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Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

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McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

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Message: Goldsource Reports New 23–50 Metre Coal Intercepts; 15 Coal Deposits Identified

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Goldsource Reports New 23–50 Metre Coal Intercepts; 15 Coal Deposits Identified

posted on Sep 02, 09 11:23AM

Other aspects of Goldsource that should be attractive to investors:

* Undiluted stock, with 19 million shares out.
* Cash in the bank:
The company raised $18 million when the market cap was higher.
* Management:
The management team is in the process of putting a gold-silver mine into production in Mexico (SilverCrest Mines). They know what they're doing. We've watched them raise funds favorably on more than one occasion. They follow through.
* Excellent infrastructure:
Deposit adjacent to railway, highway and service communities.
* Government support:
We have spoken with the mayor of the nearby town of Hudson Bay. She was effusive about the project.
* Aggressive exploration:
The company planned $5 - $6M winter drill hole program (commenced Q1-2009) - COMPLETE; Targeting 2009 NI 43-101 Technical Report and preliminary scoping study.
* Room for expansion:
The project is less than 10% explored; the company has consistently expanded the resource since discovery & owns more land in the region.