Goldsource Announces Additional Drill Results at Eagle Mountain; 5.3 metres (ETW) Grading 15.73 gpt Gold and 16.0 metres (ETW) grading 1.44 gpt Gold from Surface
Steve Parsons, P. Eng., and CEO of Goldsource, commented, "We remain very pleased with the progress of the drill program. The results are providing added definition to the near surface sub-horizontal mineralized zones of the Eagle Mountain deposit, showing continuity of mineralization and expanding zones, at this time, in the Zion and Bacchus areas. Importantly, of the 83 infill, expansion and exploration core holes released so far in 2021, 88% have returned significant mineralized intervals with gold grades above the cut-off used in the February 2021 MRE. In the coming weeks, we anticipate releasing more infill and expansion drill results, specifically for the Baboon and Friendly areas of the Eagle Mountain deposit.
With favourable progress on the infill program, we look forward to shifting gears with the exploration program, specifically getting back to testing some of the new target areas and under drilled prospects such as Toucan and Powis, which sit adjacent to existing mineral resource but along a separate structural trend."
Another excellent NR from Goldsource Mines today. Their 2021 drill program is exceeding expectations. GXS should be trading closer to $2.00, but I'll take today's move higher and continue to wait it out...can't believe I was able to pick up some shares at 0.80
$1.00 +0.15 | 17.65%Bid: 0.91 x 10000Ask: 0.99 x 1000Volume: 118,970
CADTSX VENTURE EXCHANGEDELAYED PRICEMARKET CLOSEDAUGUST 12, 2021 3:58 PMEDT
There is absolutely no doubt in my mind that the Eagle Mountain Gold Project will become a highly profitable gold mine within a relatively short time. We are getting closer to this reality.
GLTA