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Goldsource Mines Inc 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 > Seeking alpha post about GXS
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Post by mmoitalon Jan 10, 2021 8:54am
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Post# 32262840

Seeking alpha post about GXS

Seeking alpha post about GXShttps://seekingalpha.com/article/4398049-goldsource-mines-asymmetric-gold-play Mines: An Asymmetric Gold Play Jan. 10, 2021 3:46 AM ETGoldsource Mines Inc. (GXSFF)1 Like Crowd Noise Fundamentals profile picture. Crowd Noise Fundamentals 306 Followers Summary Goldsource Mines is an intriguing play on higher gold prices and 2021 catalysts from updated drilling results. The Eagle Mountain gold project is advancing, and new gold resource estimates may drive the stock higher in 2021. The companys 2021 plan includes an updated NI-43-101 and Pre-Feasibility Study for Eagle Mountain. Valuation model with abroad range of outcomes is presented. The model reveals an attractive asymmetric investment. I recommend that risk-tolerant investors add Goldsource Mines to their portfolio
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