GXS IS HUGELY UNDERVALUED. There are so many hugely positive developments that will move our share price significantly higher in the coming days, weeks, and months ahead. 2021 IS THE YEAR OF GXS. Good luck to both longs and newbies...we will all make a lot of money here.
While we await the much anticipated Interim Updated Resource Estimate, I have compiled all the highlights from the past three drill seasons at the Eagle Mountain Gold Project: ***January 6, 2021*** Goldsource Announces Further Drill Results at Eagle Mountain
54.0 Metres Grading 1.72 gpt Au
19.5 Metres Grading 1.38 gpt Au
11.5 Metres Grading 3.37 gpt Au
Highlights:
- Eagle Mountain Gold Deposit – Baboon Area:
- Results for three (3) core holes totalling 648 metres.
- Drill holes EME20-72 and EME20-73 have confirmed the expansion of three near-surface sub-horizontal gold mineralized zones (Zone 1 to 3) to the southwest of the Eagle Mountain deposit (Figure 2 and 3).
- Together with the results from No. 1 Hill area, immediately north of Baboon (refer to the Company news releases on July 29, 2020, and October 22, 2020), drilling has extended the mineralized footprint of the Eagle Mountain deposit by approximately 400 metres to the southwest (Figure 2).
- Highlight drill hole EME20-71 intersected 6.0 metres grading 3.06 grams per tonne (“gpt”) gold (“Au”) in saprolite at the base of Zone 1 (Figures 2 and 3).
- Eagle Mountain Gold Deposit – Kilroy Area:
- Resource in-fill drill results for three (3) core holes totalling 275 metres.
- Highlight drill hole EMM20-001 intersected 54.0 metres grading 1.72 gpt Au, including a higher grade sub interval of 12.0 metres grading 6.91 gpt Au (Figure 2).
- Ann Prospect – Minnehaha area:
- Results for four (4) core holes totalling 766 metres.
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- Highlight drill hole EME20-081 exhibits similar characteristics to mineralized breccias in Salbora and Toucan with a breccia interval of 3.0 metres grading 5.40 gpt Au.
- Highlight drill hole EME-20-079 intersected 11.5 metres grading 3.37 gpt Au from surface, including a higher grade sub interval of 7.5 metres grading 5.21 gpt Au starting at 4.0 metres and hosted in unconsolidated near-surface material.
***December 3, 2020 ***
Goldsource Announces Additional Near Surface Wide Intervals of Gold Mineralization at Eagle Mountain Gold Project
- 28.5 Metres Grading 2.03 gpt Au
- 36.5 Metres Grading 1.83 gpt Au
- 39.0 Metres Grading 1.55 gpt Au
The most significant results for this release are in in-fill hole EME20-058 with 28.5 metres grading 2.03 grams per tonne (“gpt”) gold (or “Au”) at Salbora, in-fill hole EME20-074 which intersected 39.0 metres grading 1.55 gpt Au at Eagle Mountain and in-fill hole EME20-078 which intersected 36.5 metres grading 1.83 gpt Au at Eagle Mountain. In addition, discovery holes EMD20-110 with 6.0 metres grading 3.81 gpt Au and EME20-054 with 34.5 metres grading 0.66 gpt Au, including 10.5 metres grading 1.49 gpt Au at Montgomery. ***October 22, 2020*** Goldsource Adds Third Drill at Eagle Mountain, Expands No. 1 Hill Zone
- 4.5 Metres Grading 25.32 gpt Au
- 28.5 Metres Grading 0.98 gpt Au
- 37.0 Meters Grading 1.11 gpt Au
The most significant results for this release are found in hole EMD20-118, which intersected near surface 4.5 metres grading 25.32 grams per tonne (“gpt”) gold (or “Au”), hole EMD20-067 which intersected 28.5 metres grading 0.98 gpt Au and in-fill hole EMD20-133 which intersected 37.0 metres grading 1.11 gpt Au. ***July 29, 2020*** Goldsource Announces Expansion of Eagle Mountain & Salbora Deposits
- 21 Metres Grading 1.84 gpt Gold
- 102 Metres Grading 0.61 gpt Gold
The most significant results for this release are holes EMD20-111 which intersected 21 metres grading 1.84 grams per tonne (“gpt”) gold (or “Au”) and EME20-041 which intersected 102 metres grading 0.61 gpt gold. ***May 20, 2020*** Goldsource Announces Expansion of Friendly Prospect at Eagle Mountain
- 27.0 Metres Grading 1.72 gpt Au
- 73.5 Metres Grading 0.50 gpt Au
The most significant results for this release are holes EME19-023 which intersected 27.0 metres grading 1.72 grams per tonne (“gpt”) gold (or “Au”) and EME19-025 which intersected 73.5 metres grading 0.50 gpt gold. ***April 14, 2020*** GOLDSOURCE ANNOUNCES NEXT DISCOVERY AT EAGLE MOUNTAIN, TOUCAN:
66.0 METRES GRADING 1.35 GPT AU
36.0 METRES GRADING 2.10 GPT AU
The most significant results for this release are holes EMD20-102 which intersected 66.0 metres grading 1.35 grams per tonne (“gpt”) gold and EMD20-105 which intersected 36.0 metres grading 2.10 gpt gold. Toucan contains a historic exploration adit grading 19.3 gpt gold over a 22 metre length (in-vein). ***February 5, 2020*** Goldsource Announces New Discovery at Powis Target: 10.5 Metres Grading 9.94 gpt Gold
The most significant result for this release is hole EMD19-096, which intersected 10.5 metres grading 9.94 gpt gold. Also noteworthy are holes EME19-208 at 1.5 metres grading 11.97 gpt Au and EMD19-098 at 1.5 metres grading 10.91 gpt Au. Powis is 600 metres along strike from the Toucan Target (“Toucan”) with an historic adit grading 18.5 gpt gold over a 23 metre length (in-vein). ***November 13, 2019*** Goldsource Announces Salbora High-Grade Expansion;
- 80.0 Metres Grading 2.07 gpt Au
- 57.5 Metres Grading 2.55 gpt Au
- 76.5 Metres Grading 1.18 gpt Au
The Company’s most significant drill result in this news release is:
- EME19-015 with 80.0 metres grading 2.07 gpt Au, including of 22.5 metres grading 5.45 gpt Au.
