Gold Springs Resource

Gold Springs is 100% owned and located in USA, on the border of Nevada & Utah, one of the best mining jurisdictions in the world (low political, environmental, cultural and tax risks).

The Resources all outcrop with gold near the surface and can be extracted by low-cost Open Pit Mining and a technically Simple Heap Leach Operation. In general, a low stripping ratio allows a low mining cost, coupled with heap leach low processing cost for gold extraction, resulting in favorable economics and a low AISC (All In Sustaining Costs).

Gold Springs has the necessary water rights and infrastructure (600 gallons per minute, county roads, a rail line, and power near the property) and no royalties (except a 3% NSR on a small private land portion).

Visit our project on 3D on Google Earth.

Exploration activities at the Gold Springs

The 2022 drill program completed 77 RC holes for a total of 16,226 meters : 

• 24 holes around South Jumbo resource,
• 22 holes around North Jumbo resource,
• 19 holes around Charlie Ross resource (2021 discovery),
•   2 holes on Snow target (2022 discovery),
•   5 holes on Red Light target,
•   5 holes on Horseshoe Extension target.

Assays have been received from 41 RC holes: 20 of the 24 at South Jumbo, 13 of the 22 at North Jumbo, 6 of the 19 at Charlie Ross, 2 at Snow, and none from the Red Light and Horseshoe Extension targets.

2022 Drilling results:

• South Jumbo: Expansion of the resource (see link).
• North Jumbo: Expansion of the resource (see link).
• Charlie Ross: Expansion of the resource (see link).
• Snow: Discovery of a new gold mineralization (see link).

Since 2010, the Company has spent +$27 million on Gold Springs and has completed or collected:

•  443 drill holes for a total of 79,733 meters.
•  77.4 line km of CSAMT geophysical survey data covering most of the 33 gold targets.
•  470 line km of ZTEM geophysical survey data.
•  3,420 rock samples, 2,182 soil samples and 912 sediment samples.
•  Detailed mapping on 33 different targets.
•  Cultural clearance on 27 targets.
•  Environmental Assessment in both Nevada and Utah.

Five important positive points:

1. Significant Growth Potential in an Excellent Mining Jurisdiction: One large project of nearly 8,000 ha in Nevada & Utah. 6 targets with Substantial M&I Resources wide open for expansion and 27 with significant potential all covering only 40% of the Property.
    
2. No Royalties or Streaming agreements (except a 3% NSR on a small private land in Grey Eagle representing less than 3% of the total existing resource).
    
3. A Low Per Ounce Discovery Cost: In 2021, $11 in total, $9 after deducting some fixed expenses.
    
4. Advancing the Mining Permit in parallel with resource expansion (EA completed in both Nevada and Utah).
    
5. A Unique Financial Instrument to rapidly advance the project by giving investors the opportunity to invest In Gold Springs with a guarantee (link for more information).