Gold Springs Resource Corp. [GRC-TSX; GRCAF-OTCQB] reported assays from the final drill holes at South Jumbo as part of the 2022 drill campaign on its large 100%-owned Gold Springs project located on the border of Nevada and Utah, one of the best mining jurisdictions in the world.
Highlights include 0.83 g/t AuEq (gold equivalent) over 18.3 metres, including 1.89 g/t AuEq over 6.1 metres in hole E-22-015. E-22-017 returned 0.75 g/t AuEq over 6.1 metres.
E-22-018 returned 0.53 g/t AuEq over 13.8 metres and 0.96 g/t AuEq over 6.1 metres. E-22-020 returned 1.05 g/t AuEq over 4.6 metres and 0.74 g/t AuEq over 26 metres. Gold equivalent based on US$1,800/oz gold, US$25/oz silver and 50% for silver recovery.
Randall Moore, executive vice-president of exploration, stated: “These results of our 2022 drill program confirm the significant potential for expansion of our current gold resource at South Jumbo in various directions, including to the south – hole E-22-015; to the north – hole E-22-020; and in the gap zone between the two resource blocks – holes E-22-017 and E-22-018.
“GRC has now demonstrated the extension of gold mineralization in three different directions and also at depth. To the north the extension is significant as the hole E-22-020 with 1.05 g/t AuEq over 4.6 metres and 0.74 g/t AuEq over 26 metres is 80 metres north from the existing resource.
|“Once we update our model, follow-up holes will be planned with the objective to continue to expand gold mineralization in every direction, but especially to the north, towards Central Jumbo.”|
True thickness is estimated to be 70-100% of reported length.