- Goldshore Resources (GSHRF, Financial) repurchased a 1% NSR from Wesdome Gold Mines for $7.5 million.
- The company completed a 20,000-meter drilling program revealing significant gold intercepts.
- Goldshore signed an Impact Benefit Agreement Term Sheet with Lac des Mille Lacs First Nation.
Goldshore Resources Inc. (GSHRF) has announced the acquisition of a 1% Net Smelter Return (NSR) on the Moss Gold Project from Wesdome Gold Mines in Ontario for $7.5 million. The transaction involves a cash payment of $5.5 million and the issuance of 3.33 million shares priced at $0.60 each. This strategic move aims at consolidating project ownership and enhancing value for stakeholders.
In Q1 2025, Goldshore completed a 15,000-meter diamond drilling program, followed by a 5,000-meter expansion. The exploration yielded significant gold findings, including 124.35 meters at 1.65 g/t Au and a new mineralized zone with intercepts reaching 22.2 g/t Au. These results have the potential to significantly impact future economic assessments of the Moss Gold Project.
Further strengthening its community relations, Goldshore signed an Impact Benefit Agreement Term Sheet with the Lac des Mille Lacs First Nation. This agreement underscores the company's commitment to ensuring the Moss Gold Project delivers enduring benefits to local communities.
Additionally, the company has agreed to repurchase a 1.5% portion of a 2.5% net profit interest in the Moss Gold Project. This strategic acquisition is part of Goldshore’s ongoing efforts to maximize project returns and enhance shareholder value.
