Business
Gold Springs Resource Corp. Looks in 2022 to Expand the South Jumbo Resource Area
VANCOUVER, BC / ACCESSWIRE / March 11, 2022 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GR...
About this update from Gold Springs Resource Corp.
[{"type":"text","content":"Gold Springs Resource Corp. Looks in 2022 to Expand the South Jumbo Resource AreaVANCOUVER, BC / ACCESSWIRE / March 11, 2022 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the \"Company\" or \"GRC\") is pleased to present the 2022 drilling plans for the \"South Jumbo\" resource located on the Utah portion of the large 8000 ha Gold Springs Project located in the western Great Basin, USA.Antonio Canton, President, and CEO stated, \"After updating the model of the South Jumbo resource with the 2021 drill results, our team has identified new areas for our 2022 drilling program. We are excited to drill in April at \"South Jumbo\", on the southern end of the 8 kilometer long Jumbo Trend, as it is an important target for our Company's 2022 objective to expand our gold resource to a level where we think our company will be attractive to major gold mining companies.\"In 2021, GRC completed 16 holes at \"South Jumbo\" which focused on filling in a 400 meter gap in drilling between two resource bodies and expanding the gold mineralization to the south and at depth. Results of this drilling include:7.6 meters @ 1.70 g/t gold equivalent 13.6 meters @ 1.01 g/t gold equivalent in hole E-21-0044.6 meters @ 0.57 g/t gold equivalent and7.6 meters @ 0.73 g/t gold equivalent in hole E-21-0059.1 meters @ 0.67 g/t gold equivalent in hole E-21-00720.9 meters @ 0.73 g/t gold equivalent in hole E-21-01156.4 meters @ 0.75 g/t gold equivalent and19.8 meters @ 5.37 g/t gold equivalent in hole E-21-01216.8 meters @ 0.56 g/t gold equivalent in hole E-21-016Gold equivalent based on US$1,800/oz gold and US$25/oz silver. For further information about these results, please refer to the Company's news releases dated July 5, 2021 and September 7, 2021.The 2021 drilling was able to demonstrate the extension of gold mineralization to the south, at depth, and within the gap zone between the two resource pods. The system remains open to the south, where it extends into a large area of post-mineral cover. The southernmost hole E-21-009 intercepted 0.57 g/t Au and 8.0 g/t Ag over 13.7 meters.Due to poor drilling conditions, many of the holes designed to extend the system to depth were lost before they reached the target. Nevertheless, the hole E-21-012 did enter the target but was lost in a zone that ran 5.2 g/t Au and 12.4 g/t Ag over 19.8 meters at the bottom o...