Goldshore Resources – Recapping The Initial 2021 Exploration Results And 2022 Business Strategy With The Ongoing 100,000 Meter Drill Program

Shad Marquitz
February 15, 2022

Brett Richards, President and CEO of Goldshore Resources (TSX.V:GSHR – OTCQB:GSHRF) joins us to recap the 2021 exploration results from the Moss Lake Gold Project in Ontario and how things are developing with the ongoing 100,000 meter program as we move into this year.   We start off by reviewing the continuity of the deposit with many long intercepts from 50 to 130 meters and an average grade over 1 g/t gold at Moss Lake.  We get Brett to unpack why these are very economic grades in a project with roughly 4 million ounces of gold in all categories, and how this is the kind of a project that larger mining companies want to see; much more so than flashy high-grade intercepts over narrow intercepts that don’t hang together or are not economic.  


Next we did focus up North on some of the high-grade targets at a second area of focus with a different VMS type of geology near the prior producing North Coldstream Mine, at the East Coldstream, North Coldstream, and Iris Lake targets.  Some historic results in this area have returned very well-endowed mineralized results with high-grade gold, copper, and base metals, and the company will be drilling this area in the months to come to test these historic results and look at starting to define resources in this second area.   In addition, there is a third target area down south of Moss Lake called Hamlin Lake that will get some scout drilling in 2022, following up on prospective prior historic results.  


Brett outlined that while there are 4 drill rigs turn now to take advantage of the winter ice, that they’ll likely increase that to 6-7 drill rigs later in the spring and summer to get more aggressive with completing their 100,000 meter drill program, and prepare for a resource update and PEA.


Please email us with any follow up questions for Brett regarding Goldshore Resources. Our email addresses are and

Click here to read over the new releases highlighting the drill results we discussed.

    Feb 15, 2022 15:47 PM

    Goldman Sees Copper Price “Breakout”, Risk Of “Extreme Scarcity Episode”

    Frik Els – February 11, 2022

    In a new research report, Goldman Sachs says the copper price is “building towards a breakout” as worries about the global economy, particularly China’s engine of growth – property, begin to ease:

    “With a diversified set of demand drivers – from EVs to electrical grids – sustaining a very tight micro into 2022, we believe that copper will reprice once these broader macro concerns abate.”

    Goldman says the limited seasonal build-up of copper inventories from record low levels – currently at just over 200,000 tonnes – scarcely enough to cover three days of global consumption is “entirely insufficient to tackle” its expected deficit of 197,000 tonnes for this year.

    “The longer this continues, the higher the risk of extreme scarcity episode by the end of the year,” Goldman says in its report released Tuesday.

      Feb 15, 2022 15:28 PM

      Mining Co. Notable for Prospective Copper Assets

      Streetwise Reports – (2/9/22)

      – Red Cloud initiated coverage on Libero Copper and Gold, its favorite copper explorer, with a Buy rating and a CA$1.40 per share target price.
      – Red Cloud ranks Libero Buy because it offers investors exposure to a pipeline of porphyry copper projects and has an existing resource, reported mining analyst Taylor Combaluzier in a Jan. 9 research note.
      – Libero is significantly undervalued, trading at a sizable discount to its peers.

      > The copper company’s projects are:
      – Mocoa, in Colombia, with a large existing resource and offering big upside.
      – Big Bulk and Big Red, in British Columbia’s Golden Triangle, each of which could result in an economic discovery as 2021 drill results showed a mineralized system present at both.
      – Esperanza in Argentina’s prolific Huachi Mining district, which could be another Filo del Sol project.

      – Mocoa’s existing Inferred resource consists of 4,600,000,000 pounds of copper 511,000,000 pounds of molybdenum.
      – Libero plans to carry out drill programs at all four projects this year.
      – With CA$14.8 million on the balance sheet, the explorer is fully funded through 2022.

        Feb 16, 2022 16:38 AM

        Back in Libero after about 2 or 3 years. Can’t remember but I think I had it about half this price. But, sounds good, with a lot more potential, during a period of projected shortages during increased real demand both socially and politically. Onward and upward and watch out for the brick wall. Jump that dude …

          Feb 16, 2022 16:58 AM

          Yeah, Libero is my largest Copper position personally, mostly due to my interest in their Mocoa and Esperanza projects. The 2 projects in B.C. (Big Bulk and Big Red) I see as more optionality for the company to do partnerships with.

    Feb 15, 2022 15:31 PM

    Gold Loses Some Premium Over Ukraine-Russia, But Inflation Limits Lows

    By Barani Krishnan – – Feb 15, 2022

    Bullion did take a dive lower on Tuesday on the first reports that Moscow was apparently winding down Russian troops concentrated at the Ukraine border.

