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Goldsource Mines Inc.
Summary
| Project: | Eagle Mountain | |
|---|---|---|
| Deposit: | Eagle Mountain | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 11/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-11-2017: Goldsource Mines Inc. announces an Exploration/Drilling Update report for its Eagle Mountain deposit at the Eagle Mountain project. Drilling results incl. 11m @ 1.99g/t Au from 0m. Vancouver, British Columbia--(Newsfile Corp. - November 16, 20 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Eric Fier (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - November 16, 2017) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FWB: G5M) ("Goldsource" or the "Company") announces further positive results on its ongoing saprolite expansion and in-fill drilling program, at its 100% owned Eagle MountainGold Project ("Eagle Mountain" or the "Project") inGuyana, South America. In addition to both core and auger drilling (see attached Figures), the Company is progressing on metallurgical test work (see attached Figure) and grinding cost-benefit analysis studies at Eagle Mountain. Goldsource is conducting these studies with the assistance of Tetra Tech Canada Inc. ("Tetra Tech"), a Vancouver based company retained byGoldsource (see May 31, 2017 news release) to complete an independent Pre-Feasibility Study ("PFS") for a potential large-scale open pit, gravity-cyanidation operation at Eagle Mountain. Yannis Tsitos, President, commented, "We are pleased with results received to date from the current drilling campaign at Eagle Mountain. To accelerate the drill program, we have added a second core drill, which should be in operation in December. As our cooperation with Tetra Tech on the various PFS tasks continues, we are also pleased to report that the collection of representative metallurgical samples from trenches, drill core and existing tailings was completed inOctober, with several qualified studies to be undertaken before the end of the quarter." The two main objectives of the Eagle Mountain drilling campaign are to expand the known near-surface saprolite gold mineralization and infill existing resources to allow for a re-categorization of the current saprolite resources from the Inferred category to the Indicated category. The Company believes these objectives should support a large-scale low strip open pit gravity-cyanidation operation at Eagle Mountain. | |
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