GRCAF - Gold Springs Resource: Advancing a Gold & Silver Project
2024-03-27 17:08:02 ET
Gold and Silver project in one of the best mining jurisdictions in the world
Gold Springs Resource is focusing on the exploration and expansion of the gold and silver resources at its Gold Springs project in Nevada and Utah, USA. Markedly, the prolific Great Basin of Western USA, is one of the best mining jurisdictions in the world.
The Company has its Gold Springs project, which is an advanced exploration state project. They have a current resource of about 530k ounces of gold and about 10 million ounces of silver.
Gold Springs Project
The Gold Springs Project covers approximately 7,847 hectares. Further, it's comprised of federal lode claims, Utah State leases, and patented mining claims held through leases and purchases.
The district-scale property is a target-rich environment with four resource zones defined thus far. The zones include North Jumbo, South Jumbo, Grey Eagle and Thor. While all are open to expansion, the priority targets are to extend the North Jumbo and South Jumbo in their own surronding areas and towards each other along a 5.5-kilometer Jumbo Trend.
Moreover, the Company has identified 25 drill-targets based on +1 g/t gold (Au) outcropping samples, geologic and structural modeling, and geophysical results. The Company is somewhat unique in that all of the known resources and targets are exposed on surface. With further exploration work, the Company expects that additional targets will be developed under post-mineral cover.
The project has an existing preliminary economic assessment (PEA).
"It's important to mention that Gold Spring has a very large scale property and has the potential for multi-million ounces.", says President and CEO, Matias Herrero. "It's a great property with a lot of geological potential and a lot evidence of gold.", Herrero continues.
For more information on Gold Springs Resource Corp. (TSX:GRC, OTCQB:GRCAF) please fill out the form below.