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Sandspring Resources Ltd.
Summary
| Project: | Toroparu | |
|---|---|---|
| Deposit: | Sona Hill, Wynamu Hill | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 2/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-2-2017: Sandspring Resources Ltd. announces an Exploration/Drilling Update report for its Sona Hill, Wynamu Hill deposit at the Toroparu project. Drilling results incl. 10.5m @ 39.56g/t Au from 63.0m. Denver, Colorado and Vancouver, British Columbia – | |
| Resources: | (Reserve, P+P): 127.1Mt @ 1.0g/t Au for 4.107Moz Au contained at project | |
| CP/QP: | [Overall Report]: Lucas W. Claessens, Pascal Van Osta (Internal) | |
| ABSTRACT: | Denver, Colorado and Vancouver, British Columbia – Sandspring Resources Ltd. (SSP: TSX-V) (“Sandspring” or the “Company”) is pleased to announce completion of the 2016 exploration program (“2016 Program”) at its measured and indicated 6.9 million ounce resource Toroparu Gold Deposit (“Toroparu”)1 in Guyana, South America. Rich Munson, CEO states: “We are very pleased to have completed the 2016 Program on schedule and within budget and to be able to report both continuing positive results at Sona Hill and the presence of an additional potential satellite deposit at Wynamu Hill. We are further encouraged that these near-surface systems contain areas of higher grade mineralization and remain open at depth and on strike, providing the potential for gold-only satellite deposits in proximity to existing reserves that could have a meaningful impact on the development of Toroparu. Exploration success to the southeast of Toroparu at Sona Hill, to the northwest at Wynamu Hill, and encouraging results from geochemical surveys at Otomung further supports our geologic model for the area, and we expect the detailed evaluation of the results will support further exploration efforts in these areas as well as the other high priority gold features within the 20 km by 7 km regional hydrothermal alteration halo surrounding Toroparu.” | |
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