New Risk • May 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.2m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 2.2% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$22.6m market cap, or US$16.7m). Aankondiging • Apr 14
Gold Springs Resource Corp., Annual General Meeting, Jun 15, 2026 Gold Springs Resource Corp., Annual General Meeting, Jun 15, 2026. New Risk • Mar 31
New major risk - Revenue and earnings growth Earnings have declined by 2.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.2m free cash flow). Earnings have declined by 2.2% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (CA$25.5m market cap, or US$18.3m). New Risk • Jan 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.2m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (CA$24.1m market cap, or US$17.3m). Aankondiging • Apr 21
Gold Springs Resource Corp., Annual General Meeting, Jun 16, 2025 Gold Springs Resource Corp., Annual General Meeting, Jun 16, 2025. New Risk • Feb 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$823k free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$17.0m market cap, or US$11.9m). New Risk • Dec 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$823k free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.6m market cap, or US$10.8m). Recent Insider Transactions Derivative • Jun 19
President exercised options to buy CA$91k worth of stock. On the 12th of June, Antonio Canton exercised options to buy 1m shares at a strike price of around CA$0.093, costing a total of CA$121k. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. Since June 2023, Antonio's direct individual holding has increased from 38.83m shares to 43.70m. Company insiders have collectively bought CA$149k more than they sold, via options and on-market transactions, in the last 12 months. Aankondiging • Apr 19
Gold Springs Resource Corp., Annual General Meeting, Jun 17, 2024 Gold Springs Resource Corp., Annual General Meeting, Jun 17, 2024. New Risk • Jan 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.0m free cash flow). Less than 1 year of cash runway based on free cash flow trend (-US$2.0m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (7.5% increase in shares outstanding). Shareholders have been diluted in the past year (7.5% increase in shares outstanding). Market cap is less than US$100m (CA$19.7m market cap, or US$14.6m). Market cap is less than US$100m (CA$19.7m market cap, or US$14.6m). New Risk • Nov 12
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.0m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (7.5% increase in shares outstanding). Market cap is less than US$100m (CA$25.3m market cap, or US$18.4m). Aankondiging • Nov 01
Gold Springs Resource Corp. Continues to Expand the Charlie Ross Deposit Gold Springs Resource Corp. continues to report positive drilling results from the Charlie Ross Resource area of its large Gold Springs project located in USA, on the border of Nevada and Utah. The discovery hole at Charlie Ross was drilled in 2021, and after only 22 holes, GRC was able to identify a new resource which was reported in its latest resource estimate. Gold is controlled by north-south trending structural corridors with three parallel zones: Western, Central and Eastern, each hosting a portion of the current resource, and each expanded by these significant gold mineralization results. These three structural zones host the historic Charlie Ross mine that was a producer at the beginning of the 20th century, with one shaft, 400 meters of drifts, and several stopes. Several other tunnels and shafts explored the Western resource area which is an extension of the historic Little Buck Mine. Reports described the historic Charlie Ross mine as a 53 meter inclined shaft with a 12 meter talc zone containing very high-grade gold telluride and sylvanite streak with bonanza gold grades. Visible gold was found in rocks from the dump of the historic mine. Aankondiging • Oct 26
Gold Springs Resource Corp. Continues to Expand the South Jumbo Deposit Gold Springs Resource Corp. reported positive assay results from the South Jumbo Resource area of its Gold Springs project located in the USA, on the border of Nevada and Utah. The South Jumbo resource extends over 1,000 meters along strike based on drilling up to 2021 and is located at the southern end of the +5 kilometer-long Jumbo Trend which is defined by a very strong and well-developed CSAMT high resistivity anomaly.The drill holes E-22-020 through E-22-024 extend this gold-bearing system 200 meters to the north and include the higher-grade material of 1.05 g/t gold equivalent over 4.6 meters and 0.74 g/t gold equivalent over 26 meters in hole E-22-020 and 1.1 g/t gold equivalent over 6.1 meters found in hole E-22-022. Aankondiging • Oct 17
Gold Springs Resource Corp. Reports New Assay Results Confirming A Significant 425 Meters Higher-Grade Southward Extension of the North Jumbo Deposit At Its Large Gold Springs Project Located in USA Gold Springs Resource Corp. reported new assay results confirming a significant 425 meters higher-grade southward extension of the North Jumbo deposit at its large Gold Springs project located in USA, on the border of Nevada and Utah. Highlights include: 0.84 g/t gold equivalent over 9.2 meters and, 0.89 g/t gold equivalent over 9.2 meters and, 0.81 g/t gold equivalent over 9.1 meters and, 2.45 g/t gold equivalent over 22.9 meters including, 3.98 g/t gold equivalent over 12.2 meters in hole J-22-020, 1.36 g/t gold equivalent over 4.6 meters and, 1.03 g/t gold equivalent over 3.0 meters in hole J-22-019. The North Jumbo Resource is located on the Utah side of the Gold Springs project at the northern end of the +5-kilometer-long Jumbo Trend which is defined by a very strong and well-developed CSAMT high resistivity anomaly. The North Jumbo Resource based on drilling up to 2021 extends over a north-south strike length of 1,800 meters. The drill holes J-22-004, J-22-005 and J-22-020 extend the deposit in a higher-grade gold system 425 metersto the south. The North Jumbo deposit remains open to the north and to the southwest. Future drilling will focus on continuing to expand the gold mineralization of the North Jumbo Resource to the south and to the north, where a new gold system the company considers an Intrusive-Related Gold System (IRGS) was discovered in 2021 with the hole J-21-015 which intersected 1.0 g/t gold equivalent over 163.1 meters. Aankondiging • Oct 07
