Gold Springs Resource Corp Stock Price, News & Analysis

Gold Springs Resource Corp. (OTCQB: GRCAF) has outlined its 2022 drilling plans for the White Point target in Nevada, part of the 8000 ha Gold Springs Project. The initiative aims to develop a new resource area adjacent to the Grey Eagle resource. Notable previous drill results from White Point showed significant gold equivalent intercepts, including 36.6 meters at 0.82 gold equivalent. The upcoming program will focus on extending existing gold mineralization north and south, as well as exploring potential parallel systems.

Gold Springs Resource Corp. (OTCQB: GRCAF) announced its 2022 drilling plans for the South Jumbo resource in Utah, part of its 8000 ha Gold Springs Project. Following successful 2021 drilling results, which included significant gold equivalent intercepts, the company is set to drill 12-15 holes to expand its gold resource. The 2021 drilling confirmed the extension of mineralization, and further drilling aims to connect two resource lobes. The initiative is crucial for positioning Gold Springs as an attractive prospect for major mining companies.

Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) announces its 2022 drilling plans at the Charlie Ross target, part of the extensive Gold Springs Project in Nevada-Utah. CEO Antonio Canton expressed enthusiasm for the potential of this new gold discovery, emphasizing the aim to develop new resources after promising drill results from 2021 showing grades exceeding 2 g/t gold equivalent. The drilling program is set to commence at the end of March 2022, with a strategy to explore three identified gold zones: Western, Central, and Eastern.

Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) announced positive assay results from its 2021 drill program at the Charlie Ross target in Nevada, confirming gold mineralization expansion. Highlights include:

• 2.10 g/t gold equivalent over 16.7 meters in hole CR-21-017
• 2.03 g/t gold equivalent over 9.2 meters in hole CR-21-019
• 2.56 g/t gold equivalent over 10.6 meters in hole CR-21-022

The 2022 drilling campaign starts in March, aiming to extend resources and explore five new targets.

Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) has outlined its operational plans for 2022, focusing on enhancing the Gold Springs Project in Nevada and Utah. Key initiatives include a comprehensive drilling program aimed at expanding existing resources and verifying significant new discoveries across multiple targets. The plan features two resource updates scheduled for Q1 and Q4 2022, along with advanced geophysical surveys and strategies for mine permitting. This approach underlines the company's commitment to de-risking future operations while optimizing resource potential.

Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) reported significant drilling results from its Gold Springs project in 2021, completing 18,076 meters across 82 holes. Notable findings include:

• 6.87 g/t gold equivalent over 24.4 meters at Tremor.
• 5.47 g/t gold equivalent over 19.8 meters at South Jumbo.

Executive VP Randall Moore stated the focus for 2022 is on expanding existing resources and advancing the permitting process. The project is located in a favorable mining jurisdiction.

Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) announced positive assay results confirming a significant gold system at the 'White Point' target in Nevada, including highlights of 0.82 g/t gold equivalent over 36.6 meters in hole WP-21-005. The 2021 drilling program resulted in three significant discoveries: 'Tremor' at 1.00 g/t over 163.1 meters, 'Charlie Ross' at 1.17 g/t over 45.7 meters, and 'White Point'. The company plans to update resources in Q1 2022 and resume drilling in March. However, director Robert van Doorn has resigned from the company.

Gold Springs Resource Corp. announced significant results from drill hole J-21-015, reporting an average of 1.0 g/t gold equivalent over 163 meters. This confirms a new Intrusive-Related Gold System (IRGS) at the Tremor target, expanding potential gold resources in the Gold Springs project along the Nevada-Utah border. Highlights include up to 3.26 g/t gold equivalent over 10.7 meters. GRC plans further drilling, awaiting assays from 24 additional holes to enhance resource estimation.

Gold Springs Resource Corp. (OTCQB: GRCAF) announced its financial results for Q3 2021, reporting a net loss of $1.14 million compared to a loss of $0.83 million in Q3 2020. The company held $3.02 million in working capital, including $2.0 million in cash. Exploration expenses increased to $2.44 million from $0.91 million year-over-year. General and administrative costs decreased to $0.53 million from $0.56 million. The company aims to expand resources at its Gold Springs project in Nevada and Utah.