The Prospectors & Developers Association of Canada (PDAC) was well attended this year, with 26,926 attendees coming to Toronto from all over the world, for the best business, investment and networking opportunities in the mineral exploration and mining industry. This was a significant improvement over last year, when 23,819 participants visited the largest mining conference on the planet.

With the Federal Reserve indicating doubts about retreating inflation levels, postponing a potential first rate cut to at least May, the US stock markets hesitated just a moment, the S&P500 printing new all-time highs shortly after, and with gold remaining well over US$2,000/oz, Goldshore Resources (TSXV:GSHR)(OTCQB:GSHRF)(FWB:8X00) stayed the course as promised, and announced their updated resource estimate for their Moss Gold Project in Ontario.

Just as the Federal Reserve decided to pause their record-breaking rate hiking streak, with gold hovering around US$2,000/oz on a weaker US Dollar and fear for escalating Middle East tensions, Goldshore Resources (TSXV:GSHR)(OTCQB:GSHRF)(FWB:8X00) finally found their strategic partner they were looking for all year.

The markets keep generating mixed to negative signals: on one side you have high inflation causing lowering demand, higher interest rates, the Federal Reserve shrinking its balance sheet, a record credit crunch, banking crisis, deflating bubbles like real estate, decreasing manufacturing, port activities, lowering wages (although in Europe there is a wage-price spiral going on), in short everything points towards a recession.

As banks are getting into trouble left and right, with central banks saving bank customers (SVB) and lending up to US$54B (Credit Suisse) at the last minute in order to avoid a financial Armageddon, gold is doing well as the fear trade is on again, Goldshore Resources (TSXV:GSHR)(OTCQB:GSHRF)(FWB:8X00) keeps on churning out solid drill results at their fully owned flagship Moss Lake project in Ontario.

1. Introduction

In a time where large gold deposits are becoming increasingly rare, Goldshore Resources (TSXV:GSHR)(OTCQB:GSHRF)(FWB:8X00) set the bar high for themselves. After being guided by a 4M oz Au historic resource, Goldshore announced a robust NI43-101 compliant Inferred 4.17Moz @ 1.1g/t gold current resource in November 2022 at their fully owned flagship Moss Lake project in Ontario.