Goldshore Adds Key Personnel to Support Project Advancement and Corporate Objectives
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Goldshore Adds Key Personnel to Support
Project Advancement and Corporate Objectives
VANCOUVER, B.C., December 2, 2024 : Goldshore Resources Inc. (TSXV: GSHR / OTC
Markets: GSHRF / FSE: 8X00) (“Goldshore” or the “ Company” or the “ Corporation”)
announces the appointment of David Stone to its Board of Directors (the “Board”), enhancing the
Company's technical capabilities with his comprehensive mining engineering background. In
parallel, the Company announces the retirement of Brandon Macdonald from the Board and would
like to thank him for his service and wish him well in his future endeavors. The Company further
announces the appointment of Sam Gibson as the Vice President of Corporate Development ,
adding significant depth and expertise to the Company's corporate development and capital
markets capabilities.
“I am pleased to welcome both David Stone to our Board of Directors and Sam Gibson as our
new VP of Corporate Development as we strengthen the technical and financial capabilities within
the Company”, said Michael Henrichsen, Goldshore CEO. “David’s mining engineering skill set is
a key addition to our Board and his guidance will be invaluable as we advance the Moss Deposit.
Meanwhile, Sam’s experience in mining finance will be key in supporting our corporate objectives
to advance the Moss Deposit at a rapid pace within the current gold market. Together, they bring
a broadened skill set to the Company to drive project advancement and value creation for our
shareholders.”
Dr. David Stone, MBA, P.E. is a mining engineer whose career spans some 40+ years of
engineering and financial consulting to underground and surface mining projects worldwide. He
has managed multi ‐disciplinary project teams through pre‐ feasibility and feasibility level
evaluations of development stage projects, and has contributed to the engineering, design and
construction of several mines. Dr. Stone has held senior operating and board positions for severa l
TSX Venture Exchange companies and acted as a senior technical advisor to Hunter Dickinson
Inc. where his responsibilities included technical audits and evaluation of projects for acquisition,
technical and financial due diligence, capital planning, and management of outside consultants
and advisors. Dr. Stone's work experience includes scoping studies on the Lihir Mine in Papua
New Guinea, one of the largest open pit gold mines in the world and the Mesquite Mine in
California, one of the largest gold mines in the United States.
Sam Gibson is a finance professional with over a decade of experience in resource- focused
institutional sales, investment banking and asset management. He most recently held the position
of Director and Head of Mining Sales at National Bank Financial, wher e he was global lead on
specialist mining coverage and instrumental in growing the firm's mining franchise into
international markets. Mr. Gibson holds a Bachelor of Commerce degree from Dalhousie
University.
Equity Grant
Goldshore’s Board granted 6,950,000 incentive stock options (“Options”) and 2,637,500 restricted
share units (“RSU”) to certain directors, officers, employees and consultants of the Company
pursuant to the Company’s omnibus incentive plan. The Options are exercisable at $0. 38 per
share for a period of five (5) years and vest as follows: 1/3 on May 28, 2025, 1/3 on May 28, 2026
and 1/3 on May 28, 2027. The RSU’s vest on November 28, 2025.
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About Goldshore
Goldshore is a growth- oriented gold company focused on delivering long-term shareholder and
stakeholder value through the acquisition and advancement of primary gold assets in tier -one
jurisdictions. It is led by the ex -global head of structural geology for the world’s largest gold
company and backed by one of Canada’s pre-eminent private equity firms. The Company’s
current focus is the advanced stage 100% owned Moss Gold Project which is positioned in
Ontario, Canada, with direct access from the Trans -Canada Highway, hydroelectric power n ear
site, supportive local communities and skilled workforce. The Company has invested over $6 0
million of new capital and completed approximately 80,000 meters of drilling on the Moss Gold
Project, which, in aggregate, has had over 235,000 meters of drilling. The 2024 updated NI 43-
101 mineral resource estimate (“MRE”) has expanded to 1.54 million ounces of Indicated gold
resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au. The
MRE only encompasses 3.6 kilometers of the 35+ kilometer mineralized trend, remains open at
depth and along strike and is one of the few remaining major Canadian gold deposits positioned
for fast track through this development cycle. For more information, please visit SEDAR+
(www.sedarplus.ca) and the Company’s website (www.goldshoreresources .com).
For More Information – Please Contact:
Michael Henrichsen
President, Chief Executive Officer and Director
Goldshore Resources Inc.
W: www.goldshoreresources.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward- Looking Statements
This news release contains statements that constitute “forward-looking statements.” Such forwa rd
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 and other statements that
are not historical facts.
By their nature, forward-looking statements involve known and unknown risks, uncertainties a nd
other factors which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or achievements expressed
or implied by such forward- looking statements. Such factors and risks include, among others:
exploration and development of the Moss Gold Project will not be undertaken as anticipated; the
Company may require additional financing from time to time in order to continue its operations
which may not be available when needed or on acceptable terms and conditions acceptable;
compliance with extensive government regulation; domestic and foreign laws and regulations
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could adversely affect the Company’s business and results of operations; and the stock markets
have experienced volatility that often has been unrelated to the performance of companies and
these fluctuations may adversely affect the price of the Company’s securities, regardless of its
operating performance. The forward- looking information in this news release is based on
management’s reasonable expectations and assumptions as of the date of this news release,
including that the Company’s business and financial position and general economic conditions
will not be adversely affected.
The forward-looking information contained in this news release represents the expectations of the
Company as of the date of this news release and, accordingly, is subject to change after such
date. Readers should not place undue importance on forward-looking information and should not
rely upon this information as of any other date. The Company undertakes no obligation to upda te
these forward-looking statements in the event that management’s beliefs, estimates or opinions,
or other factors, should change.