Gold Springs Resource News from Drilling Activities at White Point
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Gold Springs Resource
News from Drilling Activities at White Point
Vancouver, October 1, 2021
Gold Springs Resource Corp. (TSX: GRC, OTCQB: GRCAF) (the “ Company” or “GRC”) is
pleased to announce that it has now completed 9 holes on the White Point target as part
of the 27,300 meters, 2021 RC drilling program at its flagship Gold Springs project located
in USA, on the border of Nevada and Utah, one of the best mining jurisdictions in the
world.
Randall Moore, Vice President of Exploration stated “We are encouraged by what we see
from this first pass drill program at White Point , especially with the length of the vein
intervals ranging up to 126.5 meters in the drill holes. As the results generated from surface
sampling at White Point show a strong gold correlation with the veins , we are now looking
forward to the assay results in October.”
White Point Target
White Point is located in Nevada, 400 meters west of the Grey Eagle resource along the
same strong northwest trending ZTEM high resistivity measuring 800 meters wide and
2,000 meters long . The Grey Eagle resource occupies the southern portion and White
Point the northwest extension of this ZTEM anomaly.
White Point is characterized by an outcrop ping, gold bearing, sheeted vein zone
consisting of individual veins ranging from a few centimeters to over 5 meters in
thickness. This vein zone is over 200 meters wide and can be followed along strike for
400 meters with possible extensions under the younger post -mineral rocks. Several
historical mines exploited both the individual veins and sheeted vein zones and GRC
sampling has generated grades of up to 8.4 g/t gold from these historical workings and
13.9 g/t gold from individual veins.
The 9 holes were drilled to test the subsurface in the areas of vein exposures and some
of the projections under the younger cover. Of the 9 holes, 8 encountered significant vein
intervals with composited lengths ranging from 24.4 meters to 126.5 meters, averaging
67.4 meters. These same quartz-calcite veins are exposed on surface along with silicified
breccias, and extensive stockwork veining. The drill coverage test ed an area 250x250
meters which will be expanded once the assa ys are received in October and the
interpretation of the control of the gold mineralization is completed.
For more information , please visit: https://goldspringsresource.com/projects/target-
with-drilling/the-white-point-target/
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Gold Springs 2021 drill holes and resource locations
Qualified Person
The Qualified Person on the Gold Springs Project is Randall Moore, Executive Vice
President of Exploration for Gold Springs Resource Corp. He has reviewed and approved
the scientific and technical 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 in USA at the border of Nevada and Utah, one of the best mining
jurisdictions in the world.
Gold Springs Resource Corp. Contact:
Antonio Canton, President and CEO
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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. 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 d iffer 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, 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 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 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.