Gold Springs Resource Corp. Reports Assay Results from the Charlie Ross Resource Area of its Gold Springs Project Located in USA, on the Border of Nevada and Utah Gold Springs Resource Corp. reported assay results from the Charlie Ross Resource area of its Gold Springs project located in USA, on the border of Nevada and Utah. Highlights include: 3.10 g/t gold equivalent over 12.2 meters including 7.74 g/t gold equivalent over 4.6 meters and 1.08 g/t gold equivalent over 3.0 meters and 0.84 g/t gold equivalent over 6.1 meters in hole CR-22-014; 2.64 g/t gold equivalent over12.2 meters including. 9.49 g/t gold equivalent over3.0 meters and 0.72 g/t gold equivalent over6.1 meters in hole CR -22-010; 2.33 g/t gold equivalent over six.1 meters and 1.02 g/t gold equivalent over 3.0 meters in hole CR-22 -008; 1.60 g/t gold equivalent over 3.1 meters in hole CR-22-015: 1.31 g/t gold equivalent over 10.6 meters and 0.61 g/t gold equivalent over 6.1 meters in hole CR-22-009. Gold equivalent based on US$1,800/oz gold, US$25/oz silver and 50% for silver recovery. In the Eastern zone, hole CR-22-009 returning 1.31 g/t AuEq over 10.6 meters is of particular importance as it is the first to test the northern extension of thehistoric Charlie Ross mine and indicates that significant grades exist in this area which remains wide open to the north. In the Western zone, holes CR-22-014 and CR-22-010 returned significant grades of 3.10 g/t AuEq over 12.2 meters and 2.64 g/t AuEq over 12.2 meters, respectively. The discovery hole at Charlie Ross was drilled in 2021 and after only 22 holes, GRC was able to identify a new resource that was reported in the Mineral Resource Estimate NI 43-101 Technical Report - Gold Springs Project, Utah-Nevada, USA dated July 11, 2022 with an effective date of June 13, 2022 (the "Technical Report"). Since the resource calculation, nineteen additional holes were drilled. Results for seven holes were reported in GRC's press release dated September 28, 2022. Assays results reported demonstrate GRC's ability to expand gold mineralization in all three zones of the Charlie Ross resource and to provide higher-grade intercepts than previously seen. The Charlie Ross target is highlighted by a significant CSAMT geophysical anomaly that extends over an area 1100x600 meters on the edge of the Gold Springs caldera complex. Gold is controlled by north-south trending structural corridors with three parallel zones, Western, Central and Eastern, each hosting a portion of the current resource, and each expanded by these significant gold mineralization results. These three structural zones host the historic Charlie Ross mine that was a producer at the beginning of the 20th century, with one shaft, 400 meters of drifts, and several stopes. Several other tunnels and shafts exploited the Western resource area which is an extension of the historic Little Buck Mine. Historical reports describe Charlie Ross as a 53 meters inclined shaft with a 12 meters talc zone containing very high-grade gold telluride and sylvanite streaks with bonanza gold grades.Visible gold was found in rocks from the dump of this historic mine. New Risk • Sep 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Market cap is less than US$100m (CA$23.9m market cap, or US$17.7m). Aankondiging • Sep 20
Gold Springs Resource Corp. announced that it has received CAD 2 million in funding Gold Springs Resource Corp. announced a non-brokered private placement of 20,000,000 common shares of the company at a price of CAD 0.10 per share with no commissions paid or warrants issued for the gross proceeds of CAD 2,000,000 on September 18, 2023. The shares issued will be subject to a four month hold period from the closing date. The transaction included participation from the president, CEO and director of the company for CAD 453,840. Aankondiging • Aug 11
Gold Springs Resource Corp. Announces Board Changes Gold Springs Resource Corp. regretfully announced the unexpected passing of board and Audit Committee member, Horst Daspersgruber on July 27, 2023. Mr. Antonio Canton, director and President and CEO of the Company, has been appointed as a member of the Audit Committee in Mr. Daspersgruber place in order to meet regulatory requirements. The Company is not otherwise filling the vacancy created by Mr. Daspersgruber’s passing at this time. New Risk • Aug 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.2m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$26.1m market cap, or US$19.6m). Aankondiging • Sep 29
Gold Springs Resource Continues to Expand Gold Mineralization at the Charlie Ross Resource Gold Springs Resource Corp. reported the first assays results from the 2022 drill program around the Charlie Ross Resource of its Gold Springs project located in USA, on the border of Nevada and Utah. Highlights include: 1.20 g/t gold equivalent over 10.7 meters and 0.70 g/t gold equivalent over 13.7 meters in hole CR-22-001; 0.77 g/t gold equivalent over 4.6 meters and 0.78 g/t gold equivalent over 3.0 meters in hole CR-22-002; and 2.09 g/t gold equivalent over 3.0 meters and 0.96 g/t gold equivalent over 9.2 meters in hole CR-22-003. Gold equivalent based on $1,800/oz gold, $25/oz silver and 50% for silver recovery. 2022 Drilling Program: The company has now completed 69 holes totaling 14,942meters of the planned 21,000-meter program. Drilling has targeted the North and South Jumbo resources, the Charlie Ross resource, as well as the Red Light, Snow, and the Horseshoe Extension targets. The company is currently drilling on the southern extension of the North Jumbo resource and on the undrilled Horseshoe Extension target. Starting early next month, one of the drills will move back to the Snow target to follow up on this new 2022 discovery. Charlie Ross: The discovery hole at Charlie Ross was drilled in 2021 and after 22 holes successfully completed, GRC was able to identify a new resource that was reported in the new Mineral Resource Estimate NI 43-101 Technical Report dated July 11, 2022. This target is highlighted by a significant CSAMT geophysical anomaly that extends over an area 1100x600 meters and is located just west of the North Jennie target on the edge of the Gold Springs caldera complex. Gold is controlled by north-south trending structural corridors with three possible parallel zones. The Charlie Ross resource is part of a structural zone of the historical Charlie Ross mine that was a producer at the beginning of the 20th century, with one shaft and 400 meters of drifts and stopes. Visible gold was found in rocks from the dump of this historic mine. Historical reports describe a 53 meters inclined shaft with a 12 meters talc zone containing very high grade gold telluride and sylvanite streaks with bonanza gold grades. Recent Insider Transactions Derivative • Sep 26
