Goldsource Mines Inc GXSFF

Primary Symbol: V.GXS

Metals & Mining Gold

Goldsource Mines Inc. is a Canada-based resource company, which is engaged in exploration activities. The Company is focused on the Eagle Mountain Gold Project (Eagle Mountain) for which it has a 100% interest in the Eagle Mountain Prospecting License (EMPL) and the Kilroy Mining Permit (collectively, the Property). The Property is located approximately seven kilometers (km) south of Mahdia Township (population approximately 3000). Mahdia Township can be accessed by road from Georgetown, a driving distance of approximately 325 km, or via air by a commercial flight. The Property consists of an area of approximately 5,050 hectares (ha) (12,480 acres) in central Guyana, South America. 4,784 hectares (11,820 acres) of the Eagle Mountain Property relate to the EMPL while 266 ha (660 acres) relate to the Medium Scale Mining Permit held by Kilroy Mining Inc. (Kilroy), on which the Company has a long-term lease with a 2% net smelter return royalty.

TSXV:GXS - Post by User

Goldsource Mines Inc

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Comment by HighTeston Feb 20, 2009 9:08pm

228 Views

Post# 15794477

RE: RE: GXS

That's the Diavik diamond mine. I thought it was in the caption somewhere. There is certainly a cost-benefit ratio thingy there.

Wet is better than dry, though. It is easier to get rid of water than to find it and bring it in. Anyways, water will have to be removed regardless. Once a big hole is made, water naturally will want to accumulate.

A good mine is the reverse of a boat (a hole in the water you pour money into).

LOL

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