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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
Post by AuContraireon Apr 08, 2009 11:30am
246 Views
Post# 15904768

Kerogen ...

Kerogen ...You RARELY find mining geologists using seismic.  Obviously you do not know this.  Not that it does not have its place and function.  Its results however are still subject to human interpretation.  Drill core on the other hand is what you see is what you get.  NO these guys did NOT just drill wildcat holes. Give your head a shake.  A good drill program expands ever outward as long as the 'hits' keep coming.  And each hole contributes to the database and understanding.  Aerial geophysics is great .. but first the method is tested over an area PROVEN by drilling.  Then it's Gung Ho after that.  The results are called 'Signatures'.  Shee Eeeshhh !!! Go shoot some more Seismic somewhere else.
Bullboard Posts