Business
Gold Springs Resource Continues to Expand the Charlie Ross Deposit
VANCOUVER, BC / ACCESSWIRE / October 30, 2023 / Gold Springs Resource Corp. (the "Company" or "G...
About this update from Gold Springs Resource Corp.
[{"type":"text","content":"Gold Springs Resource Continues to Expand the Charlie Ross DepositVANCOUVER, BC / ACCESSWIRE / October 30, 2023 / Gold Springs Resource Corp. (the \"Company\" or \"GRC\") (TSX:GRC)(OTCQB:GRCAF) 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.Highlights include:0.85 g/t gold equivalent over 4.5 meters and1.85 g/t gold equivalent over 10.7 meters including3.61 g/t gold equivalent over 4.6 meters in hole CR-22-019Gold equivalent based on US$1,800/oz gold, US$25/oz silver and 50% for silver recovery.Antonio Canton, President and CEO, stated:\"These latest positive results from Charlie Ross confirm the existence of higher-grade zones and the excellent results reported in our recent press release of October 6, 2023.We believe that these multiple drill intercepts of +2 g/t and +1 g/t gold equivalent will enable us to extend our Charlie Ross deposit in all its three parallel zones (West, Central and East), both up dip and to the north where it remains open:3.10 g/t gold equivalent over 12.2 meters including7.74 g/t gold equivalent over 4.6 meters and1.08 g/t gold equivalent over 3.0 meters and0.84 g/t gold equivalent over 6.1 meters in hole CR-22-0142.64 g/t gold equivalent over 12.2 meters including.9.49 g/t gold equivalent over 3.0 meters and 0.72 g/t gold equivalent over 6.1 meters in hole CR-22-0102.33 g/t gold equivalent over 6.1 meters and1.02 g/t gold equivalent over 3.0 meters in hole CR-22-0081.60 g/t gold equivalent over 3.1 meters in hole CR-22-0151.31 g/t gold equivalent over 10.6 meters and0.61 g/t gold equivalent over 6.1 meters in hole CR-22-009Our future drilling programs will aim to further extend this high-grade gold mineralization in the three parallel resource zones located in a very large 1100x600 meters CSAMT geophysical anomaly area, which offers exciting expansion opportunities\".Charlie RossThe 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 (see GRC's press release of June 13, 2022, concerning our last mineral resource estimate based on drilling to 2021 and detailed table below).The positive drill results from 19 additional holes reported in 2022-2023 demonstrate GRC's ability t...