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Goldsource Mines Inc. (V:GXS)

Business Focus: Gold Mining

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Jun 14, 2019 09:46 am ET
Goldsource Mines Reports 2019 AGM Voting Results and Stock Option Grants
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2019) - Goldsource Mines Inc. (TSXV: GXS) (FSE: G5M) ("Goldsource" or the "Company") reports on the following matters:
May 21, 2019 09:00 am ET
Goldsource Announces Exploration Update at Salbora Discovery and Positive Airborne Geophysics
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2019) -  Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FWB: G5M) ("Goldsource" or the "Company") is pleased to provide an exploration update for the high-grade Salbora discovery ("Salbora"), which includes the results from the reprocessing and re-interpretation of the 2007 airborne magnetic and radiometric surveys. Also, a second diamond drill conractor is being mobilized to increase drilling at Salbora, located approximately 1.5 kilometres northwest of the main Eagle Mountain Gold Project deposit ("Eagle Mountain" or "Project").
Apr 11, 2019 01:21 pm ET
Goldsource Closes $7,479,600 Brokered Private Placement, Agents' Option Exercised in Full
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2019) - Goldsource Mines Inc. (TSXV: GXS) (FSE: G5M) ("Goldsource" or the "Company") is pleased to announce the completion of its brokered private placement offering announced on March 12, 2019, whereby the Company issued a total of 62,330,000 units of the Company ("Units") at a price of $0.12 per Unit for gross proceeds of $7,479,600 (the "Offering"). Each Unit consisted of one common share of Goldsource ("Common Shares") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.20 until April 11, 2021. The completed Offering includes exercise in full of the agents' 15% option to purchase additional Units at $0.12 per Unit.
Mar 12, 2019 08:00 am ET
Goldsource Mines Announces Cdn$5.0 Million Brokered Private Placement
Goldsource Mines Inc. (“Goldsource” or the “Company”) is pleased to announce that it has entered into an agreement with PI Financial Corp. which will be leading a syndicate of agents (collectively, the “Agents”) in connection with a private...
Mar 06, 2019 08:00 am ET
Goldsource Expands Salbora Discovery; 49.5 Metres (31.8 Metres Est. True Width) Grading 2.90 g/t Au 39.0 Metres (25.0 Metres Est. True Width) Grading 2.78 g/t Au
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."
Feb 11, 2019 02:13 pm ET
Report of Disposition of Beneficial Ownership of Common Shares of Goldsource Mines Inc.
Vancouver, British Columbia--(Newsfile Corp. - February 11, 2019) - Donald Smith Value Fund, L.P. (the "Fund") reports that it has disposed of deemed beneficial ownership and control of 5,882,253 common shares ("Common Shares") of Goldsource Mines Inc. ("Goldsource") through the expiry on February 8, 2019 of unexercised warrants for the purchase of the same number of Common Shares.
Jan 25, 2019 09:00 am ET
Goldsource Announces Grant of Stock Options
Vancouver, British Columbia--(Newsfile Corp. - January 25, 2019) -  Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FWB: G5M)("Goldsource" or the "Company") announces the grant of stock options to directors, officers, employees and consultants exercisable for 3,400,000 common shares of the Company at a price of $0.13 per share for a five year term expiring January 24, 2024. A 12-month vesting schedule will apply to stock options exercisable for 150,000 common shares pursuant to which 25% of the options shall vest on April 25, 2019 and a further 25% shall vest every 3 months thereafter until fully vested.
Jan 23, 2019 09:00 am ET
Goldsource Announces Salbora High-Grade Discovery; 69 Metres (40 Metres Est. True Width) Grading 6.52 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2019) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FWB: G5M) ("Goldsource" or the "Company") is pleased to report a new high-grade discovery from the first two diamond core hole results based on the ongoing exploration program at the Salbora target ("Salbora"), Eagle Mountain Gold Project ("Eagle Mountain" or "Project") in Guyana. Salbora is located approximately 1.5 kilometres northwest of Eagle Mountain.
