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Goldshore Resources Inc. (CVE:GSHR) (OTCMKTS:SMDXD) Stock Moves In a Narrow Range After The News

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Goldshore Resources Inc. (CVE:GSHR) (OTCMKTS:SMDXD) stock is witnessing mild gains in the opening session on Tuesday on moderate volume.

Market Reaction:

As of 12:04, GSHR stock moved up 1% to C$0.90 with more than 946k shares, compared to  its average volume of 493k shares. The stock has moved within a range of $0.8900 – 0.9200 after opening the trade at $0.89.

Major Trigger:

Goldshore Resources Receives Exploration Permit to Commence Drilling on the Moss Lake Gold Project

  • GSHR announced that it has received its exploration permit from the Ministry of Energy, Northern Development and Mines, allowing the Company to commence its drilling activities at the Moss Lake Gold Project.
  • Brett Richards, President and Chief Executive Officer commented: “I am pleased to have received our exploration permit as it is one of the first milestones we have set for the Company, and allows us to commence our planned 100,000 m drill program as part of a larger exploration strategy that will last close to 24 months.”
  • Goldshore is an emerging junior gold development company, and owns the Moss Lake Gold Project located in Ontario. Wesdome Gold Mines Ltd. is currently a strategic shareholder of Goldshore with an approximate 30% equity position in the Company. Well-financed and supported by an industry-leading management group, board of directors and advisory board, Goldshore is positioned to advance the Moss Lake Gold Project through the next stages of exploration.

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