PRECIOUS METALS

Gold Springs cracks 1Moz M&I resource mark

Gold Springs’ namesake project on the border of Nevada and Utah, USA, has cracked the 1 million gold-equivalent ounces mark for measured and indicated resources in a new mineral resource estimate.

Gold Springs cracks 1Moz M&I resource mark

The measured resource stands at 548,071oz AuEq, the indicated at 456,932oz AuEq, and inferred at 144,379oz AuEq.

Gold Springs' president and CEO Antonio Canton said the 1 million oz AuEq mark is the first of the company's major milestone objectives.

"Our team is now focused on the 2022 drilling programme to reach the 2nd milestone, as we have planned a new resource update and PEA for the end of the year. Our goal is to reach within the next two years the 3rd milestone and complete the mine permitting process," he said.

Gold Springs' executive vice president for exploration Randall Moore noted that the project covers about 8,000 hectares with 33 "high-potential"" gold targets, six of which host the current resource estimate and cover 15% of the property.

"I believe Gold Springs will get more and more attention from major mining companies as the resource continues to grow," he said.

Gold Springs is in the Great Basin of Western USA.

Gold Springs share price was quoted as C$0.18 (US$0.14) on June 14. The company has a market capitalization of C$45.76 million.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.