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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 mmoitalon Apr 03, 2024 6:39pm
218 Views
Post# 35969121

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

RE:RE:RE:RE:RE:RE:Mako Mining to Acquire Goldsource MinesI have just watched the YouTube presentation and can see the benefit for GXS from being bought by Mako. GXS was drifting to no where and capital was low. Massive dilution was coming just to keep the current work going. Funding the development of the mine was nearly impossible with such low share price. Since the announcement we already nearly doubled (POG helped too) and the market will continue to revalue both assets for the benefit of GXS and Mako shareholders. It is also important that Eagle Mount is developed ASAP to capitalise on the current bull market. If we stayed alone no mine would be built this decade. Won't be selling any of my shares. 
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