Goldshore Resources (TSX.V: GSHR)

In an embarrassing episode recently, Goldshore loaded a restated 43-101 document to SEDAR, which included the hilarious side notes and comments written by GSA Global Consultants, the authors of the document.

This included the comment that Goldshore wanted to “remove the lake” from a cartoon showing their land position! 

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Comment

I don’t normally do knee jerk reactions to company news, but after reading this embarrassing piece, I immediately sold out of my position.

The reason? My trust in management had dissipated completely.

After investing in Goldshore a fellow investor alerted me to the fact that the deposit was along and undereath a lake, which would mean extra environment issues to address before a mining permit would be issued.

I didn’t take too much notice until the company changed the name of the Moss Lake Project to the Moss Gold Project.

Clearly the lake was a concern, as the company felt the need to change the name to remove the reference to ‘lake’.

Now this incredibly embarassing revalation that the company uploaded to SEDAR their restated 43-101, complete with very damaging comments in the margin made by employees of GSA, discussing their various concerns in the report.

One of the side panel comments comes from the company, requesting GSA to “remove the lake from the map of the project”!

Other comments refer to missing data and GSA using and relying on data supplied by Goldshore!

This is truly a farce, amateur hour in Ontario, and reflects poorly on the company. 

The renaming of “Moss Lake” to “Moss Gold”, and then a request to “remove the lake from the map”, clearly suggests an intention to not inform investors fully of the potential issues of the project location, in my honest opinion.

For that reason I’m out, as they say in the Den….

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Goldshore Resources ‘Disappears’ Moss Lake

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Goldshore Resources (TSX.V: GSHR) – In an embarrassing episode recently, Goldshore loaded a restated 43-101 document to SEDAR, which included the hilarious side notes and comments written by GSA Global Consultants, the authors of the document.

This included the comment that Goldshore wanted to “remove the lake” from a cartoon showing their land position!

Compare the two maps below!

To read an article with more details, please click HERE

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds no shares in GoldShore Resources

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Mining Review 25th June

Gold Road Resources was the main  talking point this week, losing 15% after issuing reduced guidance, and as a result, inreased AISC.

Gold fell back $30 over the week, after the suprise 0.5% hike in UK base rates. 

Gold Road Resources Gruyere Gold Mine at night

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City Investors Circle Mining Review 25th June 2023

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Mining Review 25th June

Gold Road Resources was the main  talking point this week, losing 15% after issuing reduced guidance, and as a result, inreased AISC.

Gold fell back $30 over the week, after the suprise 0.5% hike in UK base rates.

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Companies from our watchlist in the news this week.

Gold Road Resources disappointed the market by reducing their production guidance for the remainder of the year by up to 20,000 ounces gold.

Orla MIning produced a set of high grade gold results fron the sulphides at Camino Rojo, Mexico.

Please click on the links below for the full stories.

 Orla Mining Reported a Successful Drilling Program

 Gold Road Resources Reduced Gruyere Production Guidance

 Goldshore Filed a Technical report For Moss Gold

 O3 Mining Delivered  Malartic H Maiden MRE

 Impact Minerals Published a MRE for Lake Hope, WA

 Siren Gold Intersected Broad Mineralised Zone

 Mining Review 18th June 2023

Week on Week Price Changes

US$ unless stated

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Goldshore Resources (TSX.V: GSHR)

Further to its press release of May 8, 2023, confirms that it has filed pursuant to NI 43-101 Standards of Disclosure for Mineral Projects a technical report titled “NI 43-101 Technical Report – Mineral Resource Estimate for the Moss Gold Project, Ontario, Canada.”

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VANCOUVER, B.C., June 20, 2023:Goldshore Resources Inc.(TSXV: GSHR / OTCQB: GSHRF / FWB: 8X00)(“Goldshore” or the “Company”), further to its press release of May 8, 2023, confirms that it has filed pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects a technical report titled “NI 43-101 Technical Report – Mineral Resource Estimate for the Moss Gold Project, Ontario, Canada” (the “Technical Report”) in connection with the 100%-owned Moss Gold Project in Northwest Ontario, Canada (the “Moss Gold Project”).