Jan 17, 2019 04:00 pm ET
Goldsource Closes $1.3 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2019) - Goldsource Mines Inc. (TSXV: GXS) (FSE: G5M) ("Goldsource" or the "Company") is pleased to announce the completion of its previously announced non-brokered private placement whereby the Company issued a total of 26,000,000 units of the Company ("Units") at a price of Cdn$0.05 per Unit for gross proceeds of Cdn$1,300,000. Each Unit consisted of one common share and one common share purchase warrant of Goldsource. Each warrant is exercisable to acquire one common share of Goldsource at an exercise price of Cdn$0.09 until January 17, 2021.
Jan 14, 2019 08:26 am ET
Goldsource Mines Inc. Exhibiting at Booth 635, Vancouver Resource Investment Conference, Jan 20-21, 2019
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2019) - Goldsource Mines Inc. (TSXV: GXS) (OTC: GXSFF) would like to cordially invite you to visit us at Booth #635 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 20 - Monday January 21, 2019.
Jan 10, 2019 01:38 pm ET
Goldsource Mines Announces Increased Private Placement of up to Cdn$1.3 Million
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2019) - Goldsource Mines Inc. (TSXV: GXS) (FSE: G5M) ("Goldsource" or the "Company") is pleased to announce that, due to demand from potential investors, its non-brokered private placement announced on December 4, 2018 has been increased by Cdn$300,000 (or 6,000,000 Units) to up to 26,000,000 Units at a price of Cdn$0.05 per Unit for gross proceeds of up to Cdn$1,300,000 (the "Offering"). Each Unit will consist of one common share and one common share purchase warrant of Goldsource, with each warrant being exercisable for one common share of Goldsource at a price of Cdn$0.09 for a term of 2 years.
Dec 04, 2018 09:00 am ET
Goldsource Mines Announces Private Placement of up to Cdn$1.0 Million
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2018) - Goldsource Mines Inc. (TSXV: GXS) (FSE: G5M) ("Goldsource" or the "Company") announces that it has arranged a non-brokered private placement for up to Cdn$1,000,000 comprised of up to 20,000,000 units at a price of Cdn$0.05 per unit (the "Offering"). Each unit will consist of one common share and one common share purchase warrant of Goldsource, with each warrant being exercisable for one common share of Goldsource at a price of Cdn$0.09 for a term of 2 years.
Sep 13, 2018 09:00 am ET
Goldsource Announces High Metallurgical Recoveries for Eagle Mountain
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2018) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FSE: G5M) ("Goldsource" or the "Company") is pleased to report high metallurgical recoveries and positive grinding cost-benefit analysis at its 100%-owned Eagle Mountain Gold Project ("Eagle Mountain") in Guyana, South America. The metallurgical results show an average gold recovery of 96.7%, of which 24.4% of the recovery was from gravity tests and the remaining recovery was through cyanidation. The metallurgical testwork was conducted by SGS Canada Inc. at Lakefield, Ontario ("SGS Lakefield") under the supervision of Tetra Tech Inc. ("Tetra Tech"). The Company has retained the services of Tetra Tech, an independent Vancouver based company to complete a PreFeasibility Study ("PFS") for a potential large-scale open pit, gravity-cyanidation operation at Eagle Mountain.
Aug 13, 2018 09:05 am ET
Report of Acquisition of Beneficial Ownership of Common Shares of Goldsource Mines Inc.
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2018) - Donald Smith Value Fund, L.P. (the "Fund") reports that it has acquired deemed beneficial ownership and control of 10,230,000 common shares ("Common Shares") of Goldsource Mines Inc. ("Goldsource") through the private placement purchase on August 10, 2018 of 6,820,000 units of Goldsource ("Units") at Cdn.$0.055 per Unit for total consideration paid of Cdn.$375,100. Each Unit consisted of one Common Share and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"), with each Warrant being exercisable to purchase one Common Share at Cdn.$0.09 until August 10, 2020 (the "Private Placement").
Aug 13, 2018 09:00 am ET
Goldsource Closes $1.0 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2018) - Goldsource Mines Inc. (TSXV: GXS) (FSE: G5M) ("Goldsource" or the "Company") is pleased to announce the completion of its previously announced non‑brokered private placement whereby the Company issued a total of 18,294,544 units of the Company ("Units") at a price of Cdn$0.055 per Unit for gross proceeds of Cdn$1,006,200. Each Unit consisted of one common share and one-half of one common share purchase warrant of Goldsource. Each whole warrant is exercisable to acquire one common share of Goldsource at an exercise price of Cdn$0.09 until August 10, 2020.
