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Gold Springs Resource Corp. Announces Second Round of Positive Surface-Sample Results at Flagship Project
VANCOUVER, BC / ACCESWIRE / May 19, 2020 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCA...
About this update from Gold Springs Resource Corp.
[{"type":"text","content":"Gold Springs Resource Corp. Announces Second Round of Positive Surface-Sample Results at Flagship ProjectVANCOUVER, BC / ACCESWIRE / May 19, 2020 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the \"Company\" or \"GRC\"), is pleased to announce results for the second round of rock-chip samples taken at the Declaration, Juniper and Fitch target areas at the Gold Springs project. Detailed field mapping was completed for these three targets and described in the press release of April 15, 2020. As part of the mapping effort, rock chip samples were collected on these targets to support the development of future drill programs.All three targets are epithermal gold systems within the Jumbo Trend which is a +5-kilometer gold belt hosting two of GRC's mineral resource estimates. The Juniper and Fitch targets are newly-identified and bring the total number of outcropping gold targets within the Gold Springs project to twenty-eight.Matias Herrero, GRC's President and CEO, stated \"We are pleased to not only continue to advance the quality targets we have identified thus far, but to add new targets to our list of future drill targets. Our field work is continuing as we complete detailed mapping and sampling of our numerous targets at Gold Springs with the objective of prioritizing and developing future drill plans. We are excited with the results we have gotten thus far and look forward to sharing information on additional targets as our work progresses.\"JuniperThe Juniper target is located just east of the Declaration target and extends east to the North Jumbo Resource. Gold grades from GRC's sampling above 0.25 g/t Au, which is the cutoff grade for the adjoining North Jumbo resource, are seen throughout the entire Juniper area and are not restricted to vein material. This highlights Juniper as a bulk target, with an exposed area of 600 metres by 400 metres, and remains open to the north where the possible extension goes under post-mineral cover. The average grade of samples above resource cutoff is 1.0 g/t Au and 30.1 g/t silver. High-grade +1 g/t gold grades are obtained from vein, stockwork and altered host rocks.Mr. Herrero further commented, \"Juniper represents an exciting new target for our company. It is drill ready, has produced excellent gold values on surface over a broad area, is in close proximity to our North Jumbo re...