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JV Article: The creation of a new Canadian gold miner - Canadian Mining Journal


Emerging Canadian junior
Goldshore Resources ticks all the boxes to be a highly successful gold exploration and development company, says Brett Richards, Goldshore’s president and CEO.
Goldshore has assembled a “star-studded” management team, board of directors, and group of advisors, he says, who have extensive mining industry experience and strong track records of value creation, major discoveries, and project development and execution. “We also have a large-scale, potentially world-class project, which we’ll be advancing in a gold market that will remain buoyant for some time come, and have strong financial backing and cash position.”
In January, Goldshore announced the reverse takeover of Sierra Madre Developments. The combined company plans to change its name to Goldshore Resources and trade on the TSX Venture Exchange under the ticker GSHR. ....

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Wesdome to sell Moss Lake to Goldshore Resources for $57M


Wesdome to sell Moss Lake to Goldshore Resources for $57M
A map of the Moss Lake deposit in Ontario. Credit: Wedome Mines.
TSX Venture-listed
Sierra Madre Developments (TSXV: SMG.H) has entered into an amalgamation agreement to acquire B.C.-incorporated and privately held Goldshore Resources. Separately, Goldshore has entered into an asset purchase agreement with gold producer
Wesdome Gold Mines (TSX: WDO), to acquire the 143-sq.-km Moss Lake gold project, 100 km west of Thunder Bay, for an estimated total consideration of about $57 million.
After Goldshore completes the reverse takeover of Sierra Madre, the combined company plans to change its name to Goldshore Resources and list on the TSX Venture under the ticker GSHR as a new Canadian gold developer. ....

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