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Saskatchewan - Border |
BORDER PROPERTY
The Border Property is Goldsource Mines’ flagship with 128,352 hectares in coal permits which focus on a recent coal discovery. Exploration drilling of geophysical targets in 2008 revealed the potential for a major coal deposit. The Company is currently in the process of delineation drilling which will hopefully lead to a resource estimation and preliminary assessment. Other targets are also being investigated as potential coal basins outside of the main 2008 discovery area.
Location and Property
The Border Property is located on the eastern edge of central Saskatchewan. Several world-class mining districts and mineral deposits already exist in Saskatchewan, including a high-grade uranium deposit, the world’s largest potash reserve and diamondiferous kimberlites. Saskatchewan has a history of resource development and is open to mining.
The Border Property is situated along the Durango Coal Trend, which continues to the southeast and northwest of the property. Infrastructure around the Border Property is excellent. The town of Hudson Bay is located 45 km south and with approximately 2000 inhabitants and includes a skilled labor force. Both Provincial Highway 9 and a CN railroad line transect the property and are within 5 km of the coal zone discoveries. A 230kv power line is located 70 kilometres north and water resources are present.
The property is comprised of 183 coal permits and measures approximately 35 by 35 kilometres in size or over 128,352 hectares. Goldsource Mines Inc. has a 100% interest in the project.
History
In April 2008 while drilling geophysical anomalies for diamonds, Goldsource Mines Inc. intersected approximately 23 metres of coal in two discovery drill holes, 1.6 kilometres apart. Both returned significant intervals of high volatile bituminous B to sub-bituminous C thermal coal in the Chemong target area.
In the summer of 2008, a total of 9 core holes (including 2 twins of the April 2008 holes) were drilled as follow-up to earlier results in the Chemong area. Coal zone intercepts were encountered in 7 of the holes. The most significant “continuous” coal zone intervals were found in; hole BD08-05, (with approximately 36 metres of dull to bright coal with minor coal partings), and hole BD08-06, (with 24 metres of similar visual coal characteristics).
A 2009 winter program was planned to follow-up on the 2008 drilling. From January to March 2009 this drill program has been underway and successful in further delineating the Chemong area targets as well as identifying new areas of coal occurrence. The Pasquia area, which extends north of the Chemong, has returned very encouraging results, particularly around 2008 holes BD08-2 and BD08-5. Further work is required to fully understand the lateral extent of this area.
Geologic Setting
The Durango Trend is a term coined by Goldsource Mines Inc. to identify a NW to SE trending zone of similar geology containing geophysical signatures indicative of basinal settings conducive to coal deposition. The Durango Trend continues from Lac Longe, Saskatchewan to Dauphin, Manitoba and is approximately 600 km in length. Goldsource has completed coal applications and acquired coal permits along this trend to establish exploration projects, of which the Border project is the most advanced.
Deposit Geology
Geologically, the setting for coal deposition is currently assumed to have formed in fresh water to marine estuarine environment similar to that seen in the present day Florida everglades with low-velocity water flow (low energy environment) and with vegetation accumulation into basins, sub-basins and troughs during the Cretaceous Period. For example, a continuous coal zone interval of approximately 36 metres represents potentially 300 metres of vegetation which accumulated over millions of years. Vegetative environment of this sort are influenced by both marine and fluvial variations.
The stratigraphy of the project area is comprised of Cretaceous Lower Colorado and Mannville Group rocks overlain by glacial till and muskeg. Faulting has been recognized in drill core and its relationship, (if any) to sub-basin distribution is being investigated.
Regional geology and geophysics, suggests several large structural lows or sub-basins occur within the project area. From the holes drilled to date, a number of the broader sub‐basins appear to be discrete features containing significant coal zones commonly greater than 30 metres with their limits defined by underlying Devonian limestone. The paleo-surface of the underlying Devonian limestone continues to be a critical factor in defining the sub-basins. Sub-basins with greater coal zone extent are interpreted to be deeper and/or open ended and to have endured sustained low energy environment overtime.
Geochemistry
Coal zones are defined as zones saturated in carbonaceous components and are comprised of both coal and coally intervals. Coal analyses are carried out on all coal zone sections to determine coal quality.
Coal samples from core drilling received thus far have returned results indicating good quality thermal coal exists which ranges from sub-bituminous C to bituminous C in rank. The coal ranges in calorific value from 20,640 kj/kg (8,874 Btu/lb) to 23,358 kj/kg (10,042 Btu/lb) on a “dry” basis. Coal samples tested from 2008 drilling have raw ash values ranging from 11.4 % to 18.7 % and moisture contents from 24.8 % to 37.9% on an “as received basis”. Once air dried, the moisture contents drop significantly to as low as 4%. This decrease in moisture can positively impact the calorific value and marketability of the coal for various potential markets.
Within the coal zone other intervals of carbonaceous or coally material have ash contents greater than 25%. These intervals may be amenable to upgrading through washing. The Company is still awaiting the results of further washability tests. Preliminary washability tests, completed by Loring Labs on the two discovery hole samples in 2008, indicated the potential to significantly upgrade the quality of all of the coal by reducing the ash and sulphur content. Ultimate analyses by Loring on select coal samples show that much of the sulphur is inorganic in nature and therefore potentially amenable to reduction in the washing process.
The Free Swelling Index (FSI) tests received to date, that may be an indication of potential coking coal characteristics, did not produce any positive results. However, as only 11 holes have been analyzed to date in the permit area, potential still exists to find coal with coking characteristics.
Geophysics
The Company completed an airborne geophysical survey of the area in 2006 for diamond exploration and has re-processed the 5,700 line kilometres of EM geophysical data in an effort to delineate the aerial extent and the thickness of potential coal zone occurences.
The relationship of the geology, the sub‐basins and the apparent deposition of the coal encountered to date is somewhat more complex than first anticipated but the current drill results, airborne geophysics and down‐hole geophysics are being utilized to develop a comprehensive geological and geophysical model defining the lateral continuity of the coal zone and stratigraphy within the discovery areas.
The Company is also investigating the application of other cost-effective geophysical tools including seismic techniques to further define the coal seam and the paleo-surface of the underlying Devonian limestones which is believed to be one of the controlling factors in the deposition of the coal.
Drilling
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The 2009 winter drill programme commenced in January with the installation of a 36 man camp and the completion of road access to drill sites. Approximately 75 km of access routes were completed to the Chemong, Pasquia, Split Leaf and Red River North target areas. Three diamond drills were contracted to complete this approximately 75 day programme.
A total of 58 holes (7,000 metres) were originally planned to be completed from January to late March. Of these, thirty nine holes were planned to delineate the Chemong and Pasquia areas for possible resource estimation. An additional 15 holes were planned to test the Split Leaf (North and South) and Red River North targets within the 132,000 hectare project area.
As of mid-March 2009, a total of 70 core holes (approximately 9,200 metres) have been completed, with efforts concentrated largely on understanding the extent of coal zone intersections found in discovery holes BD08‐03, BD08-05and BD08‐06. Significant coal zone intervals were also found in hole BD09‐20 (with approximately 50.9 metres of dull to bright coal with minor partings) and hole BD09‐22 (with 47.0 metres of similar visual coal characteristics). Both of these holes were step out holes to test a specific geophysical target, approximately 2500 metres to the south and west of the BD08‐03 discovery hole.
A series of -50˚angle holes (BD09-29, 34, 40, 43 and 47) were drilled from the BD08-03 and BD08-06 discovery hole sites in the Chemong area. Hole BD09-40 drilled at 010 degrees azimuth from BD08-03 and encountered 115.7 metres of combined dull to bright coal within an approximately 132.6 metre (est. 100.0 metres true thickness) coal zone with partings. Hole BD09-34 drilled 250 degrees azimuth from BD08-03 and encountered 72.9 metres of continuous dull to bright coal within an approximately 72.9 metre (est. 55 metre true thickness) coal zone with minor partings. Hole BD09-43 drilled 155 degrees azimuth from BD08-06 and encountered 28.5 metres of combined dull to bright coal within an approximately 54.2 metre (est. 41 metres true thickness) coal zone with partings.
The Pasquia area extends to the north of the Chemong area for approximately 6 kilometers and covers at least 2 interpreted sub-basins. Recent drilling here has found potential coal zone continuity over an open-ended area of approximately 1square kilometre in the BD09-05 area where a 36.05 coal zone had been encountered in that hole. Importantly, Hole BD09‐41 intercepted thick coal intervals of 25.5 metres of continuous dull to bright coal within an approximately 35.3 metre coal zone including partings. As of mid-March, drilling continued to determine the limits of this particular sub-basin with holes BD09- 32, 36, 37, 42, 45 and 46 drilled as step-outs to BD08-05Hole BD09-37 intersected a 43.3 metre coal zone including a 21.5 metre interval of combined dull to bright coal as well as an underlying 10.9 metre coal zone. Further work is required to further define this area.
Hole BD09-30 located near BD08-02 intercepted two coal zones measuring 34.8 and 21.4 metres respectively for a combined thickness of 56.2 metre of dull to bright coal. The area around BD08-02 represents the second basin in the Pasquia area again measuring approximately 1 sq. km.
Core samples of coal zone intervals have been continuously sent to Loring Labs for analyses to determine coal quality and characteristics.
A new coal discovery was recently made in the Split‐Leaf target area. Two sub-basins are interpreted (Split Leaf North and South) in this area and have been drilled during the 2009 Winter Programme. Encouraging results were returned from holes BD09-39, 41 and 43.
