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Gold Springs Resource Corp.

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Summary

Project:

Gold Springs

Deposit:Gold Springs
Location:United States
Commodities:Gold
Date:6/22/2020
Report Code:NI43-101
Report Type:PEA
Project Stage:Pursuing Resource Increase/Upgrade
Report details:22-6-2020: Gold Springs Resource Corp. announces a PEA report for its Gold Springs deposit at the Gold Springs project. Updated PEA results incl. post-tax NPV (5%) of US$153.6M & IRR of 38.9%. June 19, 2020, Vancouver, British Columbia— Gold Springs Resou
Resources:(Resources, M+I): 35.657Mt @ 0.53g/t Au, 9.4g/t Ag
CP/QP:[Overall Report] Terre Lane, Todd Harvey, Kurt Katsura (Global Resource Engineering Ltd.,Independent)
ABSTRACT:June 19, 2020, Vancouver, British Columbia— Gold Springs Resource Corp. (TSX: GRC, OTCQB: GRCAF) (the “Company” or “GRC”), is pleased to announce that it has completed a NI-43-101 resource estimate update and a preliminary economic assessment update (the “2020 PEA”) for the Gold Springs project located along the Nevada-Utah border in the United States of America. All dollar amounts in this press release are stated in U.S. currency The new mineral resource estimate (the “2020 Resource”) is an update from the 2017 mineral resource estimate (the “2017 Resource”) to mainly incorporate the drilling information of the 2017 drill program conducted at the South Jumbo deposit (also referred to as “Etna”). As in the previous estimate, the 2020 Resource includes the North Jumbo (also referred to as Jumbo) and South Jumbo deposits, located on the Utah side of the Gold Springs project, and the Thor and Grey Eagle deposits located on the Nevada side.

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