President exercised options to buy CA$545k worth of stock. On the 20th of September, Antonio Canton exercised options to buy 4m shares at a strike price of around CA$0.14, costing a total of CA$502k. This transaction amounted to 10% of their direct individual holding at the time of the trade. Since December 2021, Antonio's direct individual holding has increased from 34.27m shares to 35.19m. Company insiders have collectively bought CA$832k more than they sold, via options and on-market transactions, in the last 12 months. Aankondiging • Sep 23
Gold Springs Resource Corp. Announces New Gold Discovery at the Snow Target in USA Gold Springs Resource Corp. announced a new 2022 discovery on the Snow target of its large Gold Springs project located in USA, on the border of Nevada and Utah. Highlights include: 1.98 g/t gold equivalent over 3.0 meters and 0.70 g/t gold equivalent over 27.4 meters in hole SN-22-002. Gold equivalent based on USD 1,800/oz gold, USD 25/oz silver and 50% for silver recovery. 2022 Drilling Program: The Company has now completed 65 holes totaling 13,810 meters of the planned 21,000-meter program. Drilling has targeted the North and South Jumbo resources, the Charlie Ross resource, the Red Light and the Snow targets. GRC is now starting to drill the first-ever holes on the Horseshoe Extension target located between two of the three larger historic producing mines in the district (the Horseshoe and the Homestake mines). The Snow Target: The Snow target is located on the Utah side of the nearly 8000 ha Gold Springs project and is controlled by a parallel structural zone to the Jumbo Trend. Historical workings are located on the southern end of the 3km long north-south Snow fault. They consist of one mine shaft and several slot cuts that focused on the structural zone, quartz-calcite veins, breccias and stockwork veining and have produced sample results from vein exposures as high as 3.7 g/t gold. The Snow target is very similar to the Jumbo Trend in that two parallel structures, the Snow to the east and the Fitch to the west, create the structural preparation needed to develop areas of gold mineralization. Aankondiging • Sep 20
Gold Springs Resource Corp. Receives Assays from the First 2022 Drill Holes At North Jumbo Gold Springs Resource Corp. has received assays from the first 2022 drill holes at North Jumbo confirming the possibility for a significant southward extension of the North Jumbo Resource within the Gold Springs project located in USA, on the border of Nevada and Utah. Highlights include: 1.20 g/t gold equivalent over 9.1 meters and 0.67 g/t gold equivalent over 36.6 meters and 1.18 g/t gold equivalent over 6.1 meters in hole J-22-001; 0.57 g/t gold equivalent over 41.2 meters and 1.88 g/t gold equivalent over 6.1 meters in hole J-22-004; 1.87 g/t gold equivalent over 29.0 meters including 3.73 g/t gold equivalent over 9.2 meters in hole J-22-005; 0.94 g/t gold equivalent over 9.2 meters in hole J-22-006 0.56 g/t gold equivalent over 7.7 meters and 1.14 g/t gold equivalent over 3.1 meters in hole J-22-007; 0.52 g/t gold equivalent over 19.8 meters and 1.31 g/t gold equivalent over 7.6 meters in hole J-22-008. Gold equivalent based on USD 1,800/oz gold, USD 25/oz silver and 50% for silver recovery. Aankondiging • Aug 13
Gold Springs Resource Corp. Receives Assays from the Final Drill Holes At South Jumbo Resource in Border of Nevada and Utah Gold Springs Resource Corp. has received assays from the final drill holes at South Jumbo as part of the 2022 drill campaign on its large Gold Springs project located in USA, on the border of Nevada and Utah, one of the best mining jurisdictions in the world. Highlights include: 0.83 g/t gold equivalent over 18.3 meters including 1.89 g/t gold equivalent over 6.1 meters in hole E-22-015; 0.75 g/t gold equivalent over 6.1 meters in hole E-22-017; 0.53 g/t gold equivalent over 13.8 meters and 0.96 g/t gold equivalent over 6.1 meters in hole E-22-018; 1.05 g/t gold equivalent over 4.6 meters and 0.74 g/t gold equivalent over 26.0 meters in hole E-22-020. Gold equivalent based on USD 1,800/oz gold, USD 25/oz silver and 50% for silver recovery. GRC has now demonstrated the extension of gold mineralization in three different directions and also at depth. To the North the extension is significant as the hole E-22-020 with 1.05 g/t AuEq over 4.6 meters and 0.74 g/t AuEq over 26 meters is 80 meters north from the existing resource. Aankondiging • Jul 30
Gold Springs Resource Corp. Receives Drill Results from 8 Additional Holes of its 2022 Drilling Program Around the South Jumbo Resource at its Large Gold Springs Project Located in USA Gold Springs Resource Corp. has received drill results from 8 additional holes of its 2022 drilling program around the South Jumbo Resource at its large Gold Springs project located in USA, on the border of Nevada and Utah. Highlights include: 0.59 g/t gold equivalent over 18.3 meters and 0.61 g/t gold equivalent over 9.1 meters in hole E-22-007, 1.37 g/t gold equivalent over 4.6 meters in hole E-22-009, 0.72 g/t gold equivalent over 27.4 meters including, 2.47 g/t gold equivalent over 4.6 meters and 0.66 g/t gold equivalent over 6.1 meters and 0.59 g/t gold equivalent over 18.3 meters in hole E-22-012, 0.79 g/t gold equivalent over 19.9 meters in hole E-22-014. Gold equivalent based on USD 1,800/oz gold, USD 25/oz silver and 50% for silver recovery. The 2022 drilling program is progressing well as the Company completed 2 first holes in the untested Snow target, 13 new holes around the North Jumbo resource and 9 holes looking to expand the Charlie Ross resource discovered by the 2021 drilling program. The diamond Core Drill is now onsite, and the Company has just completed the first hole on the Tremor target discovered in 2021 and now part of the North Jumbo resource. The CSAMT ground based