Through additional drilling, Goldsource has increased its understanding of the geological and depositional settings of the coal at the Border project. Data compilation and geological modeling will follow the 2009 winter program and this work will contribute to resource estimations going forward.
Exploration Objectives
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| Powder River Basin (Peabody Energy)- 20 metres of coal, Border Property has 100 metres of coal |
From the holes drilled to date, the sub-basins appear to be comprised of discrete features containing exceptional coal zone intervals of up to approximately 100 metres thick with their limits defined by certain geophysical signatures and the underlying Devonian limestone. It is believed that the contours of underlying Devonian limestone continue to be a critical factor in defining the sub-basins and this information is being used to target other areas of potential coal deposition at Border and the Company’s other properties.
Goldsource’s objective for the remainder of 2009 at Border is to complete a resource estimate and continue to identify additional priority areas that may contain significant quantities of coal. Depending on the results of resource estimation, a Preliminary Assessment may be completed.
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Stock Information Provided by Yahoo Finance |
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Presentation
www.goldsourcemines.com/_resources/GXS_AGM_June2009.pdf
ResourceIntelligenceTV
GoldsourceMines and Canada´s newest coal rush
www.resourceintelligence.net/category/on-site-videos/goldsource-mines
IR Broschüre
http://www.goldsourcemines.com/_resources/GXS_Brochure_0909_WEB.pdf
de.advfn.com/...;s=TX^GXS&p=0&t=23&dm=0&vol=1" style="max-width:560px" />
"""""J. Scott Drever, President stated, “Since the discovery of this unique coal field 16 months ago, we have
explored only a small portion of the 1300 square kilometre property with 115 drill holes. We have been
rewarded with 15 different deposits in five separate sub basins that contain coal thicknesses averaging
approximately 25 metres and have coal intervals ranging up to 100 metres in true thickness. To put this
in perspective, many coal mines in North America are based on coal seams only a few metres thick
and our average thickness is roughly the height of an eight story building. The primary objective for
our continued exploration efforts has been to identify priority areas that potentially contain sufficient
coal resources that may be economically developed. We believe we have been extraordinarily
successful in achieving that objective and most of our land holdings are yet to be explored.”"""""
www.goldsourcemines.com/_resources/GXS_Brochure_0909_WEB.pdf
Wednesday, 21 Oct 2009
According to McCloskey Group, export prices rose 45 cents to an average of USD 64.05 a ton in the week ended October 16th 2009.
Mr Andrew Wells assistant editor at McCloskey said that the week was very quiet. He speculated that buyers may be waiting for the October 25th 2009 to October 27th 2009 Coaltrans coal conference in London to get a better feel for the market.
Mr Sabine Schels a New York based analyst with Bank of America Merrill Lynch wrote in a report dated October 16th 2009 that prices at Richards Bay have dropped 39% over the past 12 months as companies cut output and jobs to deal with the worst recession since World War II. The coal market outlook should improve significantly.
Richards Bay Coal Terminal shipped 22% less of the fuel in September than a year earlier. Exports decreased to 4.16 million tonnes from 5.32 million tonnes. At its September shipment rate, the port will export 57.6 million tonnes of coal this year as compared with capacity of 76 million tonnes and shipments of 61.79 million tonnes last year.
The volume exported from Newcastle in the week dropped to 1.92 million tonnes from 2.01 million tonnes a week earlier. Nineteen ships, waiting to load 1.44 million tonnes of coal, were outside the harbor, down from 25 vessels.
steelguru.com/news/index/2009/10/21/...ces_rising_at_RBCT.html
Die Zeit läuft,der NI43-101 kann jederzeit kommen.
Ich denke das wir den NI in der kommenden Woche allerspätestens in der übernächsten Woche sehen werden.
Ich denke das könnte mit diesen beiden Terminen zusammenhängen.
October 26, 2009
British Columbia - Saskatchewan Minerals Investment Forum 2009
Embassy of Canada in Tokyo; Embassy Theatre, Level B2
Tokyo, Japan
October 29, 2009
British Columbia - Saskatchewan Minerals Investment Forum 2009
KOTRA IKP Center; Lecture Room 1
Seoul, Korea
www.goldsourcemines.com/investors/events/
Ist aber nur meine Meinung und keine Kauf,-bzw. Verkaufsempfehlung
www.resourceintelligence.net/...oal-investments-a-sector-on-fire/2204
Goldsource Mines (TSX.V: GSX) in 2008 sent a buzz through the investing world with a stock that shot from $0.30 to about $19 per share before getting hosed down by a combination of recession and surprising drill results. While drilling for diamonds in eastern Saskatchewan, the company happened upon a 30 metre coal intercept that overnight changed Goldsource into a coal company and the region into a hub of exploration activity. This month, Goldsource completed the final eight holes of the summer phase of drilling at its wholly-owned Border Project Border, located near Hudson Bay, Saskatchewan, Canada.
The drilling encountered 23 to 50 metre coal intercepts.
A total of twenty core holes, totalling approximately 3,267 metres, were drilled during the summer programme. The most significant coal intervals occurred in the Niska sub-basin. All holes drilled in this phase were designed to test new targets outside the original discovery area.
The company said that drilling to date has discovered 15 coal deposits at Border with excellent potential for additional coal discoveries. Each is a coal deposit in its own right, some measuring greater than a kilometer across.
Goldsource maintains that Border has the potential to be a world class mine and is targeting 500 million to 1 billion tonnes high quality thermal coal (low ash<15%, moderate sulphur <2%, high BTU’s >9,000). The company remains conservative with all its numbers: The initial reports in 2008 caused a wave of speculation and elevated the stock price well beyond expectations. That said, if Goldsource was able to raise $18 million at $11.75 per share in difficult times (June 27, 2008!), I’m comfortable its present price.
While the Border project is young, the company is toying with several options, including producing high quality thermal coal for export and coal liquefaction. Additionally, the coal mined would be of a higher quality than that produced in the south of Saskatchewan, and could therefore be sold to power producers in the province and neighboring provinces and states with coal burning power generators.
Other aspects of Goldsource that should be attractive to investors:
Now that the company has a clearer idea of the nature of this deposit, it is proceeding with completing a scoping study and initial resource estimate for the Border project, along with additional drilling in the area and at the Ballantyne project.
Many resource companies (and investors) celebrated last week as Mongolia’s new government made sensible changes permitting projects to move ahead, pumping new energy into public companies operating in that country. With these events, some coal companies have seen large gains in their respective stock markets; many have not yet realized gains.
Goldsource Receives Manitoba Permits;
Updates Border Technical Report Status
TSX-V: GXS FWB: G5M For Immediate Release
www.goldsourcemines.com/_resources/news/nr_09_10_30.pdf
VANCOUVER, B.C. October 30, 2009 – Goldsource Mines Inc. (“Goldsource” or the “Company”) is pleased to report that it has
received 8 Quarry permits from the Manitoba Science, Technology, Energy and Mines Branch totalling approximately
44,670 hectares. The issuance of the permits is in response to the Company's applications that have been outstanding for up
to 14 months. The Company is now in a position to proceed with its planned exploration programs in Manitoba.
Following its major coal discovery at the Border Property in Saskatchewan in the spring of 2008, Goldsource carried out
research of various Manitoba databases and identified a number of reported coal occurrences in west-central Manitoba. The
Company subsequently carried out airborne geophysical surveys over selected areas to better define potential coal bearing
sub-basins using the Company’s proprietary geophysical signatures developed at the nearby Border Project. The historical
data reported several coal occurrences within the Cretaceous Mannville Group ranging in thickness from 1 to 20 metres at
Goldsource will announce the resource estimations and
compiled coal quality data as soon as they are available and is required to file the NI 43-101 Technical Report within 45 days
after that announcement.
http://www.goldsourcemines.com/_resources/news/nr_09_10_30.p…
der vollständige Ni-Report wird innerhalb von 45 Tagen nach Veröffentlichung der Ressourcenschätzung veröffentlicht.
Die relevanten Auszüge (oder Highlights) des NI-Reports, wie z.B. besagte Ressourcenschätzung, von der hier soviel erwartet wird, werden "in Kürze" bekannt gegeben ("as soon as they are available").
Der vollständige Ni-Report, den hier sowieso 99% nicht lesen werden, wird dann innerhalb von 45 Tagen nach Veröffentlichung der Ressourcenschätzung und anderer Angaben, die alle Bestandteil dieses Berichtes sind, veröffentlicht. Der vollständige NI-Report ist somit für die Masse bze den "Markt" irrelevant, da die wesentlichen Informationen ja bereits bekannt sind.
(#8727 von MFC500)
www.wallstreet-online.de/diskussion/...rakete-goldsource-mines
Ist aber nur meine pers. Meinung.;-)
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2009) - Goldsource Mines Inc. (the "Company") (TSX VENTURE:GXS) is pleased to announce the NI 43-101 compliant, initial thermal coal resource estimated by Moose Mountain Technical Services for the Company's Border property near Hudson Bay, Saskatchewan. This coal resource estimation is based on 119 diamond drill holes totaling approximately 17,370 metres of core drilling. Three phases of core drilling since 2008 have been completed at Border to establish this initial estimated coal resource.
