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Goldshore Resources Inc (GSHR)

TSXV
Currency in CAD
Disclaimer
0.1750
+0.0100(+6.06%)
Closed

GSHR Comments

Started building my position from 0.09c. 50k shares target. in 6 months.
I likey... aloty! Will start a position.....$2 long term target.... 10 bagger from current levelsLoads of hurdles to come, but worth a punt
Milestone news with selection of Ausenco as lead firm for Moss Gold's PEA which is expected later this year, Ausenco will conduct comprehensive analysis over costs , production potential and of course an updated MRE. Lots of growth and expansion potential after the latest MRE estimates with increases in global inferred resources and contained gold ounces and tonnes.
Wow. The latest MRE means a 44% increase in inferred resources at Moss Gold and 6M oz gold contained in 183.6Mt. Ultimately I'm impressed with the enhanced MRE but it's their cost-effective approach at $10/oz with way more potential of future growth that make them a strong option. Another 29 additional targets to drill test!
Pretty excited about the latest updates from GSHR's preliminary results from their metallurgical test work at Moss Gold. Significantly increased gold recoveries (~13%+) reported with potential for heap leaching low-grade material. This enhances the economics of the forthcoming MRE and PEA with the updated MRE planned this month. Clearly investor reaction has been positive too with recent growth.
Latest results from GSHR 100,000m drill program at Moss Gold project is yields promising results including the identification of multiple high-grade structures large enough to support a material and meaningful update to their MRE which will come out any day now (May 2023).
The 5 elements of junior mining investment were discussed in the latest GSHR presentation at the Emerging Growth Conference. Those 5 being: team, jurisdiction, potential, feasibility and asset quality. IMO highlights from this discussion included their strong team with 37+ years experience and proven track record with mining companies, the winning jurisdiction with Ontario discovering 4.17M oz gold, high feasibility with infrastructure for development, and the high-quality asset at Moss expected to increase in the updated MRE up to 6M oz. Def recommend looking up the replay for this segment recently uploaded.
Gold Shore CEO Brett Richards presented updates during the 2023 Summit on the company's progress, including Moss Lake acquisition with 76k meters of drilling leading to 4.17M ounces. Access to infrastructure and a high-grade Shear domain were also highlighted. Upcoming catalysts include raising $60M, expanding resources, and conducting metallurgical tests. An updated resource estimate and PEA is expected in September with potential for over 10M ounces. Although capital is a challenge, the company has achieved aggressive drilling and aims to create value for shareholders.
There are three major catalysts in Goldshore’s outlook, the biggest will be their upcoming PEA (expected in September) which will show a lower CapEx/phased approach to building Moss Lake delivering 140-160 oz/year over 10+ years. These PEA results will have a significant impact on the company’s valuation with potential for rerating. The other 2 catalysts are with updated MRE’s expected in April and also again at the end of 2023.
Digging the latest news from GSHR with new assay results from the ongoing 100,000m drilling program at Moss Lake. The latest confirms additional high-grade shear zones within the deposit which add to the shear domain component of the mineral resource. As quoted from the release, these results will likely be factored and prioritized in the mining schedule for the forthcoming PEA (expected this Summer)
Replay from GSHR presentation at Emerging Growth Conference is now on YouTube. Highlights for me include CEO stating the Moss Lake project has the potential to be one of the best opportunities in his career, Moss Lake MRE is expected for April 223 and followed by a PEA this Summer. Furthermore the company is trading at a $35M market cap while the potential of the project is valued at $250M by September.
They're presenting at the Emerging Growth Conference on the 11th so make sure to tune in and ask some good questions. Lots to look out for going into 2023 considering their new cash position, rising gold prices, and continued exploration.
With gold prices starting to recover (now at $1800 USD), the commencing 3,000m exploration program at Mistango's Goldie Project (on the same trend as Moss Lake), and the $5M raise is definitely making this an interesting play as the company begins to accelerate exploration efforts to take advantage of the massive amount of resources at Moss Lake.
Newest assay results announced by GSHR are very positive, essentially confirming the belief of additional high-grade shear zones within the deposit with the discovery of a higher-grade shear-hosted gold mineralization within a large volume of well mineralized diorites. These discoveries will likely be prioritized in the mining schedule as they move toward conducting their PEA next year. Hear the latest discussed in the recent presentation at the Precious Metals Summit in Zurich.
