One Large Gold Project of nearly 8,000 ha located in the USA (Nevada and Utah) where 4 Historic High-Grade Underground Mining Districts were in operation until World War II.
One Corporate Objective: Rapidly Develop a Multi-Million Ounce Deposit and Obtain the Necessary Mining Permits.
+27$ Million already spent on the project as of 31.12.2022.
6 targets with Substantial M&I Resources wide open for expansion and 27 with significant potential, all covering only 40% of the Property.
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.
The 2022 drill program completed 77 RC holes for a total of 16,226 meters :
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:
Since 2010, the Company has spent +$27 million on Gold Springs and has completed or collected: