(MENAFN- Baystreet.ca)
Goldsource Mines Inc (TSX-Venture:GXS) blew out of the starting blocks Wednesday on its new, rich discovery out of Guyana.
The Vancouver-based junior miner reported a new high-grade discovery from the first two diamond core hole results based on the ongoing exploration program at the Salbora target, Eagle Mountain Gold Project in Guyana.
The Company's first two diamond core holes include EMD18-053 with 40.0 metres (est. true width) grading 6.52 grams per tonne (g/t) gold ("Au") and EMD18-052 with 17.0 metre (est. true width) grading 2.82 g/t Au.
Results from these near-surface diamond core holes show high-grade gold mineralization below the previously announced surface trench, TRBS18-002, which returned 123 metres (horizontal width) grading 1.92 g/t Au.
Goldsource President Yannis Tsitos said "These first deeper drill holes at Salbora improve our understanding of the previously announced high-grade results, which included trenching and shallow sonic core drilling. Surface projection of gold mineralization to depth is apparent and remains open in all directions.'
Goldsource shares grew like the proverbial beanstalk late Wednesday morning, picking up 4.5 cents, or 60%, to 12 cents, on volume of 5.9 million shares.
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