Vancouver, British Columbia--(Newsfile Corp. - April 14, 2020) - Goldsource Mines Inc. (TSXV: GXS) (OTCQB: GXSFF) (FWB: G5M) ("Goldsource" or the "Company") is pleased to announce initial drill results from the Toucan Target ("Toucan") located within the north-south trending Salbora-Powis structural corridor (est. two kilometres in length) adjacent to the Eagle Mountain Gold Project ("Eagle Mountain") in Guyana, South America. Initial results represent four core holes (694 metres) which, when combined with historic data (see below), suggest that the Toucan discovery is initially 250 metres long by 20 to 40 metres wide, open along strike and to depth, and may be connected to the recently announced Powis discovery, 600 metres to the south (see attached Figures).
Yannis Tsitos, President, commented, "Since the discovery and delineation of the Salbora deposit, the Company has focused on comparing geophysical induced polarization and resistivity anomalies (sulphides and silicified zones) with historic exploration results to priorize our drill targets. This compilation has led us to the Toucan Target with an initial near-surface drill hole intercept of 66 metres grading 1.35 gpt gold in Hole EMD20-102 and a 36 metres intercept grading 2.1 gpt gold in Hole EMD20-105. Toucan contains a historic exploration adit grading 19.3 gpt gold over a 22 metre length (in-vein). The new drill results confirm continuity of gold mineralization below the historic adit and adjacent nearby shallow historic pits. Before the suspension on April 6th due to the COVID-19 pandemic (see news release dated April 6, 2020), several additional holes were completed at Salbora and Powis and initial drill results were obtained for the Friendly target. These results will be announced after compilation over the next six weeks."