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coal investing

Goldsource Announces Coal Analyses from Border Project

Written by Investing News Network
|
Feb. 01, 2012 01:14PM PST

Goldsource Mines Inc. (TSXV:GXS,FWB:G5M) announced proximate analyses from the Saskatchewan-based Border project.

Goldsource Mines Inc. (TSXV:GXS,FWB:G5M) announced proximate analyses from the Saskatchewan-based Border project.

As quoted in the press release:

The weighted average ash and calorific values for the intercepts reported above were 18.6 % and 22.570 KJ/Kg respectively. These results show a notable improvement in the general characteristics of the coal quality of Niska 105 that could make it one of the best deposits found to date.

Goldsource’s President, J Scott Drever said:

We will revise our current resource estimates to confirm that we have exceeded the threshold target of 100,000,000 tonnes of Indicated Resources to support a potential economic operation.

Click here for the Goldsource Mines Inc. (TSXV:GXS) press release.

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