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Goldsource Mines Inc 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 coffinraideron Feb 19, 2009 1:43pm
262 Views
Post# 15790183

Open your eyes - Clear your heads

Open your eyes - Clear your heads
The negatives greatly override the positives with this coal venture. Many have been had from the beginning. This is another Venture Fools Game. It never ceases to amazes me how so many just blindly accept these overrated exploration farces on promotional hype and grandeur over what appears to be promising looking drill results without ever investigating the economic feasibility question and in this particular case with the border property, the insurmountable problems associated with this land mass .

This is a designed pump and dump gambit only - for the pump and dump artists who reappear for each subsequent pump and dump and then disappear. This is where the money is made with this stock. There is no hope for a coal mine with this much swampland, never never never, it just ain't happening.
Bullboard Posts