Canada. In addition, the drilling targeted the main QES zone to determine the continuity of higher-grade mineralization and its orientation.

Michael Henrichsen, CEO, said, "Results from our drilling campaign continue to demonstrate both the consistency and continuity of grade at the Moss Deposit with drill hole MQD-25-171 surpassing the 200 grade x thickness (GxT) threshold representing the highest GxT ever reported by the Company. We are pleased to see good continuity of higher grades as well as determining that this higher-grade mineralization has a shallow plunge to the west, which will help us target additional high-grade mineralization within the deposit. We look forward to further results being released."

Results from two drill holes, which infilled significant drilling gaps in the QES Zone, intersected wide intervals of gold-mineralized core shears, including the highest-grade x thickness intersection ever reported by Goldshore. The results confirm the presence of shallow-plunging, higher-grade gold mineralization within the core shears and demonstrate the potential to discover additional plunging shoots. In addition, the results from MQD-25-171 exceeded the grade expectations based on the current Mineral Resource Estimate (MRE)

Holes MQD-25-153, MQD-25-154, MQD-25-156, MQD-25-170, and MQD-25-171 were drilled on 100m sections targeting surface extensions of deeper-modelled mineralized shear zones along the northern boundary of the QES Zone. All five holes collared into a weakly deformed and chlorite-epidote altered diorite with intermittent sericite-silica-hematite altered shear zones increasing with intensity at depth. The sericite-silica-hematite shears are moderately mineralized with intercepts including 8.6m of 0.53 g/t Au from 138.4m in MQD-25-153, including 2.0m of 1.03 g/t Au from 145m; 10.0m of 0.36 g/t Au from 107m in MQD-25-154; 13.55m of 0.59 g/t Au from 88.5m in MQD-25-156, including 2.1m of 1.17 g/t Au from 96.9m; 3.0m of 1.60 g/t Au from 75.0m in MQD-25-170; and 8.0m of 0.54 g/t Au from 83.0m in MQD-25-171 among several other lower-grade shears.

The first three holes (MQD-25-153, MQD-25-154, MQD-25-156) were terminated within the mineralized QES envelope, as the deeper sections of the Zone have been sufficiently tested by previous drilling.

Hole MQD-25-170 was drilled 100m further west and was extended through the full width of the QES Zone to infill a volume of minimal drill testing. The hole intersected the typical QES assemblage, collaring in a chlorite-epidote altered diorite and transitioning into a sheared and mineralized sericite-silica-hematite altered granodiorite. This interval returned a wide intercept of 77.5m of 0.54 g/t Au from 203.5m, including 11.4m of 1.24 g/t Au from 208.6m and 7.35m of 1.09 g/t Au from 246.0m. The hole transitioned back to a sericite-chlorite altered diorite with localized meter-scale mineralized shears, returning intercepts of 7.25m of 0.85 g/t Au from 314.75m including 4.25m of 1.34 g/t Au from 314.75m, and 7.0m of 1.40 g/t Au from 333.0m, including 5.2m of 1.71 g/t Au from 333.0m among several other mineralized shears.

Hole MQD-25-171 was drilled an additional 100m further west of MQD-25-170 near the western edge of the QES Zone. The hole was extended through the QES Zone to test an isolated high-grade pod encountered in historical drilling (hole 90-109: 108m of 1.39 g/t Au from 201m, including 58m of 1.86 g/t Au from 222m) and is above the intercept in MQD-22-094, which is 25.4m of 1.00 g/t Au from 579.5m. The hole collared into the typical chlorite-epidote altered diorite and transitioned into a strongly sheared and mineralized sericite-silica-hematite altered granodiorite which returned the highest grade x width intersection ever reported by Goldshore of 124.35m of 1.65 g/t Au from 295.0m, including 7.55m of 1.97 g/t Au from 322.3m, 47.0m of 3.08 g/t Au from 336.0m, and 9.05m of 1.32 g/t Au from 407.0m. Parallel shears to this intersection also returned mineralized intervals including 14.0m of 0.63 g/t Au from 254.0m, including 5.0m of 1.14 g/t Au, and 27.6m of 0.68 g/t Au from 469.4m, including 4.5m of 1.16 g/t Au from 478m among several other mineralized shears.

The broad mineralized intercept is believed to represent a higher-grade mineralized shoot that extends along a distinct, near-horizontal, plunging zone, which will be explored further during the deposit definition drilling program.