Gold Springs Resource (TSX: GRC) (OTCQB: GRCAF) is a growth-focused gold exploration company advancing rapidly its one large Gold Springs project of nearly 8000 ha located in USA, on the border of Nevada and Utah, one of the best mining jurisdictions in the world.
One Large Gold Project: 6 targets with Substantial M&I Resources wide open for expansion and 27 with significant potential, all covering only 40% of the Property.
One Corporate Objective: Rapidly Develop a Multi-Million Ounces Deposit and Obtain the Necessary Mining Permits.
The Company combines a track record of discovery and advancement of large projects, key operational and process expertise, and a commitment to positive community relations and sustainable development. Management has extensive experience in the global exploration and mining industry.
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:
- Significant Growth Potential in an Excellent Mining Jurisdiction: One large project of nearly 8,000 ha in Nevada & Utah with 6 targets with Substantial M&I Resources wide open for expansion and 27 with significant potential, all covering only 40% of the Property, that confirms the company’s one objective of rapidly developing a multi-million-ounce deposit.
- 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).
- A Low Per Ounce Discovery Cost: In 2021, $11 in total, $9 after deducting some fixed expenses.
- Advancing the Mining Permit in parallel with resource expansion (EA completed in both Nevada and Utah).
- 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).