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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 crockyon Mar 29, 2009 1:43pm
236 Views
Post# 15880119

RE: this week could be the biggest

RE: this week could be the biggestFWIW, I spoke to Fred on Fri. as well and was told not to expect the 43-101 compliant resource estimate until summer. They have a lot more data to process plus it has to be sent to an external engineering firm for review and approval. Without prompting ,Fred mentioned to me that one of the reasons for the delay was " corporate developments" . I realize that that leaves a lot to the imagination but that is what Fred said. Obviously there were no more details. I am not sure why he would make it up. Considering that the last hole , #47 , was reported on Feb. 26th, this is definitely an extended delay. I am hoping it is for the right reasons.
Crocky
Bullboard Posts