For thousands of other reports visit RSC's Mineral Intellingence Map
Goldsource Mines Inc.
Summary
| Project: | Eagle Mountain | |
|---|---|---|
| Deposit: | Salbora | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 11/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-11-2019: Goldsource Mines Inc. announces an Exploration/Drilling Update report for its Salbora deposit at the Eagle Mountain project. Drilling results incl. 80.0m @ 2.07g/t Au from 16.0m. Vancouver, British Columbia--(Newsfile Corp. - November 13, 2019 | |
| Resources: | (Resource): 3.9Mt @ 1.49g/t Au (Ind.) and 20.6Mt @ 1.19g/t Au (Inf.) at Eagle Mountain | |
| CP/QP: | [Overall Report]: N. Eric Fier (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - November 13, 2019) - Goldsource Mines Inc. (TSXV:GXS) (OTCQB:GXSFF) (FWB:G5M) ("Goldsource" or the "Company") is pleased to announce expansion drill results for the Salbora deposit ("Salbora") located approximately 1.5 kilometres northwest of the main Eagle Mountain Gold Project in Guyana, South America. In summary, the drill results have expanded Salbora to a current high-grade footprint of approximately 600 metres long by 10 to 150 metres wide, narrowing to the south, by 75 to 150 metres deep (see attached Figures). Gold mineralization is open in most directions. Newly reported hole EME19-019 is a step out hole that is 150 metres north of the Salbora discovery holes and intercepted 76.5 metres grading 1.18 grams per tonne ("gpt") gold ("Au"). New drill results have doubled the drill-tested strike length of gold mineralization and confirmed sulfide-rich gold mineralization that is suggested in geophysical interpretations (please refer to the Company's news release dated August 28, 2019). From the total drilling at Salbora of approximately 8,250 meters, the weighted average gold grade within this semi-continuous mineralized footprint is 2.58 gpt Au. This makes the Salbora deposit the highest grade, gold mineralized, near-surface deposit on the Eagle Mountain property and a significant complement to the nearby Eagle Mountain deposit which contains an established indicated resource of 3.9 million tonnes grading 1.49 gpt gold (188,000 ounces of contained gold) and inferred resources of 20.6 million tonnes grading 1.19 gpt gold (792,000 ounces of gold). Please refer to the Technical Report "Preliminary Economic Assessment of the Eagle Mountain Saprolite Gold Project, Guyana" dated September 12, 2014 ("the PEA") for further information. The PEA excludes Salbora and other peripheral targets near Eagle Mountain defined by drilling since May 2017. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report