Source: Streetwise Reports 04/19/2023

Goldshore Resources Inc. finds high-grade sub-vertical deposits and expects a significant value increase.

Goldshore Resources Inc. (OTCQB:GSHRF) is anticipating a number of forward-looking milestones that it expects will increase the company's value. The company is expecting a re-evaluation of the Moss Lake project that should reveal substantial deposits of high-grade gold and has recently completed a project to bring European investors on board.

Goldshore is a Canadian-based junior mining company, and its flagship project is the Moss Lake gold project in Ontario. Brett Richards is the CEO, and Peter Flindell is the Vice President of Exploration. Marlis Yassin is the CFO.

Potential for a Significant Increase in Value

According to Brett Richards, CEO, the highlight of Goldshore is the company's investment thesis: Goldshore is currently the lowest-valued junior gold trading company, with the most potential for value increases.

Richards said, "The value of our company is five dollars. We're going to increase the resource by 50%, and we're going to put a project around that . . . all of these metrics point to a company that should be five times where we are today and grow to ten times in another year." Goldshore expects to find a path of continual share price appreciation as it expands the Moss Lake project.

Reuters predicted, based on last week's economic data, that the economy is likely to run into a slowdown, which, based on previous trends, may once again drive investors toward gold as a safe haven investment.

Subvertical deposits have been found throughout the Moss Lake project, containing an estimated 6 million ounces of high-grade gold. Over half of this is expected to register at 2 g/t gold.

This would make the Moss Lake project the highest-grade open pit deposit in Canada. Goldshore is anticipating an updated mineral resource estimate that is set to come out later this month.

Goldshore just recently finished a round of fundraising in Europe. When asked why he chose to reach out to investors in places like London, Brett Richards said that he wanted to find a market where shares were tightly held: "They won't sell until you sell."

Why Gold?

Gold is still hovering at about US$2,000 and has recovered from last Friday's sell-off. According to Jim Wyckoff of Kitco, "Friday's downside price action in gold and silver are so far just normal downside corrections in uptrends that remain strong."

This coincides with uncertainty in the United States' economy, said Nadine McGrath of Stockhead. At the close of last week, gold was slowly climbing toward the record price of US$2,075.47, which was set in August 2020 during economic uncertainty brought on by the COVID-19 pandemic.

Reuters predicted, based on last week's economic data, that the economy is likely to run into a slowdown, which, based on previous trends, may once again drive investors toward gold as a safe haven investment.

The Future of Goldshore

Aside from the catalysts mentioned above, there are a number of factors that make Goldshore attractive.

According to Clive Maund, "Goldshore Resources Inc.'s fundamentals are positive, which of course increases the chances of improvement in the stock price soon."

According to Clive Maund, "Goldshore Resources Inc.'s fundamentals are positive, which of course increases the chances of improvement in the stock price soon. . . being still very close to the second low of a large-ish double bottom at a time when the sector is really coming to life, the company is viewed as being a very attractively priced junior here. It is rated an immediate Strong Speculative Buy."

Goldshore expects 40,000m of drilling in 2023, and it will put out press releases on its progress every three to four weeks. An MRE will come out in April of 2023. A PEA will come out in H1 of 2023, and it will be focused on the at-surface high-grade shear domain material. A tertiary MRE will come out at the end of 2023, which will cover all drilling done that year and all historical drilling that can be brought into the resource model. [OWNERSHIP_CHART-10614]

Goldshore has also maintained its social license with the First Nations communities around it. While it sponsored some individuals to go to university, it has also invited members of the community to take part in training to become mining professionals.

Ownership and Share Structure

Management, directors, and insiders own about 17 million shares, or 11%. Galen Stuart Mcnamara owns 2.44%, Brett Allan Richards owns 2.09%, Victor Cantore owns 1.17%, and Shawn Khunkhun owns 0.54%

In regard to institutions, Sprott owns 7.35%, Commodity Capital AG owns 2.75%, U.S. Global Investors, Inc., owns 0.60%, Middlefield Capital Corporation owns 0.39%, and other institutions own 10 million shares combined. Wesdome holds 22.89% of the company's shares as a result of the acquisition of the Moss Lake project.

Goldshore has a market cap of CA$40 million as of December 27, 2022. There are 165 million shares, 5 million broker warrants, and options that represent 8% of the company's I/O. They trade in the 52-week period between 0.16 and 0.55.

Goldshore reports that it has CA$7 million in the bank, with a monthly burn rate of CA$1.2 million and a monthly drilling cost of CA$1.1 million.

Disclosure:
1) Amanda Duvall wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 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. Her company has a financial relationship with the following companies referred to in this article: none.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Goldshore Resources Inc. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with none. Please click here for more information. An affiliate of Streetwise Reports is conducting a digital media marketing campaign for this article on behalf of none. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) The 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 the 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.

4) 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.

(TSXV:GSHR, OTCQB:GSHRF, FWB: 8X00, ))

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