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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 scotton Jan 20, 2015 7:28pm
148 Views
Post# 23341741

Eagle Mountain

Eagle Mountain
It's my understanding that President Yannis Tsitos and COO Eric Fier both left for Guyana yesterday to begin preparations for mine construction at Eagle Mountain.  They aren't wasting any time when it comes to putting the funds from their recent financing to work.  Being roughly only 6 months away from production, it has been a bit of a wait but 2015 is shaping up to be a monumental year for Goldsource and its patient shareholders.  And with all the political turbulence going on around the world, strength in gold/silver seems justified and likely to continue which is an added reason to hold tightly onto your shares.

While the company likely got some attention at the recent Vancouver Resource Investment Conference, for the most part I think Goldsource is flying way under the radar of most investors, and surely institutions.  But with the way management has executed their game plan the past 15 months, that is likely to change as Eagle Mountain nears production.

GLTA

Scott
 
Bullboard Posts