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Goldsource Mines Inc GXSFF


Primary Symbol: V.GXS

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 crockyon Jul 13, 2008 2:53pm
212 Views
Post# 15287646

RE: Majors sniffing around

RE: Majors sniffing aroundGood info. lousat. If there was one call at that stage you can rest assured that if GXS drills it , the rest will come. I am not sure if Scott is being advised by anyone re: buyout/buyin but at least we do have a SRPP in place. I doubt that there will be any pre-emptive bids for Goldsource until all of the analysis is done by the fall. My guess would be that nothing will happen until spring following the winter drilling program and continued infill drilling. One wonders what the threshold is for the quality of coal to spark interest from the world's major coal suppliers and whether that cut-off will be dropping as global coal prices increase.
Crocky
Bullboard Posts