Goldshore Resources Inc Stock Price, News & Analysis

Goldshore Resources has announced the repurchase of a 1% Net Smelter Return (NSR) from Wesdome Gold Mines for $7.5M on the Moss Gold Project in Ontario. The purchase includes a $5.5M cash payment and 3.33M shares at $0.60/share. The company completed a 15,000m drilling program in Q1 2025, followed by a 5,000m expansion, with significant gold intercepts including 124.35m of 1.65 g/t Au and new mineralized zones discovered. Notable developments include signing an Impact Benefit Agreement Term Sheet with Lac des Mille Lacs First Nation and completing final milestone payments to Wesdome. Additionally, Goldshore agreed to repurchase 1.5% of a 2.5% net profit interest in the project.

Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) has signed an Impact Benefit Agreement (IBA) Term Sheet with Lac des Mille Lacs First Nation for the Moss Gold Project in Ontario, Canada. The agreement marks a crucial step towards negotiating a full IBA, building upon their Early Exploration Agreement from June 2022.

The Term Sheet outlines key collaboration areas including regulatory and environmental engagement, employment opportunities for First Nation members, and project consent. Both parties aim to conclude IBA negotiations within 12 months, demonstrating their commitment to ensuring long-term community benefits and sustainable project development.

Goldshore Resources (GSHRF) has announced positive results from its 20,000-meter drill program at the Superion target of the Moss Gold Project in Northwest Ontario. The company reported significant high-grade gold intercepts, including 9.45m of 6.02 g/t Au from 186.0m in MQD-25-175 and 13.0m of 2.30 g/t Au from 117.0m in MQD-25-176. The drilling has expanded the strike length of the new zone to over 100 meters, which remains open in all directions. The Superion zone has emerged as a high-grade, near-surface mineralized zone on the northern margin of the conceptual open pit. Multiple parallel shears have been intersected, with mineralization showing potential for significant expansion through further drilling. The company has completed its planned program with an additional 18 drill holes to be reported in the coming weeks.

Goldshore Resources (GSHRF) has announced positive results from its ongoing 20,000-meter drill program at the Moss Gold Project in Northwest Ontario. The latest assay results from the QES Up program revealed significant near-surface mineralization, with hole MQD-25-160 yielding notable intercepts including 25.0m of 1.10 g/t Au from 107.2m, including 7.65m of 2.62 g/t Au. Additional drill holes confirmed near-surface extensions of deeper marginal shears, with MQD-25-151 intersecting 19.75m of 0.45 g/t Au and MQD-25-152 yielding 6.0m of 1.34 g/t Au. These results are particularly significant as they allow Goldshore to model mineralized shears toward the surface in previously undrilled areas that were modeled as waste, potentially enhancing the deposit's economic potential within the current conceptual open pit.

Goldshore Resources has announced new assay results from its ongoing 20,000-meter drill program at the Moss Gold Project in Northwest Ontario. The highlight includes the highest grade-thickness intersection ever reported by the company, with drill hole MQD-25-171 yielding 124.35m of 1.65 g/t Au, including 47.0m of 3.08 g/t Au.

Key drilling results include:

• MQD-25-171: 124.35m at 1.65 g/t Au from 295.0m
• MQD-25-170: 77.5m at 0.54 g/t Au from 203.5m

The drilling campaign targeted the QES Zone and its northern extension (QES Up), confirming the presence of shallow-plunging, higher-grade gold mineralization within core shears. The results demonstrate potential for additional plunging shoots and exceeded grade expectations based on the current Mineral Resource Estimate.

Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) has announced new assay results from its ongoing 20,000-meter drill program at the Moss Gold Project in Northwest Ontario. The company has discovered additional mineralization between the Southwest and Main Zones, specifically in the Golden Gate area.

Key findings include:

• Two drill holes revealed new high-grade mineralization with a combined true width mineralized corridor of 75m connecting the two zones
• Notable intercepts include 12.9m of 2.64 g/t Au from 243.4m in MMD-25-165, including 4.4m of 6.59 g/t Au
• MMD-25-166 showed intercepts of 2.0m of 2.81 g/t Au and 5.4m of 1.59 g/t Au
• Two additional holes testing the surface extension of deep mineralized shear zones in the Main zone successfully identified their continuation

The winter drill program has been expanded by 5,000 meters to deepen the Southwest conceptual open pit and close the gap between the Southwest and Main pits.

Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) has announced a 5,000-meter expansion of its winter diamond drilling program at the Moss Gold Project in Ontario, bringing the total program to 20,000 meters. The expansion comes as the current program nears completion under budget.

The additional drilling will focus on two main objectives: expanding the resource at the southwest portion of the deposit by drilling beneath the current conceptual open pit, and closing the gap between the Southwest and Moss Main pits. Recent results from drill hole MMD-24-139 showed promising intersections of 20.55m at 2.58 g/t Au, including 14.7m at 3.52 g/t Au from 458.15m depth.

The company believes this expanded program could significantly enhance the current Mineral Resource Estimate while positively impacting the project's economic performance.

Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) has expanded its environmental data collection efforts at the 100%-owned Moss Gold Project in Ontario, Canada. The company has initiated several key programs:

- Extended surface water flow and quality sampling network (ongoing since mid-2021)
- Started water bore drilling in the proposed open pit area
- Completed seismic geophysics survey with 3D model delivery expected in Q2 2025
- Expanded aquatic and terrestrial biology studies to be completed by 2026
- Commenced environmental geochemical characterization of waste and mineralized rock
- Planning Stage 2 archaeological field studies with Indigenous communities for Q2/Q3 2025

CEO Michael Henrichsen emphasized the company's commitment to responsible development while acknowledging the growing political support for streamlined regulatory processes in resource development.

Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) has announced new assay results from its ongoing 15,000-meter drill program at the Southwest Zone of the Moss Gold Project in Northwest Ontario. The drilling campaign has revealed significant shallow mineralization, with notable intercepts including:

- 25.89m of 1.15 g/t Au from 84.91m depth, including 3.17m of 6.8 g/t Au
- 25.0m of 0.68 g/t Au from 133m
- 8.0m of 2.53 g/t Au from 125m, including 4.2m of 4.57 g/t Au

The program has successfully brought mineralized shears toward the surface, effectively converting waste to ore. Additionally, mineralization has been extended beneath the conceptual open pit, suggesting potential for significant resource growth. The company has also discovered a new mineralized exhalative horizon with elevated gold and copper values, including 14.0m of 0.62 g/t Au and 0.41% Cu.