The Technical Report was prepared by Neal Reynolds, FAusIMM, MAIG and Matthew Field, Pr.Sci. Nat of CSA Global Consultants Canada Ltd.

The Technical Report has an effective date of May 5, 2023. The Technical Report is available on SEDAR at www.SEDAR.com and is posted on the Company’s website at www.goldshoreresources.com.

In addition, further to its press release of May 17, 2023, Goldshore is working with Ausenco Engineering Canada Inc. (“Ausenco”) as its lead engineering firm to conduct the preliminary economic assessment (“PEA”) at the Moss Gold Project.

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Goldshore’s VP Exploration, Pete Flindell stated,

“Goldshore is reviewing high level scoping studies with Ausenco in order to identify the optimum project for the PEA.

 

“With high grade shears in low-grade altered wall rock, three viable process routes, and varying mining scales and rates, there are dozens of options that are being carefully evaluated, as the likely optimum project will be a staged hybrid rather than a simple mine-to-mill operation.

 

“We look forward to final PEA results in Q4 of this year.”

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To read the full news release, please click HERE

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Mining Review 21st May 2023

Neometals and Calidus Resources published positive updates in a week devoid of news of substance.

Most metals also had a poor week, but lithium rose strongly and looks to be on the way back up after a terrible year so far. 

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Japan Gold rock sample

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City Investors Circle Mining Review 21st May 2023

Neometals and Calidus Resources published positive updates in a week devoid of news of substance.

Most metals also had a poor week, but lithium rose strongly and looks to be on the way back up after a terrible year so far.

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News from companies on our watchlist was sparse this week, and can be found by clicking the links below.

We are moving into the summer doldrums so we may see a decline in share prices and the price of gold, although the latter is fluctuating on FED interest related news rather than the traditionally slow summer months.

  Cornish Metals South Crofty Progress Report

  Maple Gold Outlines VMS Summer Field Program

  Goldshore Selects Ausenco to Conduct the PEA

  Calidus Resources Publishes a New Corporate Presentation

  New Mining listings on the TSX Venture Exchange

  Neometals’ Barrambie Titanium Project PFS Update

  Mining Review 14th May 2023

Read more: http://www.city-investors-circle.com/archives/#ixzz82IDFt5VJ

Market data

Weekly Price Changes

(US$ unless stated)

Metal Prices

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Metal ETFs

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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.

Disclosure

At the time of writing the author holds in shares in Calidus Resources and Goldshore Resources

To read our full terms and conditions, please click HERE

Goldshore Resources (TSX.V: GSHR)

Announced an updated mineral resource estimate for the Moss deposit and a maiden mineral resource estimate for the East Coldstream deposit, both located at its 100%-owned Moss Gold Project in Northwest Ontario, Canada.

Moss Gold Project global inferred resource grows 44% to 6.00Moz at 1.02 g/t.

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Shear Domain at the Moss Deposit increases to 3.35Moz at 1.84 g/t Au within 56.5Mt

VANCOUVER, B.C., May 8, 2023: Goldshore Resources Inc. (TSXV: GSHR / OTCQB: GSHRF / FWB: 8X00)(“Goldshore” or the “Company”) is pleased to announce an updated mineral resource estimate (the “Moss MRE”) for the Moss deposit (“Moss”or the “Moss Deposit”) and a maiden mineral resource estimate (the “East Coldstream MRE” and, together with the Moss MRE, the “MRE”) for the East Coldstream deposit (“East Coldstream” or the “East Coldstream Deposit”), both located at its 100%-owned Moss Gold Project in Northwest Ontario, Canada (the “Moss Gold Project” or the “Project”).

• Moss Gold Project global inferred resource grows 44% to 6.00Moz at 1.02 g/t, within 183.6Mt

• Moss MRE growswith24% more contained gold ouncesand32% more tonnesfrom 4.17Moz Au in 121.7Mt (November 2022 mineral resource estimate) to5.42Moz Au at 1.03 g/t Au within 163.6Mt(open pit and underground).

