Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 coffinraideron Mar 01, 2009 6:35pm
293 Views
Post# 15812477

I've still got to laugh

I've still got to laugh
- at how some of the brainless twits on this message board are convinced that this area will eventually be strip mined - and at the basket cases who have suggested open pit mining - GXS would be able to deploy the strip mining method of mining coal in the hilly Pasquia Hills area of their claimed land if they were to discover coal there, far off and up out of the wetland swamps where the discovery holes are currently located as this - Area and Contour mining method - allows for machines to move away landscape and slice large cuts into a hillside to access coal - Giant augers that bore into hillsides and throw out buried coal are also used on rough terrain - the key to mining here is dry enough terrain.

Strip mining is often used to mine surface coal over dry land masses . In this method, hugeearth-moving machines strip away areas of vegetation, and explosivesshatter sedimentary rock to access underlying coal deposits. - such methods are incondusent to mining coal in this region due to impossible large scale flooding concerns - Strip mining destroys large areas of vegetation and habitat, leavingthem exposed to erosion. - waste products of strip mining create aciddrainage that combines with oxygen in water and air to create sulphuricacid, polluting water and soil and contaminating underlying watertables.along with a long list of accompanying poisoins thrown off from coal mining.

Water table and Aquifer poisoning concerns are likewise extended to deep shaft mining via breached bedrock conduits that seep into the ground water below and in this region, eventualy finding its way into areas of protected ecological reserves downflow.

The sheer volumes of surficial water in this region create not only insurmountable barriiers incondusent to mining coal, - but along with the uneconomical factor as well with the ecological and environmental issues, there being the proverbial - last nail in the coffin.- the company has yet to consult with the experts on these matters and are currently busy at mining investors pockets - their main function - yes yes YES - ALWAYS - and FIRST AND FOREMOST !

Bullboard Posts