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Goldsource Mines Inc V.GXS

Alternate Symbol(s):  GXSFF

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

Bullboard Posts
Comment by AuContraireon Apr 08, 2009 12:29pm
237 Views
Post# 15904982

RE: RE: Kerogen ...

RE: RE: Kerogen ...No I am not saying that .. and yes I do respect you.  But I will say that Scott had the input from competent coal explorationists,  and seismic was not used.  That's good enough for me.  I've built up exploration maps many times on many drill programs.  It is exciting as you add each piece of new data as you get it.  It's like a military campaign where you probe the enemy to find where you concentrate your own troops.  You and I are talking about 2 different things here that were being tested by drilling.  When you start with a KNOWN, you don't need geophysics.  You merely drill on a disciplined pattern and try to expand the known outward.  The other part of their drill program was to look for NEW stuff.  And they were successful.  They used geophysics to find new targets and they have been using the correct method because they did find new coal.  Re seismic .. yes perhaps except that a single drill hole is pretty cheap to drill here because the holes are short. I guess they figured they didn't need to do seismic.
Bullboard Posts