Gold Springs Resource (GRC-T) Drilling Program
Jan 21, '22 - NR
Gold Springs Resource 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:
To expand the 4 existing resources, especially at “North Jumbo” and “South Jumbo”.
To conduct follow up drilling on the 4 significant new discoveries at “Tremor”, “Charlie Ross”, “White Point” and “Homestake”.
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 demonstrates 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).
| | 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 Great Basin of Western USA, one of the best mining jurisdictions in the world.
Gold Springs Resource Corp. Contact:
Antonio Canton, President and CEO
acanton@goldspringsresource.com
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