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Assays Validate Gold Mineralization at Canadian Property

Source: Barry Allan

January 3, 2023 (Investorideas.com Newswire) The company that owns this project offers investors significant potential return and is Speculative Buy rated, noted a Laurentian Bank Securities report.


Goldshore Resources Inc. (GSHR:TSX; GSHRF:OTC; 8X00:FSE) released results of two holes drilled at its Moss Lake project, and they are encouraging, reported Laurentian Bank Securities mining analyst Barry Allan in a Dec. 8 research note.

The "drill holes validate gold mineralization of greater than 1 gram per ton of gold (1 g/t Au), which has the potential to underpin a potential economic gold deposit," Allan wrote. "Moreover, it seems as [though] there are several higher-grade zones within large low-grade envelopes."

The British Columbia-based gold company offers investors significant potential return given its current share price is CA$0.57 per share, and Laurentian's target price on it is multiples of that, at CA$2 per share. Laurentian rates Goldshore Speculative Buy.

Based on the positive drill results, Goldshore added two drill rigs, so now four are active on the property, Allan relayed. A fifth is scheduled to be up and running also at Moss Lake by year-end.

"The addition of the active drills will allow Goldshore to reach their targeted meterage of 10,000 of drilling and allow them to test extensions to Moss Lake as suggested by their airborne geophysical survey analysis," Allan noted, adding the Canadian company is conducting this drill program for a preliminary economic assessment expected in 2023.

The new drill results from the Moss Lake property in Canada's northwestern Ontario are from holes MMD-21-004 and MMD-21-005. Highlights of MMD-21-004 included 1.38 g/t Au over about 74.8 meters (74.8m), 2.4 g/t Au over 17m, and 1.54 g/t Au over about 23.5m from 1.1m downhole, Allan reported.

The best results from MMD-21-005 were 0.57 g/t Au over 74.5m and 1.26 g/t Au over 16.5m.

"Goldshore continues to intersect mineralization laterally and at depth, significantly expanding the width and depth of previously defined mineralization as outlined in the 2013 grade model," Allan wrote.

Disclosures:

1) Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Goldshore Resources Inc. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Goldshore Resources Inc., a company mentioned in this article.

Disclosures For Laurentine Bank Securities, Goldshore Resources Inc., December 8, 2022

Laurentian Bank Securities Equity Research » is a trade name used by the Equity Research sector of Laurentian Bank Securities Inc. To access Laurentian Bank Securities' regulatory disclosures, please click or press on the hyperlink - http://www.vmbl.ca/portal/disclosure The information contained in this document is based on what we deem to be reliable sources, but no guarantee or promise, explicit or implicit, is given as to the accuracy and exhaustiveness of these sources. This report shall under no circumstances be considered an offer to buy or sell, or a request to buy and/or sell the stocks mentioned. Laurentian Bank Securities Inc. and its employees may not be held liable for any monetary losses stemming from the implementation of the recommendations contained in this document. Laurentian Bank Securities Inc. and/or its officers, directors, representatives, traders, analysts and members of their families may hold positions in the stocks mentioned in this document and may buy and/or sell these stocks on the market or otherwise. Stocks in foreign currency may be adversely affected by exchange rate fluctuations. Laurentian Bank Securities Inc. is a wholly-owned subsidiary of Laurentian Bank of Canada. The opinions, projections and estimates are those of the Economic and Financial Research department of Laurentian Bank Securities Inc. as at the date appearing on the cover page, and are subject to change without prior notice. Laurentian Bank Securities Inc. may, in exchange for remuneration, act as a financial advisor or tax consultant for, or participate in the financing of companies mentioned in this document.

This study may not be reproduced, in whole or in part, without the consent of Laurentian Bank Securities Inc. Member of the Investment Industry Regulatory Organization of Canada and of the Canadian Investor Protection Fund. The regulation of the securities market establishes requirements that analysts must follow when issuing research reports or making recommendations. These guidelines are included in the research dissemination policy of Laurentian Bank Securities, available at http://www.vmbl.ca/portal/research dissemination-policy.

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