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Goldsource Mines Announces Expansion of Friendly Prospect at Eagle Mountain

Mining News - Published on Thu, 21 May 2020

Image Source: Goldsource Mines Friendly Prospect
Goldsource Mines Inc announced additional drill results from the Friendly prospect located immediately north of the Eagle Mountain Gold Project in Guyana, South America. Results announced today represent 10 core holes over 2,065 metres. Combined with previous drilling by Goldsource and historic drilling totalling 17 core holes (1,670 metres) at the Friendy prospect, this suggests potential for an initial strike of 250 metres long by 500 metres wide which includes numerous near vertical, closely-spaced, and parallel gold mineralized structures. The prospect remains open along strike, to depth, and appears be connected to the Bottle Bank area, located 500 metres to the south, which is part of Eagle Mountain (see attached Figures).

Yannis Tsitos, President, commented, "The expansion of the Friendly prospect was the result of management's focus to identify new resource targets near Eagle Mountain using a compilation of previous drill results and recent geophysical surveys. Friendly is conveniently located near Eagle Mountain and it represents another potential source of both saprolite and hard rock mineralized material. Recent discoveries and expansions of gold mineralization are key to achieving our resource target of 1.3 to 1.6 million ounces of gold. After the recent discovery of the high-grade, north-south trending, 2-kilometres long, auriferous Salbora-Toucan-Powis structural zone, drilling at Friendly has initially tested our interpretation of a second subparallel structural zone. Additional drilling is planned for Friendly, following the lifting of COVID-19 restrictions, which will focus on shallower near surface saprolite mineralization."

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Posted By : Yogender Pancholi on Thu, 21 May 2020
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