Goldsource Mines Nominated for 2014 "Deal of the Year" Award
March 20 2014 - 7:00AM
Marketwired
Goldsource Mines Nominated for 2014 "Deal of the Year" Award
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 20, 2014) -
Goldsource Mines Inc. (TSX-VENTURE:GXS)(FRANKFURT:G5M)
("Goldsource" or the "Company") has been nominated for a
distinguished Platts 2014 Global Metals Award for "Deal of the
Year" alongside fellow nominees ArcelorMittal / Nippon Steel &
Sumitomo Metal Corporation and Reliance Steel & Aluminum Co.
The Company is being recognized for its business combination with
Eagle Mountain Gold Corp. ("Eagle Mountain"), which is now a wholly
owned subsidiary of Goldsource.
Ioannis (Yannis) Tsitos, President of Goldsource, said, "We
believe our selection as a finalist highlights the strength and
merits of the new Goldsource Mines. Our strategic deal brings
together a high-quality gold project with well-defined resources in
mining-friendly Guyana and a leadership team that has a proven
fast-track record of achieving production and rapidly building
shareholder value."
Goldsource completed its business combination agreement with
Eagle Mountain on February 28, 2014. The merger was approved by
99.8% of tendered Eagle Mountain shares at a special meeting of
Eagle shareholders (inclusive of IAMGOLD Corporation, its largest
shareholder). In addition, it received support from all local
Guyanese stakeholders and authorities.
The Platts Global Metals Awards is a competitive awards program
honoring excellence and accomplishments in the global metals
industry. The awards program recognizes exemplary performance in a
dozen categories and is hosted by Platts, a leading global provider
of energy, petrochemical and metals information. Awards will be
announced on May 21, 2014 at Plaisterers' Hall in London, UK.
ABOUT GOLDSOURCE MINES INC.
Goldsource Mines Inc. (www.goldsourcemines.com) is a Canadian
resource company that is working aggressively to develop its
advanced-stage, 100%-owned Eagle Mountain gold project in Guyana
with initial staged production in 2014. The project has an existing
NI 43-101-compliant resource of 188,000 Indicated and 792,000
Inferred gold ounces, with strong potential to expand its
resources. Goldsource Mines is led by an experienced management
team, proven in making exploration discoveries, achieving
construction on time and budget, and fast-tracking production.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements"
within the meaning of Canadian securities legislation. Such
forward-looking statements concern Goldsource's anticipated
consolidated results and developments in Goldsource's consolidated
operations in future periods, planned exploration and development
of the Eagle Mountain Gold Project, plans related to its business
and other matters that may occur in the future. These statements
relate to analyses and other information that are based on
expectations of future performance, including silver and gold
production and planned work programs. Statements derived from
mineral resource estimates may also constitute forward--looking
statements to the extent that they involve estimates of the
mineralization that will be encountered if the Eagle Mountain
property is developed.
Forward-looking statements are subject to a variety of known
and unknown risks, uncertainties and other factors which could
cause actual events or results to differ from those expressed or
implied by the forward-looking statements, including, without
limitation: risks related to precious and base metal price
fluctuations; risks related to fluctuations in the currency markets
(particularly the Guyanese dollar, Canadian dollar and United
States dollar); risks related to the inherently dangerous activity
of mining, including conditions or events beyond control of
Goldsource, and operating or technical difficulties in mineral
exploration, development and mining activities; uncertainty in the
Goldsource's ability to raise financing and fund the development of
the Eagle Mountain Gold Project; uncertainty as to actual capital
costs, operating costs, production and economic returns, and
uncertainty that development activities will result in a profitable
mining operation at the Eagle Mountain Gold Project; risks related
to mineral resource figures being estimates based on
interpretations and assumptions; risks related to governmental
regulations and obtaining necessary licenses and permits; risks
related to the business being subject to environmental laws and
regulations; risks relating to inadequate insurance or inability to
obtain insurance; risks related to potential litigation; risks
related to the global economy; risks related to the Eagle Mountain
Gold Project being located in Guyana, including political,
economic, social and regulatory instability. Should one or more of
these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in the forward-looking statements. The
forward-looking statements are based on beliefs, expectations and
opinions of management on the date the statements are made. For the
reasons set forth above, investors should not place undue reliance
on forward-looking statements.
The information provided in this news release is not
intended to be a comprehensive review of all matters and
developments concerning Goldsource and its business combination
with Eagle Mountain. It should be read in conjunction with all
other disclosure documents of the two companies. The information
contained herein is not a substitute for detailed investigation or
analysis.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Goldsource Mines Inc.Ioannis (Yannis) TsitosPresident+1 (604)
694-1760 / Toll Free: 1-866-691-1760 (Canada & USA)+1 (604)
694-1761Goldsource Mines Inc.Fred CooperInvestor Relations+1 (604)
694-1760 / Toll Free: 1-866-691-1760 (Canada & USA)+1 (604)
694-1761info@goldsourcemines.comwww.goldsourcemines.com
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