Overall, the estimated coal resources at Border consist of 63.5 million Indicated tonnes plus 89.6 million Inferred tonnes, and 18.7 million Speculative tonnes. The Inferred and Speculative resources are limited only by the current lack of drill hole data within an already defined geophysical anomaly. Further drilling is planned that may convert the majority, if not all, of the Inferred and Speculative tonnes into the Indicated Resource category. As defined in GSC Paper 88-21, "Speculative resources are those based on extrapolation of few data points over large distances and are confined to regions where extensive coal exploration has not yet taken place".
Geological interpretation of the drill core and downhole geophysical logs have determined that there are three main seams at Border which have been designated Durango A, B and C. The Geologic-Type as defined by GSC Paper 88-21 with respect to the complexity of the deposits is considered "Moderate" and the Deposit-Type is considered "Surface Mineable". The resources are distributed over 4 sub-basins which include 14 potentially surface mineable deposits which range in size from 1.8 million tonnes to 66.1 million tonnes. The fifteenth deposit, Pasquia 97, is currently considered too deep to be surface mineable and is not included in the resource.
J. Scott Drever, President, stated: "Our objective from the efforts to date was to define a coal resource we thought would be a threshold amount with sufficient quality to support economically viable production. In approximately 18 months from the discovery of these unique coal deposits, we have outlined a significant coal resource that has the heating characteristics and potential to fuel a major, modern, clean-coal power plant. We will continue to define additional coal resources by drilling several more high priority targets at Border and now proceed with the completion of a Preliminary Economic Assessment on the project that will investigate initial economic parameters of the Border resource. We have explored only a small portion of more than 1,300-square-kilometre property with 119 drill holes".
This initial coal resource with estimated coal quality represents a new significant energy resource for Saskatchewan and Canada. Conceptually, this resource could potentially generate 300 to 600 Megawatts per year of affordable electricity for 30 to 50 years. This would be equivalent to approximately 10 to 20% of the current annual electricity needs for Saskatchewan. A feasibility study has not yet been completed and therefore there is no certainty the project will be economically viable.
www.marketwire.com/press-release/...-Inc-TSX-VENTURE-GXS-1072811.html
......the estimated coal resources at Border consist of 63.5 million Indicated tonnes plus 89.6 million Inferred tonnes, and 18.7 million.....
63,5 Mio to Indicated
89,6 Mio to Inferred
Macht in der Summe 153,1 Mio to.!!! Als Bonus gibts noch vermutete Resourcen von 18,7 Mio to.
Das alles bei nur 10% der explorierten Fläche vom Border-Property.
"""""This initial coal resource with estimated coal quality represents a new significant energy resource for Saskatchewan and Canada. Conceptually, this resource could potentially generate 300 to 600 Megawatts per year of affordable electricity for 30 to 50 years. This would be equivalent to approximately 10 to 20% of the current annual electricity needs for Saskatchewan. A feasibility study has not yet been completed and therefore there is no certainty the project will be economically viable."""""
Bei einer mom. MK von 34 Mio.CAD und Resourcen von 153 Mio to (indicated+Inferred)
haben wir mom. ein Ingroun-Value von ca. 0,22 Cent!!!
Wenn man das ganze mal vernünftig kalkuliert kommt man auf eine drastische Unterbewertung!!
63,5 Mio.T * 1CAD
89,6 Mio.T * 0,75CAD
18,7 Mio.T * 0,25CAD
ergibt einen geschätzten Kurs von 5,92 CAD oder 3,77 €
wenn man durch die Anzahl sämtlicher Aktien + die Optionen dividiert
Berechnung von gold-nase Posting 9567
www.wallstreet-online.de/diskussion/...rakete-goldsource-mines
Ich hoffe er hat nix dagegen.;-)
IRW-News: Goldsource Mines Inc.
IRW-PRESS: Goldsource Mines Inc.: GOLDSOURCE MELDET ERSTE KOHLERESSOURCEN BEI BORDER
GOLDSOURCE MELDET ERSTE KOHLERESSOURCEN BEI BORDER
VANCOUVER, B.C. 9. November 2009 Goldsource Mines Inc. (das ´Unternehmen´) freut sich, eine erste NI 43-101-konforme Schätzung der Thermalkohle-Ressourcen für das unternehmenseigene Grundstück Border in der Nähe von Hudson Bay in Saskatchewan bekannt zu geben, die von Moose Mountain Technical Services erstellt wurde. Diese Schätzung der Kohleressourcen basiert auf den Ergebnissen aus 119 Diamantbohrlöchern mit Kernbohrungen über insgesamt ungefähr 17.370 Meter. Seit 2008 wurden zur Erstellung dieser ersten Schätzung der Kohleressourcen drei Kernbohrphasen auf dem Grundstück Border abgeschlossen.
ZUSAMMENFASSUNG DER KOHLERESSOURCEN BEI BORDER
http://www.irw-press.com/dokumente/Goldsource_Tabelle1_091109.pdf
Zusammenfassung der Qualitätsmerkmale von Kohle im Projekt Border (im Anlieferungszustand)
http://www.irw-press.com/dokumente/Goldsource_Tabelle2_091109.pdf
Nein der Bericht ist meiner Meinung nach sehr gut ausgefallen.Ich denke der gestrige Kurssturz ist einzig und allein auf einige Kurzfristanleger zurückzuführen die im Vorfeld mit exorbitanten Tonnagen für den NI gerechnet haben(da waren ja Zahlen von 200-500Mio To. im Umlauf siehe WO)und nun da es "nur"153 Mio To. veröffentlicht worden sind,entäuscht weiterziehen.Viele sind wohl gestern zu CCJ weitergezogen.
Das wird sich denke ich alles in den nächsten Wochen relativieren und der Kurs wird auch wieder steigen.Meiner Meinung nach sollte der faire Wert von GXS bei einem Ingroundvalue von ca. 2 CAD liegen.Das würde eine MK von 80-120 Mio CAD rechtfertigen.
Das Management hat im Vorfeld mit 100 Mio. to. gerechnet.
Nun ist die Resource 63 Mio. Indicated + 89 Mio Inferred. Macht zusammen 153 Mio. to.
Zu beachten ist lediglich das die 89 Mio. to noch nicht so engmaschig exploriert(gebohrt) sind,
das sie als Indicated Resource ausgewiesen werden können.
Dazu sind noch mehr Bohrungen nötig!Die im bereits angekündigten Winterbohrprogramm sicher enthalten sind.(""""Aggressive exploration; $5 - $6M winter drill hole program (commenced Q1-2009) - initial 50 drill holes planned"""")www.goldsourcemines.com/
Hier noch die Vorgaben für die einzelnen Res. Bewertungen.
www.clean-energy.us/facts/coal/terms.htm
Dies stellt keinerlei Kauf-oder Verkaufsempfehlung dar sondern spiegelt lediglich meine Meinung dar!
So wie es aussieht, haben wir wohl Gestern mit 1,40CAD das Tief gesehen.
Nun sollte es mal wieder ne kleine Korrektur nach oben geben.
RT Toronto 1,61 CAD
RT Frankfurt 1,05 €
Vielleicht hat der ein oder andere Canadier sich am Feiertag doch mal die Fundamentals von GXS genauer angeschaut.
2009-11-30 14:42 1.41 SEDAR Interim Financial Statements
2009-11-30 14:42 1.41 SEDAR MD & A
5,860,844$ Cash and Short Therm Invests sieht doch recht ordentlich aus.
Das sollte doch noch für ein Winter-Drilling reichen.
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www.sedar.com/...anyDocuments.do?lang=EN&issuerNo=00004319
farm3.static.flickr.com/2668/4154455567_449c331a5d_o.jpg" style="max-width:560px" alt="" />
www.goldsourcemines.com/_resources/...on/GXS-November-2009.pdf
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farm3.static.flickr.com/2644/4154455721_969eb75395_o.jpg" style="max-width:560px" />
www.goldsourcemines.com/_resources/...on/GXS-November-2009.pdf
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www.goldsourcemines.com/_resources/...on/GXS-November-2009.pdf
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www.goldsourcemines.com/_resources/...on/GXS-November-2009.pdf
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de.advfn.com/...;s=TX^GXS&p=0&t=23&dm=0&vol=1" style="max-width:560px" />
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 11, 2009) - Goldsource Mines Inc. ("Goldsource") (TSX VENTURE:GXS)(FRANKFURT:G5M) announces that it has entered into an agreement with Westcore Energy Ltd. ("Westcore") pursuant to which Goldsource has agreed to apply its proprietary geophysical matrix to Westcore's Fugro airborne geophysical data and to provide Westcore with specific drill sites on its Saskatchewan and Manitoba coal lands which, in the opinion of Goldsource, will have a high probability of intersecting significant intervals of coal.
Goldsource has completed a significant amount of work and incurred considerable expense since its original Border coal discovery in April of 2008 in developing a proprietary geophysical matrix applicable to Fugro airborne geophysical data which provides a "signature" for prospective coal deposits based on a correlation between airborne geophysical data analyses, down-hole electronic logs and geological ground proofing through drilling.
This matrix will initially be applied to Westcore's Fugro airborne geophysical data for the block of coal permits known as the Hudson Bay North Block immediately to the north of Goldsource's Border Property. Based upon this review, Goldsource will provide Westcore with coordinates for the highest priority drill targets. Data related to other coal properties of Westcore will be reviewed in due course provided that satisfactory success is achieved on Westcore's Hudson Bay North Block.
