Errington Metals (TSX.V EM)

Errington is an interesting company located in Sudbury Ontario, with an early resource of 13m tons of copper at a grade of 4% Copper equivalent.

Management have skin in the game, and previous experience of delivering shareholder value.

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City Investors Circle Initiating Coverage of Errington Metals

Errington Metals (TSX.V: EM) is an interesting company located in Sudbury Ontario, with an early resource of 13m tons of copper at a grade of 4% Copper equivalent.

Management have decent skin in the game, and previous experience of delivering shareholder value.

Highlights

Unlocking High-Grade Critical Metals in the Sudbury Basin
 

Errington Metals is redefining the exploration landscape in Canada’s most prolific mining district.

Sudbury is globally renowned for copper-nickel-PGE deposits, but its massive, high-grade VMS potential has remained largely ignored, and hence underexplored..

Backed by a technically seasoned management team, board and advisors with exceptional track records of building companies, Errington is aggressively advancing its flagship Sudbury Basin Project to deliver superior long-term value for our shareholders and source metals for the global green transition.

The asset has over twice the grade of Foran, and superior infrastructure and location.

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Management

David Harquail is ex Franco Nevada, and Dan Myersen has just sold Foran for C$3.5 billion. 

Management own over 22% of the company.

This week the company released good drill results, and a new capmpaign is planned to try and reach an asset of 20 million tons at around 4% copper equivalent.

I am planning to make an initial investment before the new round of drill results are announced.

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Live metal prices can be found HERE

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 Errington Metals.

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2026 Key Catalyst

We are currently executing an aggressive 45,000-metre drill program specifically designed to support our initial mineral resource estimate and test high-priority regional targets.

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West Red Lake Gold Mines (TSX.V: WRLG)

Premiered a video celebrating the Madsen Mine achieving commercial production.

West Red Lake Gold purchased the Madsen Mine in June 2023. After extensive drilling, multiple surface and underground capital projects, and restart and ramp up, the company declared commercial production at the mine as of 1 January, 2026.

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Madsen Mill – Courtesy of West Red Lake Gold Mines

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Shane Williams, President and CEO said,

“With this video, we wanted to celebrate the milestone of commercial production and showcase the process that drives this mine,.

 

“Dedicated people executing a well-defined process is the foundation of a successful mine and I’m proud of the people at Madsen and the process we developed to operate this mine reliably and unlock value ahead.”

 

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To watch the video, click HERE.

 

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To read the full news release, please click HERE ——- To view the latest share price and company chart, please click HERE To View West Red Lake’s historical news, please click here . The live Spot gold price can be found HERE . ======= . 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 West Red Lake Gold Mines. . To read our full terms and conditions, please click HERE

West Red Lake Gold Mines(TSX.V: WRLG)

Reported initial drill results from the Upper 8 Target from its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada.

Hole WRL24-002Intersected 4.1m @ 14.20 g/t Au, from 354.8m to 358.9m.

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West Red Lake Gold Mines (TSX.V: WRLG)

Announced the arrival of a second underground diamond drill at its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

A second diamond drill has been added at Madsen to continue growing and de-risking this high-priority, near-mine resource area.

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West Red Lake Gold Mines Ltd.(TSXV: WRLG), (“West Red Lake Gold” or “WRLG” or the “Company”) (OTCQB: WRLGF)is pleased to announce the arrival of a second underground diamond drill at its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

In response to the recent drilling success at the newly defined North Austin zone, a second diamond drill has been added at Madsen to continue growing and de-risking this high-priority, near-mine resource area.

Based on positive results from recent underground drilling programs at Madsen, two near-mine expansion areas – North and South Austin – have been prioritized for immediate expansion and infill drilling.

The two focus areas sit adjacent to existing underground development marking them both as high caliber targets that could potentially be developed early during future mine restart and production. It’s important to note that successful drilling in these areas is expected to add growth to the existing Madsen resource, bringing new ounces onto the books in areas not previously mined.

 

 

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Shane Williams, President & CEO, stated,

“The addition of a second underground drill at Madsen will expedite our efforts in de-risking the resource and building a runway of high-confidence mineable inventory that will be critical during restart of mining operations.

 

“The North and South Austin Zones have already demonstrated potential for grade and continuity and our team looks forward to continuing to advance these two high-priority areas simultaneously with the underground drilling program.”

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Previously announced highlights on the North and South Austin drilling can be viewed at the following links:

• West Red Lake Gold Intersects 27.15 g/t Au over 10.28m and 22.31g/t Au over 8.5m at North Austin Zone – Madsen Mine(November 21, 2023)

• West Red Lake Gold Intersects 47.44 g/t Au over 3.2m, 21.64 g/t Au over 7m and 296.83 g/t Au over 1m at South Austin Zone – Madsen Mine(December 5, 2023)

• West Red Lake Gold Intersects 9.15 g/t Au over 3.3m and 10.66 g/t Au over 2.6m at North Austin Zone – Madsen Mine(February 7, 2024)

• West Red Lake Gold Intersects 25.12 g/t Au over 5.5m, 39.46 g/t Au over 2m and 18.60 g/t Au over 4m at South Austin Zone – Madsen Mine(March 4, 2024)

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Since underground drilling resumed in early January 2024 the Company has completed 3,671m of Expansion drilling and 2,916m of Definition drilling.  In total, 65 diamond drill holes for 6,587m have been completed so far in 2024 at the Madsen Mine.

