Dear subscriber,
Goldshore Resources entered the scene with the substantial historic 4Moz Au Moss Lake project, acquired from Wesdome for C$52M which divested it as a low grade non-core asset. As lots of drilling needed to be done to upgrade to NI43-101 compliance, and the market wasn't sure about economics, Goldshore didn't develop the best of charts, not helped by the general sentiment in 2022 as well. However, with the new 4.17Moz Au Inferred resource as a starting point, with a different, more economic geological concept, potentially better recoveries and very promising and extensive drill targets outlined, the company expects to update the resource to about 6Moz in April, come out with a PEA in August, and sees potential for a much, much larger project in the future. And all this for a measly C$41M market cap. Read more about it here:
Regards,
The Critical Investor