As consideration, Westcore will initially issue 100,000 common shares to Goldsource. In the event that Westcore is successful in drilling at least one intercept consisting of not less than 10 metres of coal on each of two drill targets identified by Goldsource ("Success Criteria"), the following additional conditions will apply;
In the event the Success Criteria are met on only one target identified by Goldsource, the number of shares issuable to Goldsource will be reduced by 50% and the remaining conditions set forth above will not apply until the Success Criteria are met in full, at which time the balance of the aforementioned shares will be issued.
J. Scott Drever, President stated: "We obviously believe that this agreement is mutually beneficial to both parties. From the perspective of Goldsource, it gives us an opportunity to test our geophysical models in areas outside of our Border Property and to share in any potential success that Westcore may enjoy. It also provides us with upside exposure, at minimal cost, to other areas in Saskatchewan and Manitoba along the Durango Trend that we believe are prospective for the discovery of significant coal deposits."
Completion of the transaction by Westcore is subject to the approval of the TSX Venture Exchange.
N. Eric Fier, CPG, P.Eng. and Qualified Person for this news release has reviewed and approved its contents.
Goldsource Mines Inc. is a Canadian resource company engaged in the exploration and development of Canada's newest coal field in the province of Saskatchewan. The Company has aggressively drilled only a portion of this new thermal coal field and has discovered 15 coal deposits of varying size with coal thicknesses up to 100 metres within the permit area of the Border Coal Project. Headquartered in Vancouver, BC, the Company is well-financed and is managed by experienced mining and business professionals.
Forward Looking Statements
This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of coal permits and mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in commodity product prices; currency fluctuations; 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, undue reliance should not be placed on forward-looking statements.
J. Scott Drever, President
GOLDSOURCE MINES INC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
http://www.marketwire.com/press-release/...X-VENTURE-GXS-1089525.html
........im Zusammenhang mit den beiden Nachbarfirmen(siehe Karte) .
Ist schon interessant wie eng Goldsource;WescanGoldfields und WestCoreEnergy miteinander verknüpft sind.Wichtiger Name in diesem Zusammenhang ist MacNeill.
Bei WestcoreEnergy dürfte es sich um einen Family Trust handeln.
Westcore hat 19 Mio Aktien ausgegeben und den grösste Teil besitzen die MCNeills
William MacNeill - 5,007,500 (26.36%); Thomas MacNeill - 4,900,000 (25.79%); and Kenneth MacNeill - 2,750,000 (14.47%).
http://agoracom.com/ir/Westcore
Westcore Initiates Winter Drilling Program near Hudson Bay, Saskatchewan
http://:window.location=\'/NewsStory.asp?NewsId=6546230\%27
http://www.crmz.com/Report/ReportPreview.asp?BusinessId=10614200
In Bezug auf die Familie McNeill und Goldsource! Kann ich mir vorstellen, daß das Private Placement von damals mit 19 Mill. USD aus eben dieser Richtung geflossen ist, d.h. Westcore ist indirekt schon an Goldsource beteiligt über den 49 North Resources Inc. mit Tom McNeill als Boss.
www.fnr.ca/userfiles/media/tom_canaccord_interview.pdf
Und auch bei Wescan Goldfields erscheint unheimlich oft der Name Goldsource und nicht zu vergessen ist im Management der Hr. Mac Neill vertreten.
Zufall?
In der aktuellen Präsentation von Wescan bezieht man sich auf Goldsource und es wurde mit der von Goldsource patentierten Fugro Airborne Survey Methode exploriert.
http://www.wescangoldfields.com/inSitePresent/
Ich denke man wird in nächster Zeit weiteres von den beteiligten hören.
Mein Dank für das sammeln dieser Info´s gilt den Usern shai100 und Tim Luca von WO und v.a.
www.wallstreet-online.de/diskussion/1152282-61-70/...goldsource-mines
www.wallstreet-online.de/diskussion/...70/tsx-rakete-goldsource-mines
When Vancouver-based Goldsource Mines Inc. first set its eyes on the Hudson Bay area of east-central Saskatchewan, the company had its heart set on finding diamonds.
Instead, Goldsource discovered a major coal resource that, on average, is as thick as a seven-storey building is tall and is large enough to provide 10 to 20 per cent of the province's power needs.
"To me it's an energy source, and whether it's in the form of electricity through power generation or in the form of petroleum products generated through the gasification of coal, the numbers are very, very large," said company president Scott Drever.
The development of the Vancouver company's Border coal project is still in the very early stages -- only 10 per cent of the site has been explored -- but preliminary figures show Goldsource may have found a resource that's not as pretty as a diamond but could be an economic gem in its own right.
"I think, from a long-term perspective, this is an energy source for Saskatchewan that didn't exist two years ago until our discovery," Drever said.
An initial resource estimate for the Border project of around 170 million tonnes of coal could power a 300-megawatt power plant for 50 years or a 600-megawatt plant for 30 years. The site has an estimated worth of $1.7 billion to $3.4 billion, Drever said.
The tonnage at the site, if converted to petroleum products through a gasification process, is exciting for the company as well, he said.
"If you do the math on what we have right now, we've probably got something in the order of the equivalent of 400 to 500 million barrels of oil," Drever added.
In addition to work on a resource estimate for Border, the company is moving ahead with a scope study in 2010 to determine the best environmental and economic use for the coal resource.
"What we want to do is build a resource base that's sufficiently large to support the kind of production development that you would expect," Drever said, adding options for the coal also include exporting it out of province.
Drever said he has met with Saskatchewan government ministers, along with SaskPower, to discuss options for the deposit.
"I've had a number of conversations -- they're very preliminary, obviously -- and we really need to get a decent handle on what the resource base or the reserve base might be there before we can pick a direction in which we might want to go," he said.
Energy and Resources Minister Bill Boyd said the Border discovery holds huge potential for the province, which is already the third-largest producer of coal in Canada. Saskatchewan generates about 55 per cent of its power from coal, he added.
"Goldsource's recent discovery would appear to be a very, very significant resource of sub-bituminous coal, which is a pretty good grade of coal, better than anything we have in the province at this point in time," Boyd said.
"It looks very, very positive. They're assessing that resource . . . and I'm sure there's going to be pretty significant investor interest in this area."
The minister said the province looks at all types of resource development "as potentially very positive." Companies looking to develop resources in Saskatchewan, however, must meet environmental criteria.
"People expect these projects to be sustainable, to be . . . handled in an environmentally responsible fashion. All of those things are part of that, any of these discussions," Boyd said.
Coal exploration in the Hudson Bay area is exciting for the community of 1,800, said town administrator Rick Dolezsar. Goldsource isn't the only company exploring for coal in the region, but the Border find holds significant long-term potential for Hudson Bay, he said.
"There's no doubt we're very excited about the discovery and, I guess, looking forward to an opportunity for some diversification away from the forestry industry here in the Hudson Bay region," Dolezsar said.
Town officials say they would like to see the coal deposit power an electricity plant in the area, although any value-added use for the resource would be welcomed.
"If a coal-fired power plant were constructed, there would be 500 to 800 construction jobs for a couple of years and probably 200 to 300 operating (jobs), including the mining, thereafter, so that definitely could be huge for the whole region," Dolezsar explained.
The Border site is located about 60 kilometres from Hudson Bay.
Even if the timing, and type, of the development at Border isn't yet settled, Drever said one thing is clear.
"It's got, I think, some serious economic implications for Saskatchewan," he said.
www.vancouversun.com/business/...er+company/2359396/story.html
.........WesCanGoldfields ; WestcoreEnergy und SaturnMinerals.............wenn da mal nicht ein großes Ganzes unter Führung von GXS draus wird.(aber nur meine Meinung!)
Erscheint mir doch auffällig oft GXS in den Berichten und NR der Nachbarn.Habe das Gefühl das dort sehr einträglich mit-und füreinander gearbeitet wird.(aber auch nur meine pers. Meinung!)
SATURN MINERALS & SWIFT RESOURCES
RECEIVE FINAL NI 43-101 REPORT,
DRILL PROGRAM INITIATED
The NI 43-101 Report incorporated all geophysical data obtained by the Companies to date and existing
public information regarding coal discoveries made by Goldsource Mines Inc. and Westcore Energy Inc.
http://saturnminerals.com/news/09.11.23.pdf
de.advfn.com/...;s=TX^GXS&p=0&t=23&dm=0&vol=1" style="max-width:560px" alt="" />
Vielleicht wird ja noch die 2 Cad Marke geknackt.
Goldsource'sdiamond in the rough
KyleCasandra, Canwest News Service
Published: Monday, January 18,2010
When Goldsource Mines Inc. first setits eyes on the Hudson Bay area of east-central Saskatchewan, the company hadits heart set on finding diamonds.
Instead, Goldsource discovered amajor coal resource that, on average, is as thick as a seven-storey building istall and is large enough to provide 10 to 20 per cent of the province's powerneeds.
"To me it's an energy source,and whether it's in the form of electricity through power generation or in theform of petroleum products generated through the gasification of coal, thenumbers are
The development of theVancouver-based company's Border coal project is still in the very early stages-- only 10 per cent of the site has been explored -- but preliminary figuresshow Goldsource may have found a resource that's not as pretty as a diamond,but could be an economic gem in its own right.
"I think, from a long-term perspective,this is an energy source for Saskatchewan that didn't exist two years ago untilour discovery," Drever said.
