ntercepting a coal bed of over 100 metres in thickness is absolutely stupendous," said J. Scott Drever, President. "Think of it as a 33-story tall building. We are unaware of any other such coal occurrence in North America. Our plan for the area surrounding discovery holes BD08-03 and BD08-06 is to expand the coal zones and identify sufficient quantities of quality thermal coal such that we can delineate an economic resource that has the potential to be developed."

With each successive drill hole, Goldsource is establishing a more comprehensive understanding of the geological and depositional characteristics of the coal at Border. The depth and extent of coal found in the recent directional drilling of the Chemong area indicates that re-drilling of some previously completed holes in this area to depths below 100 metres is likely warranted as additional coal zones may be discovered at depth.

Hole numbers BD09-11, 14 - 17, and 19 which were previously reported as having no significant coal intercepts are being re-examined for possible extension drilling below a depth of 100 metres where new coal intercepts (BD09-34 and 40) in this area are showing exceptionally thick coal intervals (see attached map). Initially, holes BD09-11, 14-17 and 19 were drilled until they intersected limestone thought to underlay the coal zone, or to a maximum depth of 150 metres, whichever came first. The occurrence of one or more limestone (or re-sedimented limestone/dolomite) beds, may appear sporadically above the coal and previous holes may have stopped prematurely within this limestone unit(s) before reaching the coal zone. This theory will be drill-tested during the next few weeks.

very good news...let us wait for another 3-4 weeks , the lab result as well as the drilling ,if drill go deeper and hit, share can go much much higher..

bh