The 2024 US presidential election showdown is heating up, but the real winner might just be gold.

With Trump and Harris battling for the Oval Office, the stage is set for a gold bull run like no other.

Typically, gold struggles to outperform around election time, but 2024 is breaking all the rules.

This year, gold has shattered records, soaring to an all-time high in August and boasting a stunning 29% gain year over year.¹

Source: TradingEconomics.com, August 13, 2024²

Goldman Sachs is predicting a jaw-dropping $2,700 per ounce by year-end, while Citi is eyeing an even more ambitious $3,000 target.³

So, what’s fueling this unprecedented surge?

The answer lies in a world teetering on the edge, where political polarization and escalating global tensions are sending investors toward the ultimate safe haven – gold.

Whether it’s the intense rivalry between Republicans and Democrats, the ongoing conflict between Russia and Ukraine, or the turmoil in the Middle East, uncertainty is the order of the day, and gold thrives in such chaos.⁴

With cooling inflation and anticipated Fed rate cuts, gold is primed to outperform.⁵

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This undervaluation presents a prime opportunity, with gold stocks poised for a market correction.⁶

Source: Mining.com, Mar. 1, 2024⁷

Gold mining stocks can be a strategic way to ride the gold bull run since they’re heavily discounted compared to today’s record-high gold prices,⁸ as seen in the chart below.

Source: TradingView.com⁹

That’s why Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF), with its impressive gold deposit in a tier 1 jurisdiction with pending catalysts, deserves to be on your radar (more on this company in a moment).

Why This Gold Bull Market is Different

Gold bull markets have been driven by a mix of factors in the past, but what makes this one extraordinary is the sheer number of forces converging all at once.

• • • Election & Inflation: The upcoming US election and the decline in inflation are creating a perfect storm for gold. Both candidates’ spending agendas threaten to weaken the dollar further, making gold a more attractive asset.
    • Erosion of US Dollar Dominance: Countries are accelerating de-dollarization efforts, with central banks like China, India, and Russia driving record gold purchases as they reduce reliance on the US dollar.¹⁰
    • Record Central Bank Buying: Central banks, led by nations such as China, India, and Russia, are on an unprecedented gold-buying spree, setting new records and driving prices higher.¹¹

      
      Source: Financial Times, April 26, 2024¹²

    • Struggle to Grow Reserves: Gold miners are facing a tough reality – growing reserves organically is becoming increasingly difficult due to a lack of new, large discoveries and depleting reserves at existing mines. This scarcity is making major discoveries and deposits incredibly valuable, igniting a wave of M&A activity in the gold sector.¹³

      
      Source: Forbes, Apr. 23, 2024¹⁴

    • Supply Constraints: Gold is grappling with a supply shortage, exacerbated by aging mines, a lack of new deposits, and geopolitical issues hampering production growth.¹⁵
    • Undervalued Positions: Gold mining stocks are currently undervalued, with the sector’s collective valuation not much bigger than that of a single US retailer like Home Depot.¹⁶

This presents a significant opportunity for Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) to outperform due to having an attractive story combined with a smaller market cap, so larger upside potential.

Major Gold Deposit, Growth Potential and the Backing to Execute

Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) is on the move.

Since 2021, the company has grown its Moss Gold Project’s resource to a current resource of 1.54M ounces Au Indicated at 1.23 g/t Au and 5.20M ounces Au Inferred at 1.11 g/t Au.¹⁷

Now Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) plans to expand the value of their flagship asset through 3 pillars for project advancement:

1. 1. Growth:
      • • Prolific Resource Growth exhibited since company inception
        • Targeting numerous targets immediately adjacent to the conceptual open pit in the top 200m from surface
        • Blue Sky potential for new discovery with 23 km of structural corridors to evaluate within 5km of the Moss Gold Deposit
   2. Economic Studies:
      • • G-Mining Services hired to conduct PEA+
        • Focus on maximizing internal rate of return (IRR)
        • Potential for phased production
        • Deliver Pre-Feasibility work program
   3. Permitting
      • • One-eighty consulting hired to lead external permitting team and advance ongoing community engagement and development of strategic permitting plan
        • Three years of environmental baseline data completed
        • Two exploration agreements signed with First Nations (2022)

Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) has the depth of leadership needed to execute…especially since the Q1 2024 addition of CEO Michael Henrichsen, the former global head of structural geology for the world’s largest gold company (Newmont), where he was involved with multiple discoveries and the extension of existing gold deposits.¹⁸

Additionally, Goldshore Resources benefits from the expertise of VP Exploration Peter Flindell, who also spent 12 years with Newmont and brings over 35 years of experience in mineral exploration and feasibility studies. The Moss Gold Project is Peter’s tenth development project globally. 