    But as quick as the drop was the rebound from the lows, culminating in a finish that barely hurt gold’s upward momentum built up over the past six weeks. Interestingly, Tuesday’s move down only came after a new three-month high of ​​above $1,880.

    Helping gold was data showing the U.S. Producer Price Index grew more than expected in January as producers were paid more for their output in a trend that looked set to exacerbate inflation already expanding at its fastest pace in 40 years.

    Feb 16, 2022 16:33 AM

    Gold, Silver And The Mining Stocks Are Poised To Explode Higher

    Dave Kranzler – Feb. 14, 2022

    “Gold is trending higher in correlation with the 10-yr Treasury yield. This is what happens when the Fed begins an interest rate hike cycle, contrary to the mainstream narrative that gold moves inversely with interest rates. I didn’t show the comparison chart because it was “messy.” The RSI/MACD momentum indicators are positioned bullishly – at least for now.”

    “GDX and silver both are also in an uptrend but it’s not as pronounced. Gold has been resilient at the $1800 level, even with China closed for this week in observance of the Lunar New Year. Imports into both India and China have picked up considerably over the last 12 months.”

    “I think the next bull move is beginning, though as with the stock market, I expect increased two-way volatility. I continue to see significant downside risk to the stock market that might affect the pm sector briefly. But I’m also seeing indications that a lot of money is flowing into all flavors of precious metals (GLD, SLV, Comex futures, physical). Premiums for sovereign minted silver bullion coins have risen considerably over the last few weeks.”

    Feb 16, 2022 16:42 AM

    (AXU) Alexco Resource Is Starting To Look Cheap And I’m Bullish Now

    Gold Panda – Feb. 10, 2022

    – “The company released an updated mineral resource estimate for the Bermingham deposit, which boosted its resources by 22.4 million ounces of silver.”
    – “Alexco is ramping up production and I expect quarterly revenues to more than double by the middle of 2022.”
    – “The balance sheet has been strengthened and the company should have around $25 million in cash.”
    – “Overall, I think that Alexco looks cheap at the moment, and that share price levels below $1.80 provide a decent buying opportunity.”

    Feb 16, 2022 16:21 AM

    Off Topic:
    “Trudeau’s police force has banned Canadian financial institutions from doing business with a long list of crypto wallets. This is an unprecedented move, and a serious test for the security of crypto under authoritarian regimes.”

    Feb 16, 2022 16:57 AM

    Don’t confuse free speech with criminal behavior. One is under controlled rules to protect the rights of all people, and the other is against the law for supporting the rights of a few. Big difference.

    Feb 16, 2022 16:56 AM

    I noticed that the “paper prices” of commodities are up today.
    I have some up, some down, for a negative total.
    I am more and more coming to the conclusion that my biggest problem is that I do not “own” stocks that are in somebody’s ETF, or Index, or Gdx or Gdxj or mutual fund…in other words, I don[‘t own “managed money” products. Since intervention is everywhere, they choose to intervene by alternating days of performance on “non-insider” stocks through computer programs that are fixed.
    That is the only way to explain it as it is every day and not once in a while. It is every day.

      Feb 16, 2022 16:43 AM

      As Doc Jones constantly preaches Lake….trust the thesis. Yes it takes patience but the rewards are worth. Just look at most of your big winners of late. How many of them are in etf’s???

        Feb 16, 2022 16:14 PM

        I am holding what I got and actually went from 60-70 stocks to less than 20 because I like their potential. What I am moaning and groaning about is the artificial way they perform. Stocks should be forward looking and valued accordingly. But…at various points in time, things are really good, they perform as a Sector, the “paper price” is consistent, press releases are treated based on content and not what the soup of the day is, etc. . Then we go through the last year (mostly Nov to current) and it just doesn’t matter.Value doesn’t matter, news doesn’t matter, fundamentals don’t matter, everybody has a different opinion what’s going on, Technicals matter until something gets front run, naked shorted, exceeding position limits, run the stops, alter the charts, false news, false stats, false economic data, and no regulation.etc. I think the lack of a legal system, a lack of an honest Congress, the lack of an Honest Supreme Court, the lack of an Honest White House, the undermining of institutions, the transfer of wealth, etc etc etc (no fiduciary responsibility required of the “people” handling all the people’s money).
        But that is why I hold the stocks I want with the data being the data…and then bitch and moan.

        (Forgot: How many in ETFs …pretty much none of them when I got in: First Majestic, Vizsla, Silvercrest, Kirkland Lake, Great Bear, others….all before they were big time. So, yes…I like those kind of investments. )
        Thanks for kicking me in the head. I feel better until close…

          Feb 16, 2022 16:23 PM

          I get where you’re coming from….I can’t speak to the specific stocks you own but with the ones I’m holding liquidity is the real issue for most of them. General apathy towards PM’s and even base metals has lead to stop losses getting hit far too easily….