GSHR provides a milestone Mineral Resource Estimate reporting 35% more tonnes and 33% more contained gold ounces vs. previous MRE (2013). In total, this brings the Moss Lake MRE to 121Mt at 1.1 g/t Au for a total contained 4.17Moz. Mass of higher-grade mineralization has high expansion potential, and the Moss Lake gold project hosts an additional 29 targets over a 35 km trend.
GSHR seeing share values reach 52-week highs following the latest drill results from their Moss Lake campaign. Excellent results including drills of 1.34 g/t gold over 90.95m in 100-meter step-out. Following the 8 holes back in September which all confirmed high-grade gold in the main-zone, the latest update announced assays from another 8 holes which confirm higher-grade gold mineralization within a large volume of well-mineralized diorite.
As the 100,000m drilling program continues and results are released, Goldshore has a lot of potential moving forward. With the overall market still in a rough position, valuations have become extremely attractive, and as they continue to add value to their property, there could be significant potential for upside. Looking forward to seeing the upcoming resource update and PEA next year, especially with commodities expected to rebound.
Goldshore has one of the most impressive properties among Canada's exploration stage companies. The 2.51M inferred gold resource, already promising results, and upcoming PEA/resource update are making the current valuation extremely attractive at these levels, especially as they continue their extensive exploration program at Moss Lake.
Goldshore is making significant advancements on its flagship Moss Lake project. Overall the project is touted to contain significant upside resource potential and GSHR is on a clear path to creating a tier 1 asset. Recent assay results from their massive 100,000m drill program have added an 8th hole confirming high-grade gold in the main zone alone, and historically the under-drilled project has 1.5M oz indicated and 2.5M inferred resources. Video on YouTube titled: Goldshore is making significant advancements on its flagship Moss Lake project. Overall the project is touted to contain significant upside resource potential and GSHR is on a clear path to creating a tier 1 asset. Recent assay results from their massive 100,000m drill program have added an 8th hole confirming high-grade gold in the main zone alone, and historically the under-drilled project has 1.5M oz indicated and 2.5M inferred resources.
“Goldshore Resources ticks all the boxes, with a great project in a safe, heavily mineralized jurisdiction (northwestern Ontario), a tight share structure, and perhaps most importantly, loads of upside. Goldshore has seen great results from its 100,000-meter drill program in an established gold camp. The news will surely be flowing for months.” - quote from new article on 'aheadoftheherd'
Copper demand is expected to nearly double over the next 20 years, and with the recent results proving there to be copper and cobalt to expand upon. Furthermore, there are also significant gold mineralization/inferred resources on the Moss Lake property which I'll be looking to see more results in the current exploration campaign.
Goldshore announces assay results from their initial scout drilling campaign for their historic North Coldstream copper mine. Overall extremely encouraging results with best intercepts including 62.8m @ 0.88% CuE (0.36% Cu, 0.06% Co, 0.30 ppm Au and 3.1 ppm Ag) from 8.2m depth. The exciting story that’s emerging is the identification of cobalt in the historic mine which could identify North Coldstream as a critical mineral asset. GSHR CEO Brett Richards discusses the recent results in a new interview on YouTube titled: Goldshore Resources release interesting results from North Coldstream copper mine
Looking at the tight share structure, ESG focus, management team, and lots of incoming results from Moss Lake, there's significant room for Goldshore to capitalize on the resource mineralization on the property. With decent results from North Coldstream (past producing copper mine) and continued exploration efforts with the ongoing 100,000m program, there's a lot of discovery potential.
ICYMI -Precious Metals Summit Presentation replays are available online now. Notably the $GSHR presentation with CEO Brett Richards discussing the latest from their impressive projects including East Coldstream results with their incredible assay results identifying 3 broad lenses of gold mineralization.
Goldshore’s Moss Lake projects have recently been feeding the news stream with back-to-back strong results confirming high-grade gold in their first-pass drill programs and assays results. Hear GSHR CEO discuss the latest updates in a replay of their presentation from the recent Precious Metals Summit. Search for the replay on the 'precious metals summit conference' homepage
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