Continued Results From Moss Lake + Investor Webinar Canada is one of the best jurisdictions in the world for mining, which is why $GSHR.V’s Moss Lake gold project is especially interesting. With 1.47M oz indicated and 2.51M oz Au inferred, the current 100,000m exploration project isn't something to overlook. The most recent results from the East Coldstream deposit further cements their position.
- Results for eight holes drilled better to define the gold mineralization of the East Coldstream deposit have confirmed three broad lenses of gold mineralization within the two main shear zones
- Some intercepts include: 23m of 1.34 g/t Au from 244m with 7.35m of 3.77 g/t Au from 254.2m.
- 26m of 1.66 g/t Au from 451m, including 7.9m of 4.20 g/t Au from 465m
- Other results returned grades of up to 15.8 g/t Au.
Read the full in-depth results here: https://ca.finance.yahoo.com/news/goldshore-announces-strong-initial-drilling-110000796.html
Looking at their financials, things look good as well. $13.8M in current assets (majority cash) with only $1.4M in expenses over the past 3 months. Considering the strong/experienced management team and with 52% of the company being held by institutions and insiders, the share structure is tight.
Overall, considering the potential of Moss Lake, ESG focus, upcoming PEA, and completion of drilling in the next couple of quarters, the current $32M valuation could be an interesting entry point here.
Check out the recent investor webinar as well with the CEO of Goldshore Resources: https://6ix.com/event/as-good-as-gold-a-conversation-with-brien-lundin/