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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
Post by Wortepon Dec 04, 2009 12:07am
327 Views
Post# 16553067

Move on with coal

Move on with coal

Has anyone else heard additional rumblings on the potential of a coal fired power plant in the Hudson Bay area? And an amalgamation of the existing exploration companies coming under one banner to supply the black gold. The following is a letter to the editor from a local paper. Thanks Victor!!

Move on with coal

 
 
 
 

PeterPrebble wrote Renewable electricity option best for Sask. (SP, Nov.,26). After three increases in electric utility rates to pay for formerpremier Lorne Calvert's $200 million wind farm that produces 20 percent of the time, I, like many seniors, become nervous at thesuggestion of yet more renewables, given the source.

Withreference to biomass, in the 1990s, a major upgrade project atWeyerhaeuser to meet new emissions standards included plans for a largesteam turbine to complement the new recovery boiler. This would enablethe plant to burn a 20-year accumulation of slash and bark and sell theexcess power back to SaskPower.

The NDP government at the timedirected SaskPower to refuse flat-out to be part of a plan to rid theenvironment of a quarter-section pile of biomass that was as high as agrain elevator, so the idea was scrapped.

With the anthropogenicglobal warming scam now being revealed, and the uncertainty of nuclearcosts, this is a good time for SaskPower to dust off the plans to add aunit to the Shand station and at Poplar River too. Get constructiongoing to increase our base power capacity using the cheap coal resourcewe have been blessed with.

Victor H. Pankoski

Saskatoon

Bullboard Posts