Goldshore Resources Inc (OTCMKTS:GSHRF) Stock Jumps 5% After Reporting Significant Assay Results

While it is true that there were many stocks which recorded declines on Wednesday, there were plenty of exceptions as well and one of those was the Goldshore Resources Inc (OTCMKTS:GSHRF) stock.

Market Stats

On Wednesday, GSHRF stock moved up 5% to $0.4515 with more than 62k shares, compared to its average volume of 22k shares. The stock has moved within a range of $0.4400 – 0.4548 after opening trading at $0.4548.

Reports Significant Assay Results From Moss Lake Gold Project In Ontario

The stock was in sharp focus among investors yesterday and ended the day with gains of as much as 5% as a consequence. Yesterday, the stock was in focus after the company made an announcement with regards to positive gold assay result from a pair of holes that had been drilled at the Goldshore Resources’ Moss Lake gold deposit. The site in question is located in the North Western Ontario region in Canada.

The holes had been drilled in order to validate the presence of gold at the site. The Moss Lake gold deposit is one of the most important projects for Goldshore at this point in time and it spans across an area of as much as 14292 hectares. After the rally in the stock yesterday following the positive assay results, it is going to be interesting to see if the stock can manage to continue to add to its gains today. It may be the right time to start tracking the Goldshore stock.

Key Quote

In a statement, Goldshore CEO Brett Richards said: “The drilling intercept of 117.12m at 1.26 g/t Au, essentially from surface, reaffirms our view that the Moss Lake gold project contains a significant volume of +1 g/t Au mineralization that can underpin a meaningful, economic gold deposit.”