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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
Comment by crockyon Mar 11, 2009 5:28pm
321 Views
Post# 15837739

RE: RE: RE: Shake, shake, shake

RE: RE: RE: Shake, shake, shakeI hear you Badboy. One thing I can comment on is the fact that despite our best armchair geology experts we don't really know what the company knows. We can muse and guess and speculate all we want on the geology , but this is different stuff and may well be new textbook material. I guess their methods in this particular piece of land will become nearly proprietary . They aren't planning for failure so the better their methods the higher the probability of success. I get the feeling the worst of that uncertainty about methodology is over now. We'll see if they return mostly hits with the remaining winter holes.
One thing remains to be seen and that is this. They are either gonna go for the gusto with this winter program and hope for a buyout or they will take a more measure approach in the hope that more time proves up a bigger resource.
GLTA , Crocky
Bullboard Posts