Goldshore anticipates having drill permits in-hand within the coming few weeks with drilling slated to kickoff in July via one rig and then steadily ramping up to as many as seven rigs over the following six or so months.
At a projected 100,000 meters, this is a substantial drill program, really, for any junior company — and Goldshore Resources is well cashed-up to get the ball rolling having just raised C$25 million.
Initial drilling at Moss Lake will focus on validating and potentially improving upon an already robust ~4 million ounce historical resource via infill drilling followed by step-outs to demonstrate the project’s geologic potential across a wider set of targets.
It should be noted that drilling in this particular area of southeastern Canada — which includes the prolific Red Lake, Timmins, and Abitibi gold camps — typically occurs year-round with the jockeying of drill positions based on varying dry-land, frozen-tundra, and frozen-lake conditions through the various seasons.
And the Goldshore team — led by CEO Brett Richards — is more than up for the task. Over his 34-year career, Brett has built mines in some of the most challenging mining jurisdictions in the world including in Southeast Asia and in Africa. Thus, it’s probably an understatement to say Brett is thrilled to be back working in one of the safest, pro-mining jurisdictions on the planet — Ontario, Canada!
With Goldshore, Brett has put together a well-rounded team of mining professionals with deep industry experience and a strong track record of value creation, major discoveries, project execution, and M&A transactions.
In today’s environment of rising gold prices, Goldshore Resources has quickly elevated its profile as one-to-watch in the junior resource space as the drills get turning on an expansive, multi-year, multi-target program in a Tier-1 jurisdiction.