First Gold Pour At Eagle Mountain Mine In Guyana

VANCOUVER – Goldsource Mines Inc. has successfully completed its first gold pour at its Eagle Mountain Gold Mine located in Guyana, South America. Commercial production is anticipated in the second quarter of 2016, which requires achieving 80% of nameplate capacity (1,000 tonnes per day). Tailings are being retained as inventory for future reprocessing. Phase I calls for a 1,000 tonnes per day open pit gravity plant with post-commissioning and ramp up cash operating costs of US$500 to US$600 per ounce of gold.

Yannis Tsitos, President, said, "Our first gold pour is an extraordinary and historic milestone for Goldsource. This important achievement was only possible through the dedicated and experienced construction, mining and processing teams and management in both Guyana and Canada. Our immediate focus over the next several months will be to ramp up production to the designed nameplate capacity and to demonstrate that the economic viability outlined in the PEA is achievable."