Gold Springs Resource Receives First Assays from 2021 Drill Program

VANCOUVER BC, ACCESSWIRE / July 5, 2021 / Gold Springs Resource Corp.

“The very good result of the hole E-21-012 with 5.3 g/t gold over nearly 20 meters at its bottom is a very important gold intercept that confirms our belief that the Jumbo South resource not only continues at depth, but could also extend further west.

Holes E-21-004, 005 and 011 were all drilled in the South Jumbo Gap Zone, a 250-meter-long gap in the resource with only one previous hole.

The Company has now completed 31 holes for a total of 6,020 meters of the budgeted 8,100-meters drill program.

Recent geophysical work has shown that the Charlie Ross, Tin Can, Pope, and Red Light targets may be connected at depth and the Company expects that this first drilling will help to answer that question.

Approximately 7 kg of RC chips were sent to the laboratory for each 1.52 meter drill interval.

Gold was analyzed by fire assay of a 30-gram sample with an AAS finish with samples assaying greater than 3 g/t re-assayed using a 30-gram sample and a gravity finish.

is focused on the exploration and expansion of the gold and silver resources of its Gold Springs project located on the border of Nevada and Utah, USA.

Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, risks of the mineral exploration industry which may affect the advancement of the Gold Springs project, including possible variations in mineral resources, grade, recovery rates, metal prices, capital and operating costs, and the application of taxes; availability of sufficient financing to fund planned or further required work in a timely manner and on acceptable terms; availability of equipment and qualified personnel, failure of equipment or processes to operate as anticipated, changes in project parameters, including water requirements for operations, as plans continue to be refined; regulatory, environmental and other risks of the mining industry more fully described in the Company’s Annual Information Form and continuous disclosure documents, which are available on SEDAR at www.sedar.com.

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