Jul 18, 2018 09:00 am ET
Goldsource Mines AnnouncesPrivate Placement of up to Cdn$1.0 Million
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2018) - Goldsource Mines Inc. (TSXV: GXS) (OTC: GXSFF) ("Goldsource" or the "Company") announces that it has arranged a non‑brokered private placement for up to Cdn$1,000,000, comprised of up to 18,181,819 units at a price of Cdn$0.055 per unit (the "Offering"). Each unit will consist of one common share and one-half of one common share purchase warrant of Goldsource, with each whole warrant being exercisable for one common share of Goldsource at a price of Cdn$0.09 for a term of two (2) years.
Jul 12, 2018 03:11 pm ET
Goldsource Reports High-Grade Results from Salbora and Initial Results from Bishop Growler; 2.0 metres Grading 87.51 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - July 12, 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 and initial results for the Bishop Growler target at its Eagle Mountain Gold Project in Guyana (see attached Figures). The Company has received assay results from shallow auger drilling completed at Salbora, which is located approximately 1.5 kilometres northwest of the Eagle Mountain deposit. Results from the first 14 auger holes drilled in Salbora returned gold mineralization in four holes (AS18-136 to 139) with an average length and grade of 4.0 metres at 1.20 g/t gold from surface (see tables below). All holes bottom in mineralized saprolite. At Bishop Growler, the Company has received results from 28 shallow holes completed by the Geoprobe drill and 124 auger shallow holes. The most significant holes were EMC18-066 with 2.0 metres grading 87.51 g/t gold and EMC18-085 with 1.0 metre grading 13.60 g/t gold. Both holes intercepted near surface high-grade gold mineralization in saprolite. In-fill drilling at the main Eagle Mountain Deposit intercepted high-grade mineralization in several holes (see tables below).
May 24, 2018 09:00 am ET
Goldsource Announces Discovery and Additional Exploration Results at Eagle Mountain; 123 metres Grading 1.92 gpt Au
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2018) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FSE: G5M) ("Goldsource" or the "Company") announces a new discovery and further positive results on its ongoing saprolite exploration program at its 100% owned Eagle Mountain Gold Project ("Eagle Mountain" or the "Project") in Guyana, South America. This new discovery, "Salbora" area, is approximately 1.5 kilometres northwest of the Eagle Mountain deposit (see attached Figures). Through diamond drilling, the Company has also received positive results on a previously announced expansion target, "Friendly" area, located at the northern edge of the Eagle Mountain deposit (refer to the Company's news release dated August 28, 2017). In addition to expansion drilling, the Company is conducting in-fill drilling, geotechnical evaluation of potential tailings storage areas, and metallurgical test work in order to update its resource estimate for the ongoing Pre-Feasibility Study ("PFS") in the second half of 2018. Goldsource has retained the services of Tetra Tech Canada Inc., an independent Vancouver based company to complete a PFS for a potential large-scale open pit, gravity-cyanidation operation at Eagle Mountain.
May 17, 2018 09:00 am ET
Goldsource Announces High Metallurgical Test Recoveries at Eagle Mountain
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2018) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FSE: G5M) (“Goldsource” or the “Company”) announces positive metallurgical test results on its ongoing saprolite expansion program, at its 100%-owned Eagle Mountain Gold Project (“Eagle Mountain”) in Guyana, South America. In addition to ongoing drilling and trenching at Eagle Mountain, the Company is progressing on metallurgical test work including grinding cost-benefit analysis studies.  Yannis Tsitos, President, commented, “We are pleased with the positive metallurgical test results received to date from saprolite bulk sampling that was completed in late 2017. Gravity and cyanidation metallurgical results show average total gold recoveries of 97.3%. Our next phase of testing will focus on material grind size versus gold recovery to determine optimum criteria to be used in the ongoing Pre-Feasibility Study. Expansion and infill drilling continues at Eagle Mountain with the next results being compiled and released within the next 10 days.”The Company’s metallurgical testing is being completed at SGS Canada Inc. at Lakefield, Ontario for the ongoing Pre-Feasibility Study (“PFS”). Twenty-four (24) representative bulk samples, totaling 500 kilograms, were collected at Eagle Mountain in late 2017. The laboratory head assays show sample grades ranging from 0.39 to 1.29 gpt gold (average of 0.98 gpt) for the drill core samples, 0.77 gpt gold for the existing gravity tailings and 1.99 gpt gold for the stockpiled coarse materials (+2 mm).
