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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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