Goldshore Announces Ausenco Selected as Lead Engineering Firm to Conduct Preliminary Economic Assessment at the Moss Gold Project
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Goldshore Announces Ausenco Selected as Lead Engineering Firm to Conduct
Preliminary Economic Assessment at the Moss Gold Project
VANCOUVER, B.C., May 17, 2023: Goldshore Resources Inc. (TSXV: GSHR / OTCQB: GSHRF
/ FWB: 8X00) (“Goldshore” or the “ Company”), is pleased to announce th at it has selected
Ausenco Engineering Canada Inc. (“Ausenco”) as its lead engineering firm to conduct the
preliminary economic assessment (“ PEA”) at the Moss Gold Project in Northwest Ontario,
Canada (the “Moss Gold Project”).
Goldshore’s VP Exploration, Pete Flindell stated: “We are pleased to be working with Ausenco on
the Moss Gold Project’s PEA following our successful collaboration on the recent metallurgical
test program. We feel that Ausenco understands our philosophy of integrated mine and process
optimization to define the most efficient and cost-effective project. Ausenco also shares our vision
for a project the Company can realistically build, while preserving process optionality, tremendous
upside and future mine life growth.”
More information will be made available as the Moss Gold Project PEA is conducted.
Securities for Debt Transaction
The Company also announces that it has issued 3,018,572 units (the “Debt Settlement Units”)
pursuant to the Securities for Debt Transaction announced on April 5, 2023 to settle certain
outstanding accounts payable in the aggregate amount of $513,157.18 (the “ Debt”) owing to a
creditor (the “ Creditor”). The Debt Settlement Units have the same terms as the Units issued
pursuant to the Offering that closed on April 13, 2023.
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.
About Ausenco
Ausenco is a global diversified engineering, construction and project management company
providing consulting, project delivery and asset management solutions to the resources, energy
and infrastructure sectors. Ausenco’s experience in gold projects ranges from conceptual, pre -
feasibility and feasibility studies f or new project developments to project execution with EPCM
and EPC delivery. Ausenco is currently engaged on a number of global projects with similar
characteristics and opportunities to the Moss Gold Project.
About Goldshore
Goldshore is an emerging junior gold development company, and owns 100% of the Moss Gold
Project located in Ontario. Wesdome is currently a large shareholder of Goldshore , and the
company is supported by an industry-leading management group, board of directors and advisory
board. Goldshore is well positioned to advance the Moss Gold Project through the next stages of
exploration and development.
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Peter Flindell, P.Geo., MAusIMM, MAIG, Vice President – Exploration of the Company, a qualified
person under NI 43- 101 has approved the scientific and technical information contained in this
news release.
For More Information – Please Contact:
Brett A. Richards
President, Chief Executive Officer and Director
Goldshore Resources Inc.
P. +1 604 288 4416 M. +1 905 449 1500
W. www.goldshoreresources.com
Facebook: GoldShoreRes | Twitter: GoldShoreRes | LinkedIn: goldshoreres
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 release of
a preliminary economic assessment, and other statements that are not historical facts. By their
nature, forward-looking statements involve known and unknown risks, uncertainties and 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: 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
could adversely affect the Company’s business and results of operations; 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; and the impact of COVID-19.
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 update
these forward-looking statements in the event that management's beliefs, estimates or opinions,
or other factors, should change.