|
In April 2008 while drilling geophysical anomalies for diamonds Goldsource Mines Inc. intersected approximately 23 metres of black coal. Two discovery drill holes, 1.6 kilometres apart, documented a flat lying coal seam that ranks from high volatile bituminous B to sub-bituminous C thermal coal.
The discovery holes are located on the Border property approximately 50 kilometres north of the town of Hudson Bay and the property is transected by a CN rail line and a major roadway. A 230kv power line is located 70 kilometres north of the property.
Goldsource Mines Inc. has 100% interest in 132,000 hectares surrounding the "Durango" thermal coal discovery.
The Company is in the process of preparing for a winter work program. The first phase of drilling will consist of an estimated 50 drill holes (5,000 metres) and will focus on resource definition in the discovery area plus testing of additional targets in the permit area.
Additional information on the Border property is forthcoming. |
