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Gold Springs Resource Completes First 6 Holes of the 2021 Drill Program; Assay Results Pending

VANCOUVER, BC / ACCESSWIRE / March 30, 2021 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GR...

articleGold Springs Resource Corp.March 30, 20214/company/gold-springs-resource-corp/news/gold-springs-resource-completes-first-6-holes-of-the-2021-drill-program-assay-results-pending
Gold Springs Resource Completes First 6 Holes of the 2021 Drill Program; Assay Results Pending

About this update from Gold Springs Resource Corp.

[{"type":"text","content":"Gold Springs Resource Completes First 6 Holes of the 2021 Drill Program; Assay Results PendingVANCOUVER, BC / ACCESSWIRE / March 30, 2021 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the \"Company\" or \"GRC\"), has completed the first 1,253 metres in 6 holes of the planned 10,000-metre drill program (the \"Drill Program\") at its 100%-controlled Gold Springs project located in the Eastern Great Basin of Nevada and Utah, USA.The objective of the Drill Program is to expand the North and South Jumbo mineral resources and to drill for the first time the new Juniper Target (see press release of May 19, 2020). Thus far 2 holes have been completed on the new Juniper Target, one hole on the southwest extension of the North Jumbo resource area, and three holes on the South Jumbo resource area. Winter-weather conditions during March have slowed the Drill Program, but the South Jumbo area is now clear of snow and mud where the Drill Program is expected to continue.Visible gold was identified in the cuttings of drill hole E-21-003 at a down-hole depth of 152 metres within an area of intense silicification. For its entire length of 213 metres, hole E-21-003 displays strong epithermal alteration and micro-brecciation in pervasively silicified and sericite altered volcanic rocks. This type of alteration and ground preparation is seen throughout the resource areas. E-21-003 is designed to expand the South Jumbo mineral resource (see map and photos attached).Matias Herrero, President and CEO, stated \"We are excited to be drilling once again at Gold Springs. The program is off to a good start with the holes encountering strong alteration similar to that seen within our resource areas. Hole E-21-003 is located in an area of the South Jumbo resource where we have a 250-metre gap in the resource-definition drilling, with only one older hole drilled in that area. The recent CSAMT geophysical-survey data (see press release of September 2, 2020) is being very helpful in guiding the Drill Program. We are optimistic for our success to add ounces to the existing resources within the productive Jumbo Trend. We expect to receive the assays for these initial drill holes in late April\".All holes showed thick +30 metre intervals of strong alteration, other than hole JP-21-002 drilled at the Juniper Target.Juniper Target holes JP-21-001 and JP-21-00...

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