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Gold Springs Resource Reports on Two Additional Targets at its Flagship Project
VANCOUVER, BC / ACCESSWIRE / October 8, 2020 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:G...
About this update from Gold Springs Resource Corp.
[{"type":"text","content":"Gold Springs Resource Reports on Two Additional Targets at its Flagship ProjectVANCOUVER, BC / ACCESSWIRE / October 8, 2020 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the \"Company\" or \"GRC\"), is pleased to announce mapping and surface-sample results generated on the Snow and Gem targets on the Utah portion of the Gold Springs project. Fieldwork continues to define the geologic and structural settings, generating high-grade gold and silver values as the targets are readied for future drilling.The two targets are located on major structural corridors identified at surface as well as by the company's recently reported CSAMT geophysical survey (press release September 2, 2020). The CSAMT survey greatly expanded the Snow target extending it over a 2,000-metre strike length following a major structural corridor similar to that seen at the North and South Jumbo resource areas. The Gem target is located on the large Gold Springs Wash structural corridor, in an area dominantly covered by post-mineral material.Matias Herrero, President and CEO, stated \"We are nearing the completion of our target investigations as we continue to demonstrate large, high-quality targets with multi-gram gold values from surface sampling. In particular, the Snow target has been elevated by this recent work when coupled with the new CSAMT survey results. These targets are located in areas of extensive post-mineral cover, but our field crews continue to produce exciting gold values and have identified the controls for the gold mineralization\".Snow The Snow target is located 500 metres west of the Fitch target and consists of several historical slot cuts and one historic mine shaft. Much of the area outside of the historic workings is covered with colluvium and post-mineral volcanic flows. Historic workings focused on the east side of a throughgoing north-south Snow Fault defined by a deep valley and exposed in the old workings. The Snow Fault is a major structural corridor that extends for 3.5 kilometers and is highlighted as an extensive geophysical anomaly in the CSAMT data (see press release September 2, 2020).Historic workings expose intensely clay-altered andesite host rock with stockwork quartz veining within fault and fracture zones. Vein and breccia material are also found in dump piles around historic mine sites. Vein zones exposed at s...