An initial resource estimate for theBorder project of around 170 million tonnes of coal could power a 300-megawattpower plant for 50 years or a 600-megawatt plant for 30 years. The site has anestimated worth of $1.7 billion to $3.4 billion, Drever said.
The tonnage at the site, ifconverted to petroleum products through a gasification process, is exciting forthe company as well, he said.
"If you do the math on what wehave right now, we've probably got something in the order of the equivalent of400 to 500 million barrels of oil," Drever added.
www2.canada.com/calgaryherald/news/...360-1fa863190576&p=1
Da ja bei GXS in letzter Zeit nicht ganz so viel los war,hab ich mir mal die Mühe gemacht, mit Hilfe von SEDI.ca ,die Company-Insider-Holdings aufzuschlüsseln.
Zu beachten ist das:
- Die Firmen in einigen Spalten gehören der jeweiligen Person in dieser Spalte und werden bei Sedi auch unter dessen Namen geführt.
- Daten sind Stand 31.12.2009
farm3.static.flickr.com/2740/4287259917_3b364c83d5_o.jpg" style="max-width:560px" />
www.advfn.com/...ticchart&s=DJI^I\DJUSCL&p=5&t=39" style="max-width:560px" />
www.advfn.com/...aticchart&s=DJI^I\DJUSCL&p=5&t=39
Wäre eigentlich mal ein guter Zeitpunkt für ein paar NR!
-NI43-101
-Ergebnisse Bohrprogramm
-evtl. kleine Zusammenfassung der China-Aktivitäten
-ein Zusammenfassung des Vancoover Congresses
Verstehe GXS momentan nicht so richtig.Dieses ewige hingehalte der Shareholder ist nicht wirklich kurs-und vertrauensfördend.
www.sedar.com/...ng=EN&issuerType=03&issuerNo=00004319
Goldsource Mines Inc.
TSX VENTURE: GXS
Jan 26, 2010 00:05 ETGoldsource Commences Winter Drill Program
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2010) - Goldsource Mines Inc. ("Goldsource" or the "Company") (TSX VENTURE:GXS) announces that the winter drill program at its coal properties in Saskatchewan and Manitoba has commenced. The thirty-six man Border camp has been maintained throughout 2009 and is being utilized again as a staging area for most drilling and data collection.
BORDER PROPERTY, Hudson Bay, Saskatchewan
A two stage, twenty core hole program for approximately 3,000 metres of drilling is planned at Border. This program is focused on testing new target areas to expand the current resources shown below and converting Inferred resources to Indicated resources. There are currently approximately 15 more priority coal targets to be tested which are based on Goldsource's proprietary method of interpreting airborne geophysical data. This new exploration method which Goldsource has developed over the past 18 months has proven to be critical in the Border coal discoveries to date. The method is referred to by Goldsource as the Coal Identification Matrix ("CIM"). Stage one of the program (approximately 10 holes) will seek to upgrade the categories of current resources and add to the resource base by drilling at least four of the new priority targets. It is anticipated that the remaining undrilled targets will be tested in stage two.
GOLDSOURCE VERÖFFENTLICHT TECHNISCHEN BERICHT GEMÄSS NI 43-101 ÜBER BORDER
Vancouver (British Columbia), 25. Januar 2010. Goldsource Mines Inc. (das „Unternehmen“) freut sich bekannt zu geben, dass der technische Bericht gemäß NI 43-101, der die übereinstimmende erste Kohleressourcenschätzung durch Moose Mountain Technical Services für das unternehmenseigene Grundstück Border in der Nähe von Hudson Bay (Saskatchewan) beinhaltet, auf SEDAR (www.sedar.com ) veröffentlicht wurde. Der Bericht beschreibt die bis dato durchgeführten Arbeiten und bietet Ressourcenschätzungen und Analyseergebnisse sowie detaillierte geologische Interpretationen, die auf 119 Diamantbohrlöchern auf insgesamt etwa 17.370 Metern an Kernbohrungen basieren. Bei Border wurden seit 2008 drei Kernbohrphasen durchgeführt, um diese technische Analyse und die erste Kohleressourcenschätzung zu erstellen.
Die aktuelle Kohleressourcenschätzung bei Border umfasst 63,5 Millionen an angezeigten Tonnen plus 89,6 Millionen an abgeleiteten Tonnen sowie 18,7 Millionen an spekulativen Tonnen. Die abgeleiteten und spekulativen Ressourcen sind aufgrund des aktuellen Mangels an Bohrlochdaten innerhalb einer bereits definierten geophysikalischen Anomalie beschränkt. Die abgeleiteten Ressourcen sind in zwei Lagerstätten enthalten: Niska 108 und Niska 107, die 66,1 bzw. 23,5 Millionen Tonnen enthalten. Es sind weitere Bohrungen geplant, um zumindest einen Großteil der abgeleiteten und spekulativen Tonnen in die angezeigte Ressourcenkategorie hochzustufen.
Geologische Interpretationen des Bohrkerns und der geophysikalischen Aufzeichnungen in der Tiefe ergaben, dass es bei Border drei Hauptflöze gibt, die Durango A, B und C genannt wurden. Der „geologische Typ“ gemäß GSC Paper 88-21 hinsichtlich der Komplexität der Lagerstätten wird als „mäßig“ angesehen und der „Lagerstättentyp“ gilt als „an der Oberfläche abbaubar“. Die Ressourcen sind über vier Unterbecken verteilt, die 14 möglicherweise an der Oberfläche abbaubare Lagerstätten enthalten, deren Größe zwischen 1,8 und 66,1 Millionen Tonnen variiert.
Zusammenfassung der Kohleergebnisse bei Border
Die vorläufigen Kohleergebnisse bei Border, die von Loring Labs aus Calgary (Alberta) festgelegt wurden, weisen auf Folgendes hin:
• Die Kohle von Border wird gemäß den Standards von ASTM als subbituminös A bis C eingestuft. Die oben genannte bituminöse Klassifizierung von Loring wurde anhand petrografischer Analysen als subbituminös neu klassifiziert.
• Die erhaltene Asche variiert gewichtsmäßig (wt) zwischen 11,7 und 22,1 % und ist den zurzeit produzierenden Kohleminen in Alberta ähnlich.
• Der erhaltene Gesamtfeuchtigkeitsgehalt variiert zwischen 17,7 und 33,4 % (wt), was den Standard für subbituminöse Kohle darstellt. Die Gesamtfeuchte beinhaltet eine inhärente und oberflächennahe Feuchtigkeit.
• Die Ausgleichsfeuchte – die ungefähre Menge an Feuchtigkeit in der Kohle – beträgt durchschnittlich 22 % (wt), die Gesamtfeuchte beläuft sich auf etwa 31 % (ausgewählte Proben). Dies weist darauf hin, dass eine Verringerung der Feuchte mit einer anschließenden Steigerung des Brennwertes möglich ist. Weitere Testarbeiten sind geplant, um dieses Upgrade-Konzept vollständig zu analysieren.
• Der erhaltene Schwefel variiert zwischen 1,5 und 3,2 % (wt).
• Der erhaltene Brennwert (Heizwert) variiert unter Anwendung der AR-Asche und der Gesamtfeuchte zwischen 13.335 und 17.594 kJ/kg (5.734 und 7.565 BTU/lb). Ein Großteil der Ressourcen weist über 7.300 BTU/lb AR auf, was den zurzeit produzierenden Kohleminen in Alberta ähnlich ist.
• Der luftgetrocknete Brennwert (Heizwert) variiert unter Anwendung eines durchschnittlichen AD-Laborwertes von 5 % zwischen 18.027 und 21.977 kJ/kg (7.750 und 9.450 BTU/lb) (getrocknet von Loring).
Die Qualität der Kraftwerkskohle von Border ist hinsichtlich der Feuchtigkeit, der Asche und des Brennwertes mit den Kohlelagerstätten von Alberta Plains vergleichbar, welche zurzeit den Großteil des Stroms für Alberta produzieren. Die allgemeine Mächtigkeit der Kohlenflöze von Alberta beträgt 0,5 bis 5 Meter, wobei die durchschnittliche tatsächliche Mächtigkeit bei Border etwa 25 Meter beträgt. Das durchschnittliche Verhältnis zwischen Abfall und Kohle beträgt bei den Kohlebetrieben in Alberta etwa 8:1, während bei Border einige Lagerstätten ein Verhältnis von 3,3:1 aufweisen und die Kohle von Border möglicherweise wirtschaftlich attraktiver für einen Tagebau machen. Ein zunehmendes Abraumverhältnis von 20:1 gilt gemäß dem GSC Paper 88-21 als konzeptuell tagebaubasiert und hängt vom Geldwert der Kohle ab.
Die Empfehlungen des technischen Berichts werden die Erstellung eines Preliminary Economic Assessments für das Grundstück beinhalten, um die Abbaubarkeit, Auswaschbarkeit, die Infrastrukturanforderungen, die Genehmigungsanforderungen, die umweltbezogenen Arbeiten, den Transport, die Preisgestaltung, die örtlichen und Exportmärkte, die vorläufigen Investitions- und Betriebskosten, die Machbarkeit eines Vor-Ort-Kraftwerks sowie die vorläufige wirtschaftliche Machbarkeit festzustellen.
