Business
Gold Springs Resource Prepares Five Additional Targets for Drilling at Flagship Project
VANCOUVER, BC / ACCESSWIRE / August 4, 2020 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GR...
About this update from Gold Springs Resource Corp.
[{"type":"text","content":"Gold Springs Resource Prepares Five Additional Targets for Drilling at Flagship ProjectVANCOUVER, BC / ACCESSWIRE / August 4, 2020 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF)(the \"Company\" or \"GRC\"), is pleased to announce mapping and surface-sample results from Midnight, Lost World, White Point, Horseshoe Extension and the new Horsetail drill targets on the Nevada portion of the Gold Springs project, all of which returned high-grade gold and silver values, and are now ready for drilling.High-grade rock chip results up to 3.94 g/t gold with 6.7 g/t silver are reported from Midnight, up to 4.43 g/t gold with 18.1 g/t silver from Lost world, up to 13.9 g/t gold with 3.7 g/t silver from White Point, up to 7.85 g/t gold with 2.4 g/t silver from Horseshoe Extension, and up to 14.2 g/t gold with 52 g/t silver from the new Horsetail target.Matias Herrero, President and CEO, stated \"As with our recent press releases, GRC continues to produce excellent gold results from our surface sampling at Gold Springs and to demonstrate that the geologic setting of these drill-target areas is favorable for hosting resources similar to those recently reported in our Updated NI 43-101 Technical Report (PR June 19, 2020). We feel that it is important for investors to understand the quality and significance of the 29 drill-targets at Gold Springs which we believe have the potential to host multiple deposits\".GRC's efforts thus far in the 2020 field season are focused on detailed mapping and sampling of priority targets within the large Gold Springs project's land package, and to prepare these targets for future drill programs designed to expand and add to our mineral resources. With the new addition of the Horsetail target, there are now 29 drill-target areas at Gold Springs, and resources in 4 of them.The five targets in this press release are all associated with large throughgoing geologic structures generally displaying wide zones of gold mineralization. For more information on these targets, follow the links provided for each target below in this press release.Midnight TargetThe Midnight target is located 2,700 metres west of the South Jumbo resource. The gold vein sets at the Midnight target can be traced for 650 metres along strike expanding over a width of 150 metres before being obscured by post mineral gravels in all directions. ...