geophysical survey is well underway to cover most of the 33 identified targets and will help direct future drilling and identify potential new areas of gold mineralization under shallow post-mineral materials. GRC has now completed 44 holes for a total of 9,317 meters of the planned 20,100 meters RC drilling program. Assays have been received for the first 14 holes, all from the South Jumbo resource area. The Gold Springs project encompasses nearly 8,000 ha within the Great Basin of Nevada and Utah. Thus far 6 resources have been developed on outcropping low sulfidation epithermal gold systems which are mostly oxidized, and 33 targets have been already identified on approximately 40% of the property. The 2022 drilling program was designed to expand the 6 existing resources and to test several new targets including the Snow, Midnight, and the Horseshoe Extension. During the 2021 drill campaign GRC made 3 new discoveries, all of which became new resources or merged with existing ones as reported in the last resource update issued July 11, 2022. Aankondiging • Jun 21
Gold Springs Resource Corp. Elects Laurent Arnoux as Director Gold Springs Resource Corp. announced that at its Annual Meeting, approved the election of Laurent Arnoux as Director. Mr. Arnoux is Independent Consultant and/or Director for international investment companies & Hedge Funds. Aankondiging • Jun 14
Gold Springs Resource Corp. Releases A Significant Updated Mineral Resource Estimate for its Gold Springs Project Gold Springs Resource Corp. released a significant updated mineral resource estimate for its Gold Springs Project, taking into consideration all the 2021 drilling results at North and South Jumbo, Tremor, Charlie Ross, and White Point. Only by visiting the area, one can realize the magnitude of its project, which covers approximately 8,000 ha and includes not 1 or 2 targets, but 33 high-potential gold targets, 6 of which already host a resource estimate of 1,005,003 M&I oz and 144,379 inferred oz of gold equivalent open to expansion and covering only 15% of the property. As the resources are near the surface, they could be mined by shallow open pit and a technically simple heap-leach operation. The size of the Gold Springs Project, the important number of gold targets, the technical data available so far, the water rights, and its location in one of the best mining jurisdictions in the world, are strong indicators that GRC has a large gold project with a significant growth potential. The inferred resource is in addition to the measured and indicated resource. Numbers have been rounded, which may lead to some numbers not adding up exactly. Gold Equivalent calculation uses a gold/silver price ratio of 72 ($1,800/$25). Mineral resources that are not mineral reserves do not have demonstrated economic viability. The resource estimate reflects gross metal content that is not adjusted for metallurgical recoveries. The new mineral resource estimate is an update from the 2020 mineral resource estimate to mainly incorporate the drilling information of the 2021 drill program conducted at the South and North Jumbo, Tremor, Charlie Ross and White Point deposits. Aankondiging • Jun 07
Gold Springs Resource Corp. Receives First Assays from 2022 Drill Program at South Jumbo Gold Springs Resource Corp. has received drill results from the first 6 holes of the 2022 drilling program around the South Jumbo resource of its large Gold Springs project located in USA, on the border of Nevada and Utah, one of the best mining jurisdictions in the world. Highlights include: 1.08 g/t gold equivalent over 15.3 meters and 0.74 g/t gold equivalent over 15.3 meters in hole E-22-001. 1.46 g/t gold equivalent over 9.2 meters and 0.95 g/t gold equivalent over 9.2 meters in hole E-22-002. 1.36 g/t gold equivalent over 27.4 meters and 1.38 g/t gold equivalent over 6.1 meters in hole E-22-003. 0.68 g/t gold equivalent over 12.6 meters and 0.74 g/t gold equivalent over 13.7 meters in hole E-22-004. Gold equivalent based on $1,800/oz gold and $25/oz silver. GRC has now completed 14 holes for a total of 2,828 meters of the planned 20,100 meters RC drilling program. Assays have been received for the first 6 holes from the South Jumbo resource area, which were designed to expand the resource at depth and along strike. An additional 3 holes will be completed at South Jumbo before the drill moves to the Snow target for 2 holes, followed by the Charlie Ross target which was a new discovery in 2021. Aankondiging • Apr 27
Gold Springs Resource Corp. Completes First 6 Holes of the 2022 Drilling Program Around the South Jumbo Resource on its Large Gold Springs Project Located in USA Gold Springs Resource Corp. has completed the first 6 holes of the 2022 drilling program around the South Jumbo resource on its large Gold Springs project located in USA, on the border of Nevada and Utah, one of the best mining jurisdictions in the world. Exploration update: The resource update based on the 2021 drilling is expected by the end of May 2022. A second RC drill will arrive in early June and will be deployed at White Point and Homestake, two of the new discoveries located on the Nevada portion of the project. The ground based CSAMT geophysical survey covering most of 33 targets is scheduled to start in early July. Aankondiging • Apr 13
Gold Springs Resource Corp., Annual General Meeting, Jun 16, 2022 Gold Springs Resource Corp., Annual General Meeting, Jun 16, 2022. Aankondiging • Apr 02
Gold Springs Resource Corp., Annual General Meeting, Jun 10, 2022 Gold Springs Resource Corp., Annual General Meeting, Jun 10, 2022. Aankondiging • Mar 10
