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Goldsource Mines expands Salbora discovery

Mining News - Published on Mon, 11 Mar 2019

Image Source: Prospector News
Goldsource Mines Inc announced an expansion of the high-grade Salbora discovery from new diamond drilling at the Eagle Mountain Gold Project in Guyana. Salbora is located approximately 1.5 kilometres northwest of Eagle Mountain. Results from four additional core holes show expansion of near surface high-grade gold mineralization adjacent to previously announced drill results. 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. 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, "Followup 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 WO 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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Posted By : Rabi Wangkhem on Mon, 11 Mar 2019
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