Goldshore Resources


Primary ticker: TSXV:GSHR, OTC:GSHRF
Stage of development: Exploration, Development
Primary minerals: Gold, Copper
Project to promote: Moss Lake Project
Project Ontario, Canada

Goldshore is an emerging well-financed junior gold developer, who acquired the Moss Lake Gold Project (Ontario, Canada) from Wesdome Gold Mines Ltd. In January 2021. The Moss Lake Project has a historical resource of c.4M oz. gold, with a plan to double the size of the resource over the next 2 years. As well, The Moss Lake Project has a historical copper project on its land package (Noranda/Xstrata – 1984-1997), and significant copper targets to be tested going forward.

Cash: CAD$16M
Debt: /

Major shareholders:
Wesdome – 26.5%
Management – 25%
Sprott – 5%
European Gold Fund – 4%
Retail – 36%

Management Profile

Brett A Richards – Chief Executive Officer

Over 34 years of experience in mining and metals including mine financing, mine development, senior level operations and M&A.

Led Banro Corp. (private) through an operational transition as a private company to divest certain assets. Former CEO of Midnight Sun Mining (TSXV:MMA), African Thunder Platinum (Private), Roxgold (TSX:ROXG) and former senior executive of Katanga Mining (TSX:KAT)

Former senior executive positions with Kinross Gold (TSX:K) and Co-Steel (TSX:CEI)

What is your rationale for taking part 121 Mining Investment?

Investor awareness

What recent news would you like to highlight to investors attending?

Drill results

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Continued understanding of the size and scale of the potential resource at Moss Lake.

6 Months:
Potential drilling at high grade copper prospects on land package

12 Months:
Updated MRE and PEA

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Capital market challenges – as a result of there being very little interest in gold and/or gold equities.

What do you think makes your company such a compelling investment?

Undervalued to peer group and to normal trading multiples of project economics

What are the top 3 key investor takeaways?

Size, scale, leverage to the gold price