Gold Springs Resource Corp. Starts Drilling Program at Charlie Ross in March 2022 Gold Springs Resource Corp. provided detailed information about its 2022 drilling plans at the Charlie Ross target, one of the three 2021 significant discoveries within the large 8000 ha Gold Springs Project located in USA (Nevada-Utah). Charlie Ross is located 2.6 kilometers west of the North Jumbo resource on the Nevada. Portion of the project, which features gold intervals over significant widths:- 1.17 g/t gold equivalent over 45.7 meters, which includes, 2.56 g/t gold equivalent over 15.2 meters in hole CR-21-005, 1.26 g/t gold equivalent over 15.3 meters, which includes, 2.24 g/t gold equivalent over 9.2 meters in hole CR-21-008, 2.10 g/t gold equivalent over 16.7 meters and 1.68 g/t gold equivalent over 13.7 meters and 2.32 g/t gold equivalent over 10.7 meters in hole CR-21-017, 2.03 g/t gold equivalent over 9.2 meters in hole CR-21-019, 1.75 g/t gold equivalent over 15.2 meters and 2.56 g/t gold equivalent over 10.6 meters in hole CR-21-022. Three gold zones have been identified at Charlie Ross: the Western, Central, and Eastern zones. The company conducted in 2021 the most drilling in the Western zone which is the best defined of the three zones. Gold mineralization is controlled by north-south trending structural zones, the associated surrounding stockwork veins and brecciation areas. Gold is hosted in veins, stockwork veins and breccias often with grades over 1 g/t gold. The Western zone was traced over 400 meters by the 2021 drilling and remains open to the north and up and down deep. The Central and Eastern zones have seen limited The 2022 drilling program at Charlie Ross plans to continue following the Western zone along strike and develop strike extensions to the Central and Eastern zones. These areas will be drilled early in the 2022 program which is now scheduled to start the last week of March 2022. Aankondiging • Feb 17
Gold Springs Resource Corp. Announces Last Assay Results from its 2021 Drill Program and That They Confirm the Expansion of the Gold Mineralization at Charlie Ross, Located on the Nevada Portion of USA Gold Springs Project Gold Springs Resource Corp. announced the last assay results from its 2021 drill program and that they confirm the expansion of the gold mineralization at Charlie Ross, located on the Nevada portion of its USA Gold Springs project. Charlie Ross Target - Charlie Ross is located 2.6 kilometers west of the North Jumbo resource. Gold mineralization is controlled by several major north-south trending veins which are surrounded by zones of brecciation and stockwork vein development, all of which can host gold mineralization. The southern half of the system is exposed on surface with several historical workings having exploited high-grade portions of the veins. To the north, the system is obscured by younger post mineral rocks. GRC has now followed the system under that post mineral cover where it remains open to extension. One hundred meters to the north, the Charlie Ross system intersects the high-grade veins and structures of the Pope target. This intersection will be drill tested in the upcoming program. Tremor Target GRC has received the results from the remaining holes on the Tremor target which represents the intrusive hosted portion of the northern extension of the North Jumbo resource. These holes did not intersect significant gold values within the intrusive. Hole J-21-024 did intersect the vein system above the intrusive, returning 2.9 g/t gold equivalent over 7.7 meters. The Company has started to model the Tremor portion of the North Jumbo system and believes the strong gold intercepts of 6.87 g/t gold equivalent over 24.4 meters from hole J-21-006 (press release September 7, 2021) and 1.0 g/t gold equivalent over 163.1 meters in hole J-21-015 were drilled along the margins of the intrusive in areas where faults bisect the intrusive body. Drilling in 2022 will test and trace this system to the south under the current North Jumbo resource. 2022 Drilling Program: The 2022 drill program is expected to start in March and will include 20,100 meters of RC drilling and 2,000 meters of core drilling. The focus and goal of the program will be to extend the current resources along the Jumbo trend and to follow up on the four new discoveries at Tremor, Charlie Ross, White Point, and Homestake. Five new targets will also be tested at Midnight, the Horseshoe Extension, Pope, Snow, and Red Light. Core drilling will test deeper portions of the system and be used to collect material for metallurgical testing. In addition, an expanded ground based CSAMT geophysical survey will cover most of the targets not covered in previous surveys to help with drill hole targeting. Baseline studies will be completed to advance the mine permitting process. Aankondiging • Jan 24
Gold Springs Resource Corp. Announces 2022 Drilling Program Gold Springs Resource Corp. announced 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” and 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. 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. Aankondiging • Dec 19
Gold Springs Resource Corp. Announces Drill Results from the "White Point" Target Gold Springs Resource Corp. announce assay results that confirm the existence of a gold system at the "White Point" target, located on the Nevada portion of its USA Gold Springs project. 2021 ongoing drilling program: The Company's 2021 drilling program has now ended as the first major snowstorm has closed access to the site. The Company will now focus on completing the detailed logging of the 2021 drill holes, updating current models and developing new ones for the new discovery areas. Plans for 2022 include updating the resource in the first quarter and restarting the drilling program as soon as weather conditions permit, which is expected to be in late March 2022. White Point Target: "White Point" is located 400 meters west of the "Grey Eagle" resource area and is characterized by gold-bearing sheeted veins and breccias. The holes completed at "White Point" this year are expanding the knowledge of the controls for the gold mineralization in this structurally complex area. "White Point" is situated in an area along a caldera margin that has been impacted by radial and circular fracture systems associated with the caldera. These drill results, which trace gold mineralization for over 200 meters at "White Point", will assist in the development of a model to aid in the planning of future drill programs. Recent Insider Transactions • Sep 24
President recently bought CA$210k worth of stock On the 20th of September, Antonio Canton bought around 1m shares on-market at roughly CA$0.20 per share. This was the largest purchase by an insider in the last 3 months. Antonio has been a buyer over the last 12 months, purchasing a net total of CA$595k worth in shares. Recent Insider Transactions • Jul 24
President recently bought CA$103k worth of stock On the 19th of July, Antonio Canton bought around 583k shares on-market at roughly CA$0.18 per share. In the last 3 months, they made an even bigger purchase worth CA$107k. Antonio has been a buyer over the last 12 months, purchasing a net total of CA$279k worth in shares. Recent Insider Transactions • Jul 17
