Anuncio • Jul 05
Goldsource Mines' Shares Expects to be Delisted from the TSX Venture Exchange Mako Mining Corp. and Goldsource Mines Inc. announced that Mako has completed its previously announced acquisition of Goldsource by way of a plan of arrangement, pursuant to which Mako acquired all of the issued and outstanding common shares of Goldsource in exchange for common shares of Mako. As a result of the Transaction, Mako now owns the Eagle Mountain Gold Project in Guyana. The Goldsource Shares are expected to be delisted from the TSX Venture Exchange. Mako intends to cause Goldsource to submit an application to cease to be a reporting issuer under applicable Canadian securities laws. Anuncio • Mar 26
Mako Mining Corp. (TSXV:MKO) entered into an arrangement agreement to acquire Goldsource Mines Inc. (TSXV:GXS) for CAD 33.28 million. Mako Mining Corp. (TSXV:MKO) entered into an arrangement agreement to acquire Goldsource Mines Inc. (TSXV:GXS) for CAD 33.28 million on March 26, 2024. The holders of the issued and outstanding Goldsource Shares will receive 0.2200 of a common share of Mako for each Goldsource Share. Termination fee of CAD 1.35 million payable by Mako or Goldsource to the other under certain circumstances. The completion of the Transaction is subject to; (a) approval of the Goldsource security holders; (b) approval of the TSXV; (c) approval of the British Columbia Supreme Court; (d) there being no material adverse changes in respect of either Mako or Goldsource; (e) the approval at a special meeting of Goldsource security holders by (i) 662/3% of the votes cast by Goldsource shareholders, (ii) 662/3% of the votes cast by Goldsource shareholders and option holders, voting as a single class, and (iii) a simple majority of the votes cast by Goldsource shareholders. The boards of directors of Mako and Goldsource unanimously approved the entering into of the Arrangement Agreement. The transaction is expected to close Q2 2024. Eight Capital is acting as financial advisor and fairness opinion provider to Mako, and Cassels Brock & Blackwell LLP is acting as legal counsel to Mako. SCP Resource Finance LP is acting as financial advisor and fairness opinion provider to Goldsource, and Koffman Kalef LLP is acting as legal counsel to Goldsource. Anuncio • Dec 15
Goldsource Mines Inc. Provides Update on Upcoming Preliminary Economic Assessment Goldsource Mines Inc. provided 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 initial phase, or Phase 1, comprises shallow (starting at surface), low strip ratio open pits for saprolite resources and a processing plant design that accounts for the beneficial characteristics of saprolite, including low power requirements and elevated metallurgical recoveries. This is followed by Phase 2, the development of fresh rock mineralization, in which gold production is derived from a blend of fresh rock and saprolite. The transition to fresh rock, both the timing and production scale, has been set to maximize the utility of the in-place infrastructure and potential free cash flow provided in Phase 1. The Company anticipates receiving the PEA results for release in January 2024 with a NI 43-101 Technical Report to be filed within 45 days of the results announcement. This represents a modest delay relative to the Company's guidance of the fourth quarter 2023. The Company will be participating in several industry conferences in the first quarter of 2024, including the Vancouver Resource Investment Conference (January 21-22), Mines and Money - Miami (Feb 22-23), and PDAC Toronto (March 3-6). The PEA will be based on the April 2022 Mineral Resource Estimate ("MRE") comprised of an estimated 31.1 million tonnes ("Mt") grading 1.18 grams per tonne ("gpt") gold for 1,183,000 oz of gold in Indicated Resources, and 18.4 Mt grading 0.98 gpt gold for 582,000 oz of gold in Inferred Resources. The 2022 MRE is contained in a report titled "Eagle Mountain Gold Project, Potaro - Siparuni Region Guyana, NI 43-101 Technical Report" dated May 24, 2022, with an Effective Date of April 5, 2022. The Company's Eagle Mountain Project, like all major gold projects in Guyana, falls within this Essequibo area, the sovereign territory of Guyana. The Company's activities at Eagle Mountain, including exploration, technical and environmental studies, along with ongoing coordination with governmental agencies, which included meetings last week when Company executives were in Guyana, remain unaffected by recent events, though the Company will continue to monitor the situation very closely. The Company has operated in Guyana at the Eagle Mountain Project for over 10 years and intends to be in Guyana for many more years in its commitment to the responsible and sustainable management of the Project and its natural resources in Guyana's Region 8, Potaro-Siparuni. Anuncio • Sep 12