Apr 05, 2018 08:30 am ET
Goldsource Options Strategic Land Position in Guyana
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2018) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FSE: G5M) ("Goldsource" or the "Company") is pleased to announce that on March 29, 2018, the Company, through its subsidiary and with its local joint venture partner in Guyana, Kilroy Mining Inc., executed a definitive agreement with a local Guyanese individual (the "Owner") for the option to explore and purchase a 100% interest in the Bishop Growler Property ("Bishop Growler" or the "Property").
Mar 02, 2018 09:00 am ET
Goldsource Mines to Present at Guyana Mining Day PDAC Conference 2018, Toronto
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2018) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FWB: G5M) ("Goldsource" or the "Company") will be attending the 2018 Prospectors and Developers Association of Canada ("PDAC") international convention and Investors Exchange in Toronto on March 4-7, 2018.
Feb 01, 2018 09:00 am ET
Goldsource Announces Option to Purchase Strategic Land Position; Provides Corporate Update and Grants Options
Vancouver, British Columbia--(Newsfile Corp. - February 1, 2018) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FWB: G5M) ("Goldsource" or the "Company") is pleased to announce that through its local joint venture partner, Kilroy Mining Inc. ("Kilroy"), it has entered into an option agreement to acquire a 100% interest in a property ("Bishop Growler" or the "Property") located along the projected mineralized trend three (3) kilometres from the Company's 100% owned Eagle Mountain Gold Project ("Eagle Mountain" or the "Project") in Guyana, South America. The Company has also appointed an Executive Chair and granted stock options.
Jan 19, 2018 09:00 am ET
Goldsource Closes $1.8 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2018) - Goldsource Mines Inc. (TSXV: GXS) (FSE: G5M) ("Goldsource" or the "Company") is pleased to announce the completion of its previously announced non‑brokered private placement whereby the Company issued a total of 36,418,000 units of the Company ("Units") at a price of $0.05 per Unit for gross proceeds of $1,820,900. Each Unit consisted of one common share of Goldsource and one common share purchase warrant. Each warrant is exercisable to acquire one common share of Goldsource at an exercise price of $0.10 until January 18, 2020.
Jan 15, 2018 07:25 pm ET
Goldsource Mines Provides Private Placement Update
Vancouver, British Columbia--(Newsfile Corp. - January 15, 2018) - Goldsource Mines Inc. (TSXV: GXS) (FSE: G5M) (the "Company") is pleased to announce that its private placement for $1.0 million announced on December 18, 2017 and increased to $1.8 million as announced on January 5, 2018 has been oversubscribed.  As a result, the Company has received conditional TSX Venture Exchange approval for a private placement of a total of 36,418,000 units, which is now expected to close on January 18, 2018.  The terms of the private placement remain otherwise unchanged."
Jan 05, 2018 03:08 pm ET
Goldsource Mines Announces Increased Private Placement up to $1.8 Million
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2018) - Goldsource Mines Inc. (TSXV: GXS) (FSE: G5M) (the "Company") is pleased to announce that, due to demand from potential investors, its non‑brokered private placement announced on December 18, 2017 has been increased by $800,000 (or 16,000,000 Units) to up to 36,000,000 Units at a price of $0.05 per Unit for gross proceeds of up to $1,800,000 (the "Offering"). The Company may pay a 6% finders' fee on part of the Offering. The terms of the Offering and the Units and the proposed use of proceeds are otherwise as previously disclosed.
