2022 Drilling Program
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Gold Springs Resource Corp.
2022 Drilling Program
January 21, 2022, Vancouver, British Columbia
Gold Springs Resource Corp. (TSX: GRC, OTCQB: GRCAF) (the “Company” or “GRC”), is pleased
to announce its 2022 plan to advance rapidly towards pre-feasibility its 8,000 ha Gold Springs
Project located in Nevada and Utah (USA).
The 2022 drilling program is designed:
1. To expand the 4 existing resources, especially at “North Jumbo” and “South Jumbo”.
2. To conduct follow up drilling on the 4 significant new discoveries at “Tremor”, “Charlie Ross”,
“White Point” and “Homestake”
3. To conduct new drilling on 5 targets at “Midnight”, “Pope”, “Red Light”, “Snow” and
“Horseshoe Extension”.
All of these targets are ready to drill with roads and drill pads constructed.
The Company’s 2022 plan will aim to expand its resources areas and the number of ounces with:
▪ 2 resource up-dates: in the 1st quarter with the 2021 drilling results and in the fourth quarter.
▪ 1 RC drill to expand the existing resources;
▪ 1 RC drill to follow up on the significant new discoveries and test new targets;
▪ 1 Core drill to test deeper portions of some 2021 discoveries and collect material from the
existing resources for metallurgical testing;
▪ expanded CSAMT geophysical surveys;
▪ baseline studies completed to advance the mine permitting process.
Antonio Canton , President and CEO , stated “ Our 2022 plan demonstrate s our commitment to
rapidly advance Gold Springs, as we believe it has a huge potential. In conjunction with the drilling,
we will move forward with the mine permitting process to further de-risk a future mining operation.
2021 has been an exciting year with significant new discoveries and now we are looking forward to
a successful 2022 drilling season to expand our existing resources and to add new ones.”
The RC drill program is expected to start in the first quarter, as soon as the weather conditions
allow, with the core drilling starting the following month. The CSAMT ground geophysical survey
should start in the 2nd quarter and will cover many of the targets without surveys. This will include
“White Point”, “Midnight”, “Homestake”, “Horseshoe Extension”, “Iris”, “Grey Eagle”, “Ridge, West
Ridge”, “Lost World”, and “Camp Bell”. This work will help define the limits of these targets which
are all partially covered by post-mineral material.
(For additional information about the “Tremor", “Charlie Ross”, “White Point” and “Homestake” discoveries, please refer
to GRC’s press releases dated December 3, 2021, October 19, 2021, December 17, 2021 and January 7, 2020 ,
respectively).
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Qualified Person
The Qualified Person on the Gold Springs Project is Randall Moore, Executive Vice President of
Exploration for Gold Springs Resource Corp. and he has reviewed and approved the content of
this press release.
About Gold Springs Resource Corp.
Gold Springs Resource Corp. (TSX: GRC and OTCQB: GRCAF) is focused on the exploration and
expansion of the gold and silver resources of its PEA -stage Gold Springs project located on the
border of Nevada and Utah, USA. The project is situated in the prolific Gre at Basin of Western
USA, one of the best mining jurisdictions in the world.
Gold Springs Resource Corp. Contact:
Antonio Canton, President and CEO
Forward Looking Statements
Certain statements contained herein, including, but not limited to, statements with respect to what
the Company plans to achieve under its 2022 plan for the Gold Springs Project, and its expectation
to provide two resource update during the firs t and fourth quarter of 2022 , constitute “forward-
looking information” under applicable Canadian securities laws (“forward -looking statements”).
Forward-looking statements look into the future and provide an opinion as to the effect of certain
events and trends on the business. Forward-looking statements may include words such as
“creating”, “believe”, “would”, “continue”, “will”, “promising”, “should”, and similar expressions. These
forward-looking statements are based on current expectations and entail various risks and
uncertainties. Actual results may materially differ from expectations if known and unknown risks or
uncertainties affect our business or if our estimates or assumptions prove inaccurate. Factors that
could cause results or events to differ materially from current expectations expressed or implied by
the forward -looking statements, include, but are not limited to, risks of the mineral exploration
industry which may affect the advancement of the Gold Springs Project, including possible variations
in mineral resources, g rade, recovery rates, metal prices, capital and operating costs, and the
application of taxes; availability of sufficient financing to fund planned or further required work in a
timely manner and on acceptable terms; availability of equipment and qualified personnel, failure of
equipment or processes to operate as anticipated, changes in project parameters, including water
requirements for operations, as plans continue to be refined; regulatory, environmental and other
risks of the mining industry more full y described in the Company’s Annual Information Form and
continuous disclosure documents, which are available on SEDAR at www.sedar.com. The
assumptions made in developing the forward -looking statements include: the accuracy of current
resource estimates and the interpretation of drill, metallurgical testing and other exploration results;
the continuing support for mining by local governments in Nevada and Utah; the availability of
equipment and qualified personnel to advance the Gold Springs Project; execution of the Company’s
existing plans and further exploration and development programs for Gold Springs, which may
change due to changes in the views of the Company or if new information arises which makes it
prudent to change such plans or programs.
Readers are cautioned not to place undue reliance on the forward -looking statements contained in
this press release. Except as required by law, the Company assumes no obligation to update or
revise any forward-looking statement, whether as a result of new info rmation, future events or any
other reason. Unless otherwise indicated, forward-looking statements in this press release describe
the Company’s expectations as of the date hereof.