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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

Comment by NickCarpathiaon Aug 05, 2020 8:34am
270 Views
Post# 31365622

RE:I am very very disappointed

RE:I am very very disappointedJMHO. Too many issues here.

Too many sellers.  Obviously a large amount of the last bunch of PP takers are flippers and non believers, dumped the stock and hold the warrant.  More warrants expire on August 9, about 9 million of them, so more selling?

Guyana is still closed to outside workers so that third rig won't start anytime soon. That resource estimate won't be ready by end of year.

Drilling does not suggest a high grade deposit, so more tonnes at lower grades, higher AISC?

Salbora high grade hole can't be duplicated, very disappointing.

Gold at an all time high and this lags?  Moving money into stocks that are moving up.

GLTA


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