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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Comment by HighTeston Nov 04, 2009 11:32am

338 Views

Post# 16451958

RE: What's up... WGF no news, WTR ... well, not ex

"Washing the samples has resulted in significant upgrades to the coal quality. A nearly continuous coal seam with minor partings found between 34.4 and 57.5m depth (23.1m wide) returned the following improvements:

- Increase in calorific value of 24.4%, from 17,459 to 21, 722 Kg/Kj

- 30.8% decrease in ash content, from 32.7% to 22.6%

- Decrease in sulphur content of15.4%, from 1.8%.to 1.5%"

Source - WTR NR June 16 2009

17459 kJ/ kg is 7511 BTU/ lb
21722 kJ/ kg is 9345 BTU/ lb ....not so boring.

I heard that WGF has hogging the drill for some reason, delaying WTRs drilling, intended to be immediately north of (or part of) Niska. Both should be done by now. But sure is quite all around.

HT

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