Goldsource Mines Inc GXSFF

Primary Symbol: V.GXS

Metals & Mining Gold

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

Goldsource Mines Inc

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Post by AuContraireon Mar 18, 2009 4:40pm

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Post# 15853328

This is how it works.

Re drill hole results. It is all discretionary by the Company .. however there are 2 clauses .. " Timely Disclosure " and " Material Fact ". The timely disclosure is obvious. Results canbe allowed to accumulate if they are of a normal type .. like some good and some not good where the overall picture is not seriously diminished or enhanced. A Material Fact is something that will have a big effect on the share price .. good or bad. This cannot be withheld from the public for long. In this case like a huge thickness of coal.

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