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 > Seeking alpha post about GXS

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Comment by mmoitalon Jan 10, 2021 5:06pm

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Post# 32264049

RE:RE:Seeking alpha post about GXS

We all know that the new resource will be very different. There is no other outlook given the drilling results over the past 3 years. The question is how much (improvement) rather than if. And the author also knows that. However, his narrative is largely bound by the completely out of date resource and PEA. Given this constraint, I think he did a good job. The narrative will change - dramatically - once they are replaced by updated estimates and PFS. Not long to wait for the first - Resource estimate.

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A junior copper-gold stock trading at a bargain of monumental proportions