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Goldsource Mines Inc. (V:GXS)

Business Focus: Gold Mining

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Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for GXS within the last 6 months
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Company News

Aug 28, 2019 08:00 ET
Goldsource Announces Initial Geophysical Survey Results and Provides Drilling Update for Salbora
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2019) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FWB: G5M) ("Goldsource" or the "Company") is pleased to announce initial geophysical survey and drilling results for the Salbora discovery ("Salbora") and surrounding area located approximately 1.5 kilometres northwest of the main Eagle Mountain Gold Project in Guyana, South America. In summary, the results of the initial ground geophysical survey (induced polarization ("IP"), resistivity and magnetics) have outlined the presence of at least five sulphide-rich target areas with a cumulative strike length of approximately four kilometres (see attached Figures). Salbora is located within an estimated 600 metre long by 100 metre wide sulphide-rich geophysical anomaly trending northwest to north. Additional drill results combined with the geophysical anomaly for the Salbora area show an expansion of gold mineralization of approximately 200 metres to the northwest of the discovery hole EMD18-053 (40 metres true width grading 6.52 grams per tonne ("gpt") gold ("Au")), then dissipating into narrow gold intervals towards that direction. Step-out drilling along the northwest bearing structural trend beyond Salbora was generally negative in lower sulphide anomaly areas. However, the north to south bearing structural trend with sulphide anomalies has yet to be tested. Step-out drilling on the southern portion of Salbora is currently ongoing. Drilling of a newly defined sulphide-rich geophysical target, Apollo, located approximately 700 metres northwest of Salbora (see attached Figures) showed sulphides in a lithology-controlled horizon, potentially alteration related, with generally minor gold results to date, pending further results.
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Jun 14, 2019 09:46 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:
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Valuation Ratios

Industry
Sector
Beta
3.27
--
--
Price to Sales - TTM
--
7.00
6.70
Price to Book - most recent quarter
2.14
1.98
1.99
Price to Cash Flow per share - TTM
--
8.45
8.72
Price to Free Cash Flow per share - TTM
--
31.54
22.66
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Sep 15, 2019165,693-45,207
Aug 31, 2019210,900146,869
Aug 15, 201964,0319,295
See Short Report

Business Summary

Sector:  Basic Materials Industry:  Gold

Goldsource Mines Inc. is a resource company. The Company is engaged in exploration and development. The Company is involved in the acquisition, exploration and evaluation of resource properties located in Canada and Guyana. The Company focuses to advance its Eagle Mountain Gold Project in Guyana, South America towards initial production. Its other mineral interests consist of coal exploration properties located in Saskatchewan, including the Border Coal Project. The Company, through its subsidiary, Stronghold Guyana Inc., holds a prospecting license on the Eagle Mountain Gold Project. The Eagle Mountain gold project is located approximately 200 kilometers southwest of Guyana's capital, Georgetown and over 50 kilometers from the Omai Gold Mine. The Border Coal Project is located on the eastern edge of central Saskatchewan, approximately 50 kilometers north of the town of Hudson Bay. The Border Property consists of approximately 16,070 hectares.

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