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.

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Goldsource Mines Inc > Marketing

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Comment by unoriginal_usernameon Mar 26, 2021 3:52pm

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RE:RE:Marketing

The find has a lot of tonnage per gram . Mines are not cheap to run so cost per ton could be holding this back. If they hit more high grade then of course this will go higher . The cash burn right now for 3 drills means probably another round of financing which means more dilution. IMO this is priced accordingly if they hit the mother load then of course all things change . GLTA

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