RE:GRCAF - Q2 2020Gold Springs Resource Mobilizes Equipment to Flagship Project, Begins Road and Drill Pad Construction August 27, 2020, Vancouver, British Columbia— Gold Springs Resource Corp. (TSX: GRC, OTCQB: GRCAF) (the “Company” or “GRC”), is pleased to announce the initiation of road and drill pad construction at the Gold Springs project located in Utah and Nevada, USA. Construction activities will be focused on the Jumbo Trend located on the Utah side of the project and drill pads will be situated to allow for both the expansion drilling of the current resources at North and South Jumbo and also to test the new high-priority Juniper target, which is 200 metres northwest of, and runs parallel to, the North Jumbo resource (maps are available following the links provided below). Pad-construction will also take place on the Homestake target, which is on the Nevada side of the project, to allow GRC to drill-test the extensions of high-grade mineralization intercepted during the 2019 drill campaign (see press release dated January 7, 2020). The current construction is for approximately 100 new drill pads which, in addition to existing drill-pads, would allow the Company to drill approximately 150 drill holes on the above-mentioned targets.
At South Jumbo, pad locations will allow for drill testing of the southern extension of the exposed system, the down-dip extension, the northern extension, and the parallel eastern zone. Pad locations around the North Jumbo resource will be positioned to allow for the testing of the southwest extension (where surface exposures display extensive veining and strong alteration), the western parallel zone, the down-dip extension, and the northern extension. Finally, roads and pads will be built to allow for follow-up drilling at the Homestake target and the first drill testing of the recently announced Juniper target (see press release dated May 19, 2020). This large 400x600-metre open-ended bulk-target has the same structural setting as the North and South Jumbo resources and initial surface sampling returned numerous +1 g/t gold values from intensely altered host rocks.
GRC has recently received assays from the continuing work on the 29 drill-targets so far identified on the Gold Springs project. Results will be released in the coming weeks for the Ridge, West Ridge and Big Summit targets once the data is reviewed and validated. In addition, the controlled source audio-magnetotelluric (“
CSAMT”) geophysical survey has been completed and the data is currently being reviewed and interpreted with a news release forthcoming.
For information, maps and photos on the Juniper, Homestake, North Jumbo and South Jumbo targets, please visit:
Juniper:
https://goldspringsresource.com/projects/juniper/ North Jumbo:
https://goldspringsresource.com/projects/the-north-jumbo-resource/ South Jumbo:
https://goldspringsresource.com/projects/the-s-jumbo-resource/ Homestake:
https://goldspringsresource.com/projects/homestake/ GLTA -
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