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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
Comment by HighTeston Mar 08, 2009 11:43pm
337 Views
Post# 15829731

RE: RE: Pasquia Area - RDriller

RE: RE: Pasquia Area - RDrillerSplit-Leaf area is about 8 km from the south GXS property boundary. If you can find my post from Friday with the Topo Canada link, it goes to the Overflowing River, which is the water feature shown on the Split-Leaf map accompanying the GXS NR. The bypassed oxbow is a dead giveaway. A couple of other companies have mis-identified that river as another larger one to the south. Easy to do when in a hurry, I suppose. One of the  trails on the Topo Canada maps are used as roads on the GXS maps for further position verification to drill areas.

SMI has a very good map correctly identifying most of the Boundary area players in the immediate vicinity. It should be noted that most maps, including the SMI map, show section squares (one mile square), while the recent GXS maps show 1 km squares, so distances will have to be scaled appropriately to obtain proper measurements.

Pasquia Area also has less overburden in some holes, which I like. Hole 05 was described in the NR that first mentioned it as being the most undisturbed, continuous coal interval on the property up to that point, with virtually no partings.

HT
Bullboard Posts

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