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: | 10/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-10-2018: Goldsource Mines Inc. announces an Exploration/Drilling Update report for its Salbora deposit at the Eagle Mountain project. Drilling results incl. 17.0m @ 3.84g/t Au from 0.0m. Vancouver, British Columbia--(Newsfile Corp. - October 25, 2018) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Eric Fier (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - October 25, 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 at its Eagle MountainGold Project inGuyana (see attached Figures). The Company has received assay results from additional shallow auger drilling, deeper Geoprobe sonic drilling and additional trenching completed at Salbora, which is located approximately 1.5 kilometres northwest of the Eagle Mountain deposit. Results from this additional work in saprolite has significantly expanded the mineralized footprint of this target which now measures approximately 500 metres in length and 100 metres wide and open in most directions. Exploration work will continue at Salbora to better define the mineralized envelope in this area inQ4, 2018. Yannis Tsitos, President, commented, "The additional results from Salbora are encouraging and show potential to further expand the near surface saprolite gold resource at the Eagle MountainGold Project. We continue with drilling and trenching to follow up, both laterally and at depth, on the higher grade near surface mineralized saprolite intercepted in all defined targets. The results from the ongoing trenching and drilling will be included in an updated Eagle Mountain resource within the next 6 months. Deeper diamond holes are planned at Salbora to provide a better understanding of the gold mineralization and potential size of this new discovery." The most significant result for drilling was EMC18-095 with 15.0 metres grading 3.84 grams per tonne ("g/t") gold (or "Au") and EMC18-094 with 17.0 metre grading 1.85 g/t gold. Both holes intercepted near surface high-grade gold mineralization in saprolite. The most significant result for trenching was TRBS18-005 with 28.0 metres grading 2.88 g/t gold and TRBS18-011 with 37.0 metres grading 1.70 g/t gold. The following table states the more significant results for this release (uncut, undiluted): | |
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