Winshear Gold Corporation

Primary ticker: TSXV:WINS
Stage of development: Exploration
Primary minerals: Gold, copper
Project to promote: Gaban Gold Project
Project location: Peru
Website: winshear.com

Winshear is currently drill testing the Coritiri Target within the Gaban Gold project, located in the Puno Orogenic Gold Belt, Peru. The 2.2km x 1km Coritiri target has never before been drill tested, and comprises outcropping sheeted quartz veins, hosted within metasediments, sitting over a magnetic anomaly. Coarse gold, up to half a kilogramme in size have been recovered from river gravels close to the target.

Cash: CAD 3M
Debt: NIL

Major shareholders:
Palamina -15.4%
Richard Williams -5.6%
CE Mining – 4.5%
Andrew Thomson -3.8%
Management Ownership – 14.41%

Financials

Management Profile

Richard Williams, CEO & Director. Richard, an exploration geologist and corporate executive with over 35 years global experience, co-founded the Company in 2001. The Company focussed on projects in Namibia and Tanzania until 2017, and was successful in making gold discoveries in both countries, and then recovering US$30M in 2023 from the Tanzanian government after the expropriation of the SMP Gold Project. Richard also served as CEO and Director of Cornish Metals between 2017 – 2024, acquiring the South Crofty Tin Project and raising approximately $100M for the development of the UK’s biggest historic tin mine.

What is your rationale for taking part in 121 Mining Investment?

Exposure to pre-qualified investors interested in acquiring a significant shareholding in active exploration companies. No current plans to raise money. Drill results from Gaban project due before year-end

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

October 16, 2023 – US$30M settlement with Tanzania; October 26, 2023 – $0.25 / share Return of Capital to shareholders; April 9, 2024 – Appointment of Pat Varas as President; June 18, 2024 – Commence preparation work for drill programme at Gaban

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Commence drilling at Gaban Gold Project, Peru

6 Months:
Drill results from Gaban Gold Project

12 Months:
Demostrate the potential at Gaban Gold Project

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

Exploration risk – never before drilled gold project

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

31M shares issued, tight share structure, history of discovery success, low market cap (C$4M), drill programme planned for H2, 2024,

What are the top 3 key investor takeaways?

New gold project in a very prospective terrain, tight share structure, low market cap