President recently bought CA$107k worth of stock On the 13th of July, Antonio Canton bought around 633k shares on-market at roughly CA$0.17 per share. This was the largest purchase by an insider in the last 3 months. Antonio has been a buyer over the last 12 months, purchasing a net total of CA$176k worth in shares. Aankondiging • Jul 16
Gold Springs Resource Corp. Increases its 2021 Drilling Program to 13,300 Meters At the Gold Springs Project Gold Springs Resource Corp. announced 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. White Point is located just 400 meters west of the Grey Eagle resource and is characterized by a +200 meters 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. Aankondiging • Jul 07
Gold Springs Resource Corp. Receives First Assays from 2021 Drill Program Gold Springs Resource Corp. has received the first assays results from its 2021 ongoing drill program 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. Highlights include: 5.30 g/t gold with 12.4 g/t silver over 19.8 meters in hole E-21-012 (South Jumbo); 1.58 g/t gold with 8.3 g/t silver over 9.1 meters in hole E-21-004 (South Jumbo); 2.10 g/t gold with 3.4 g/t silver over 3.1 meters in hole J-21-001 (North Jumbo); and 4.32 g/t gold with 10.3 g/t silver over 1.6 meters in hole J-21-001 (North Jumbo). Gold was seen in 9 of the 12 holes located in the South Jumbo resource area. These holes were designed to test for extensions of the resource to the south, within the gap zone and at depth. The Company has now completed 31 holes for a total of 6,020 meters of the budgeted 8,100- meters drill program. Assays have been received for the first 15 holes. The results disclosed in this news release are from the Juniper target (2 holes), North Jumbo (1 hole), and South Jumbo (12 holes). The drilling was designed to test for new areas of mineralization focusing on the ground based CSAMT geophysical survey and to expand upon the existing resources. The drill program is currently completing 2 additional holes at the Juniper target to test the strong geophysical response in this area. Once those holes are completed, the drill program will move to the historic Charlie Ross mine site and the Company will conduct the first ever drilling in this area. Recent geophysical work has shown that the Charlie Ross, Tin Can, Pope, and Red Light targets may be connected at depth and the Company expects that this first drilling will help to answer that question. Executive Departure • Jul 01
President & CEO Matias Herrero has left the company On the 30th of June, Matias Herrero's tenure as President & CEO of the company ended after 2.4 years in the role. As of March 2021, Matias still personally held only 91.50k shares (CA$9.6k worth at the time). Matias is the only executive to leave the company over the last 12 months. Under Matias' leadership, the company delivered a total shareholder return of 145%. Aankondiging • Jun 05
Gold Springs Resource Corp. Provides Update on its Ongoing 10,000 Metre Drilling Program At the Gold Springs Project Gold Springs Resource Corp. provided an update on its ongoing 10,000-metre drilling program at the Gold Springs project located in the Eastern Great Basin of Nevada and Utah, USA. GRC reports that it has now completed an additional 1,377 meters in 7 drill holes for a total completed thus far in the 2021 program of 3,931 meters in 22 holes. GRC previously reported the completion of the first 15 holes of the program. Of the 7 holes reported in this press release, 4 were completed in the South Jumbo resource area, bringing the total number of holes drilled during 2021 in this target area to 16, with the 3 other holes having been drilled within the Central Jumbo target area. The holes at South Jumbo were designed to test areas for expansion of the South Jumbo resource, while the holes at Central Jumbo were located to test a buried CSAMT geophysical anomaly in an area of post mineral cover which is centered on one of the major north-south striking structures seen at both the North and South Jumbo resource areas. All holes encountered silicification, sericite-clay alteration and micro-brecciation, which is the typical rock characterization in which mineralization is found at Gold Springs. Drilling has been primarily focused on extending the South Jumbo resource and is now moving to test the Central Jumbo target which will be followed by holes designed to test for the expansion of the North Jumbo resource. Hole E-21-013 was located 125 metres east of the known South Jumbo resource to further test for a parallel zone of gold mineralization as well as the depth extension of the resource. Holes E-21-014, E-21-015 and E-21-016 were all positioned to test for the down-dip and depth extension of gold mineralization intersected in previous holes. Holes SS-21-001, SS-21-002 and SS-21-003 were all located within the Central Jumbo target area and are the first holes to test the western margin of this target. All holes were spotted using the ground based CSAMT geophysical survey completed in 2020 which identified areas of high resistivity associated with the known mineralization. The holes all intersected thick zones of intense sericite-clay alteration with intermittent silicification which is characteristic of epithermal gold systems. Aankondiging • May 12
Antonio Canton acquired approximately 9% stake in Gold Springs Resource Corp. (TSX:GRC) for CAD 2.7 million. Antonio Canton acquired approximately 9% stake in Gold Springs Resource Corp. (TSX:GRC) for CAD 2.7 million on May 6, 2021. Canton acquired 24,854,288 Common Shares at a price of CAD 0.11 per share for a purchase price of CAD 0.27 million. The 24,854,288 shares represent 9.96% of the Company’s 249,448,164 currently issued and outstanding common shares. Prior to the Transactions, Canton owned and controlled 5,327,192 Common Shares and held stock options and warrants of the Company entitling him to acquire 5,600,000 Common Shares representing 4.28% of the issued and outstanding Common Shares on a partially diluted basis. After the Transactions, Canton owns and controls 30,181,480 Common Shares and stock options and warrants entitling him to acquire 5,600,000 Common Shares, representing 12.10%.
