Gold Springs Resource Corp. reports recurring financial, governance and mineral-exploration updates for its public securities, including TSX:GRC and OTCQB:GRCAF. Company releases commonly cover audited and interim consolidated financial statements, MD&A, annual information forms, exploration spending, drilling-related activity, administrative costs, cash balances and net losses.
Operations updates address exploration work and project planning, while annual meeting news documents director elections, auditor appointments and shareholder voting results.
Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) has commenced road and drill pad construction at its Gold Springs project, located on the Utah-Nevada border. This initiative aims to facilitate expansion drilling at the North and South Jumbo resources and test the new high-priority Juniper target. Approximately 100 new drill pads will support about 150 drill holes in total. The company has also completed a geophysical survey, with assay results for identified targets expected in the coming weeks.
Gold Springs Resource Corp. (TSX:GRC, OTCQB:GRCAF) reported its Q2 2020 financial results, highlighting a net loss of $0.23 million, a significant decrease from $11.42 million in Q2 2019. The working capital stood at $3.27 million, with $2.84 million in cash. Despite continuing challenges, general and administrative expenses were reduced from $0.87 million to $0.41 million. Exploration expenses totaled $0.41 million. The company is focused on expanding mineral resources at its Gold Springs project in Nevada and Utah for the remainder of 2020.