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Goldsource Mines Inc.

Investor Highlights

  • Extensive management experience in low-cost phased project execution in the Americas
  • Guyana: an excellent jurisdiction. British law. No environmental, no social issues.

Vision at Eagle Mountain: Support a large-scale open pit gravity/CIL gold operation, focused on low strip ratio, low cost mining of EM’s surficial saprolite resources.


  • Phase I Development (Pilot Plant) already built in 2015/16. Gravity only processing plant, open pit mine.
  • Mix of dry (truck-excavator) and wet mining (Marok pumping).
  • The Company intends to operate the plant at lower volumes (part time) until optimum parameters are achieved on a consistent basis to support breakeven to positive cash flow. In addition, operate to collect information for Large Scale Mining A) further test Marok, B) optimize cyclone, C) metallurgical test work.


  • Immediate focus is on increasing our saprolite resources to a minimum of 600,000 oz, grading 1.0-1.5 g/t, via expansion and in-fill drilling which started in late May 2017. Core Rig purchased.
  • Add new gold ounces and upgrade inferred resources into the indicated category in an updated resource estimate (Q4 2017).
  • An NI43-101 compliant Pre-Feasibility Study will commence in June 2017. Tetra Tech Inc. of Canada retained. Delivery H1 2018.

Strategy - Next Three Years
Our Vision: Become a low cost gold producer in Guyana. 
Production Capacity Target: 4,000 to 5,000 tonnes per day within 2-3 years.

  • Increase saprolite resource with further drilling
  • Produce New Mine Plan & Reserves
  • Deliver a PFS for a Gravity/CIL plant, based on increased resource & mine life.
  • Transition from medium scale to large scale mining license (which incl. EIAS, EPA submission & Final Permitting - Mineral Production Agreement with Government of Guyana & Environmental Permit)
  • Subject to success, Finance, Development, Mine Construction, Commissioning & Production (2019-2020)

N. Eric Fier, CPG, P.Eng., Executive Chairman and Chief Operating Officer of the Company, is the Qualified Person under National Instrument 43-101, Standards of Disclosure for Mineral Projects, responsible for the preparation of the technical information included in this website and for supervision of field activities related to the Company projects.