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Goldsource Mines Inc.
Summary
| Project: | Eagle Mountain | |
|---|---|---|
| Deposit: | Bishop Growler | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 7/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-7-2018: Goldsource Mines Inc. announces an Exploration/Drilling Update report for its Bishop Growler deposit at the Eagle Mountain project. Drilling results incl. 2.0m @ 87.51g/t Au from 4.0m. Vancouver, British Columbia--(Newsfile Corp. - July 12, 201 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Eric Fier (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - July 12, 2018) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FWB: G5M) ("Goldsource" or the "Company") is pleased to report additional results from the ongoing exploration program at the Salbora target and initial results for the Bishop Growler target at its Eagle Mountain Gold Project in Guyana (see attached Figures). The Company has received assay results from shallow auger drilling completed at Salbora, which is located approximately 1.5 kilometres northwest of the Eagle Mountain deposit. 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 (see tables below). All holes bottom in mineralized saprolite. At Bishop Growler, the Company has received results from 28 shallow holes completed by the Geoprobe drill and 124 auger shallow holes. The most significant holes were EMC18-066 with 2.0 metres grading 87.51 g/t gold and EMC18-085 with 1.0 metre grading 13.60 g/t gold. Both holes intercepted near surface high-grade gold mineralization in saprolite. In-fill drilling at the main Eagle Mountain Deposit intercepted high-grade mineralization in several holes (see tables below). Yannis Tsitos, President, commented, "The additional results from Salbora, initial results from Bishop Growler, and in-fill drilling at the Eagle Mountain Deposit are encouraging and re-affirm the potential to expand the near surface saprolite gold resource at the Eagle Mountain Gold Project. While further assay results are pending, we continue with diamond drilling, auger drilling and trenching to follow up, both laterally and at depth, on the higher grade near surface mineralized saprolite intercepted in all defined targets. With continued success, the results from the ongoing drilling will be included in an updated Eagle Mountain resource by the end of 2018. Some deeper diamond holes are needed at Salbora and Bishop Growler to provide a better understanding of the gold mineralization and conceptual similarities to the main Eagle Mountain deposit." | |
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