Goldshore Resources Inc V.GSHR

GSHR up after sharing test work results from Moss Gold Proj.

[StockHawk1]

Goldshore Resources Inc. (GSHR.v GSHRF) is seeing movement today after it released preliminary results from its PEA-level metallurgical test work at its Moss Gold Project in Northwest Ontario, Canada. 

 

The results showed increased gold recoveries from a flotation-regrind-leach process, with recoveries of 93% at Moss and 98% at East Coldstream, an 8% to 13% increase from previous test work. 

 

The testing also showed positive results for a low recovery heap leach solution for low-grade mineralization.

 

The test results will enhance the economics of GSHR's new Mineral Resource Estimate, which is expected to be released in the near future, and its new Preliminary Economic Assessment, which will begin shortly after the MRE

 

Full news here: https://goldshoreresources.com/goldshore-announces-preliminary-metallurgy-results-for-the-moss-gold-project/

 

 

 

[Kaisercal]

Any sp predictions for next week after the MRE comes out on Monday? 

[Tobr01]

What tells you the MRE comes out on Monday?

[514Investor]

https://youtu.be/GlLK47JPFMQ this video is of Brett discussing GSHR. As of 4:55 mark he mentions MRE is due 1st week of may. 

[habsguy]

Sounds like Monday......

[514Investor]

Furthermore, here is some napkin math. Context: As of market close on the posting date of that video ( april 5th), the price was 0.175$cad. And as per CEO Brett Richards, the valuation per ounce was at about 6$ cad/oz. ( As per the video at 7:50, market cap of 28.5 million $ divided by 4,170,000 oz equals 6.83$/oz.) Now here is where it gets interesting... As of market close friday may 5th

[Kaisercal]

Here's a very informative read on valuations and looks like current environment gold in ground average is around $63 per ounce but quality of project could get much higher depending on jurisdictions geographic area etc.  https://aheadoftheherd.com/getchell-gold-a-case-study-of-gold-in-the-ground-richard-mills/

[514Investor]

Very interesting indeed

[Kaisercal]

The ceo has announced previously that MRE was due out last Thursday but has been delayed and they are finishing it up this weekend and it will be released on Monday now! This is going to be much bigger by the sounds of it and the story of this discovery is still not known by the majority but after Mondays news release I believe that will change quickly. With rising gold prices and stronger metals