COAL RESOURCE: Border project tops 100-M-tonne threshold

SASKATCHEWAN – Goldsource Mines of Vancouver says the latest estimate of indicated resources at its Border coal project 50 km north of the town of Hudson Bay is above the 100-million-tonne threshold needed to consider the project economically viable. With the results of drilling done on the Niska 105 sub-basin, the Indicated resource is now 117.0 million tonnes, up 47.8% f rom the earlier estimate of 79.1 million tonnes.

The border project has an additional 33 million tonnes in the inferred category.

Goldsource says they are still investigating priority targets at the project, and the overall resource could rise further. A bulk sampling program and prefeasibility studies may be carried out this year.

The most recent 43-101 report will be posted at GoldsourceMines.com in a few weeks.