Aus geologischer Sicht befindet sich die Kohle in der Cretaceous Mannville Group, überwiegend in der Formation Cantuar, die etwa 90 bis 100 Millionen Jahre alt ist. Kohle kommt in separaten Lagerstätten vor, deren Durchmesser zwischen 200 Metern und über 2 Kilometern variiert. Man vermutet, dass diese Lagerstätten durch die Auflösung von Salzen und/oder durch die Verdampfung in den darunter liegenden Kalksteinen aus dem Devon, in denen das Kohle bildende Anlagenmaterial gesammelt wird, Depressionen formten.
Aus geophysikalischer Sicht wird das Unternehmen seine Interpretationen der geophysikalischen Airborne-Untersuchungen fortsetzen, um zu bestimmen, welche Ziele das größte Potenzial für ein Kohlevorkommen aufweisen. Die Erfolgsrate der Bohrungen nimmt mit jedem Programm zu, da während des Vergleichs der tatsächlichen Feldergebnisse mit den geophysikalischen Airborne-Daten von Fugro Anpassungen vorgenommen werden. Der geophysikalische Erfolg bei Border wird zurzeit auch auf andere Projekte des Unternehmens in Saskatchewan und Manitoba übertragen, wo bereits mehrere Ziele definiert wurden, die in diesem Winter erkundet werden.
N. Eric Fier, CPG, P.Eng. ist als qualifizierter Sachverständiger für diese Pressemeldung verantwortlich und hat den Inhalt geprüft und genehmigt.
Goldsource Mines Inc. ist ein kanadisches Ressourcenunternehmen, das sich auf die Exploration und Erschließung des neuesten kanadischen Kohlefelds in der Provinz Saskatchewan konzentriert. Das Unternehmen hat bisher nur einen Teilbereich dieses neuen Thermalkohlefeldes bebohrt und innerhalb des zur Bebohrung freigegebenen Projektgeländes Border 15 Kohlelagerstätten unterschiedlicher Größe mit Mächtigkeiten von bis zu 100 Meter entdeckt. Das finanzkräftige Unternehmen mit Sitz in Vancouver, BC wird von erfahrenen Bergbau- und Wirtschaftsexperten geleitet.
Diese Pressemitteilung enthält zukunftsgerichtete Aussagen, die sich auf zukünftige Ereignisse und Zustände beziehen und daher mit Risiken und Unsicherheiten behaftet sind. Die tatsächlichen Ergebnisse, die Programme und die Finanzlage des Unternehmens können wesentlich von jenen abweichen, die in diesen zukunftsgerichteten Aussagen vorausgesagt worden sind. Dafür kann es zahlreiche Gründe geben, von denen einige nicht im Einflussbereich des Unternehmens liegen. Zu diesen Gründen zählen u.a. die Verfügbarkeit von Finanzmitteln, Zeitpunkt und Inhalt von bevorstehenden Arbeitsprogrammen, Ergebnisse aus Explorations- und Erschließungsaktivitäten auf Rohstoffgrundstücken, Auswertung von Bohrergebnissen und anderen geologischen Daten, Unsicherheiten in bezug auf Ressourcen- und Reservenschätzungen, Erhalt und Fortbestand von Kohlelizenzen und Grundrechten, Projektkostenüberschreitungen und nicht vorhergesehene Ausgaben, Schwankungen bei den Waren- und Produktpreisen, Währungsschwankungen und die allgemeine Markt- und Branchensituation.
Zukunftsgerichtete Aussagen basieren auf den Erwartungen und Meinungen des Managements zum Zeitpunkt der Äußerung dieser Aussagen. Annahmen, auf denen solche Informationen beruhen, könnten sich möglicherweise als ungenau herausstellen, selbst wenn diese zum Zeitpunkt der Erstellung für vernünftig gehalten werden. Zukunftsgerichtete Aussagen können daher nicht als verlässlich gelten.
“J. Scott Drever”
J. Scott Drever, President
GOLDSOURCE MINES INC.
Kontaktperson:
Fred Cooper
Telefon:
(604) 694-1760
Fax:
(604) 694-1761
Email:
Website:
www.goldsourcemines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
http://www.goldsourcemines.com/_resources/GXS_Cambridge_Jan_2010.pdf
http://www.goldsourcemines.com/_resources/GXS_Cambridge_Jan_2010.pdf
goldsourcemines.com/_resources/images/goldsource_email3.jpg" style="max-width:560px" />
Goldsource Drills 126.5 Metre Coal Zone Intercept
Completes Winter Program
April 9, 2010
Dear ..........,
VANCOUVER, B.C. April 9, 2010 – Goldsource Mines Inc. (“Goldsource” or the “Company”) is pleased to report that it has completed drilling 27 core holes for the winter 2009-10 exploration program at its wholly-owned Border Project (“Border”) located near Hudson Bay, Saskatchewan, Canada which encountered several thick coal zones including 126.5 metres in the Niska 107 deposit. Drilling to date has discovered 17 coal deposits at Border with good potential for additional coal discoveries (see attached map). The winter program also included 5 drill holes on the Ballantyne property as well as 8 holes on the Company's quarry claims in Manitoba.
Current coal resources at Border, as established in the Company’s NI 43-101 ”Technical Report on the Border Coal Property, Resource Estimation” prepared by Moose Mountain Technical Services dated December 24, 2009 and available at www.sedar.com, include:
The highlights of the winter program are as follows:
J. Scott Drever, President stated: “We believe we were successful in achieving our main goals of converting the Inferred Resources in the Niska deposits to the higher category of Indicated Resources and confirming that we have exceeded the threshold target of 100,000,000 tonnes of Indicated Resources to support a potentially economic operation. The success of Westcore Energy in the area is important to us in growing our resource base as we have now earned a 25% interest in any resources that may develop as a result of their new discoveries.”
Summary of Winter Program Coal Intercepts at Border:
Numbering of the drill holes for this phase of exploration continues sequentially from previous programs beginning at BD09-116. Names of deposits are based on an identifier in the general location and the Areas are designated according to the discovery hole numbers.
| Hole ID | From (m) | To (m) | Coal Zone Interval *(m) | Notes | |
| BD10-120 | 60.5 | 85.3 | 24.8 | Niska 107 deposit | |
| BD10-121 | 72.0 | 111.2 | 39.2 | ||
| BD10-125 | 71.5 | 126.0 | 54.5 | ||
| BD10-127 | 50.0 | 68.0 | 18.0 | ||
| BD10-133 | 41.0 | 80.0 | 39.0 | ||
| BD10-136 | 56.5 | 183.0 | 126.5 | ||
| BD10-138 | 45.0 | 63.0 | 18.0 | ||
| BD10-119 | 83.8 | 148.0 | 64.3 | Niska 108 deposit | |
| BD10-123 | 107.0 | 137.0 | 30.0 | ||
| BD10-132 | 89.0 | 94.0 | 5.0 | ||
| BD10-135 | 70.3 | 80.0 | 9.7 | ||
| BD10-139 | 80.0 | 103.0 | 23.0 | ||
| BD10-116 | 50.0 | 51.0 | 1.0 | New - Niska 116 | |
| BD10-122 | 92.7 | 94.6 | 1.9 | New - Leaf Lake 122 | |
| BD10-124 | 86.0 | 139.0 | 53.0 | Pasquia 2 in-fill hydrology hole | |
| BD10-140 | 78.0 | 152.0 | 74.0 | Chemong 3 in-fill hole |
*The coal zone intervals are based on visuals (coal and carbonaceous material) and down hole, e-log density of 1.6 g/cc or less.
Initial identification of the intervals of coal in the table above is based on visual and downhole geophysical characteristics. The Company cautions against placing undue reliance on the visual and downhole survey observations of the coal until the results of the analytical work have been announced. Sampling and laboratory test work has commenced at Loring Labs in Calgary on 177 samples with compiled results anticipated by early June 2010.
Drill holes BD10-117, BD10-118, BD10-126, BD10-128 to 131, BD10-134 and BD10-137 contained no significant coal intercepts. Three engineering holes were completed to initially test geotechnical and hydrological parameters for the PEA.
This current phase of drilling is now completed and all data will be compiled and incorporated into an updated NI 43-101 Technical Report which will include an updated resource model and the results of the PEA which is underway with completion anticipated in late Q3, 2010.
N. Eric Fier, CPG, P.Eng. and Qualified Person for this news release has reviewed and approved its contents.
Goldsource Mines Inc. is a Canadian resource company engaged in the exploration and development of Canada’s newest coal field in the province of Saskatchewan. The Company has aggressively drilled only a portion of this new thermal coal field and has discovered 17 coal deposits of varying size with coal zone thicknesses up to 126 meters within the permit area of the Border Coal Project. Headquartered in Vancouver, BC, the Company is well financed and is managed by experienced mining and business professionals.
This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of coal permits and mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in commodity product prices; currency fluctuations; 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, undue reliance should not be placed on forward-looking statements.
“J. Scott Drever” |
| Contact: Fred Cooper |
Der Finanzreport und das MD&A ist nun auch auf Sedar.
Finanzreport
http://www.sedar.com/...?lang=EN&docClass=5&issuerNo=…
MD&A
http://www.sedar.com/...?lang=EN&docClass=7&issuerNo=…
Tja ich hoffe mal das die 1,40 hält und das dann vielleicht ein W gebildet wird.
www.bilder-hochladen.net/files/big/euww-4.png
Annsonsten schau ich mir zum Aufrichten, in dieser "schwierigen" Zeit, den Ausblick aus der letzten Präsentation an und hoffe, das es GXS zeitmäßig auf die Reihe bekommt und dann auch anständig den Shareholdern komuniziert.
http://www.goldsourcemines.com/_resources/GXS_PDAC_March_201…
Seit Monaten kennt der Kurs nur eine Richtung, obwohl die Aussichten recht vielversprechend waren. Finanzierungen standen usw, nur der Kurs mag nicht.
