Goldshore Resources Inc.

Goldshore Resources 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 current global resource of c.121.7Mt containing 4.1M oz Au at 1.1gpt at Moss Lake, including a shear domain of c.34.7 Mt of 2.2M oz at 2.0 g/t Au. Goldshore also has a c.0.85M oz Au inferred historical resource at East Coldstream. The company is conducting an extensive exploration strategy, including completing a 100,000m drilling program; comprehensive metallurgical testing and environment baseline studies. As well, The Moss Lake Project has a historical copper mine (North Coldstream Mine) on its land package (operated by Noranda/Xstrata – 1954-1992), and significant other copper/gold targets to be tested going forward.
Goldshore’s Moss Lake Project holds a large land package in North-western Ontario. The project displays significant resource potential, as Goldshore takes the project through its next stages of exploration and development, towards a second updated mineral resource estimation (MRE) in Q1 2023; followed by updated MRE in Q4 2023 and a preliminary economic assessment (PEA) to be conducted in H1 2023, in conjunction with commencing a preliminary feasibility study in 2024.

Expert Comments:

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Capital Cube

"For the quarter ending September 30, 2022, Goldshore Resources Inc. has current assets of CA$5.95M. . .working capital is CA$4.32M. . .the company has enough money to finance its operations for a year and does not need to raise capital in the immediate future."

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More Expert Comments

Experts Following This Company

Travis – Economic Ninja
headshot of Barry Allan
Barry Allan, Managing Director, Mining Analyst, Institutional Equity Research – Laurentian Bank Securities
headshot of Gerardo Del Real
Gerardo Del Real, Newsletter writer – Resource Stock Digest
Trevor Hall – Mining Stock Daily
headshot of Maurice Jackson
Maurice Jackson, Founder – Proven and Probable
Rainer Kromarek – German Smart Investor
Jim Lewis – Wall Street Silver
Stuart McDougall, Mining Analyst, Equity Research – Research Capital Corporation
Paul O'Brien, Analyst – Velocity Trade Capital
headshot of Gwen  Preston
Gwen Preston, Founder Resource Maven
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David Skarica – Addicted to Profits

Company News 

3/14/2023 – Goldshore Intersects Multiple New Parallel Shears Increasing Width of QES Zone by Over 100 meters - Including 1.33 g/t Au over 54.45m

2/27/2023 – Goldshore Intersects 5.64 g/t Au over 15.65m at East Coldstream

2/2/2023 – Goldshore Intersects 9.46 g/t Au over 7.45m in the Southwest Zone

1/17/2023 – Goldshore Continues to Intersect Multiple +100m Wide Mineralized Zones at QES Zone Including 1.03 g/t Au over 152.0m in MQD-22-072

12/30/2022 – Goldshore Announces Closing of $1 Million Private Placement

12/29/2022 – Goldshore Announces Upsize of Private Placement to over $1 Million

12/23/2022 – Goldshore Announces Private Placement of up to $1 Million

12/22/2022 – Goldshore Announces Closing of $5.75 Million Public Offering

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Streetwise Company Fact Sheet

Goldshore Resources Inc.


2023/3/21 22:59:51

Analyst coverage

Laurentian Bank SecuritiesBarry Allan
Research Capital CorporationStuart McDougall
Velocity Trade CapitalPaul O'Brien

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Streetwise - Goldshore Resources Inc. Ownership Overview*

Goldshore Resources Inc. (TSXV: GSHR;OTCQB: GSHRF ;FWB: 8X00)

*Share Structure as of 1/20/2023
Investing Highlights
Size, scale and leverage to the gold price
Tier 1 jurisdiction with a 4m oz historical resource
Undervalued to peers on a MarCap/oz basis, and undervalued relative to trading multiple of .3NPV ($200M-$300M) which these assets tend to trade at
Will define project economics in 2023 - expecting to be one of the highest grade, open pit developme
Significantly undervalued to its peer group
Leveraged growth play - with 2 resource increases to be announced in 2023
catalyst Calendar
Second MRE - April 2023
Phase 1 - Small Scale / High Grade Focused Project PEA - September 2023
Third MRE - End of November 2023