Goldsource Mines to expand Eagle Mountain gold project in Guyana


Canadian firm Goldsource Mines is set to expand its Guyana-based Eagle Mountain gold project, where it is currently involved in a saprolite drilling programme. 

Goldsource noted that it is completing geotechnical, metallurgical and cost estimation studies in partnership with Tetra Tech Canada in order to finish a pre-feasibility study (PFS) at the project. 

The PFS is focused on evaluating the potential for a large-scale open-pit, gravity-cyanidation operation at Eagle Mountain.

Goldsource Mines president Yannis Tsitos said: "As stated in recent announcements, the two main objectives of this drilling are to expand the known near-surface saprolite gold mineralisation and re-categorisation of the current saprolite resources from inferred to indicated.

"Attaining these objectives will generate information to support a large-scale, low strip open-pit gravity-cyanidation operation at Eagle Mountain. 

"Attaining these objectives will generate information to support a large-scale, low strip open-pit gravity-cyanidation operation at Eagle Mountain."

“As our cooperation with Tetra Tech on the various PFS tasks continues, we are also pleased to see that the geotechnical field work around the current and future tailings facilities is now complete and metallurgical testing has been planned with implementation in September.”

Under the initial results from the drilling work, intercepts were identified in hole EMCR17-32, with 19m grading 3.04g/t gold from the surface, while hole EMCR17-06 was found to have 6.7m grading at 7.51g/t gold.

Currently, the drilling campaign comprises one core drill and two auger drills, with an additional core drill expected on-site next month.

The company is planning to expand the core drilling programme to around 150 holes from the existing 75 before the end of the year.