• Theshear domain has increased in contained metal and tonnage from the November 2022 mineral resource estimate by 52% and 63%, respectively,to3.35M ozAuat1.84 g/t Au within 56.5Mt(open pit only).

• There isclear expansion potential over the 8km-long belt through strike extensions (in both directions) and parallel shearswhere gold mineralization has been intersected but is sparsely drilled.

• East Coldstream MRE introduced at 580Koz at 0.91 g/t Au in 20.0Mt(open pit and underground).

• Implied stripping ratios are 5.2:1 for Moss and 6.4:1 for East Coldstream.

• This resource increase implied by the Moss Gold Projectdemonstratesthe scale of the project and the opportunity for a high-grade open-pit gold project.

• Work is well underway on studies to support apreliminary economic assessment (“PEA”) planned for later this year.

• 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 drill campaigns.

• The Company has incurred discovery costs of approximately CAD$10 per ounce of inferred Au resource (all-in) including acquisition costs and overheads. This can also be measured as approximately76 ounces Au per meter drilled (all-in costs included) in the 78,000 meters drilled to date.

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Summary of the MRE

Open-Pit and Underground Constrained Inferred MRE for the Moss Deposit and East Coldstream Deposit with an Effective Date of May 5, 2023:

 

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Note: Based on a US$1,650 per ounce gold price and economic cut-off grade of 0.35 g/t Au for open pit and 2.07 g/t Au and 2.00 g/t Au for underground resources (Moss and East Coldstream, respectively).  Please review “Notes to Accompany Moss MRE” and “Notes to Accompany East Coldstream MRE” for additional information.

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President and CEO Brett Richards stated:

 

“This announcement is an important milestone for Goldshore and the Moss Gold Project.

 

“We are pleased with the results of the MRE, as it illustrates the size, scale, and potential of the Moss Gold Project that we have been communicating for the past many months.

 

“This important step in the development of the Project will now shift to commencing a PEA by putting a mining project around the resource with the goal of understanding the economic outputs.

“Today’s MRE is a first step towards understanding a potential first phase of the Moss Gold Project, as we believe it represents only a small portion of the mineralization or potential mineralization on our land package.

 

“We still have 29 additional targets to drill test, including several gold targets, but also 4 interesting base metal and battery mineral targets.

We will now start to run scenario planning for the PEA with respect to how we construct a Phase 1 project of a clearly larger mineral resource, while investigating various leaching methodologies, including heap leach.

 

“When we have a clear picture of the scope of the PEA, we will guide the market as to when we believe the results of it will be available to the market.”

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Goldshore Resources

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To read our full terms and conditions, please click HERE

Mining Review 7th May 2023

The FED rate hike dominated the markets this week, up .25% as gold fell on the news, later recovering a little.

American Creek, Cartier Resources, Eloro, Goldshore, and Minera Alamos all made news this week. 

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City Investors Circle Mining Review 7th May 2023

The FED .25% rate hike dominated the news this week and despite the rise, and the potential for more rate increases, gold ended up in positive territory, up over 1% week on week at $2016.

Silver is also enjoying the positivity, up 2.4%, whilst the PGM’s were down, due to a decrese in Chinese economic output.

Companies on our watchlist in the news this Week

American Creek reported that JV partner Tudor Gold has filed a 43-101, and Goldshore reported preliminary Mettalurgy results for Moss Gold.

Click the links below for the full story.

 City Investors Circle Celebrates the Coronation of King Charles 3rd

  Cartier Resources Cuts two New Zones at Chimo Mine Project

  Goldshore Preliminary Metallurgy Results for Moss Gold

  Minera Alamos earns $5.6-million in 2022

  American Creek’s JV Partner Tudor Gold Files NI 43-101

  Eloro Commences Trading on the TSX Main Board

  April 2023 Market Review Published

Read more: http://www.city-investors-circle.com/archives/#ixzz80ydTPaVS

Market Data 

Week on week price changes

US$ unless stated

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.

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek, Eloro Resources, Goldshore Resources, and Minera Alamos.

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Goldshore project location map

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