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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 messanger9on Feb 19, 2009 1:32pm
244 Views
Post# 15790128

GXS

GXSNever knew so many people could say so much about nothing.  I dont see where the results were so bad.  A few scattered drill holes, with a 35% success rate.  I think that is good for exploration.  They will be able to refine the targets as to geophysics and the success rate will improve.  With 50 metre thickness you dont need a huge area to make 100,000,000 tonnes.  This is thermal coal and with todays improvement in clean coal technology there will be a use for it.  Anyway that cart is along ways ahead of the horse.  This s exploration not mining and speculation at this point on production id nuts, wait and see what is found.  Play the exploration game not the mining game.  The money is in exploration and the crazy people who chase it. 
Bullboard Posts

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