Mako Mining Acquires Goldsource Mines
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2024) - Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako") and Goldsource Mines Inc. ("Goldsource") (TSXV: GXS) (OTCQX: GXSFF) are pleased to announce that Mako has completed its previously announced acquisition of Goldsource by way of a plan of arrangement (the "Transaction"), pursuant to which Mako acquired all of the issued and outstanding common shares of Goldsource (the "Goldsource Shares") in exchange for common shares of Mako...
2024-07-03 5:00 PM EDT
Goldsource Securityholders Approve Arrangement with Mako Mining Corp.
Vancouver, British Columbia--(Newsfile Corp. - June 21, 2024) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") is pleased to announce that securityholders of Goldsource approved, at the special meeting of Goldsource securityholders held earlier today (the "Meeting"), the special resolution (the "Arrangement Resolution") in respect of a statutory plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which Mako...
2024-06-21 3:13 PM EDT
Independent Proxy Advisory Firms, ISS and Glass Lewis, Recommend Goldsource Shareholders Vote FOR the Arrangement Resolution with Mako Mining Corp.
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") is pleased to announce that Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), two leading independent proxy advisory firms, have each recommended that Goldsource shareholders ("Shareholders") vote "FOR" the Arrangement with Mako Mining Corp. ("Mako"), whereby Mako will acquire all of the issued and...
2024-06-18 8:20 AM EDT
Goldsource Announces One-Week Postponement of Special Meeting of Securityholders
Vancouver, British Columbia--(Newsfile Corp. - June 13, 2024) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") announces today that it has postponed by one week the Company's special meeting (the "Special Meeting") of securityholders of the Company (the "Securityholders") that was originally scheduled for Friday, June 14, 2024 to Friday, June 21, 2024. At the Special Meeting, Securityholders will be asked to approve the arrangement between Mako...
2024-06-13 8:38 PM EDT
Goldsource Announces Filing of Management Information Circular for Special Meeting of Securityholders to Approve the Arrangement with Mako Mining Corp.
The Goldsource Board unanimously recommends that Securityholders vote FOR the Arrangement Resolution (as set out in the Circular) to Approve the Arrangement with Mako Mining Corp. Securityholders are encouraged to read the Special Meeting materials and vote well in advance of the proxy deadline of 10:00 a.m. (Pacific time) on June 12, 2024. Securityholders who have questions or need assistance with voting their securities should contact Goldsource's proxy solicitation agent and shareholder...
2024-05-17 7:00 AM EDT
Mako Mining to Acquire Goldsource Mines Creating a Scalable Diversified Gold Producer with a Platform for Growth
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2024) - Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako") and Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) ("Goldsource") are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement"), pursuant to which Mako will acquire all of the issued and outstanding common shares of Goldsource (the "Goldsource Shares"), in exchange for common shares of Mako (the "Mako Shares"), by way of a plan...
2024-03-26 7:00 AM EDT
Goldsource Announces Filing of NI 43-101 Technical Report for the Eagle Mountain Gold Project
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2024) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") is pleased to announce that it has filed on SEDAR+ an independent technical report titled "Preliminary Economic Assessment for the Eagle Mountain Gold Project, Guyana" effective January 16, 2024 and dated March 1, 2024 (the "Technical Report") for the Company's 100%-owned Eagle Mountain Gold Project (the "Project") in Guyana, South...
2024-03-01 7:35 PM EST
Goldsource Announces Positive Preliminary Economic Assessment for the Eagle Mountain Gold Project; After-Tax IRR of 57% and NPV5% of US$292 Million
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2024) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FWB: G5MA) ("Goldsource" or the "Company") is pleased to announce results for a Preliminary Economic Assessment ("PEA") for the Company's 100%-owned Eagle Mountain Gold Project (the "Project") in Guyana, South America. The PEA demonstrates potential for robust project economics as expressed by both strong after-tax returns on capital and free cash flow. The PEA was prepared by...
2024-01-16 6:45 AM EST
Goldsource Provides Update on Upcoming Preliminary Economic Assessment and Comments on the Border Controversy Between Guyana and Venezuela
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2023) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") is pleased to provide an update on the planned Preliminary Economic Assessment ("PEA") for the Company's 100%-owned Eagle Mountain Gold Project ("Project") in Guyana, South America. The PEA, being prepared by ERM Consultants Canada Ltd. and Soutex Inc., considers a fit-for-purpose low-capex intensity phased development plan. The...
2023-12-14 6:45 AM EST
Goldsource Announces Stock Option Grant
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2023) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company"), a gold exploration company focused on the phased development of the 100%-owned Eagle Mountain Gold Project in Guyana, South America, announces the grant of stock options under its Stock Option Plan to purchase an aggregate of 1,825,000 common shares of the Company at a price of $0.29 per share for a five-year term expiring December 1,...
