Goldshore Resources

Financials:

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

Building the next Tier One Asset in Ontario, Canada
Goldshore Resources Inc. (TSXV:GSHR / OTC:GSHRF / FRA:8X00F)
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 more than double the size of the resource over the next 2 years, through an extensive exploration strategy, including airborne geophysics and a 100,000m drilling program. As well, The Moss Lake Project has a historical copper mine (North Coldstream Mine) on its land package (operated by Noranda/Xstrata – 1984-1997), and significant copper targets to be tested going forward.
 
Goldshore’s Moss Lake Project holds one of the largest land packages by a mining company in North-western Ontario. The project displays significant resource expansion potential, as Goldshore takes the project through its next stages of exploration and development, towards an updated mineral resource estimation (MRE); updated preliminary economic assessment (PEA) both in Q1 2023 and visibility towards feasibility study (FS) thereafter.


Cash:
CAD$20M
Debt: Nil

Major shareholders:
Wesdome – 22%
Sprott – 5%
European Gold Fund – 4%
Retail – 36%
Management Ownership – 12%

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