Gold Springs Resource Corp. Files 2022 Financial Statements, MD&A and Annual Information Form

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[{"type":"text","content":"Gold Springs Resource Corp. Files 2022 Financial Statements, MD&A and Annual Information FormVANCOUVER, BC / ACCESSWIRE / March 28, 2023 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the \"Company\"), reports the release of its audited consolidated financial statements for the year ended December 31, 2022, the related management's discussion and analysis of financial position and results of operations (\"MD&A\") and the annual information form (\"AIF\"). In this press release, all amounts are expressed in U.S. dollars, unless otherwise indicated.During the year ended December 31, 2022, general and administrative expenses, excluding non-cash share-based payments, decreased to $0.73 million compared with $0.76 million during the year ended December 31, 2021. Exploration spending during the year ended December 31, 2022, increased to $4.71 million, from $3.51 million incurred during the same period of last year, of which $0.24 million, compared with $2.61 million for the year ended December 31, 2021, was funded by the Series A Secured Rights consideration. During the year ended December 31, 2022, the Company reported a net loss of $1.17 million ($0.01 loss per share) compared with net income of $1.12 million ($0.00 income per share), primarily resulting from a $2.61 million gain on disposal of associate, for the year ended December 31, 2021. As of December 31, 2022, the Company had cash of $0.29 million.The 2022 drill program commenced at South Jumbo in April and concluded in early November with the Company having completed 77 RC holes for a total of 16,226 meters, 3 diamond core holes for a total of 695.50 meters and a ground based CSAMT geophysical survey on most of the 33 gold targets.Qualified PersonThe 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 large 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, Presid...

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