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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

Post by inseon Dec 03, 2020 10:38am
220 Views
Post# 32025733

More gold at Eagle Mountain

More gold at Eagle MountainCONGRATULATIONS YANNIS, TO YOU AND THE REST OF THE GOLDSOURCE MINES TEAM, FOR CONTINUED OPERATIONAL ACHIEVEMENT AND DEVELOPMENT OF THE EAGLE MOUNTAIN GOLD PROJECT, BY WAY OF ADDITIONAL DRILLING SUCCESS.


Goldsource Announces Additional Near Surface Wide Intervals of Gold Mineralization at Eagle Mountain Gold Project

  • 28.5 Metres Grading 2.03 gpt Au
  • 36.5 Metres Grading 1.83 gpt Au
  •  39.0 Metres Grading 1.55 gpt Au

VANCOUVER, BC – December 3, 2020 – Goldsource Mines Inc. (“Goldsource” or the “Company”) is pleased to announce additional expansion and in-fill drill results for the Salbora and Eagle Mountain deposits and Montgomery Prospect within the 100%-owned Eagle Mountain Gold Project (“Eagle Mountain”) in Guyana, South America. Reported results are for 39 new diamond drill holes for 5,733 metres (see attached Figures and tables below). Over 15,000 metres of core drilling has been completed in 2020.

In all, over 34,000 metres of new drilling has been completed in the last three drill seasons. This will be included in a mineral resource update that is planned for early 2021.
 

This is yet another excellent news release from Goldsource Mines. Everyone needs to read and re-read this news release in its entirety, to fully comprehend the significance of it. In fact, I suggest for everyone to re-read all the previous drill result new releases that have been put out by the Company since 2018 (with the exception of the August 28, 2019 NR, which was the only report of disappointing results).


GXS will be re-rated soon when the Company releases their updated Resource Estimate. We will be trading MUCH higher than 0.12 in the coming weeks and months. I intend to continue adding more shares at these levels, while the opportunity lasts.


GLTA
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