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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
Post by Hozameenon Jul 23, 2008 11:49am
276 Views
Post# 15320937

I hate to be critical of good people.

I hate to be critical of good people.BUTTTTT ... that was a MAJOR boo boo by Management.  When you are at point-blank range to shoot at an elephant, and you miss him .. naturally you can be criticized.  What in the world were they thinking ? They deserve the egg on their face. They let their shareholders down badly, to say nothing of the tens of thousands of speculators who bot into the area players.  They have temporarily heavily wounded the area play.  But it should recover.  I've chosen to quit watching as much.  Que sera -- sera.  Some of these Executives don't seem to care much for the Joe Sixpack smaller speculators.  That first step-out was ridiculously too far away in a new emerging play where you are building the database. Would you rather have a good hole close-in or a geology hole way out ?  They ASSUMED it would be a good one.  Faulty technical logic.  Too early in the game for that kind of stuff.
Bullboard Posts

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