A Vancouver junior miner is running a planning scenario on what a gold mine could look like in the Shebandowan area, west of Thunder Bay.
In a May 17 news release, Goldshore Resources announced it has selected Ausenco Engineering Canada to conduct a preliminary economic assessment (PEA) of its Moss Lake Gold Project where the company has outlined two gold deposits.
Earlier this month, Goldshore released an updated gold resource estimate that showed the gold count has increased by 44 per cent since last estimate in November. It now stands at 6.0 million ounces at 1.02 grams per tonne within 183.6 million tonnes.
The estimate is in the inferred category, meaning it’s based on limited geological information. More closely space drilling needs to be done to upgrade the resource to a higher degree of confidence in the indicated and measured categories.