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Gold Springs Resource Drills 7 More Holes at Gold Springs; Brings Total to 22 Holes in 2021 Program, Assay Results Pending
VANCOUVER, BC / ACCESSWIRE / June 4, 2021 / Gold Springs Resource Corp. (TSX:GRC) (OTCQB:GRC...
About this update from Gold Springs Resource Corp.
[{"type":"text","content":"Gold Springs Resource Drills 7 More Holes at Gold Springs; Brings Total to 22 Holes in 2021 Program, Assay Results PendingVANCOUVER, BC / ACCESSWIRE / June 4, 2021 / Gold Springs Resource Corp. (TSX:GRC) (OTCQB:GRCAF) (the \"Company\" or \"GRC\"), provides an update on its ongoing 10,000-metre drilling program at the Gold Springs project located in the Eastern Great Basin of Nevada and Utah, USA. GRC reports that it has now completed an additional 1,377 meters in 7 drill holes for a total completed thus far in the 2021 program of 3,931 meters in 22 holes. GRC previously reported the completion of the first 15 holes of the program (see press releases March 30, 2021, and April 28, 2021).Of the 7 holes reported in this press release, 4 were completed in the South Jumbo resource area, bringing the total number of holes drilled during 2021 in this target area to 16, with the 3 other holes having been drilled within the Central Jumbo target area. The holes at South Jumbo were designed to test areas for expansion of the South Jumbo resource, while the holes at Central Jumbo were located to test a buried CSAMT geophysical anomaly in an area of post mineral cover which is centered on one of the major north-south striking structures seen at both the North and South Jumbo resource areas. All holes encountered silicification, sericite-clay alteration and micro-brecciation, which is the typical rock characterization in which mineralization is found at Gold Springs.Drilling has been primarily focused on extending the South Jumbo resource and is now moving to test the Central Jumbo target which will be followed by holes designed to test for the expansion of the North Jumbo resource.Matias Herrero, President and CEO, stated \"Drilling is advancing as planned, and we have now completed about 40% of our 10,000-metre program. We should start receiving assay results from the laboratory in the upcoming weeks. Drilling is now complete around the South Jumbo resource area, and we have now started drill-testing the targets generated from our 2020 geophysical program in the Central Jumbo target area. The first holes at Central Jumbo penetrated thick sequences of highly altered rocks demonstrating that our concepts are correct. The program will be continuing within the Jumbo trend as we move to the north to drill-test for mineral expansions around the No...