Together, Henrichsen and Flindell form an exceptional duo, combining their extensive experience to lead the discovery, development, and expansion of gold and copper mines across multiple continents.

There’s much more to watch for in the near- and mid-term as Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) continues to advance their Moss Gold Project.

Big Backers & Major Skin in the Game

In November 2023, SAF’s principals led a crucial $3.75 million financing round.²² They followed this up in May 2024 by participating in the acquisition of an additional 7% of GSHR in a private transaction,²³ and most recently, forming part of $4.9 million worth of warrant exercises in July 2024.²⁴ These actions underscore SAF’s continued commitment to funding Goldshore’s expansion and development.²⁵

Brian Paes-Braga has been involved in over $1 billion in growth equity financings and over $5 billion in market value creation across the mining and metals, energy, entertainment, consumer goods, and technology sectors.²⁶

Now, Brian and SAF have set their sights on Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF), making it their gold bet. With a track record of extraordinary success, his involvement signals massive potential for lucrative returns.

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Uncovering a Major Gold Deposit in a Tier 1 Jurisdiction

Goldshore Resources Inc.’s (TSXV:GSHR) (OTCQB:GSHRF) 100% owned Moss Gold Project clearly stands out in every category.

Location & Infrastructure:

• • • Safe and Prolific Tier-1 jurisdiction – Ontario is Canada’s top gold producing province and grew mine production by 38% in 2022²⁷
    • Outstanding infrastructure in place to support year-round exploration and a district-scale mining camp, with direct accessibility from the Trans-Canada Highway and associated power lines, supportive local communities and skilled workforce
    • Ontario hosts major gold assets in or near production
      

Advanced Stage Moss Gold Project:

• • • Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) has invested $60M+ and completed ~78,000 meters of drilling demonstrating a significant commitment to advancing their projects.
    • With over 235,000 meters of drilling completed on the Moss Project to date by all owners, the Company has a well drilled asset, laying the foundation for future growth and resource development.²⁸

Exceptional Resource Growth:

• • • Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) acquired the Moss Gold project, started drilling, and over the past several years have grown the resources at Moss to  1.54 million ounces Au Indicated at 1.23 g/t Au and 5.20 million ounces Au Inferred at 1.11 g/t Au²⁹

Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve. The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

Attention-Getting Drilling Highlights:

• • • One way experts assess gold deposits is by multiplying a drill hole intercept’s thickness (in meters) by its grade (in ounces gold per ton)
    • When grade x thickness exceeds 100 – as is the case with multiple Goldshore holes seen below – the experts pay attention because it’s a sign of a deposit’s potential to be economic
      

      Intersections calculated above at 0.3 g/t Au cut off with a top cut of 30 g/t Au and a maximum internal waste interval of 10 metres. Shaded intervals are intersections calculated above a 1.0 g/t Au cut off. Intervals in bold are those with a grade thickness factor exceeding 20 gram x metres / tonne gold. True widths are approximate and assume a subvertical body.

Preliminary Economic Assessment (PEA) Underway with G Mining Services:

• • • Started in July 2024, the PEA will further quantify the Project’s value proposition, provide a view of the project description to steer permitting plans for the project, and provide a clear path for advancing through pre feasibility and feasibility studies³⁰
    • The PEA will be completed by G Mining: G Mining, founded in 2006 by Louis Gignac, the 2016 Mining Hall of Fame inductee, under the management of Mathieu Gignac since 2016, is recognized as an industry leader providing mining consultancy services around the world with a reputation of delivering accurate, high-quality assessments.
      

When you put it all together, Goldshore Resources’ (TSXV:GSHR) (OTCQB:GSHRF) Moss Gold Project is one of only a few remaining major Canadian gold deposits positioned for fast-track development.

Ontario Gold Projects

As mentioned, Goldshore Resources’ (TSXV:GSHR) (OTCQB:GSHRF) Moss Gold Project is in a great mining jurisdiction:

• • • Agnico’s Detour Lake Canada’s largest gold mine with 19.9 million ounces in reserves  and substantial growth potential³¹
    • New Gold’s Rainy River is already in production and delivering solid returns.³²
    • IAMGOLD’s Cote Lake is on track for commercial production in Q3 2024 after its first gold pour in March.³³

Goldshore is perfectly positioned in this great mining jurisdiction, and the Moss Gold Project has already increased its resource to 1.54M ounces Au Indicated at 1.23 g/t Au and 5.20M ounces Inferred at 1.11 g/t Au. This kind of rapid growth is a clear signal of the continued upside potential.

