54/97
  • Pages
  • Editions
01 Cover
02 Welcome Letter / Sections
03 Article & Interview Directory
04 Section 1: Introduction
05 Introduction to Mining in Ontario
06 Government of Ontario Interview
07 Ontario Mining Association (OMA) Interview
08 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Interview
09 Navigating Uncertainty
10 Ormston List Frawley LLP Interview
11 PDAC Interview
12 Section 2: Production and Development in Ontario
13 Production in Ontario
14 Map of Ontario Mines
15 Newmont Interview
16 Barrick Gold Interview
17 Wesdome Gold Mines Interview
18 Alamos Gold Interview
19 Evolution Mining Interview
20 A New Wave of Ontario Gold Mines
21 Argonaut Gold Interview
22 Equinox Gold Interview
23 Industry Thoughts: Production and Development in Ontario
24 Section 3: Mining Finance
25 Mining Finance and Investment
26 Insights from the Toronto Stock Exchange
27 PearTree Securities Interview
28 Triple Flag Interview
29 Red Cloud Securities Interview
30 IBK Capital Interview
31 Stifel Interview
32 Roth Canada Interview
33 Industry Thoughts: Mining Finance Trends
34 Section 4: Toronto's Global Reach
35 Toronto’s Global Reach
36 Toronto's Global Reach Map
37 Rupert Resources Interview
38 Eloro Resources Interview
39 Industry Thoughts: Global Operations Based in Ontario
40 Eyes on Latin America
41 Torex Gold Resources Interview
42 Minera Alamos Interview
43 Sable Resources Interview
44 Section 5: Junior Exploration
45 Junior Exploration
46 Great Bear Resources Interview
47 Exploring Across Canada
48 O3 Mining Interview
49 Purepoint Uranium Group Interview
50 ALX Resources Interview
51 Industry Thoughts: Gold Juniors Have Their Say
52 Gold Juniors Replacing Depleting Resources
53 Moneta Gold Interview
54 Goldshore Resources Interview
55 Galleon Gold Interview
56 Element79 Gold Interview
57 Signature Resources Interview
58 Section 6: ESG and the Battery Materials Supply Chain
59 Transition Metals on the Rise
60 Conquest Resources Interview
61 Generation Mining Interview
62 Inventus Mining Interview
63 Noble Mineral Exploration Interview
64 The Move to Combat Climate Change Gathers Pace
65 Insights from Onyen Corporation
66 Thorn Associates Interview
67 Leading the Charge
68 Electra Battery Materials Interview
69 Frontier Lithium Interview
70 Industry Thoughts: Entering The Transition Economy
71 The Battery Material Supply Chain
72 ION Energy Interview
73 Clean Air Metals Interview
74 Section 7: Services, Technology and Innovation
75 Engineering, Construction & Consultancies
76 Ausenco Interview
77 Cementation Americas Interview
78 PCL Construction Interview
79 Redpath Mining Interview
80 Technological Advancements & Innovation
81 Industry Thoughts: Canadian Associations
82 EY Interview
83 Maestro Digital Mine Interview
84 Centric Mining Systems Interview
85 Industry Thoughts: OEMs Have Their Say
86 Drone Delivery Canada Interview
87 Sofvie Interview
88 Novamera Interview
89 Industry Thoughts: Paving the Way for ESG Reporting
90 Section 8: Company Profiles
91 Wesdome Company Profile
92 ION Energy Company Profile
93 PearTree Securities Company Profile
94 Ormston List Frawley Company Profile
95 Maestro Digital Mine Company Profile
96 Sofvie Company Profile
97 Credits

Brett Richards, CEO,

GOLDSHORE RESOURCES

"Goldshore Resources will conduct exploration activities to develop the project to a stage where a major will buy the project to build a mine."

Can you highlight some milestones Goldshore Resources has achieved over the past 18 months?

With a belief that the gold trajectory was going to remain positive, we were looking for gold projects that were economic at approximately US$1,600 to US$1,800 gold price. We got wind of the Moss Lake project and concluded a transaction on January 26, 2021. We did pre-transaction funding to support the transaction, and were also able to obtain C$25 million Sudbury seed financing of which C$15 million was hard dollars and C$10 million was flow-through receipts into Sierra Madre. We were doing a reverse takeover on Goldshore into Sierra Madre and changed the name to Goldshore Resources. Everything was submitted to the TXS for approval, and we were admitted for trading on June 4, 2021. The company is currently trading on the TXSV under GSHR, on the OTC pink for the next few weeks under GSHRF where we are hoping to be approved for the OTCQB, and the Frankfurt Stock Exchange.

How much funding does Goldshore Resources have to take the Moss Lake project forward?

The Moss Lake project is an under drilled project in Ontario with significant upside resource potential. In July 2021, the company commenced with a 100,000 m drill program and additional exploration activities to further develop it. The company currently has approximately C$11 million in the bank, which will take us forward for about 10 months at concurrent levels. We are currently running two rigs and are planning to ramp up to four rigs by November 2021. We need a really cold winter to get on top of the lake, and if it is not the case, we will drill other targets. Goldshore Resources will conduct exploration activities to develop the project to a stage where a major will buy the project to build a mine. We thus decided to run geophysical airborne VTEM/mag surveys over the entire land package, conducted by Geotech in March/April 2021, and hired TechnoImaging alongside Geotech to do the interpretation.

How well connected is the Moss Lake project in terms of infrastructure and community relations?

The base of our operations is already established at Kashabowie, just 1 km off Highway 11. The project has access to grid power, telecommunications, water and other utilities that will facilitate all-year operations. Thunder Bay is only 130 km away from our site. We have completed construction of an on-site core shack and office, enabling core processing at a rate of 400 m per day. It is important to listen to host communities and really understand what they want. Goldshore Resources has a dedicated community engagement team to foster longstanding supportive relationships and we have open and ongoing communication with the communities, including the Lac des Mille Lacs, Fort William, and Metis First Nations, in our efforts to de-risk the project. We also support the local communities through focusing on prioritizing local businesses and their affiliates, and our logistics team is fully comprised of indigenous community members.

What is your opinion about electrification and the speed of adoption within the mining industry?

The mining industry has been fundamental for more than 100 years and a significant amount of technological advancements have been made to improve efficiencies. The use of oil for power is not sustainable and there is currently a great move towards renewable power generation and electrification in mines. Some mines are still fundamentally stuck on old values and do not want to rock the boat, and in some cases the capital costs of moving to renewables is a little prohibitive. Companies that place emphasis on sustainability are now already thinking how they can implement technologies that are more environmentally friendly, and which contribute to a carbon neutral future. Mining houses need to start taking action and look at alternative power sources to reach a zero carbon footprint goal.

Next:

Interview: Galleon Gold