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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
Post by AuContraireon Apr 07, 2009 3:29pm
411 Views
Post# 15902902

Summary.

Summary.Nothing is gained by gloating or whining.  The Facts came in and the Market spoke. I was expecting a buy-in announcement and I never got it.  So what ??  The property did not change.  It was a blanket coverage drill program.  I don't think all the holes were expected to hit thick coal. At least now they have a far better understanding of what they are dealing with .. albeit not as good as they had originally hoped.  But the BIG question is still unanswered .. will this be any good eventually or won't it ????  Looks to me that the Jury is still out.  The coal is spotty.  This means higher mining costs right off the bat because of additional stripping ratios per unit.  Now we wait for  voluminous lab results. The average B T U numbers are still not known.  I sold 62 % of my position this morning. Since I started this last year at 95 cents I'm still a big big winner and riding free now on what I still have plus a good profit.  I just switched into my next deal.  Win some -- lose some.  Win big or win small.  But ALL WAYZZZZZZ try to minimize your losses and protect your Capital. Cheers and GLTA !!
Bullboard Posts