Vancouver, British Columbia--(Newsfile Corp. - January 30, 2015) - Goldseek's Vanessa Collette interviews Yannis Tsitos, President of Goldsource Mines (TSXV: GXS) (FSE: G5M).

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Goldsource has recently completed as of Dec 31st 2014, a financing which raised $7.1 Million. Proceeds from the private placement will be used to fund all development and capital costs for Phase I mine and processing plant construction for the Company's Eagle Mountain Gold Project.

Based on the Company's Preliminary Economic Assessment Technical Report ("PEA") dated September 12, 2014 and filed September 16, 2014 on SEDAR at www.sedar.com, the Phase I development consists of a 1,000 tonnes per day open pit - gravity plant for an 8 year mine life with estimated preproduction capital costs of US$5.9 million and cash operating costs of $480 per ounce of gold.

"This financing will provide Goldsource with sufficient funds to complete the Phase I mine development and place the Eagle Mountain Gold Project into production. Sustaining capital and future expansions are intended to be paid for through operating cash flow. The project has additional development phases outlined in the PEA to increase production once initial success in Phase I is achieved," said Yannis Tsitos, President. "We are very excited at the prospect of Goldsource becoming a low cost producing gold company in 2015."

Goldsource is trading at $0.195 and with 123.8 million shares outstanding, the company is capitalized at $24.1 million.

For more information please visit the company's website www.goldsourcemines.com, or contact Fred Cooper at 1-866-691-1760 or email info@goldsourcemines.com.

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