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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 inseon Sep 14, 2021 1:20pm
203 Views
Post# 33855534

RE:RE:Gold up big today

RE:RE:Gold up big today Best of luck to you mmoital...I know you have also been a long time loyal GXS shareholder, so having to sell at the lows is a real kick in the nuts...believe me I get it, people sometimes need to sell to raise money for whatever reason...but I believe something more sinister has been happening here.


At this stage, the Eagle Mountain Gold Project has 2 MILLION OZS of low cost, near surface, highly profitable gold - much of it being soft-rock saprolite mineralization (low hanging fruit that can simply be scooped and processed). They also have an enviable cash position of ~ $12 Million. Yet the current market cap of Goldsource Mines sits at $47 Million.


I've said this before, but it seems like the share price is being held down intentionally for a cheap buy out offer. This would be a total shame...loyal, patient, long suffering shareholders deserve better than this. Much better.


GLTA
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