Antonio Canton completed the acquisition of approximately 9% stake in Gold Springs Resource Corp. (TSX:GRC) on May 6, 2021. Aankondiging • Apr 29
Gold Springs Resource Corp. Provides an Update on Drilling Program Underway at the Gold Springs Project Gold Springs Resource Corp. provided an update on the planned and continuing 10,000-metre drilling program underway at the Gold Springs project located in the Eastern Great Basin of Nevada and Utah, USA. GRC has drilled an additional 9 more holes totaling 1,269 meters for the current drill shift for a cumulative 2,522 meters in 15 holes so far in the 2021 program. GRC previously reported the completion of 6 holes. The 9 holes were all located around the South Jumbo resource area and were designed to
continue to expand that resource. Of the 9 holes, 3 could not reach the target depth due to poor drilling conditions, but all 9 holes encountered strong silicification, sericite alteration and micro-brecciation, which is the typical rock characterization in which mineralization is found at Gold Springs and similar to that seen within the South Jumbo resource. The Company will look to follow up the 3 holes with new holes intended to test the target depths in the future. Drilling is focused on extending the South Jumbo resource to the south, east and north, at depth, and filling the gap zone (an open area with a 250-metre gap in the resource-definition drilling where visible gold has been seen). Plans are to continue to test for the expansion of the South Jumbo resource prior to moving to the North Jumbo resource area. Aankondiging • Mar 09
Gold Springs Resource Corp. Announces Mobilized A Reverse-Circulation Drill and Has Started Drilling At Its Gold Springs Project Located in the Eastern Great Basin of Nevada and Utah Gold Springs Resource Corp. announced that it has mobilized a reverse-circulation drill and has started drilling at its flagship Gold Springs Project located in the Eastern Great Basin of Nevada and Utah. The planned 10,000-metre drill program will focus on the Jumbo Trend on the Utah side of the Project. The objective of the drill program is to expand the current resources at the North and South Jumbo targets and will include the first holes in the large Juniper target which was highlighted by the CSAMT geophysical survey and by the strong surface gold geochemistry completed in 2020. Juniper is located immediately northwest of the North Jumbo resource and is associated with the same controlling structures seen at both the North and South Jumbo resources. The drill program will test for gold mineralization in the north, west and southwest extensions of the North Jumbo resource and the north, south and down-dip extensions of the South Jumbo resources. Initial drilling at Juniper will focus on the strong high-resistivity CSAMT geophysical anomaly which has a signature similar to the North Jumbo resource located 400 metres to the southeast. Drill road and pad construction have been completed with 190 drill pads currently available for drilling within the Jumbo Trend. Aankondiging • Dec 23
Gold Springs Resource Announces Continued High-Grade Sample Results from Priority Targets At Flagship Project Gold Springs Resource Corp. reported high-grade rock chip sampling results from the West Pinyon target and provide an introduction to the buried North Jennie target. West Pinyon is located within the Company's Nevada portion of the claim block while North Jennie straddles the state line between Nevada and Utah. The West Pinyon target produced rock chip sampling results as high as 42.30 g/t Au and 131.0 g/t Ag from banded epithermal quartz vein material. The North Jennie target represents a significant CSAMT geophysical anomaly defined by the recently completed GRC survey. Only one hole has been drilled in the North Jennie target intersecting gold values as high as 4.6 g/t. The results from GRC's work program highlight the quality of these targets as they are readied for future drill programs. The West Pinyon target is located immediately west of the Pinyon target in the southwest corner of the Gold Springs property in Nevada. Like the Pinyon target, the West Pinyon target is interpreted to be a high-level expression of a caldera-margin-hosted, epithermal, gold system. The West Pinyon target is situated on the western edge of the Gold Springs Caldera and displays collapse features similar to other areas of the property, including the Grey Eagle resource. The area is largely covered with post-mineral colluvium, however windows through the cover expose discontinuous banded-bladed calcite-quartz vein zones and more expansive areas of hydrothermal brecciation. Mineralized float, dominantly in the forum of hydrothermal breccia, is found mixed with colluvium throughout much of the area suggesting that the post-mineral cover is thin. Vein zones are discontinuous and traceable for 10's of metres at surface. These banded quartz and quartz-calcite vein zones contain much of the mineralization found in sampling, grading up to 42.30 g/t Au and 131.0 g/t silver. Hydrothermal breccia zones in outcrop cover an area of about 800 x 400 metres with scattered showings throughout the 1.1 x 2.0 kilometre target area signifying a large area of hydrothermal fluid activity. The North Jennie extension lies along a +2 kilometre long north-south structural corridor identified through structural mapping, Lidar imaging, and the CSAMT geophysical survey. This structural zone hosts several targets including the Thor resource and the historic underground Jennie Mine on its southern end. North of the Thor resource the target is defined by a strong CSAMT high-resistivity signature which remains open to the north. Mineralization in this area is obscured by post-mineral flows and colluvium cover. Though the area is under post-mineral cover it is the strongest CSAMT resistivity anomaly identified by the GRC survey, both in width and resistivity strength. The North Jennie CSAMT anomaly has an overall width of nearly one kilometer at its widest and a strike length of over 2 kilometres. The anomaly has a similar shape to the North Jumbo resource and the Juniper target CSAMT anomaly to the east. North Jennie has the same structural setting as both the North and South Jumbo resource areas being bounded by two major structures on the east and west. One drill hole targeting the CSAMT anomaly was completed by Astral Mining Corporation in 2006. This hole demonstrated that gold mineralization is present along the northern projection of the Jennie vein system, with the bottom 9.2 metres of the hole averaging 1.04 g/t gold and 5.83 g/t silver. Permitting is underway for roads and drill pads over the North Jennie target to allow for a drill program in the near future. Aankondiging • Dec 10
