A neighbouring project under Mistango's control has recently commenced a 30-hole, 3,000m drill program at their Goldie Project near Thunder Bay. The Goldie Project has several key highlights which could be reflected at Goldshore's Moss Lake project as they are both in very close proximity to each other.
- Adjacent to $DLTA.V’s Delta-1 Project, which has discovered high grades of gold reaching up to 11.9m of 14.8 g/t gold and an interval of 31.0 metres of 5.92 g/t gold.
- Observations suggest that Delta’s mineralized zone is defined over a strike length of nearly 1 km and a vertical depth of approximately 220 metres which is expected to be reflected at the Goldie Project.
- For those who aren’t familiar, the property is located on the Shebandowan Greenstone Belt and covers a 5.6 km of strike on the Shebandowan Structural Zone, which also hosts the low-grade high-tonnage Moss Lake gold deposit owned by Goldshore.
- Moss Lake is Goldshore's flagship project, and with it being in such close proximity to the Goldie Project, we should see some of the results from this project be reflected in Moss Lake.
https://ca.finance.yahoo.com/news/mistango-now-drilling-goldie-project-110000369.html
Now with gold prices finally beginning to recover, sitting at the $1800 USD levels, Moss Lake’s high-tonnage is becoming a far more attractive play. And with rate hikes finally beginning to slow down, we should see commodities start to receive an increased level of investment. Additionally, with the recently announced $5M public offering, there’s a lot to look out for as the company continues to pursue exploration now that they’ll have additional capital to do so.
Goldshore has one of the most consistent news updates, and it’s refreshing to get these updates compared to competitors who only release once or twice a month. Definitely one to watch especially considering the current $34M market cap, future exploration catalysts, and improving macro environment.