TriMetals Mining Inc. Changes Name to Gold Springs Resource Corp. and Common Shares to Start Trading on the TSX Under New Name and New Symbol “GRC”; Drilling Update
TriMetals Mining Inc. Changes Name to Gold Springs Resource
Corp. and Common Shares to Start Trading on the TSX Under
New Name and New Symbol “GRC”; Drilling Update
Vancouver, British Columbia – November 4, 2019
Gold Springs Resource Corp. (formerly, TriMetals Mining Inc. (TSX: TMI, US
OTCQB: TMIAF)) (the “Company”) is pleased to announce that effective Tuesday, November 5th,
2019, the Company’s common shares will be trading on the TSX under the Company’s new
name, Gold Springs Resource Corp., and its new trading symbol “GRC”.
As previously announced (see News Release of October 10th, 2019), the Company believes that
the new name of the Company more accurately reflects the Company's focus on the exploration
and development of the gold resources at the Gold Springs project in Nevada and Utah, USA.
The Company is to be assigned a new trading symbol for its common shares on the US OTCQB
and the Company will announce the new US symbol once is known.
Effective immediately, the Company’s former website, www.trimetalsmining.com, will redirect
visitors to the Company’s new webpage www.goldspringsresource.com.
Gold Springs Drilling Update
The Company is pleased to announce that the initial drill program at the Homestake target has
been completed. A total of 14 holes for 1,856 metres were drilled, testing 600 metres of strike
length on the Homestake system. Holes were designed to test the down-dip extension of the two
parallel Homestake veins and the brecciated material between the veins exposed on surface. In
addition, one hole was drilled to the west testing for mineralization in the hanging wall of the
Iris vein which dips east and projects to intersect the west dipping Homestake veins. The holes
were sampled on 1.5-metre intervals and all of the drill samples, standards and blanks have now
been submitted to the laboratory for analyses. Results are expected in December and January.
The Homestake target is located on the Nevada side of the Gold Springs project, next to the Iris
target, 700 meters east of the Grey Eagle resource, and is adjoined to the north by Newmont
Goldcorp Corporation’s mining claims. You can find more information about the Homestake
drill program in the Company’s press release dated September 19, 2019:
https://www.trimetalsmining.com/investors/news/2019/placeholder/.
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About Gold Springs Resource Corp. (formerly, TriMetals Mining Inc.)
Gold Springs Resource Corp. (formerly, TriMetals Mining Inc. (TSX: TMI and OTCQB: TMIAF))
is a growth-focused gold exploration company creating value through the exploration and
development of the Gold Springs project in Nevada and Utah, U.S.A. Management has
extensive experience in global exploration and the mining industry.
Gold Springs Resource Corp. Contact:
Matias Herrero
Chief Executive Officer
Qualified Person
The Qualified Person on the Gold Springs property is Randall Moore, Executive Vice President
of Exploration of Gold Springs Resource Corp. and he has reviewed and approved the content of
this press release.
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 “shall”, “will”,
“expected” “intends” “going to be” 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 more fully described in the
Company’s Annual Information Form and continuous disclosure documents, which are
available on SEDAR at www.sedar.com.
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.