Gold Springs Resource Corp. Files Q1 2023 Financial Statements and MD&A

About this update from Gold Springs Resource Corp.

[{"type":"text","content":"Gold Springs Resource Corp. Files Q1 2023 Financial Statements and MD&AVANCOUVER, BC / ACCESSWIRE / May 11, 2023 / Gold Springs Resource Corp. (TSX:GRC), (OTCQB:GRCAF) (the \"Company\"), reports the release of its unaudited consolidated financial statements for the three months ended March 31, 2023 and the related management's discussion and analysis of financial position and results of operations (\"MD&A\"). In this press release, all amounts are expressed in U.S. dollars, unless otherwise indicated.During the three months ended March 31, 2023, general and administrative expenses, excluding non-cash share-based payments, increased to $0.17 million compared with $0.16 million during the three months ended March 31, 2022. Exploration spending during the three months ended March 31, 2023, decreased to $0.17 million from $0.53 million incurred during the same period of last year. During the three months ended March 31, 2023, the Company reported a net loss of $0.21 million ($nil loss per share) compared with a net loss of $0.24 million ($nil loss per share) for the same period in the prior year. As of March 31, 2023, the Company had cash of $0.54 million, arising primarily from the receipt of working capital advances of $0.50 million.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, President and [email protected] StatementsCertain statements contained herein constitute \"forward-looking information\" under applicable Canadian securities laws (\"forward-looking statements\"). Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as \"creating\", \"believe\", \"would\", \"continue\", \"will\", \"promising\", \"should\", and similar expressions. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations if k...

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