Founders Metals stock surges to new high on Antino drill results
The new results are highlighted by another high-grade interval of 6 metres at 5.31 g/t gold.
Goldsource Mines (TSXV: GXS) announced that it will follow strict covid-19 protocols to be able to restart exploration drilling at its Eagle Mountain gold project in Guyana.
In a press release, the company said it will use a remote quarantined camp so that workers keep their distance from nearby communities and respect government curfew restrictions.
Eagle Mountain is located 200 kilometres southwest of Georgetown and 45 kilometres from the historic Omai Gold Mine, which produced 4 million ounces of gold at an average grade of 1.4 g/t, from 1993 to 2005
The Vancouver-based miner also said that the back-to-work approach will be a staged one that starts with running one internal core rig to initially test up to 3,000 metres of the southern part of the Friendly prospect adjacent to the Eagle Mountain gold deposit, as well as several targets located along the north-south structural zone.
Later, in the first week of July, the plan is to re-commence an externally operated core drill to initially test 2,500 metres on targets north of the Salbora discovery, including Waterline and Montgomery.
Finally, once international restrictions on air travel are lifted, the company wants to initiate in-fill core drilling at Salbora and Eagle Mountain’s main deposit with another external contractor using a man-portable rig.
“We are looking forward to safely resuming drilling operations for resource expansion and conversion at Eagle Mountain, cautiously and under strict covid-19 protocols,” Yannis Tsitos, Goldsource Mines’ president, said in the media brief.
“In the last 36 months, we have drilled in excess of 25,000 metres at Eagle Mountain, resulting in the recent discoveries at Salbora, Powis, Toucan and Friendly. We are looking forward to an updated independent resource estimate for completion in Q4, 2020.”
