Highlights from Webinar Today GSHR.v GSHRF (up 6.5%) highlights from webinar today
CEO went over the recent MRE from Moss Lake
- 4.17M Oz Gold, containing 2.20M Oz Gold at 2.0 g/t within a high-grade shear domain (compared to other open pit projects in Canada most are around 1.0 g/t Au)
- Project has all infrastructure to support a district scale mining camp
- Have drilled 120 holes so far, so more than 55% of the data is still out there and will be found in next mineral resource
Some thoughts on the gold market
- Macro situation was tough and yet gold has actually performed quite well this yr
- As the Ukraine Russia situation continues the Euro dollar and Yen should get stronger and with the democrats prepping for the next election they’ll probably print a lot more money and cause some inflation, weakening the dollar = good for gold
- Believes gold in 2023 will be trading around $1800-$2200
Some updates on the East Coldstream deposit
- Significant resource potential is being identified in step out drill holes (ex. 22.65m @ 1.59 g/t Au
- Key takeaway is the geology which is very similar to Moss Lake (will be continuing to develop that)
Updates on North Coldstream
- Hit 62.8m and found Cu, Ag, Co, Au
- CEO wants to drill this and is currently working on a solution to get it done (could be a great finding with copper demand growing and other metals used for EVs)
Heading into next year
- Will be drilling throughout the yr (In one of the lowest risk jurisdiction in the world, lots of targets they haven't tested, lots of copper and cobalt holes to expand, won’t need to rely on gold going up, but if they do get some help they are in a great position to enjoy that as they bring their project to development stages)
- Metallurgical studies will be focus at start of yr
- Will be putting out their 2nd MRE by the time they promised their first one would be done
- Looking to start a pre feasibility study by 2024
- Expect news around every 3 weeks throughout 2023
- Currently cashed up w/ $8-9M