The Gosforth Pit stood very close to the original Old Walker, on Baret Road near the Costcutters.

It stood on the early 19th century waggonway from Battle Hill, Walker to what is now Walkergate at Henry Pit. The waggonway was active from at least 1828 until at most 1847, meaning it may have been defunct long before the 1860s. The site and shaft is still shown on the first edition Ordnance Survey adjacent to some legacy ancillary buildings and allotments, as well as the alignment of the waggonway.

The Northumberland Name Books note it had a few dwellings adjoining and was 30 chains east of Smashers Row. A smasher was employed in breaking waste rock at a colliery. The shaft remained in situ into the turn of the century, though is not visible on later aerial photography as housing developments were built over it.