Goldshore Resources (TSXV:GSHR; OTCQB:GSHRF) has announced preliminary results from its preliminary economic assessment metallurgical test work at the Moss gold project in northwest Ontario. The results were produced from the recent metallurgical testing program completed by Base Metallurgical Laboratories in Kamloops, B.C.
Test work shows significantly increased gold recoveries from a flotation-regrind-leach process averaging 93% recovery at Moss and 98% recovery at East Coldstream. These results represent an 8% to 13% increase in gold recoveries from previously conducted standard leach test work. Coarse bottle roll leach test results returned gold recoveries between 53% and 64%, which encouraged investigation of heap leaching for low-grade mineralization.
The program evaluated 18 composite samples representing the two gold deposits. Each composite consisted of multiple samples collected from diamond drill core and coarse rejects. Primary composites were selected for the main zones (three samples), and one sample each for the SW zone and East Coldstream deposits to reflect grade, spatial and lithological distributions.
"This detailed testing being undertaken will enhance the economics of our new mineral resource estimate due out in the near future; and the new preliminary economic assessment due to commence immediately thereafter. As well, these results also appear to provide early support for heap leaching the low-grade material, which positively changes the dynamics of an economic analysis," said Goldshore president and CEO, Brett Richards.
Goldshore is a junior gold development company and owns 100% of the Moss gold project located in Ontario. According to a 2022 resource estimate, Moss Lake inferred resource includes 121.7 million tonnes at 1.1 g/t gold, containing 4.17 million oz gold.
To learn more, visit www.GoldshoreResources.com.