Categories: Precious Metals
Topics: General Precious Metals

Goldshore Resources (TSX-V: GSHR)(OTC: GSHRF) CEO Brett Richards on Hitting High Grade Zones in Ontario & Setting Up For 2022

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the president and CEO of Goldshore Resources, Mr. Brett Richards. Brett, how are you today?

Brett Richards: I'm great, Gerardo how you doing?

Gerardo Del Real: I'm well, thank you for asking. You are busy. You are ramping up your monthly meterage to 10,000 meters here soon. You're preparing for a PEA next year. And you just hit 117.12 meters of 1.26 grams per tonne gold, from pretty much near surface, from 1.1 meters in hole 21004. A lot going on. It appears this deposit is a lot wider than the model from 2013. I would love for you to provide the context of the latest results here.

Brett Richards: Yeah, and thanks Gerardo, I think a lot of things we've been saying all along is that our belief was this and our belief was that. We really did feel that this deposit was underdrilled at depth, along strike, and laterally. And so when we took the first few holes, we let them run, and we wanted to see the mineralization at depth. This is mineralized down over 700 meters. And not that we'll hang a pitch shell that deep at this stage, but it really does illustrate that this deposit is much larger than first thought. And then second set of results we had, at surface mineralization, as you noted. And again, substantial intercepts over 100 meters of well over a gram. And we've got mineralization outside of the existing resource, laterally, which will make this resource much wider. So yeah, lots going on and very excited about kind of early stage results, because they verify what we were already thinking.

Gerardo Del Real: And again, what you were already thinking is that this deposit is wider and larger than previously interpreted. You mentioned in the release that hole four extended the width and the depth of the mineralization by 38% and 56% respectively, as it relates to the 2013 model.

Brett Richards: Yeah, that's exactly right. I know these results are good. We're expecting more of the same as we continue on with our program. A lot of this is verifying what we already know in the existing resource, but so many new things are coming out, telling us answers to kind of the questions we had about the size and scale and potential of what this could be. And that's the exciting part. As we start to try and kind of frame a tier one asset, all these results are very, very important to us to be able to do that.

Gerardo Del Real: I mentioned that you're preparing for a PEA next year. You're also ramping up the drilling to I believe, 10,000 meters a month. Is that accurate?

Brett Richards: It is. I think I was clear with everybody in the market all along. We did have a couple of small hiccups along the way in getting started. We had the forest fires from the summertime, and we were shut down for a couple of weeks. And ramp up was impacted by that. But we're going strong now. We've got four rigs running. We're going to have our fifth rig running in a couple of weeks time. We've actually added a rig to the program in order to make up for the production. So we're going to be up to 10,000 meters a month real soon. Probably January we'll hit those numbers. But yeah, exciting times ahead.

Gerardo Del Real: We know it's December. We know that we're in the midst of a 13, 14, 15-month gold consolidation. It seems to be putting in a pretty solid base right near the $1,800 level. And if this is the floor, I suspect 2022 is going to be a blockbuster year for companies that have resources in place the way that you do. And frankly, you're positioning for 2022, really, really well. So enjoy the holidays. Anything else to add to that, Brett?

Brett Richards: No, thanks Gerardo. I just want to thank everyone for kind of staying tuned to your channel, and a big plug to the channel. I'm excited about kind of what we're going to see for 2022. You're right. Consolidation at this level of gold is great timing. And companies like ours, which have strong leverage to gold price movement, I think we're going to see a lot of activity next year. So looking forward to it and looking forward to get more results out early in the year,

Gerardo Del Real: Well said. Thank you, sir. We'll chat soon.

Brett Richards: Thanks, Gerardo. Take care.