 

Angus Gold (TSX.V: GUS)

Angus is an early stage gold exploration company focusing on the WAWA Mining Camp in a prolific and proven gold district.

Neighbours include Alamos Gold, Argonaut, and Wesdome Gold Mines.

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Angus Gold Regional Map

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Comment

Angus Gold is a nearly stage gold exploration company located in a prolific area for gold discovery and production, in a tier 1 jurisdiction, Ontario Canada.

The recent investment by neighbour Wesdome Gold Mines drew my attention to the story.

I am adding them to the Tier 4 watchlist group.

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Initiating Coverage of Angus Gold

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Angus Gold (TSX.V: GUS) is an early stage gold exploration company focusing on the WAWA Mining Camp in a prolific and proven gold district.

Neighbours include Alamos Gold, Argonaut, and Wesdome Gold Mines.

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I like Angus because;

• Management have a track record of previous success in this area of Canada
• There are several neighbouring producing gold mines
• Directors and management have a 37% shareholding
• Newgold have a 10% investment in the company
• Near neighbour Wesdome has just invested in the company
• Institutions hold 21%
• Retail only hold 16%
• Low share count
• Prolific gold belt
• Tier 1 jurisdiction

Angus has all the ingredients I look for, management have sold projects before and created shareholder value, prolific gold belt with neighbouring producing mines, tier 1 jurisdiction, directors own over a thirs of the company, and they have two gold producing miners as shareholders.

I aim to take a small position to maintain my interest in the company and follow progress.

The Angus Gold corporate website can be accessed HERE

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The company presentation can be viewed HERE

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West Red Lake Gold Mines (TSXV: WRLG)

Reported final drill results from the 2023 drilling campaign at its 100% owned Rowan Property located in the prolific Red Lake Gold District of Northwestern Ontario, Canada.

Notably, hole RLG-23-177 was successful in intercepting 4.0m @ 9.5 g/t Au approximately 80m beneath the historic workings. 

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West Red Lake Gold Mines Madsen Mill

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West Red Lake Gold Mines (TSX.V: WRLG)

Announced that as a result of strong investor demand, the Company has amended its agreement with Canaccord Genuity Corp. and Eight Capital, to increase the size of the previously announced “best efforts” private placement of units to raise gross proceeds of up to C$13,000,000, consisting of up to 25,000,000 units of the Company at a price of C$0.52 per Unit. 

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West Red Lake Gold Mines Ltd. (TSX.V: WRLG) (OTCQB: WRLGF) (“West Red Lake Gold” or “WRLG” or the “Company”) is pleased to announce that as a result of strong investor demand, the Company has amended its agreement with Canaccord Genuity Corp. and Eight Capital (collectively, the “Agents”), to increase the size of the previously announced “best efforts” private placement of units to raise gross proceeds of up to C$13,000,000 (the “Offering”), consisting of up to 25,000,000 units of the Company (the “Units”) at a price of C$0.52 per Unit (the “Offering Price”).

Each Unit will consist of one common share of the Company (each, a “Unit Share”) and one common share purchase warrant of the Company (each a “Warrant”). Each Warrant will entitle the holder to acquire one common share of the Company for 36 months from the closing of the Offering at a price of C$0.68.

The Agents will have an option (the “Agents’ Option”) to increase the size of the Offering by up to C$2,080,000 through the sale of an additional 4,000,000 Units at the Offering Price, which Agents’ Option is exercisable, in whole or in part, at any time up to 48 hours prior to the Closing Date (defined herein).

The net proceeds received from the Offering will be used to advance the Company’s mineral properties in Ontario, as well as for working capital and general corporate purposes.

It is anticipated that closing of the Offering will occur on or about November 28, 2023 (the “Closing Date”), or such other date or dates as the Company and the Underwriters may agree. The Offering is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals including the approval of the TSX Venture Exchange. The securities sold under the Offering will have a hold period in Canada of four months and one day from the closing date in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America.

The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

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To read the full news release, 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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=======

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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 West Red Lake Gold Mines

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To read our full terms and conditions, please click HERE

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ABOUT WEST RED LAKE GOLD MINES

West Red Lake Gold Mines Ltd. is a mineral exploration company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km² highly prospective land package in the Red Lake district of Ontario.

The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world’s richest gold deposits.

WRLG also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km² including three past producing gold mines – Rowan, Mount Jamie, and Red Summit.

West Red Lake Gold Mines (TSX.V: WRLG)

Announced an update from the 2023 exploration drilling program on its Rowan Property, located in the prolific Red Lake Gold District of Northwestern Ontario, Canada.

Hole RLG-23-163B intersected 70.80 grams per tonne gold over 8.3 metres, including 1,120.19 g/t Au over 0.5 m.

