Goldshore Resources’ gold project takes major step toward Tier 1 status with resource breakthrough

This article is written by one of Kitco's sponsors. The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. Goldshore Resources' updated resource estimate now boasts an indicated mineral resource of 1.5 million oz. of gold and an inferred mineral resource of 5.2 million oz. of gold at its 100%-owned Moss Gold Project.

Brett Richards, Goldshore's Interim CEO said that given the current chaos in the global environment and the upcoming US election, people are going to want to put their liquid assets into wealth preservation products, "and gold is one of those products." Inferred Mineral Resource of 5,198 thousand ounces grading 1.11 grams per tonne gold , contained within 146.24 million tonnes.

Currently, the Moss Gold project located roughly 100 km northwest of Thunder Bay encompasses 36 satellite targets, including several mapped and sampled gold trends that are undrilled near the Moss Gold Deposit, offering prospects for discoveries and additional gold mineralization. Haywood Capital Markets in its Junior Exploration Report for 2023 has also listed Goldshore among eight companies with an attractive entry value and has added it to its watchlist.

The company also has a strategic partnership with a private equity group for a "long-term financial commitment to unlock the value of the Moss Gold Project." Richard states, "We have enough cash on the balance sheet to have 24 months of working capital from today. So, we're not too worried about raising money anytime soon. All management are on reduced salaries and our burn every month is quite low.

Source: Financial Digest (financialdigest.net)

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