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Goldsource Mines Inc.
Summary
| Project: | Eagle Mountain | |
|---|---|---|
| Deposit: | Powis | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 2/5/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-2-2020: Goldsource Mines Inc. announces an Exploration/Drilling Update report for its Powis deposit at the Eagle Mountain project. Drilling results incl. 10.5m @ 9.94g/t Au form 81.0m. Vancouver, British Columbia--(Newsfile Corp. - February 5, 2020) - G | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: N. Eric Fier (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - February 5, 2020) - Goldsource Mines Inc. (TSXV: GXS) (OTCQB: GXSFF) (FWB: G5M) ("Goldsource" or the "Company") is pleased to announce initial drill results from the Powis Target ("Powis"), as well as historic drill results in this area. Powis is located approximately 1.6 kilometres south of the Salbora deposit ("Salbora") and an estimated one kilometre west of the main Eagle MountainGold deposit ("Eagle Mountain") inGuyana, South America. The seven drill holes, totalling 1,319 metres, in this news release have intersected a gold mineralized north-south trending structural corridor at the edge of a major induced polarization ("IP") geophysical anomaly (sulphide-rich) 700 metres long and 60-80 metres wide, showing similarities to the Salbora discovery IP signature (see attached Figures). Yannis Tsitos, President, commented, "Since the discovery and delineation of the Salbora deposit, the Company been focused on comparing IP anomalies with historic exploration results to priorize our drill targets. This compilation has led us to the new discovery at Powis with a drill hole intercept of 10.5 metres grading 9.94 grams per tonne (gpt) gold (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 (invein). Our goal during Q1, 2020 is to further expand on these initial positive results from the Powis and complete initial drilling at Toucan. By March, we will have 3 drill rigs operating at Eagle Mountain for both in-fill drilling of deposits and potential expansion of new discoveries." | |
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