Gold Springs Resource Provides Updates for Additional Targets on Flagship Project Gold Springs Resource Corp. reported on two additional target areas from the Gold Springs project. GRC continues to finalize field work on the targets thus far identified within the Gold Springs Project located in Nevada and Utah in the Eastern Great Basin. The latest targets are the Iris and Camp Bell located on the Nevada side of the project area. Both targets have produced high-grade gold samples from surface and offer potential for new discoveries in future drill programs. Iris: The Iris target is located 230 metres west of the Homestake target and 450 metres east of the Grey Eagle resource. Iris is a high-grade vein system thought to be connected to the Homestake veins at depth. The Iris vein is a calcite dominated, banded epithermal vein that trends north- south and is traceable on surface for a strike length of 400 metres. Together with the Homestake vein sets the system represents a classic epithermal vein target with potential for high-grade mineralization, particularly at the intersection of the Homestake and Iris veins projected to be 250 metres below surface. The Homestake system is represented by two parallel veins of banded and bladed quartz that dip shallowly to the west, while the Iris vein is a calcite-quartz banded vein dipping steeply to the east. Where these veins intersect there is potential high-grade mineralization. The Iris vein has produced very high-grade gold values from surface sampling returning numbers as high as 38 g/t gold. Trenching along the Iris vein continually returned values from 2.15 to 17.76 g/t Au along the 20-meter strike length of the vein exposed in trenches. Results from GRC sampling greater than 0.25 g/t Au are shown below. Aankondiging • Oct 29
Gold Springs Resource Corp. Provides Updates on Additional Target Areas from the Gold Springs Project Gold Springs Resource Corp. reported on two additional target areas from the Gold Springs project. GRC has had an ongoing program to complete the initial mapping and detailed sampling of the 32 target areas within the Gold Springs Project in order to ready them for future drilling programs. The two areas presented here are the Fluorite and Pinyon targets located on the Nevada portion of the claim block. Both targets display similarities to the existing, defined resources located within the GRC claim block. Fluorite: The Fluorite target is a resurgent rhyolite dome complex located immediately north of the Pope target within the Gold Springs caldera system. The target is a large structural zone hosting banded fluorite and associated gold mineralization. A few historic workings occur in the area consisting of one shaft and one adit, both developed to exploit the gold-fluorite-bearing zone. Outcrops around the fluorite occurrence display silicified rhyolite with discontinuous, stringer quartz veining carrying gold values up to 1.11 g/t. The Fluorite occurrences are banded with thin seams of hematite clay between bands. When panned these clay seams produce tails of flower gold. Samples taken of the banded fluorite have graded as high as 23.45 g/t gold. One select sample of the hematite clays returned values of 1.38 g/t Au and 6.5 g/t Silver. Values greater than the resource cut-off grade of 0.25 g/t Au are listed in the table below. Pinyon: The Pinyon target is located in the southwest corner of GRC claim block on the Nevada side of the project. Pinyon is situated along the western margin of the Gold Springs Caldera complex and displays structures related to the caldera collapse, similar to the setting at the Grey Eagle resource. The Pinyon target is interpreted to be a high-level expression of a caldera margin hosted, epithermal gold system. The target covers 2.2 square kilometers that are largely covered with colluvium and post- mineral tuffs. However, where exposures are found, northeast-trending sheeted-calcite-quartz- vein zones display coarse-bladed textures similar to those found at the existing resource areas on the project. The sheeted vein zones have widths of up to 50 metres before being lost under post-mineral cover. Mineralized float is also found throughout the target area with samples of calcite-quartz and quartz vein material grading as high as 3.3 g/t Au and 6.9 g/t silver. Altered andesite host rock sampled in float returned grades of 3.69 g/t Au and 16.1 g/t silver. Values greater than the resource cut-off grade of 0.25 g/t Au are listed in the table below. Aankondiging • Oct 10
Gold Springs Resource Corp. Reports on Two Additional Targets at its Project Gold Springs Resource Corp. announced mapping and surface- sample results generated on the Snow and Gem targets on the Utah portion of the Gold Springs project. Fieldwork continues to define the geologic and structural settings, generating high-grade gold and silver values as the targets are readied for future drilling. The two targets are located on major structural corridors identified at surface as well as by the company's recently reported CSAMT geophysical survey (press release September 2, 2020). The CSAMT survey greatly expanded the Snow target extending it over a 2,000-metre strike length following a major structural corridor similar to that seen at the North and South Jumbo resource areas. The Gem target is located on the large Gold Springs Wash structural corridor, in an area dominantly covered by post-mineral material. The Snow target is located 500 metres west of the Fitch target and consists of several historical slot cuts and one historic mine shaft. Much of the area outside of the historic workings is covered with colluvium and post-mineral volcanic flows. Historic workings focused on the east side of a through going north-south Snow Fault defined by a deep valley and exposed in the old workings. The Snow Fault is a major structural corridor that extends for 3.5 kilometers and is highlighted as an extensive geophysical anomaly in the CSAMT data. Historic workings expose intensely clay-altered andesite host rock with stockwork quartz veining within fault and fracture zones. Vein and breccia material are also found in dump piles around historic mine sites. Vein zones exposed at surface are found west of the workings and are haloed by strong clay alterations. Upslope of the vein exposures much of the area is covered with colluvium and weakly-altered andesite float. However, mineralized float in the form of banded and bladed calcite-quartz veins, hydrothermal breccias and stockwork veining is found mixed in with the colluvium cover. This suggest that the epithermal gold system continues under this thin layer of colluvium cover. The Gem target is located near the northern extension of the Snow target along the Gold Springs Wash. The Gold Springs Wash is a major structural corridor that trends to the northeast and is a significant controller of mineralization found at the Juniper target (press release April 15, 2020). The Gem target is located at the confluence of the Snow Fault with the Gold Springs Wash Fault. At this intersection, a shallow geophysical anomaly occurs in the CSAMT survey and represents a highly prospective target as both structures are known to host mineralization (press release September 2, 2020). Numerous historic workings are located on both the north and south sides of the Gold Springs Wash. The workings expose heavily-altered andesite with stockwork quartz veining. 