Goldsource Mines Inc GXSFF

Primary Symbol: V.GXS

Metals & Mining Gold

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.

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Goldsource Mines Inc

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Comment by coffinraideron Feb 16, 2009 12:13pm

268 Views

Post# 15781410

RE: RE: RE: A drop ?

Moving drilling operations from the border property discovery area is pure anathema for this or any company forced into similar circumstances. The border property is the only real focus. Ballantyne is virtually nothing at this point in time. Nothing concrete.
Final drill results from the border property wont help either as it is a long haul to the next freeze up and resumption of operations.
The long disconnect in time and operations is the reason for investors getting out, end of the run results always always always have little impact on the share price when focus is being shifted away from the main zone of interest. In this case, 9 to 11 months, for what is a very long time of dead money in this business.

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