Business
Gold Springs Resource Corp. New Gold Discovery at Charlie Ross
VANCOUVER, BC / ACCESSWIRE / October 19, 2021 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:...
About this update from Gold Springs Resource Corp.
[{"type":"text","content":"Gold Springs Resource Corp. New Gold Discovery at Charlie RossVANCOUVER, BC / ACCESSWIRE / October 19, 2021 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the \"Company\" or \"GRC\") announces a new discovery of important gold mineralization within the previously undrilled Charlie Ross target, located on the Nevada portion of its USA flagship Gold Springs project.Highlights include:1.17 g/t gold equivalent over 45.7 meters, which includes,2.56 g/t gold equivalent over 15.2 meters (hole CR-21-005)1.26 g/t gold equivalent over 15.3 meters, which includes,2.24 g/t gold equivalent over 9.2 meters (hole CR-21-008).Randall Moore, Executive Vice President of Exploration, stated: \"We are pleased to report this new discovery on one of our previously undrilled targets out of the 32 so far identified. Two holes targeted the western margin of Charlie Ross with exciting results and higher gold grades than our current resources. Our crew has done a great job putting together a comprehensive drill plan to test both the CSAMT high resistivity anomalies and the numerous structural zones known for hosting gold mineralization. We have already spotted additional drill pads to follow-up these results which will look to extend the mineralization.\"Charlie Ross TargetCharlie Ross is located in Nevada, 2,000 meters west of the North Jumbo resource area, on a north-south structural trend similar to the Jumbo Trend.Holes CR-21-005 and CR-21-008 both targeted the western structural zone which has proven to be a primary controlling feature for gold mineralization. The holes are 210 meters apart and the gold bearing structure is open to the north and up and down dip. There is still a large portion of the target that has not yet been tested as GRC is awaiting final cultural clearance prior to road and drill pad constructionIn 2020, the Company completed a CSAMT ground-based geophysical survey on Charlie Ross and the results show a single large CSAMT high resistivity anomaly covering an area measuring 650 meters east-west and 750 meters north-south. There is a close correlation between high resistivity and gold mineralization as seen at existing resources currently defined at Gold Springs (see press release September 2, 2020).For more information on Charlie Ross, please visit:https://goldspringsresource.com/projects/target-with-drilling/charlie-ross-p...