Werde den Kursverlauf weirerhin beobachten, mal schauen wann der Boden gefunden wird, vielleicht lohnt sich dann hier einzusteigen... was meint ihr?
N E W S R E L E A S E
Goldsource Proposes Merger with Coal Gasification Technology Company - Prepares For Summer Drill Program
July 11, 2011
VANCOUVER, B.C. July 11, 2011 – Goldsource Mines Inc. ("Goldsource" or the "Company") and Zero Emission Energy Plants Ltd (ZEEP) are pleased to report that they have entered into a binding Letter of Intent ("LOI) for a business combination (the "Transaction") whereby the two companies would merge.
Goldsource is a publicly listed Canadian resource company engaged in the exploration and development of Canada's newest coal field in the province of Saskatchewan. Goldsource is responsible for recently identifying one of Canada's most promising new coal deposits, in Eastern Saskatchewan and to date has outlined coal resources of more than 170 million tonnes of good quality, sub- bituminous thermal coal (see below for categories). Headquartered in Vancouver, BC, the Company is managed by experienced mining and business professionals.
ZEEP is a private Bermuda company at arm's length to the Company with worldwide rights to a leading and state of the art gasification technology developed by the Pratt & Whitney Rocketdyne ("PWR") division of United Technologies Inc.. The technology is able to convert heavy hydrocarbons, such as the Goldsource coal, into clean transportation fuels and chemicals while largely eliminating pollutants. Industry has used gasification technology and equipment to transform heavy hydrocarbons for nearly 50 years, but the PWR technology eliminates virtually all of the issues commonly encountered with the older generation equipment. The PWR technology has undergone extensive testing at a pilot plant located in Chicago, Illinois that has been supported by the US Department of Energy, Alberta Energy Research Inc. (AERI) and ExxonMobil. ZEEP has partnered with PWR in the advancement of the new technology and as the commercialization partner, is exploring opportunities for installations of the technology around the world. ZEEP is managed by a team of professionals with extensive experience in gasification technologies and the acquisition and development of large energy projects. ZEEP has offices in Houston, Calgary, Beijing China and Sydney Australia. (for further information please go to www.ZEEP.com )
Letter of Intent
The obligations of Goldsource and ZEEP to complete the Transactions contemplated in the LOI will be subject to, among other things, negotiation of definitive documentation (the "Transaction Documents") which will contain the terms and conditions set out in the letter agreement and such other terms and conditions as are customary for transactions of the nature contemplated by the LOI.
Pursuant to the LOI, the parties will complete the Transaction on the basis that for each Goldsource common share a Goldsource shareholder will receive 1.2727shares of the combined entity ("NEWCO") and each ZEEP shareholder will receive one share for each of their ZEEP shares. NEWCO will have approximately 154.8 million shares issued and outstanding and approximately 183.0 million shares on a fully diluted basis after giving effect to a financing of US$10 million to be completed by ZEEP prior to closing of the Transaction. Goldsource and ZEEP shareholders will hold approximately 23.4% and 76.6% respectively of NEWCO.
The contemplated Transaction will be classified as a reverse take-over under the policies of the TSX Venture Exchange and will be subject to a number of conditions including, but not limited to, receipt of all required regulatory approvals, the receipt of a fairness opinion, board of directors and shareholder approval and the completion of such due diligence as necessary to satisfy each of Goldsource and ZEEP as to their respective financial condition, assets, corporate records, business operations and any other affairs of the other party deemed necessary. ZEEP will also be continued under the Business Corporations Act (Alberta) and be required to complete a financing of approximately US$10 million from arm's-length third party investors.
Trading in the Company's shares will be halted on the TSX Venture Exchange until the conditions required by the TSX-Venture Exchange for reinstatement of trading have been met. The parties have agreed to complete the requirements for reinstatement of trading on the TSX Venture Exchange in a timely fashion so that trading of Goldsource shares may resume. The target date for completion of the Transaction is expected to occur in the fourth quarter of 2011 following a meeting of the Goldsource shareholders.
J. Scott Drever, President of Goldsource stated; "We are extremely pleased with this proposed combination in that gives Goldsource shareholders an excellent opportunity to have the real value of our Saskatchewan coal resources recognized. We are aware that monetizing the value of this our coal assets is a significant challenge and now Goldsource will be able to achieve this by combining our coal resource with the best, new clean energy technologies currently available in the industry." He also went on to say that, "the combination of Goldsource and ZEEP will also provide Goldsource shareholders with participation in a number of clean energy, project developments through a truly world class management team with the capabilities to complete the development of our mine and construct a major clean energy center in Saskatchewan as well as in many other locations around the world."
Ron Oligney, CEO of ZEEP, stated that he's also excited by the combination of the two Companies. "The combination of PWR's game changing gasification technology and Goldsource's promising Saskatchewan coal resource will allow us to create one of the world's best industrial clean-tech stories". He went on to say, "The management team at ZEEP has long believed that with the right application of technologies like the PWR gasifier, heavy hydrocarbons like coal, petroleum coke and biomass can be a significant portion of our energy supply mix in the future. Coal is one of the world's most abundant forms of energy and there's nothing wrong with using it as long as we apply the innovation that allows it to be used in an environmentally friendly manner. He went on to say, "with the Goldsource coal, and the use of the PWR gasification technology the merged company can become a leader in the advancement of clean coal energy projects."
Completion of the transaction is subject to a number of conditions, including Exchange acceptance and disinterested shareholder approval. The transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the transaction, any information released or received with respect to the reverse take-over may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
2011 Drill Programs
Goldsource is also pleased to report that preparation is underway for its summer drill program to commence in August at its wholly-owned Border Project ("Border") located near Hudson Bay, Saskatchewan. The purpose of the summer program will be to test several geophysical anomalies for potential expansion of its coal resources. A second phase will be to collect a bulk coal sample for a variety of test work with respect to coal-to-liquids, gasification, power plant application and upgrading of the coal for transport will likely be carried out after freeze-up once the scope of test work for the ZEEP technology is determined.
The first part of the program will consist of 5 to 10 core holes (near road and helicopter-supported) to test 3 significant geophysical anomalies which have been identified using the Company's proprietary proven Coal Identification Matrix (CIM). One target is approximately 5 km by 5 km and may contain a large coal resource near road and rail. The other 2 targets are both greater than 1 km by 1 km with potential to contain significant coal resources. Please see attached map for target and drill hole locations: http://goldsourcemines.com/_resources/news/...ummer_drill_program.pdf
The second part of the program will consist of approximately 10-20 large diameter core holes to collect a representative bulk coal sample for test work at various labs and the ZEEP pilot plant. This test work will provide additional quality information with respect to its usage for coal to liquids, gasification, power plant application or upgrading for transport. The most feasible technology for the Border coal at this point appears to be coal to liquids or gasification.
The Company's resource estimates were recently revised as part of the Preliminary Assessment completed by Marston Consultants and EBA Engineering Consultants Ltd (a Tetra Tech company). The Company expects to increase the overall tonnages and upgrade the resources in the speculative and inferred categories with the upcoming drill program. The addition of the Niska 105 deposit accounted for much of the increase to the speculative category but airborne gravity surveys shows that the target is much larger than initially believed and that the single coal intercept of 37 metres was near to the northeastern end of the deposit. There are a number of priority targets yet to be tested that could add to the overall resource base of the area.
.....................................................
"J. Scott Drever"
J. Scott Drever, President
GOLDSOURCE MINES INC.
Contact: Fred Cooper
Telephone: (604) 694-1760
Fax: (604) 694-1761
Toll Free: 1-866-691-1760 (Canada & USA)
Email: info@goldsourcemines.com
Website: www.goldsourcemines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
http://www.goldsourcemines.com/_resources/news/nr_20110711.pdf
VANCOUVER, BRITISH COLUMBIA – September 1, 2011 – Goldsource Mines Inc. ("Goldsource") (TSXV: GXS) is pleased announce that Goldsource and Zero Emission Energy Plants Ltd. ("ZEEP") have entered into a definitive arrangement agreement dated August 24, 2011 (the "Arrangement Agreement") in connection with the arm's length business combination of Goldsource and ZEEP previously announced on July 11, 2011.
The Arrangement Agreement
The Arrangement Agreement contemplates the following (collectively, the "Transactions"):
- 2 -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES.
• under the terms of the Arrangement Agreement, Goldsource and ZEEP will effect a business combination whereby ZEEP will acquire all of the issued and outstanding common shares ("Goldsource Shares") of Goldsource in exchange for 1.2727 Class A common shares ("ZEEP Shares") of ZEEP for each Goldsource share held, and Goldsource will become a wholly-owned subsidiary of ZEEP (the "Arrangement");
• any warrants to acquire Goldsource Shares, if outstanding immediately prior to the effective time of the Arrangement, shall remain outstanding and exercisable for ZEEP Shares in accordance with the warrant adjustment provisions contained in the terms of such warrants;
.............................
www.goldsourcemines.com/_resources/news/nr_2011_09_01.pdf
Goldsource Begins Drill Program at Border
TSX‐V: GXS FWB: G5M For Immediate Release
VANCOUVER, B.C. September 6, 2011 – Goldsource Mines Inc. (“Goldsource” or the “Company”) is pleased to report that its
summer drill program previously announced on July 11, 2011 is now underway at its wholly‐owned Border Project (“Border”)
located near Hudson Bay, Saskatchewan. Road access, where necessary and helicopter drill pads have been constructed and
the drill rig has begun the first hole. The purpose of the program is to test several previously‐defined geophysical anomalies
for potential coal resource expansion (see attached map).
