Goldshore Resources – Exploration Update And Discovery Of New Parallel Zone At Moss Lake
Brett Richards, President and CEO of Goldshore Resources (TSX.V:GSHR – OTCQB:GSHRF) joins us to unpack the recent exploration results from the ongoing 100,000 meter drill program at Moss Lake Gold Project in Ontario. We start off by reviewing the long intercept headline hole which returned 128.3m at 1.05 g/t Au from 121.3m, including 40.6m at 1.99 g/t Au from 139.4m. In addition, we discussed the discovery of a new parallel zone that intersected 16.0m at 5.31 g/t Au from 477.0m, including 5.25m at 15.8 g/t Au from 477.75m. We also discuss the potential for growth at other regional satellite areas of of eology near the prior producing North Coldstream Mine, at the East Coldstream, North Coldstream, Iris Lake, and Hamlin Lake targets.
Brett feels these kinds of results point to the continuity of the deposit with many long intercepts from 50 to 130 meters and an average grade over 1 g/t gold at Moss Lake. We get Brett to unpack why these are very economic grades in a project with roughly 4 million ounces of gold in all categories, and how this is the kind of a project that larger mining companies want to see; and what the company strategy is for development and the potential shopping of the project to larger producers once the resource estimate is updated in January of 2023, and a the Preliminary Economic Assessment is put out by the end of Q1 next year.
Please email us with any follow up questions for Brett regarding Goldshore Resources. Our email addresses are Fleck@kereprot.com and Shad@kereport.com.
Click here to read over the new releases highlighting the drill results we discussed.
I suggest anyone invested in resource stocks read this sobering missive from none other than Bob Moriarty. I have been through a few crashes and they can do a lot to alter your psyche. I am mostly out and have been since Thursday and Friday last week. DT 👀
http://www.321gold.com/editorials/moriarty/moriarty051022.html
DT – Thanks for sharing that cautionary note from Bob M.
This embedded image included is particularly concerning if we see that 2008 pattern play out again:
http://www.321gold.com/editorials/moriarty/moriarty051022/1.jpg
wow…makes it all very real…no game here, like some call it…thanks for post DT
No big Deal…………. 🙂
GOTS
There are a lot of newsletter writers and stock guru’s out there, but be very careful about listening to any of them as Bob M say’s, most of them are up to their neck in unsold securities and they are unlikely to say anything that will upset the markets especially at this point in time. DT😎
big bounce zone if not final low is 30 to 28.20…day chart…clear clear clear targets…technicals do matter….
this ABC down came thru the B point with 35 vs. 29 volume…that is confirmed then w volume characteristics….nothing is unusual at all…no melt down no panic….the several gaps down where not on exaggerated volumes just shy of buyers….
this will pass, soon…most perfect ABC down, swing retest ever…pic perf…glta
Larry see your back to the early feb. beginning of latest .pop up with gdx. No hurry for anything in here.
Jonsyl…finally the RSI914) has gotten oversold…on day gdx….now we wait for divergences of lower price w stronger RSI…..smaller candles and best a reversal bar on vol…bingo….inflation is a bitch…..never marry her…lmao
Larry, never marry any kind of bitch. Problem is how do you know.
Anyway, I’m no hero, actual been called a chicken shit with a very profilic poster here. As indicated by your gdx charting, the selling not done unless remarkable inflation news coming out tomorrow / thurs. Which is a conunbrum story for gold. If to the upside should normally be good for gold sector, however greater inflation reading will cause greater fed fear and rising rates which would crater the general markets and take gold down with it.
Something to be said about just watching as you accrue a benefit from drip drip down providing you have the capital. Boring thing to do however.
jonsyl it is all good…trading brings out the competitive fires no doubt…technicals work because if the market does the wrong thing, you get out..lmao
gld day …close to meaningful support of the two ABC down …larger and smaller cross in narrow price band…….https://tos.mx/tugecpmband at 100%…
AXU is now more than 50% below its 200 WMA. Not exactly characteristic of a raging bull.
Gold and The Dow were both up this morning, now they are both down. This is Loonie Tuesday, Interesting! DT🤦♀️
Suppose to be turnaround Tuesday, not a loonie Tuesday. Speaking of which, fxc making continued annual lows vs dxy in spite of repeated claims of the opposite. Something wrong when the cdn currency goes down on positve commodity boom and energy in particular. Yes, once again an abberation that will correct itself sometime in the future just keep betting on it.
SLV’s lower weekly BB is at $19.72 currently and is now bending down. SLV is guaranteed to hit that level soon. Does anyone see silver reversing soon or decoupling from the stock market, because I sure don’t.
How much follow through to the downside we get is anyone’s guess. The next level of support is the rising 200 WMA at $18.81, which I will be extremely surprised if we don’t hit in the next week or two.
The endgame has all been predicted by everyone here, but who would have guessed that SIL would still be at its 2012 price today after everything that has transpired since then? Or that silver would give back essentially 100% of its gains vs the Nasdaq over the last 10 years, despite everything that has transpired since 2012. Oh well.
Clearly, when Powell finally pivots, silver should shoot to the moon. But who knows what level it will be at, or better yet, what level the silver mining stocks will be at.
/SI just went full RSI oversold….hope for a divergence on the next smaller bars down….getting close to at least a tradable bounce as they say…glta…some CPI report tomorrow…could it be the trigger?…fits w technicals that give no for warning and provokes sudden buying spree…lmao…what’s a mother to do?
GDX:SIL is on the cusp of breaking out of a massive cup and handle formation formed by the peaks in 2010 and 2020. The chart is extremely overbought, but when has that ever stopped anything in this sector.
Bob M is probably shorting all the resources. He pumps as much as any, IMO
When the markets turn for the worst, very few investors sell in time preferring to think that the time to buy is after a correction, that is true 90% of the time. But if the buyers don’t come back to support the market and The Federal Reserve doesn’t back you up, and you have a large portfolio you are screwed. The market is very cruel. DT