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 > Mako Mining to Acquire Goldsource Mines

<< Previous

Bullboard Posts

Next >>

Comment by Methodon Mar 27, 2024 4:00pm

189 Views

Post# 35956410

RE:RE:RE:RE:RE:Mako Mining to Acquire Goldsource Mines

Way more upside for GXS w/ MKO vs SIL. MKO stock is cheap itself and they have a mandate to play offense in this gold bull market. I'm really excited about this transaction.

SIL would probably lose some of its premium if it a) bought a gold asset and b) bought one planning to produce < 100k oz per year.

I think the webcast is definitely worth a watch. It's time to start thinking about what could go right.

<< Previous

Bullboard Posts

Next >>

E3 inches closer to Alberta's first lithium production plant