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Road to Tier-One Status: Exciting New Drill Results

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Wed, May 11, 2022 at 1:30 PMendedReplay
Road to Tier-One Status: Exciting New Drill Results

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Meeting Overview The meeting featured an update from Brett Richards, CEO of Goldshore Resources, focusing on recent drill results and the company's ongoing exploration efforts at Moss Lake. The discussion included insights into the geological findings, future drilling plans, and the current market conditions affecting gold prices. Key Discussion Points - Recent drill results included 128 meters grading over 1.1 grams, with notable high-grade intervals. - Discovery of a high-grade parallel structure beneath the existing deposit, potentially increasing the size of the resource. - Plans to ramp up drilling operations from 7 to 10 rigs by summer. - Upcoming press releases expected every three weeks detailing further drill results. - Discussion on the current gold market, inflation rates, and their impact on mining operations and share prices. - Infrastructure advantages at Moss Lake, including proximity to power sources and transportation routes. Decisions Made - No explicit decisions r...

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[Speaker identities could not be resolved; generic labels used] [00:08] Speaker 1: Hello everyone and welcome to Goldshore Resources Live Summit today hosted by 6. We're joined today by Brett Richards, Goldshore's CEO and Director. [00:16] Speaker 1: Brett's going to take us through a company update and then we will be accepting questions live. So as a reminder, feel free to submit questions at any time using the Q&A panel on the right-hand side of the screen. We'll try to get to them after the presentation portion. [00:28] Speaker 1: And as always, this is being recorded and available to watch afterwards on SIX.com. [00:33] Speaker 1: So, without any further ado, I'll hand it over to you, Brett, to kick it off. [00:38] Speaker 2: Yeah, thanks, Dasha, and thanks everyone for joining today. [00:41] Speaker 2: Today's update is going to be [00:44] Speaker 2: relatively simple, relatively short. I want to talk about the drill results [00:48] Speaker 2: we recently put out [00:51] Speaker 2: and just give you a bit of an update on how things are going on site [00:54] Speaker 2: and and where to from here. So [00:57] Speaker 2: I will [00:59] Speaker 2: just I'll just refer to the the the pressure release we put out last week. We drilled 128 [01:07] Speaker 2: meters, [01:08] Speaker 2: grading just over 1.1 grams [01:14] Speaker 2: in the latest hole that we put out, 14. [01:17] Speaker 2: And I think this is [01:20] Speaker 2: an example of kind of what more is to come. [01:24] Speaker 2: You know, there was a bit of high grade, higher grade within the hole, 40.6 meters at 2 grams and 3.6 meters at 1.8 grams. [01:32] Speaker 2: And I think this is consistent from what we've been saying all along. It's consistent from where we, [01:39] Speaker 2: you know, where we [01:4...