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Bullboard - Stock Discussion Forum
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.
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TSXV:GXS - Post Discussion
Goldsource Mines Inc
> How many years has it been,
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•••
MrDales62
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Post by
MrDales62
on Feb 02, 2023 8:29am
How many years has it been,
since they actually had a small operation on site?
GET THE GOLD FROM THE SAPROLITE PEOPLE!!!
GLTA
(40)
•••
stockpunter
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Comment by
stockpunter
on Feb 02, 2023 9:47pm
See the Jan 9, 2017 news release, and a few earlier production news releases. They were trying to generate cash from saprolite using a gravity-only method that was expected to recover about 30% of the gold but it never worked out. I could never figure out whether they were not permitted to use cyanide, or whether that was a method that required a bigger cap-ex. No doubt someone
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