2023-12-04 6:45 AM EST
Goldsource Provides Update on Engineering and Exploration Activities for Eagle Mountain; Drilling Intersects 9.1 m (ETW) Grading 4.41 gpt at the Soca Prospect
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2023) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") is pleased to provide an update on its engineering and exploration activities for the Company's 100%-owned Eagle Mountain Gold Project ("Project") in Guyana, South America. The 2023 work program includes engineering activities focused on the delivery of a Preliminary Economic Assessment ("PEA") as well as generative exploration and...
2023-09-11 6:05 AM EDT
Goldsource Announces Stock Option Grant
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2023) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company"), a gold exploration company focused on the phased development of the 100%-owned Eagle Mountain Gold Project in Guyana, South America, announces the grant of stock options under its Stock Option Plan to purchase 215,000 common shares of the Company at a price of $0.30 per share for a five-year term expiring August 11, 2028. The stock...
2023-08-14 8:05 AM EDT
Goldsource Announces 2023 AGM Results
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2023) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") is pleased to announce that at the 2023 Annual General Meeting held on June 8, 2023 in Vancouver, British Columbia, Goldsource's shareholders voted in favour of all items of business. The Company's Stock Option Plan (the "Option Plan") was also approved by a majority of the shareholders. The Option Plan must be re-approved on an annual...
2023-06-09 9:15 AM EDT
Goldsource Closes $2.7 Million Upsized Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2023) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") is pleased to announce that it has closed its non-brokered private placement (the "Private Placement") previously announced on May 4, 2023, and upsized on May 8, 2023, for gross proceeds to the Company of $2,702,520. Under the Private Placement, the Company has issued a total of 7,507,000 units of the Company ("Units") at a price of $0.36...
2023-05-23 7:15 AM EDT
Goldsource Announces Increase of Non-Brokered Private Placement to $2,600,000
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2023) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") is pleased to announce that due to demand from potential investors, its non-brokered private placement announced on May 4, 2023 has been increased by $600,000 for total aggregate gross proceeds to the Company of up to $2.6 million (the "Private Placement").The Private Placement will consist of up to 7,222,222 units of the Company ("Units")...
2023-05-08 7:00 AM EDT
Goldsource Announces up to $2,000,000 Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 4, 2023) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FWB: G5MA) ("Goldsource" or the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") of up to 5,555,555 units of the Company ("Units") at a price of $0.36 per Unit for gross proceeds to the Company of up to $2,000,000. Each Unit will consist of one common share of the Company (each a "Common Share") and one-half of one Common Share purchase...
2023-05-04 7:05 AM EDT
Goldsource Reports Infill Drill Results for Eagle Mountain; 7.5 m (ETW) Grading 7.27 gpt Gold and 18.0 m (ETW) Grading 3.80 gpt Gold from Surface in Saprolite
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2023) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") is pleased to announce exploration results for the Company's 100%-owned Eagle Mountain Gold Project ("Project") in Guyana, South America. Reported results are principally for an infill drill program that was designed to test shallow near-surface saprolite and fresh rock gold mineralization as defined in the Company's April 2022 Mineral...
2023-03-23 6:45 AM EDT
Goldsource Reports Positive Results for Eagle Mountain Metallurgical Test Program and Announces 2023 Work Plans
Vancouver, British Columbia--(Newsfile Corp. - February 2, 2023) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") is pleased to announce positive results from the 2022 metallurgical test program, and the 2023 work plans for the Company's 100%-owned Eagle Mountain Gold Project ("Project") in Guyana, South America. 2022 Metallurgical HighlightsResults demonstrated high gold recoveries. Using conventional processing techniques, gold recoveries...
2023-02-02 6:45 AM EST
Goldsource Announces Stock Option Grant
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2022) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company"), a gold exploration company focused on the phased development of the 100%-owned Eagle Mountain Gold Project in Guyana, South America, announces the grant of stock options under its Stock Option Plan to purchase an aggregate of 1,532,500 common shares of the Company at a price of $0.40 per share for a five-year term expiring December...
2022-12-15 5:18 PM EST
Goldsource Announces New Discovery at Eagle Mountain Project; Trench with 40 Metres grading 5.16 gpt Gold in Saprolite and Drill Intercept of 9.2 Metres (ETW) grading 2.04 gpt Gold
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2022) - Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) ("Goldsource" or the "Company") is pleased to announce exploration results for the Company's 100%-owned Eagle Mountain Gold Project in Guyana, South America. Reported results are for a new discovery called North Zion with trenching and seven (7) core holes totalling 378 metres. An additional twenty-one (21) core holes totalling 1,606 metres are reported from the...
2022-12-13 6:45 AM EST