As part of its initial exploration programme, the company plans to drill eight holes totalling 650 metres to test airborne geophysical anomalies in the Pine River area of southwestern Manitoba. These drill targets have similar geophysical signatures to those exhibited by initial 15 coal deposits discovered at the company’s Border Coal Project in Saskatchewan.
A second stage of drilling is scheduled in February, 2010, once access becomes available after freeze-up. These two stages will consist of approximately 20 drill holes that will further examine the extent of the Manitoba coal deposits along the Durango Trend and provide initial information on coal quality.
Following its coal discovery at the Border Property in Saskatchewan, Goldsource researched various Manitoba data bases and identified coal occurrences in western Manitoba. The data reported several coal occurrences within the Cretaceous Mannville Group ranging in thickness from 1 to 20 metres at shallow depths of 14 to 90 metres below surface. The company drilled five reconnaissance holes on private land in late 2008, which confirmed the historical data in certain areas.
The company subsequently carried out airborne geophysical surveys over selected areas, which identified potential coal bearing sub-basins using the company’s proprietary geophysical signatures developed at the nearby Border Coal Project.
Goldsource Mines is a Canadian resource company engaged in exploration and development of coal field in the province of Saskatchewan.
