GOLDSOURCE MINES INC.
Newly reported results are for 55 core holes totaling 7,886 metres from the Friendly, Bacchus,
The Company's focus through the first nine months of 2021 was to complete infill and expansion drilling of the Eagle Mountain deposit in preparation for an updated Mineral Resource Estimate ('MRE'). This drilling was designed to upgrade a significant portion of current near-surface Inferred Mineral Resources to the Indicated category through infill drilling and to test for lateral and depth extensions through expansion drilling. The results reported in this release constitute most of the remaining infill and expansion holes planned for the 2021 program.
Since
With the infill and expansion drilling of the Eagle Mountain deposit substantially complete, the Company has re-initiated exploration activities, drill testing known geophysical targets and following up on prospects along the north-south Salbora-Powis structural trend. This 5,000-metre exploration program was detailed in the Company's
'Drilling will continue, however, as the property is still relatively underexplored, both along the Salbora-Powis trend and on the eastern side of the Prospecting License. The Salbora-Powis trend is currently the subject of a 5,000-metre program, which kicked off in September and will continue into early December. We look forward to sharing these results as assays become available.'
ABOUT
Contact:
Tel: +1 (604) 694-1760
Fax: +1 (604) 357-1313
Email: info@goldsourcemines.com
Web: www.goldsourcemines.com
CAUTIONARY STATEMENT AND FORWARD-LOOKING DISCLAIMER
This news release contains 'forward-looking statements' within the meaning of Canadian securities legislation. Such forward-looking statements concern Goldsource's strategic plans, timing of preparation of an updated MRE, timing and expectations for the Company's exploration and drilling programs at Eagle Mountain and information regarding high grade areas projected from sampling results and drilling results. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results and availability of mining equipment; availability of skilled labour; timing and amount of capital expenditures; performance of available laboratory and other related services; the impact of the COVID-19 pandemic on operations and future operating costs. The actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors including: the timing and content of work programs; the ultimate impact of the COVID-19 pandemic on operations and results, results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the uncertainties of resource estimations; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; delays in release of an updated mineral resource, availability of funds and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
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