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GoldSpring Announces the Results of Six Exploration Drill Holes That Include a 30 Foot Interval Grading 0.209 Ounces Per Ton Gol
GOLD HILL, Nev., April 15 /PRNewswire-FirstCall/ -- GoldSpring, Inc. (OTC Bulletin Board: GSPG) is pleased to announce the results from six (6) exploration drill holes located one and a half miles southeast of the current GoldSpring's development resource area. Drill hole SV09-05 intersected multiple mineralized zones concealed beneath the pediment, including a thirty (30) feet zone of 0.209 ounces per ton gold and 0.992 ounces per ton silver starting at a depth of forty (40) feet. The southern exploration program was designed to demonstrate the potential to locate other valuable precious metals areas on GoldSpring property.
Jim Golden, GoldSpring's COO states, "Drill hole SV09-5 is a discovery hole as it intersects significant gold and silver mineralization that had no surface expression and was buried by pediment cover. This area will be targeted for additional exploration drilling to better define the mineral potential."
Drill hole SV09-5 is supported by the other five (5) drill holes listed in the table below. Each of the six (6) drill holes were positioned to teat a variety of surface geo-chemical anomalies and pediment covered areas. The multiple zones of gold mineralization identified will require additional exploration evaluation.
Gold Gold Silver Silver From To Length (ounces (grams per (ounces (grams Hole Id (feet) (feet) (feet) per Ton) Tonne) per Ton) per Tonne)
SV09-01 270 280 10' .023 .788 .111 3.800 SV09-02 5 30 25' .013 .438 .141 4.840 105 125 20' .028 .959 .034 1.175 SV09-03 125 135 10' .016 .547 .048 1.643 SV09-04 35 40 5' .058 1.986 .140 4.800 405 420 15' .031 1.061 .091 3.116 SV09-05 40 70 30' .209 7.169 .992 33.983 70 160 90' .015 .512 .217 7.433 350 425 75' .016 .559 .124 4.253 465 490 25' .014 .466 .108 3.700 SV09-06 235 290 55' .022 .738 .287 9.818 275 290 15' .026 .879 .192 6.567
As reported to GoldSpring, all drill samples were collected following standard industry practice and were assayed by American Assay Laboratories, Inc. of Sparks, Nevada. Gold results were determined using standard fire assay techniques on a 30 gram sample with an atomic absorption finish. QA/QC included the insertion of numerous standards and blanks into the sample stream.
All data, as reported to the Company and disclosed in this press release including sampling, analytical and test data have been reviewed by the Company's qualified person Mr. Larry Martin, Certified Professional Geologist.
About GoldSpring, Inc.
GoldSpring, Inc. is a North American precious metals mining company, focused in Nevada, with extensive land holding in the Comstock Gold-Silver District of Nevada. The Company has defined an initial resource at the Hartford deposit and has secured several of the key mining permits required to develop the project. The Company is currently engaged in an aggressive exploration program to define the extent of the Hartford Deposit, assess other key exploration targets on its large land package and push the project toward production. The high-grade nature of the bulk tonnage Hartford deposit and its favorable configuration has positioned the Company to become a new gold-silver producer in the future.
Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We may use certain terms on this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10-KSB which may be secured from us, or from the SEC's website at
Filings & Forms.
The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by GoldSpring) contains statements that are 'forward-looking,' as defined in Section 21E of the Securities Exchange Act, such as statements relating to the future anticipated direction of the high technology and energy industries, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, mining capability and potential contracts. Such forward-looking information involves important risks and uncertainties, which include the risk factors disclosed in our most recent filings with the U.S. Securities and Exchange Commission, that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of GoldSpring.
These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. These and other factors, which could cause actual results to differ materially, are discussed in more detail in GoldSpring's filings with the Securities and Exchange Commission. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'should,' 'will,' and 'would' or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Contact information for GoldSpring, Inc.: P.O. Box 1118 Virginia City, NV 89440 Tel 775.847.5272 Fax 775.847.4762
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Robert T. Faber, President and CEO 480.603.5151 775.847.5272 E-mail:
DATASOURCE: GoldSpring, Inc.
CONTACT: Robert T. Faber, President and CEO of GoldSpring, Inc.,
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