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Goldsource Mines Inc.
Summary
| Project: | Eagle Mountain | |
|---|---|---|
| Deposit: | Salbora | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 3/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-3-2019: Goldsource Mines Inc. announces an Exploration/Drilling Update report for its Salbora deposit at the Eagle Mountain project. Drilling results incl. 49.5m @ 2.90g/t Au from 0.0m. Vancouver, British Columbia--(Newsfile Corp. - March 6, 2019) - Gol | |
| Resources: | X | |
| CP/QP: | [Overall Report]: Eric Fier (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - March 6, 2019) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FSE: G5M) ("Goldsource" or the "Company") is pleased to announce an expansion of the high-grade Salbora discovery ("Salbora") from new diamond drilling at the Eagle MountainGold Project ("Eagle Mountain" or "Project") inGuyana. Salbora is located approximately 1.5 kilometres northwest of Eagle Mountain. Results from four (4) additional core holes show expansion of near surface high-grade gold mineralization adjacent to previously announced drill results (see Jan. 23, 2019 news release). Salbora exploration results to date have initially drill-tested a gold mineralized footprint of approximately 150 metres long by 100 metres wide by 30 to 60 metres deep, and is open to depth and along strike (see attached Figures). The weighted average grade of the drill intercepts from diamond core drilling in this initial footprint is 3.30 g/t Au. The drill-tested area is inclusive of a larger, more regional, and potentially mineralized surface footprint of 500 to 1000 metres long, 50 to 100 metres wide, and open to depth. Further step out drilling is planned at Salbora in H1, 2019 to help better define this new high-grade discovery. Yannis Tsitos, President, commented, "Follow up diamond drilling shows the potential to delineate a near surface high-grade gold deposit in the Salbora area. This discovery has the potential to expand and complement the current Eagle Mountain resource. It is early days and we are just beginning to develop our understanding of the potential of Salbora. The grade and potential size of this new area has the possibility of being transformative for Goldsource. The Company is currently completing step out diamond core drilling at approximately 100 metre centres along the suggested strike of Salbora. This work will further test continuity of high-grade mineralization and increase our understanding of the overall grade and size of this discovery." | |
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