Goldshore Resources – Recapping The Resource Estimate Growth To 6 Million Ounces Of Gold And Derisking Work Heading Towards The PEA

Brett Richards, President and CEO of Goldshore Resources (TSX.V:GSHR – OTCQB:GSHRF), joins us to review the updated 44% increase to the global Resource Estimate to over 6 million inferred ounces of gold at an average grade of 1.02 g/t at the Moss Gold Project in Ontario. The shear domain has increased in contained metal and tonnage from the November 2022 mineral resource estimate by 52% and 63%, respectively, to 3.35M oz Au at 1.84 g/t Au within 56.5Mt (open pit only). As a contributing factor, the East Coldstream Maiden Resource Estimate introduced at 580Koz at 0.91 g/t Au in 20.0Mt (open pit and underground).



Next we outlined that with this resource update at the Moss Gold Project that it demonstrates the kind of scale needed for high-grade open-pit gold project. The Company is continuing to do work and various studies to support a preliminary economic assessment (PEA) planned for release later this year as the next key milestone.   This led to a discussion on how across the industry that resources in the ground were not being anywhere close to fully valued for the ounces in the ground.  Brett went on to point out that Goldshore Resources has industry leading discovery costs of approximately CAD$10 per ounce of inferred Au resource (all-in) including acquisition costs and overheads. 


With regards to exploration, the Moss Gold Project is host to 29 additional targets over a 35 km trend, which the Company continues to evaluate, and prioritize for future exploration campaigns, and ideally the next actionable step would be a 30,000 to 35,000 meter drill program to kick off in the winter with 80% of the focus being infill to move resources from inferred to measured and indicated, and 20% would be on true step-out or regional exploration of all those targets at Moss but also at the northern zone of East Coldstream and other identified VMS targets.


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    Jun 06, 2023 06:08 PM

    (GSHR) (GSHRF) – Goldshore Resources: Investment Exposé