Goldsource seeks to chart scalable development of Eagle Mountain

Goldsource Mines (TSXV: GXS) is rapidly advancing the Eagle Mountain project in Guyana, the country’s second-largest undeveloped gold deposit, CEO Steve Parsons tells The Northern Miner in an interview.

On February 22, the Canada-based company published a new National Instrument 43-101 resource estimate update on the project, essentially doubling the indicated and inferred resource categories to just more than 1.7 million oz. gold. It is a milestone Parsons declares lends the project critical mass to move forward and for the company to contemplate a starter scenario on the expansive and highly prospective project.

The new resource estimate entails about 23 million tonnes grading 1.14 grams per tonne gold for 848,000 oz. of gold in the indicated category, and 25 million tonnes grading 1.09 grams per tonne gold for 868,000oz inferred.