Goldsource Mines Inc. (TSXV: GXS) has intersected mineralisation along an estimated 250 m of strike and down to 170 m depth in exploration drilling at the company’s 100%-owned Eagle Mountain Gold Project in Guyana, South America.
The latest results are for a new prospect located within the Eagle Mountain Prospecting License (EMPL) and proximal to the Eagle Mountain deposit. This prospect, called Soca, was discovered in late 2021 as part of the company’s Phase-2 exploration programme.
Soca Prospect Highlights:
- Results for 20 core holes totalling 3,126 m.
- Drilling to date has intersected mineralisation along an estimated 250 m of strike and down to 170 me depth, with high-grade gold intervals as well as broader zones of lower grade mineralization. The mineralized structures remain open in all directions.
- Most significant drill intercepts are:
- 6.0 meters grading 18.31 grams per tonne (gpt) in EMX21-010 at 130 metres vertical depth. This includes a higher-grade sub-interval of 1.5 metres grading 69.96 gpt gold.
- 9.0 meters grading 9.29 gpt gold in EMX21-012 at 103 metres vertical depth.
- 21.0 metres grading 3.13 gpt gold in EME21-167 at 105 metres vertical depth. This includes 6.0 metres grading 4.29 gpt gold and 6.0 metres grading 5.56 gpt gold.
- 36.0 metres grading 2.12 gpt gold in EME21-171 at 77.0 metres vertical depth. This includes a higher-grade sub-interval of 15.0 metres grading 4.14 gpt gold.
- 13.5 metres grading 4.70 gpt gold in EME21-161 within a wider zone of 54.0 metres grading 1.31 gpt gold at 55.0 metres vertical depth.
The Soca Prospect was one of several areas tested as part of the company’s 2021 Phase-2 drill programme, which was initiated in September after completion of the larger 17,500 m infill and expansion programme.
CEO, Steve Parsons, said the Phase-2 programme was designed to test known geophysical and geochemical targets as well other areas of interest proximal to the Eagle Mountain deposit. With several targets worthy of follow-up work, the company announced an increase to the 2021 Phase-2 drill programme to 9,000 m from the initial 5,000 m. It was the discovery of the Soca Prospect in late 2021 that drove the increase in meterage and expanded scope.
“Soca provides another example of the prospectivity of the EMPL, including areas that are proximal to the Eagle Mountain deposit,” Mr Parsons said.
“The drill results for Soca follow the high-grade Toucan results released in late 2021, which were also part of the Phase-2 programme. In the case of Soca, it will not be included in the Mineral Resource Update, which the company is planning to release in the coming weeks.
“The Soca Prospect will, however, feature in the 2022 exploration programme with drilling planned to test strike and up-dip extensions. This will proceed concurrently with a generative exploration programme in which earlier-stage targets will be evaluated, many for the first time in several years. We look forward to reporting on these activities through 2022.”
For further information please visit: http://www.goldsourcemines.com/
