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Gold Springs Resource Corp. T.GRC

Alternate Symbol(s):  GRCAF

Gold Springs Resource Corp. formerly known as, TriMetals Mining Inc. is a growth-focused gold exploration company creating value through the exploration and development of the Gold Springs project in Nevada and Utah, U.S.A. Management has extensive experience in global exploration and the mining industry.


TSX:GRC - Post by User

Bullboard Posts
Post by muchogustoon Jun 28, 2017 3:12pm
267 Views
Post# 26415467

[2017...]

[2017...]Mr. R. van Doorn added 50.000 shares in the public market on 22th June. You can find this order on the tmx times and sales. It is published at CanadianInsider and barrons.com has been updated. Mr. van Doorn owns now 1.45M shares.

I expect (very) good drill results in July to validate the trend of the gold resource, which give support to the share price. I hope that the price of an ounce is climbing up again to 1300$ which could give also support.

Regarding the court decision about SAS and the state of Bolivia. At the moment IMHO the share price does not reflect any positive award. We just can read the last inputs of both parties. The valuation of the property : SAS concrete numbers against a share price valuation (grrhh) of Bolivia. I hope for a positive vote with calculation of SAS, but everything is open. As said IMHO no reward is reflected in the share price, so I am relaxed about the decision and count on the Gold Springs Property:

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The March 29, 2017, technical report and resource estimate for the Gold Springs project (news release from March 29, 2017) reported an initial resource for the South Jumbo target which is open to expansion along strike in a north-south direction and to depth. The width of the mineralization is still open to expansion as well, as holes were collared in and bottomed in mineralization. This year's drilling will look to define the width of the mineralization and expand the resource along strike and to depth.

Drilling will then move approximately 700 metres northeast to the Central Jumbo target area (state section) to fill in the 1.5 km undrilled gap between the South Jumbo and North Jumbo resource areas.

Ralph Fitch, president and chief executive officer, stated: "This phase 1 drill program, part of the planned much-larger 125-hole program, will be very exciting as it explores these substantial geological/structural and geophysical targets that have already yielded some of our best results. As this year's program progresses we plan to drill several of our other high-priority ZTEM and structural targets.

"TMI has conducted resource drilling on four targets and has developed resources on all four. We believe this year's drill program will continue to demonstrate the tremendous upside potential for the project."

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GLTA and make your own DD !

 

Bullboard Posts