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Goldsource Mines Inc.
Summary
| Project: | Eagle Mountain | |
|---|---|---|
| Deposit: | Eagle Mountain | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 8/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-8-2017: Goldsource Mines Inc. announces an Exploration/Drilling Update report for its Eagle Mountain deposit at the Eagle Mountain project. Drilling results incl. 19m @ 3.04g/t Au from 0m. Vancouver, British Columbia--(Newsfile Corp. - August 28, 2017) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Eric Fier (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - August 28, 2017) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FWB: G5M) ("Goldsource" or the "Company") announces initial results on its ongoing saprolite drilling program, previously announced on May 2, 2017, 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 completing geotechnical, metallurgical and cost estimation studies at Eagle Mountain. Goldsource is conducting these studies with the assistance of Tetra Tech Canada Inc. ("Tetra Tech"), a Vancouver company retained by the Company (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 both the progress and initial results received to date from the current drilling campaign at Eagle Mountain. As stated in recent announcements, the two main objectives of this drilling are to expand the known near-surface saprolite gold mineralization and re-categorization of the current saprolite resources from Inferred to Indicated. Attaining these objectives will generate information to support a large-scale low strip open pit gravitycyanidation operation at Eagle Mountain. As our cooperation with Tetra Tech on the various PFS tasks continues, we are also pleased to see that the geotechnical field work around the current and future tailings facilities is now complete and metallurgical testing has been planned with implementation in September." | |
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