Noteworthy drill results in this news release are:
- EME19-013 with 25.5 metres grading 2.38 gpt Au;
- EME19-016 with 57.5 metres grading 2.55 gpt Au, including of 18.0 metres grading 3.06 gpt Au;
- EME19-019 with 76.5 metres grading 1.18 gpt Au, including of 21.0 metres grading 2.36 gpt Au.
***March 6, 2019*** Goldsource Expands Salbora Discovery; 49.5 Metres (31.8 Metres Est. True Width) Grading 2.90 g/t Au 39.0 Metres (25.0 Metres Est. True Width) Grading 2.78 g/t Au
The Company’s most significant results for the four new diamond core holes include EMD18-055 with 49.5 metres (est. drilled width) grading 2.90 grams per tonne (“g/t”) gold (“Au”) and EMD18-054 with 39.0 metres grading 2.78 g/t Au. ***January 23, 2019*** Goldsource Announces Salbora High-Grade Discovery; 69 Metres (40 Metres Est. True Width) Grading 6.52 g/t Au
The Company’s first two diamond core holes include EMD18-053 with 40.0 metres (est. true width) grading 6.52 grams per tonne (“g/t”) gold (“Au”) and EMD18-052 with 17.0 metre (est. true width) grading 2.82 g/t Au. ***October 25, 2018*** Goldsource Expands Salbora Discovery at Eagle Mountain
- 15 Metres Grading 3.84 g/t Au
- 17 Metres Grading 1.85 g/t Au
- 28 metres Grading 2.88 g/t Au
The most significant result for drilling was EMC18-095 with 15.0 metres grading 3.84 grams per tonne (“g/t”) gold (or “Au”) and EMC18-094 with 17.0 metres grading 1.85 g/t gold. Both holes intercepted near surface high-grade gold mineralization in saprolite. The most significant result for trenching was TRBS18-005 with 28.0 metres grading 2.88 g/t gold and TRBS18-011 with 37.0 metres grading 1.70 g/t gold. ***July 12, 2018*** Goldsource Reports High-Grade Results from Salbora and Initial Results from Bishop Growler; 2.0 metres Grading 87.51 g/t Au
Results from the first 14 auger holes drilled in Salbora returned gold mineralization in four holes (AS18-136 to 139) with an average length and grade of 4.0 metres at 1.20 g/t gold from surface. All holes bottom in mineralized saprolite. ***May 24, 2018*** Goldsource Announces Discovery and Additional Exploration Results at Eagle Mountain; 123 metres grading 1.92 gpt Au
The most significant result for this release was returned from Trench TRSB18-002 at the Salbora Area, which intersected 123 metres (horizontal width) grading 1.92 grams per tonne (“gpt”) gold. Also noteworthy are Hole EMD18-011, 6.0 metres grading 1.51 gpt gold in the Friendly area; Hole EMD18-018, 21.4 metres grading 1.22 gpt Au, and Hole EMC18-057, 8.0 metres grading 2.65 gpt Au, which are in-fill holes in the Kilroy and Zion areas respectively.
***November 16, 2017***
Goldsource Continues to Expand Eagle Mountain Mineralized Saprolite
Most significant drill intercept from recent results is in hole EMCR17-83, with 11 metres grading 1.99 grams per tonne (“gpt”) gold (or “Au”) from surface. The following results are considered the 11 most significant intercepts of the core and auger holes drilled in recent two months (uncut, undiluted).
| Hole ID | Drill
Type | From
(m) | To
(m) | True
Thickness
Interval
(m) | Au
(gpt)** |
| EMCR17-45 | Core | 1.0 | 6.7 | 5.7 | 0.93 |
| EMCR17-74 | Core | 0.0 | 11.0 | 11.0 | 1.19 |
| EMCR17-78 | Core | 0.0 | 7.0 | 7.0 | 1.97 |
| EMCR17-83 | Core | 0.0 | 11.0 | 11.0 | 1.99 |
| EMCR17-86 | Core | 1.0 | 11.5 | 10.5 | 1.35 |
| EMCR17-88 | Core | 0.0 | 4.9 | 4.9 | 1.24 |
| EMA17-186 | Auger | 0.0 | 1.0 | 1.0 | 0.85 |
| EMA17-189 | Auger | 0.0 | 6.0 | 6.0 | 0.91 |
| EMA17-190 | Auger | 0.0 | 3.0 | 3.0 | 0.65 |
| EMA17-209 | Auger | 0.0 | 5.0 | 5.0 | 0.57 |
| EMA17-215 | Auger | 0.0 | 6.0 | 6.0 | 0.89 |
| Note: All numbers rounded. All holes are drilled vertical. |
**Cutoff grade of 0.5 gpt Au
|
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