1. Located in USA, on the border of Nevada & Utah, one of the best mining jurisdictions in the World
- Low political, environmental, and tax risks.
- A large gold region with an annual production of nearly 5 million ounces from major mining companies like Barrick, Newmont, Kinross, Coeur.
- All necessary infrastructures already exist (railways, road, power lines, water).
2. One Large Project with Significant Growth Potential
- One large property of nearly 8,000 ha. Visit the project on Google Earth.
- 4 historic high-grade underground mining districts in operation until World War II.
- 6 targets with Substantial M&I Resources wide open for expansion and 27 with significant potential, all covering only 40% of the Property.
3. One Corporate Objective
- Rapidly develop a Multi-Million Ounces Deposit and obtain the Necessary Mining Permits.
- Advancing the Mining Permit in parallel of 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).
4. Significant Economic Potential
- 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).
- No Royalties or Streaming agreements (except a 3% NSR on a small private land in Grey Eagle which represents less than 3% of the total resource).
- A Low Per Ounce Discovery Cost: In 2021, $11 in total, $9 after deducting some fixed expenses.
- Low annual administrative expenses.
- Management and the Board of Directors hold 21.4% of the shares.
- No debt.
- The 2020 PEA will be updated soon with the 2021, 2022 and 2023 drilling results (link to the PEA 2020 press release and available on Sedar at SEDAR.com)