And it gets even better:

The table below shows these and other major deposits in eastern Canada that have followed a similar development path. Notice how Goldshore Resources’ (TSXV:GSHR) (OTCQB:GSHRF) Moss Gold Project is comparable to these mines in terms of gold grade and potential scale of gold endowment.

Source: Goldshore Resources Investor Presentation³⁴

Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve. The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

Equinox recently paid C$995 million to buy out Orion’s 40% interest,³⁵ giving the project an in situ value of just under C$3.5 billion.

Construction on Greenstone started in Q4 2021, and by Q2 2024, they poured their first gold. Once in full production, Greenstone will be one of Canada’s largest open-pit mines, producing approximately 400,000 ounces of gold annually for the first five years of its nearly 15-year mine life. 

G Mining Services completed the 2021 feasibility study for Equinox’s Greenstone Gold Mine, which shares many similarities with the Moss Gold Project.

Adding to this wave of consolidation in the gold sector, Gold Fields made headlines with its August 2024 announcement of a C$2.16 billion acquisition of Osisko Mining, a deal at a 55% premium that highlights the high value placed on strategic gold assets in Tier 1 jurisdictions. Osisko’s Windfall Project, known for its size and high-grade deposits, was a prime target for Gold Fields, underscoring the continued appetite for large, high-quality gold projects.³⁶

In this hotbed of M&A activity, Goldshore is in the spotlight. With soaring gold prices and the Moss Project’s strategic location, a potential major re-rating is underway.

Expected Major Near-Term Growth Catalysts to Drive Success

Goldshore Resources’ (TSXV:GSHR) (OTCQB:GSHRF) upcoming growth levers:

• • • September 2024 > first lab results from recently completed drill program: The Company completed their summer drill program on schedule, under budget, and with an additional high priority drill hole. Now they’re expecting their first lab results in August.³⁷
    • Q1 2025 > PEA completed: As the company’s first economic study, this is a big milestone in quantifying the project’s value. Goldshore selected G Mining Services for their expertise, having completed the 2021 feasibility study for Equinox Gold’s Greenstone Mine.³⁸ G Mining’s regional experience and proven track record in large-scale gold projects, including in Brazil, make them the ideal partner to evaluate Moss Gold and validate its potential.

Other news to watch for could include ongoing expansion of the Moss Deposit through further drilling, generating new targets for another Moss-type discovery along the Property’s undrilled corridors, and advancing the Moss Gold Project’s resource towards a Prefeasibility Study (PFS).

Proven Management with Track Record of Value Creation

The Goldshore Resources (TSXV:GSHR) (OTCQB:GSHRF) team and board earned their depth of experience working for top mining companies.

Goldshore Resources (TSXV:GSHR) (OTCQB:GSHRF) has one of very few gold projects out there of this scale, grade, existing infrastructure, and growth potential, together with the team experience to efficiently move the process forward.

You’ll want to pay very close attention to Goldshore Resources (TSXV:GSHR) (OTCQB:GSHRF) and its upcoming news and updates by subscribing here.

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Disclaimer

Qualified Person

Peter Flindell, PGeo, MAusIMM, MAIG, Vice-President, Exploration, of the Company, and a qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.  Forward-looking statements in this news release include, among others, statements relating to expectations regarding the exploration and development of the Moss Gold Project; the timing and release of assay results; timing and release of a PEA; the expectation that the development of Goldshore will be successful; and other statements that are not historical facts.

Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that the exploration and development of the Moss Gold Project will be as expected by the Company’s management; the timing and release of assay results will be as expected by management; timing and release of a PEA will be as expected by management; the development of the Company will be successful.

These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important risks that may cause actual results to vary, include, without limitation, the risk that the exploration and development of the Moss Gold Project not be expected by the Company’s management or will be completed at all; the timing and release of assay results not be as expected by the Company’s management or will not be completed at all; timing and release of a PEA will not be as expected by the Company’s management or will not be completed at all; the development of the Company will not be successful.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

PAID ADVERTISEMENT. This communication is a paid advertisement for Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) (the “Company”) to enhance public awareness of the Company, its products, its industry and as a potential investment opportunity.  Native Ads Inc., and their owners, managers, employees, and assigns were paid by the Company to create, produce and distribute this advertisement.  This compensation should be viewed as a major conflict with Native Ads Inc.’s ability to be unbiased.

This communication is not intended as, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Company purport to provide a complete analysis of the Company or its financial position. The Company is not, and does not purport to be, a broker-dealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the Company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the profiled Company’s SEDAR+ and/or other government filings. Investing in securities is speculative and carries a high degree of risk.