Gold Springs Resource Increases its 2021 Drilling Program to 13,300 meters
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Gold Springs Resource
Increases its 2021 Drilling Program to 13,300 meters
July 15, 2021, Vancouver, British Columbia — Gold Springs Resource Corp.
(TSX: GRC, OTCQB: GRCAF) (the “Company” or “GRC”) is pleased to announce that it
has increased its 2021 drilling program to 13,300 meters at the Gold Springs project
located on the border of Nevada and Utah, USA, in the prolific Great Basin of Western
USA, one of the best mining jurisdictions in the world , both from a political and
environmental point of view.
Antonio Canton, President and CEO, stated “We are very excited to expand our
program to include drilling on the promising White Point target, as well as to follow
up our successful drilling earlier in the year at the South Jumbo resource, especially our
high grade intercept of 5.30 g/t gold over 19.8-meters in the drill hole E-21-012. We are
currently drilling our first pass test at the Charlie Ross target prior to moving to White
Point in August 2021”.
White Point Target
White Point is located just 400 meters west of the Grey Eagle resource and is
characterized by a +200 meter s wide zone of sheeted gold-bearing veins.
Historic workings at White Point reveal very high -grade gold veins which have returned
values of over 18 g/t Au and historic mines where very high-grade veins were exploited in
the early 1900s.
This initial drilling program will be a first pass test and start in August 2021 . Any
successes from this program will be followed by a second pass drill program to further
identify the extent of mineralization as well as to conduct infill drilling to provide critical
information on the continuity of the system .
Randall Moore, Executive Vice President of Exploration, stated : “We are
excited to be drilling White Point as we believe this target has significant potential given
the high grades identified in some of the veins and the dimensions of the exposed
system”.
For more information on White Point target, please visit:
https://goldspringsresource.com/projects/the -white-point-target/
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Qualified Person
Randall Moore, Executive Vice-President Exploration, Gold Springs Resource Corp., is
the Company's designated Qualified Person within the meaning of National Instrument
43-101 Standards of Disclosure for Mineral Projects ("NI 43 -101") and he has reviewed
and approved the scientific and technical information contained in this news 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 Gold Springs project
located on the border of Nevada and Utah, USA. The project is situated in the prolific
Great 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 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. Forward-looking statements in this news release include , without
limitation, the potential of the White Point. 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 t he
mineral exploration industry which may affect the advancement of the Gold Springs
project, including possible variations in mineral resources, grade, 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 fully 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
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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 pres s 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 information, 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.