GSHR.v announces promising updates from Moss Lake Project Goldshore Resources (TSXV: GSHR) announced today that it has confirmed high grade gold mineralization within a large volume of well mineralized diorite at the Moss Lake Project.
Highlights are included in the company’s latest press release, with the most impressive results yielding 29.5m @2.99 g/t Au.
With so many junior company’s out there exploring very speculative projects right now, these results really place GSHR at the top of the heap. The company is confident that given these results, there is great potential for the development of an initial high-grade phase 1 open pit within the larger low-grade open pit operation.
GSHR is currently aiming to achieve cash flow as fast as possible. The benefit of this is twofold, as this allows the company to realize value for shareholders, as well as mitigate the impact of anticipated CAPEX increases due to inflation.
With the market being closed as it is, now is not the time for junior companies to be seeking public/private financing. An accelerated cash flow timeline for Moss Lake will allow GSHR to increase shareholder value while avoiding dilution at these currently low prices.
There are going to be a lot of highly speculative junior mining companies biting the dust soon with the expected inflationary impacts on CAPEX, but I do not see GSHR being one of them. Once the market is thinned, company’s with experienced leadership and solid assets like GSHR will be left to reap the rewards of an open, unsaturated market.
GSHR.v is currently trading at $.2, valued at $28.52 million.
https://ceo.ca/@newsfile/goldshore-intersects-2905m-299-gt-au-in-100m-down-dip