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Gold Springs Resource Corp.

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Summary

Project:

Gold Springs

Deposit:Homestake
Location:United States
Commodities:Gold-Silver
Date:1/7/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:7-1-2020: Gold Springs Resource Corp. announces an Exploration/Drilling Update report for its Homestake deposit at the Gold Springs project. Drilling results incl. 6.1m @ 21.88g/t Au, 69.25g/t Ag from 18.3m. Gold Springs Resource Corp. (TSX: GRC, OTCQB: G
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Randall Moore (Internal)
ABSTRACT:Gold Springs Resource Corp. (TSX: GRC, OTCQB: GRCAF) (the “Company” or “GRC” and formerly TriMetals Mining Inc.) announces drill results from the 2019 Homestake drill program including 6.1 metres @ 21.88 g/t Au and 69.25 g/t Ag and 71.6 metres @ 0.712 g/t Au and 1.91 g/t Ag from hole HS-19-007. The Homestake target is located within the Nevada portion of the Gold Springs project. Hole HS-19-007 was drilled in the area of historic mining and is believed to have intersected one of the productive mineralized shoots within the Homestake system. In addition to the highgrade results from hole HS-19-007, hole HS-19-012 intersected three stacked vein systems returning values of 4.23 g/t Au and 2.5 g/t Ag over 3 metres in the upper vein and 1.12 g/t Au and 4.0 g/t Ag over 3 metres in the middle vein and 1.31 g/t Au and 8.5 g/t Ag in the lower vein. The mineralized interval across the three veins totaled 38.1 metres @ 0.63 g/t Au and 2.6 g/t Ag. Hole HS-19-012 is located 380 metres south of HS-19-007. In total, GRC drilled 1,856 meters in 14 holes covering 600 metres of strike length at Homestake. Other holes returned spotty, lower-grade intercepts or failed to intersect significant mineralization. A complete summary of the mineralized intercepts is listed below.

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