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West Red Lake Gold Mines Ltd. (TSX.V: WRLG) (“West Red Lake Gold” or “WRLG” or the “Company”)(OTCQB: WRLGF) is pleased to announce the following update from the 2023 exploration drilling program on its 100% owned Rowan Property located in the prolific Red Lake Gold District of Northwestern Ontario, Canada.

Hole RLG-23-163B intersected 70.80 grams per tonne (“g/t”) gold (“Au”) over 8.3 metres(“m”), including 1,120.19 g/t Au over 0.5 m.

This hole represents the highest-grade intercept ever drilled across the Rowan Property and is a testament to the continued success our exploration team is achieving with the 2023 drilling campaign.

The drill program at Rowan has already been expanded from 17,000 m to 25,000 m, and these results only further validate the team’s commitment to the Rowan asset.

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HIGHLIGHTS:

• Hole RLG-23-163B Intersected 8.3m @ 70.80 g/t A uin Vein Zone 101 from 387 m to 395.3 m, including 0.5 m @ 13.46 g/t Au from 389 m to 389.5 m, 0.5 m @ 1,120.19 g/t Au from 393.5 m to 394 m and 0.6 m @ 29.64 g/t Au from 394.7 m to 395.3 m.

• This represents the highest-grade intercept ever drilled across the Rowan Property.
• The location of the pierce point on Vein 101 represents one of the deeper intercepts drilled within the high-grade East Zone which could be indicating that the vein system is increasing in grade and thickness with depth.
• The exploration team is immediately following up on this success to further define this extremely high-grade and thick portion of gold mineralization within the already impressive East Zone at Rowan.

Figure 1. Impressive visible gold showing within intercept grading 1,120.19 g/t Au. Diamond drill core in this photo is NQ diameter (47.6 millimeters).

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Shane Williams, President & CEO, stated,

 

“There are very few places in the world where the geologic conditions exist to produce an intercept of this calibre, and the Red Lake district has demonstrated time and again that it is most definitely one of them.

 

“Our exploration team has already been immensely successful with the drilling program at the Rowan Mine target in 2023, and the spectacular drill results highlighted in this news release only emphasize the upside that still exists at Rowan.

 

“Our team is confident that we are only just starting to scratch the surface at Rowan with many more exciting discoveries to come.”

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The high-grade mineralized vein zones encountered at the Rowan Mine target area  continue to exceed expectations, confirm the geologic model, and further improve the existing high-grade (9.2 g/t Au) 827,462 ounce Inferred Mineral Resource at the Rowan Mine.

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For brevity, this summary has been redacted, to read the full news release, 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 West Red Lake Gold Mines

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To read our full terms and conditions, please click HERE

West Red Lake Gold Mines (WRLG.V)

WRLG purchased the Madson Mine, located in Ontario, from the administrators of LSE listed Pure Gold Mining last year, and are starting to put together their plan to correct the mistakes made by the previous owners.

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West Red Lake Gold Mines – Initiating Coverage

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West Red Lake Gold Mines (WRLG.V)

WRLG purchased the Madson Mine, located in Ontario, from the administrators of LSE listed Pure Gold Mining last year, much to the angst of many UK based shareholders, who saw a staggering loss of capital as the share price slumped from around £1.80 to nothing, in short order.

WRLG are starting to put together their plan to correct the mistakes made by the previous owners.

Madsen is located in a prolific gold belt that has produced many millions of ounces over the years.

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West Red Lake Gold Mines Company Profile

West Red Lake Gold Mines Ltd. is a mineral exploration company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 sq-Km highly prospective land package in the Red Lake Gold District of Ontario.

The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world’s richest gold deposits.

WRLG also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 sq-Km including three past producing gold mines – Rowan, Mount Jamie, and Red Summit.

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West Red Lake Gold Mines Corporate website, 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

.

=======

,

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 West Red LAke Gold Mines.

Goldshore Resources (TSX.V: GSHR)

I attended a presentation by highly experienced Goldshore CEO Brett Richards a few days ago and was very impressed.

GSHR are located in Ontario, have a large inferred resource, are currently drilling, and are well funded. 

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Goldshore project location map

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Initiating coverage of Goldshore Resources

Goldshore Resources (TSX.V: GSHR)

I attended a presentation by highly experienced Goldshore CEO Brett Richards a few days ago and was very impressed.

GSHR are located in Ontario, have a large inferred resource, and are currently drilling, and are well funded.

The comparison table to peers makes compelling reading, and if they prove up more ounces at the higher grade the price here will surely move up?

The old adage of following good management is as true as ever, and Brett Richards has a solid history of delivering shareholder value. Most recently in Roxgold, before it was sold, and a stock we followed here.

The Goldshore corporate presentation can be viewed HERE

Slides 24 and 25 highlight the potential undervaluation here.

Forthcoming catalysts are drill results and the results of the current roadshow in Europe, and subsequent roadshows throughout the year.

The company is doing its best to increase awareness and generally if they deliver upon expectations that will eventually lead to a share price rerate.

I invested in the stock after seeing the presentation, it looks low risk at this price, especially with gold over $2,000 Oz.

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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 shares in Goldshore Resources.

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