Business
Gold Springs Resource Demonstrates Extension of Gold Mineralization of its South Jumbo Resource
VANCOUVER, BC / ACCESSWIRE / August 12, 2022 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:G...
About this update from Gold Springs Resource Corp.
[{"type":"text","content":"Gold Springs Resource Demonstrates Extension of Gold Mineralization of its South Jumbo ResourceVANCOUVER, BC / ACCESSWIRE / August 12, 2022 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the \"Company\" or \"GRC\"), has received assays from the final drill holes at South Jumbo as part of the 2022 drill campaign on its large Gold Springs project located in USA, on the border of Nevada and Utah, one of the best mining jurisdictions in the world.Highlights include:0.83 g/t gold equivalent over 18.3 meters including1.89 g/t gold equivalent over 6.1 meters in hole E-22-0150.75 g/t gold equivalent over 6.1 meters in hole E-22-0170.53 g/t gold equivalent over 13.8 meters and0.96 g/t gold equivalent over 6.1 meters in hole E-22-0181.05 g/t gold equivalent over 4.6 meters and0.74 g/t gold equivalent over 26.0 meters in hole E-22-020Gold equivalent based on US$1,800/oz gold, US$25/oz silver and 50% for silver recovery.Randall Moore, Executive Vice President of Exploration, stated:\"\"These results of our 2022 drill program confirm the significant potential for expansion of our current gold resource at South Jumbo in various directions:To the South - hole E-22-015 .To the North - hole E-22-020 .In the gap zone between the two resource blocks - holes E-22-017 and E-22-018.GRC has now demonstrated the extension of gold mineralization in three different directions and also at depth. To the North the extension is significant as the hole E-22-020 with 1.05 g/t AuEq over 4.6 meters and 0.74 g/t AuEq over 26 meters is 80 meters north from the existing resource.Once we update our model, follow-up holes will be planned with the objective to continue to expand gold mineralization in every direction, but especially to the north, towards Central Jumbo.\"Summary of drill intercepts:HoleNumberTargetFromMetersToMetersThicknessMetersGoldg/tSilverg/tAuEqg/tE-22-015South Jumbo24.442.718.30.7413.30.83including 29.035.16.11.6928.71.89and 79.289.910.70.384.50.41E-22-017South Jumbo7.616.89.20.403.20.42and 48.854.96.10.742.00.75and 83.896.012.20.364.10.39E-22-018South Jumbo24.429.04.60.402.20.42and 41.154.913.80.495.90.53and 76.282.36.10.908.80.96and 158.5161.53.00.671.00.68and 176.8185.99.10.361.50.37E-22-019South Jumbo70.171.61.51.1626.41.34E-22-020South Jumbo117.3121.94.61.041.01.05and 126.5129.53.01.384.51.41and 155.4181.426.00.722.20.74True thickness...