The program will consist of up to 10 core holes that will be drilled near to road access or utilizing helicopter support to test 3
significant geophysical anomalies which have been identified using the Company’s proprietary proven Coal Identification
Matrix (CIM). One target is approximately 3 kilometres by 3 kilometres and exhibits geophysical signatures similar to those
that are related to known large coal deposits. The other 2 targets with similar geophysical features both measure more than
1 kilometre by 1 kilometre. It is expected that the drilling phase of this program will take approximately 45 ‐ 60 days to
complete. As in the past the Company expects to report coal interval intercepts once the holes are completed and
electronically logged with analytical results to follow once they become available.
Applications have been submitted to the Saskatchewan Ministry of Energy and Resources for conversion of existing coal
permits to coal leases. The Company has applied to retain approximately 56,000 hectares which covers all current coal
resources, potential exploration targets and road and rail infrastructure access. The leases will be valid for a period of 15
years, renewable for a second 15 year period and are subject to a $5.50 per hectare annual rental fee but no work
commitments.
www.goldsourcemines.com/_resources/news/nr_2011_09_06.pdf
Goldsource Corporate Update
ZEEP Transaction Closing Date Extended
+ 100 Metre Coal Zones Intercepted at Border
TSX-V: GXS FWB: G5M For Immediate Release
VANCOUVER, B.C. November 4, 2011 – Goldsource Mines Inc. (“Goldsource” or the “Company”) announces that it has
agreed with Zero Emissions Energy Plants (ZEEP) to extend the closing date of the business combination of Goldsource and
ZEEP to December 31, 2011. A definitive Arrangement Agreement was announced September 1, 2011. In connection with
the closing date extension, the date of the requisite Special Shareholders Meeting has been postponed and is being
rescheduled for mid to late December.
Completion of the Arrangement is subject to the satisfaction of a number of conditions under the Arrangement Agreement,
including receipt of the approval of the TSX Venture Exchange (the "Exchange") to the listing of the ZEEP shares, approval of
the Arrangement and election of new Directors by not less than 50% of the votes cast at the ZEEP shareholder meeting,
approval of the Arrangement by not less than two-thirds of the votes cast at the Goldsource shareholder meeting, approval
by the Supreme Court of British Columbia (the "Court"), receipt of all other required regulatory and third party approvals and
consents; and such other conditions as may be required to complete and effect the Arrangement.
Under the amended terms of the Arrangement Agreement ZEEP is required to have completed a financing for minimum
aggregate proceeds of $11,000,000. ZEEP has received subscriptions for over $5.0 million of the required financing and is in
advanced discussions for the balance of the financing with financial institutions and investors.
The Company is also pleased to report that it has completed drilling 8 core holes in its most recent exploration program at its
wholly-owned Border Project (“Border”) located near Hudson Bay, Saskatchewan, Canada. These holes, some of which
encountered several thick coal zones in excess of 100 metres, were drilled in the Niska 105 (5 holes) and Pasquia 98 (2 holes)
deposits as well one hole to test an airborne geophysical anomaly in the Red Deer area in Manitoba. Drilling on the property
to date has discovered a total of 17 coal deposits at Border with good potential for additional coal discoveries (see attached
map).
Exploration program highlights are as follows:
• A total of 8 holes completed with 1,308 metres drilled. Six out of eight holes encountering coal zone intercepts.
• The most significant coal zone intervals occurred in the Niska 105 sub-basin where 5 holes encountered true,
aggregate thicknesses ranging from 69 to 119 metres (see table below).
• Infill drilling has given better definition to the Niska 105 deposits where the objective was to upgrade Speculative
Resources to Indicated and Inferred Resources. A majority of the Speculative Resource at Niska 105 are expected to
be converted to Indicated Resources with potential increase in overall resources.
• Niska 105 deposit is conveniently located adjacent to rail and, after completing the upgrade to Indicated Resources,
should be a priority above other known Company deposits for near-future studies and potential development. ...............................................
farm7.static.flickr.com/6230/6321089037_e186a82e0e.jpg" style="max-width:560px" />
www.goldsourcemines.com/_resources/news/nr_2011_11_04c.pdf
Goldsource Announces Termination of ZEEP Transaction
Reviews Latest Drill Program Results
TSX‐V: GXS FWB: G5M For Immediate Release
VANCOUVER, B.C. December 12, 2011 – Goldsource Mines Inc. (“Goldsource” or the “Company”) announces that it has
provided Zero Emission Energy Plants Ltd. (ZEEP) with notice of termination of the Arrangement Agreement that was
announced September 1, 2011 in connection with the business combination of Goldsource and ZEEP.
Completion of the Arrangement was subject to the satisfaction of a number of conditions under the Arrangement
Agreement, including completing a financing for minimum aggregate proceeds of $11,000,000, which do not now appear to
be achievable on a timely basis.
J. Scott Drever, President stated: “Raising the necessary financing has been a challenge for ZEEP in these volatile markets and
we are disappointed that the current difficult market conditions have precluded the raising of the requisite funds on a timely
basis. We also believe that recent amendments to the Pratt Whitney Rocketdyne technology licensing agreement make the
terms of the ZEEP transaction significantly less attractive from Goldsource’s perspective. We have agreed with ZEEP to
explore possible business arrangements under which Goldsource would have access to the Pratt Whitney Rocketdyne coal
gasification technology to advance the development of the Border coal”.
As the intrinsic value of the coal deposits at Border remains intact despite the termination, the Company intends to review
the recommendations of the Marston Preliminary Assessment Report and to continue to identify potential applicable
technologies and possible participants with the special expertise and financial capacity to develop a major project such as
Border. The Company will also examine business opportunities that may lead to the acquisition of assets capable of reaching
commercial development in a shorter time frame and with less capital than those currently contemplated in the Preliminary...............................
Goldsource Reports Coal Analyses From Border Property
Converts Exploration Permits to Coal Leases
TSX-V: GXS FWB: G5M For Immediate Release
VANCOUVER, B.C. February 1, 2012 – Goldsource Mines Inc. (“Goldsource” or the “Company”) is pleased to report that it has received proximate analyses for the 8 core holes completed during the fall 2011 exploration program at its wholly-owned Border Project (“Border”) located near Hudson Bay, Saskatchewan, Canada. Multiple intercepts of up to 32 metres of continuous thermal coal were encountered. Drilling to date has discovered 17 coal deposits at Border with good potential for additional coal discoveries.
J. Scott Drever, President stated: “This program was successful in expanding the coal resources in the Niska 105 deposit and added to the understanding of the nature of the coal occurrences in Pasquia 98. We will revise our current resource estimates to confirm that we have exceeded the threshold target of 100,000,000 tonnes of Indicated Resources to support a potential economic operation. We are continuing our efforts to identify a useable technology and possible participants to assist in development of the Border coal deposits as well as exploring other business opportunities with respect to corporate growth of the Company”.
Summary of Coal Proximate Analyses at Border:
The weighted average ash and calorific values on an air dried basis from the PEA for the Indicated Resources were 24.4% and
17,555 KJ/Kg respectively and for the Inferred Resources these values were 25.11% and 19,620 Kj/Kg respectively. The
weighted average ash and calorific values for the intercepts reported above were 18.6 % and 22.570 KJ/Kg respectively. These
results show a notable improvement in the general characteristics of the coal quality of Niska 105 that could make it one of
the best deposits found to date.
Proximate analysis was completed by Loring Labs in Calgary, Alberta. Drill holes DD11-141 and 148 did not intercept significant
coal. Compilation of drill results is now completed and will be incorporated into an updated NI 43-101 Technical Report that
will include an updated resource model at Border.
Current coal resources at Border, as established in the Company’s NI 43-101 ”Preliminary Assessment Report on the Border
Coal Project, Saskatchewan, Canada” prepared by Marston Canada Ltd. And EBA Engineering Consultants Ltd., a Tetra tech
Company December 24, 2009 and available at www.sedar.com, include:
Indicated Resources: 79.1 million tonnes
Inferred Resources: 34.8 million tonnes
Speculative Resources: See NI43-101 Preliminary Assessment Report
Goldsource has strengthened its land position by the conversion of its three year exploration permits to Coal Mineral Leases.
The Company has received 81 Coal Mineral Leases comprising 56,109 hectares from the Saskatchewan Ministry of Energy and
Resources that cover all of the coal deposits discovered to date as well as areas that are considered favorable for the discovery
of additional coal deposits. The leases are for a period of 15 years renewable upon the terms and conditions set out in the
Regulations which include an annual rental fee of $5.50 per hectare.....................................................
www.goldsourcemines.com/_resources/news/GXS_NR_2012_02_01b.pdf
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| Wertung | Antworten | Thema | Verfasser | letzter Verfasser | letzter Beitrag | |
| 3 | 1000%Chance bis Ende 2012 | Knallpatrone23 | Berliner_ | 25.04.21 01:09 | ||
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| 2 | 33 | KOTZ! | Nimbus2007 | Camboso | 20.10.09 13:13 |