Goldsource Mines Inc. Provides Update on Engineering and Exploration Activities for Eagle Mountain Goldsource Mines Inc. provided 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 drilling activities to test new targets within the Eagle Mountain Prospecting License ("PL") and expansion and infill drilling to facilitate engineering studies. Overall, the PEA and related engineering activities are progressing well with the announcement of results anticipated in the fourth quarter of 2023. The PEA will be based on the April 2022 Mineral Resource Estimate ("MRE") comprised of an estimated 31.1 million tonnes ("Mt") grading 1.18 grams per tonne ("gpt") gold for 1,183,000 oz of gold in Indicated Resources, and 18.4 Mt grading 0.98 gpt gold for 582,000 oz of gold in Inferred Resources. The 2022 MRE is contained in a report titled "Eagle Mountain Gold Project, Potaro - Siparuni Region Guyana, NI 43-101 Technical Report" dated May 24, 2022, with an Effective Date of April 5, 2022. Engineering Activity. Generative Exploration Highlights: Per plan in H1 2023, the Company expanded its generative exploration program focusing on adding to the pipeline of exploration targets within the PL and district properties outside the PL for which the Company has exploration agreements. In collaboration with independent geological consultants, the Company completed a multi-month review of all geological data with site visits to enhance exploration models for prospects. New concepts will be tested through the balance of 2023 with generative techniques and core drilling. Soca Prospect and South Ann Prospect Drilling Highlights: Notwithstanding a reduction in drill metres prior to July 2023, several prospects were targeted within the PL. Results for thirteen (13) core holes totaling 1,652.5 metres for the Soca and South Ann prospects located approximately 1.5 and 1.1 kilometres, respectively, south of the 2022 MRE outline for the Eagle Mountain deposit along the Salbora-Powis north-south trend. Drilling has intersected mineralization along an aggregate strike length of approximately 275 metres, down to 170 metres depth, with high-grade gold intervals as well as broader areas of lower grade mineralization. Recent drilling has extended the prospect by 100 metres to the east with the identification of two additional mineralized zones represented by four drill holes EMD23-281 to EMD23-284. Drilling at South Ann targeted an interpreted contact between a quartz-feldspar porphyry intrusion and granodiorite. Four drill holes (EME22-175 to EME22-177 and EME22-183) intersected gold mineralization, which has an aggregate strike length of 175 metres with several mineralized intervals. Importantly, advancements confirm the current mineral resource model while also providing key information with respect to the geological genesis, which will enhance exploration targeting, notably in underexplored areas of the PL. EMEdefines core holes completed by contractor drill rig. True widths are estimated on mineralization orientation to drill core. Saprolite and hard rock cut-off grades of 0.3 and 0.5 gpt gold, respectively. Soutex offers a wide range of services with its personnel having experience in plant operation, engineering, technical services, research and development, training, and process control, simulation and optimization. Such forward-looking statements concern Goldsource's strategic plans; timing and expectations for the Company's exploration and drilling programs at Eagle Mountain; mine development plans, preparation and timing of the PEA; and information regarding high grade areas projected from sampling results and drilling results. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; reliability of the 2022 MRE; availability of mining equipment; availability of skilled labour; availability of skilled labour; timing and amount of capital expenditures; performance of capital expenditures; performance of available laboratory and other related services; availability of funds; availability of funds; and future operating costs; and future operating costs. The actual results could be available of funds; and future operating cost. The actual results could be made regarding, and future operating costs. Anuncio • Jun 10
Goldsource Mines Inc. Elects Laurie Gaborit as New Director Goldsource Mines Inc. at its Annual General Meeting held on June 8, 2023, elected Laurie Gaborit as new director. Ms. Gaborit has over 30 years of combined work experience in mineral exploration, investor relations and corporate communications. She is currently Vice-President Investor Relations for Dore Copper Mining Corporation and serves on the board of directors for Monarch Gold Corporation and Gold Terra Resource Corporation. Ms. Gaborit was Vice-President Investor Relations for Detour Gold Corp, where she was a key member of the management team from the company's initial public offering in 2007 to its successful transformation to intermediate gold producer. Prior to this, Ms. Gaborit provided strategic investor relations and corporate communications services to a number of junior mining companies. In 2019, she was the recipient of the CIRI Belle Mulligan Award for leadership in investor relations. Ms. Gaborit started her career as a geologist for Aur Resources, Cambior, and Romarco Minerals. She holds a Bachelor of Science in Geology (Honours). Anuncio • May 24
Goldsource Mines Inc. announced that it has received CAD 2.70252 million in funding On May 23, 2023, Goldsource Mines Inc. closed the transaction. The company amended terms of the transaction. The company issued 7,507,000 units at a price of CAD 0.36 per unit for CAD 2,702,520. Warrant issued is exercisable into one Common Share at a price of CAD 0.55 until May 19, 2025. The transaction included participation from insider investors for 400,000 units. All securities issued pursuant to the Private Placement are subject to a hold period of four months and one day expiring on September 20, 2023. The Private Placement is subject to final approval of the TSXV. 