Dec 18, 2017 09:00 am ET
Goldsource Mines Announces Private Placement of up to Cdn$1.0 Million
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2017) - Goldsource Mines Inc.  (TSXV: GXS) (OTCBB: GXSFF) (FWB: G5M) ("Goldsource" or the "Company") announces that it has arranged a non‑brokered private placement for up to Cdn$1,000,000 comprised of up to 20,000,000 units at a price of Cdn$0.05 per unit (the "Offering"). Each unit will consist of one common share and one common share purchase warrant of Goldsource, with each warrant being exercisable for one common share of Goldsource at a price of Cdn$0.10 for a term of 2 years.
Nov 16, 2017 09:00 am ET
Goldsource Continues to Expand Eagle Mountain Mineralized Saprolite
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2017) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FWB: G5M) ("Goldsource" or the "Company") announces further positive results on its ongoing saprolite expansion and in-fill drilling program, at its 100% owned Eagle Mountain Gold Project ("Eagle Mountain" or the "Project") in Guyana, South America. In addition to both core and auger drilling (see attached Figures), the Company is progressing on metallurgical test work (see attached Figure) and grinding cost-benefit analysis studies at Eagle Mountain. Goldsource is conducting these studies with the assistance of Tetra Tech Canada Inc. ("Tetra Tech"), a Vancouver based company retained by Goldsource (see May 31, 2017 news release) to complete an independent Pre-Feasibility Study ("PFS") for a potential large-scale open pit, gravity-cyanidation operation at Eagle Mountain.
Dec 14, 2016 05:00 pm ET
Goldsource Provides Corporate Update
(TSX-V: GXS) (OTCBB: GXSFF) (FWB: G5M)
Dec 14, 2016 05:00 pm ET
Goldsource Provides Corporate Update
(TSX-V: GXS) (OTCBB: GXSFF) (FWB: G5M)...
Oct 13, 2016 10:00 am ET
Goldsource Reports Production Results for Q3 2016
(TSX-V: GXS) (OTCBB: GXSFF) (FWB: G5M)
Oct 13, 2016 10:00 am ET
Goldsource Reports Production Results for Q3 2016
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Aug 25, 2016 06:00 pm ET
Goldsource Revises 2016 Production Guidance
(TSX-V: GXS) (OTCBB: GXSFF) (FWB: G5M)                                                      
Aug 25, 2016 06:00 pm ET
Goldsource Revises 2016 Production Guidance
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Aug 17, 2016 12:21 am ET
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Jun 23, 2016 08:10 pm ET
Goldsource Reports Results of AGM
(TSX-V: GXS) (OTCBB: GXSFF) (FWB: G5M)
Jun 23, 2016 08:10 pm ET
Goldsource Reports Results of AGM
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Mar 07, 2016 09:00 am ET
Goldsource Announces First Gold Pour At Eagle Mountain
(TSX-V: GXS) (OTCBB: GXSFF) (FWB: G5M) 
Mar 07, 2016 09:00 am ET
Goldsource Announces First Gold Pour At Eagle Mountain
(TSX-V: GXS) (OTCBB: GXSFF) (FWB: G5M) ...
Feb 10, 2016 09:00 am ET
Goldsource Mines Talks About Its Guyana Gold Project at Vancouver Resource Investment Conference 2016
Investorideas.com, a digital global news source covering leading sectors including mining, stocks issues and video coverage from the recent Vancouver Resource Investment Conference (January 24-25, 2016), featuring a presentation and commentary about...
Feb 02, 2016 12:06 pm ET
Goldsource Announces Grant of Stock Options
(TSX-V: GXS) (OTCBB: GXSFF) (FWB: G5M)                                                                    
Feb 02, 2016 12:06 pm ET
Goldsource Announces Grant of Stock Options
(TSX-V: GXS) (OTCBB: GXSFF) (FWB: G5M)                                                                     ...
Jan 28, 2016 08:00 am ET
Goldsource Begins Commissioning of Eagle Mountain Mine
(TSX-V: GXS) (OTCBB: GXSFF) (FWB: G5M)       
Jan 28, 2016 08:00 am ET
Goldsource Begins Commissioning of Eagle Mountain Mine
(TSX-V: GXS) (OTCBB: GXSFF) (FWB: G5M)       ...