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Gold Springs Resource Corp. 2021 Drilling Results Highlights

VANCOUVER, BC / ACCESSWIRE / January 14, 2022 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the "Company" or "GRC"), completed in 2021 a total of 18,076 meters of drilling in 82 holes at Gold Springs, its 8,000 ha project located in the USA, …

VANCOUVER, BC / ACCESSWIRE / January 14, 2022 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the "Company" or "GRC"), completed in 2021 a total of 18,076 meters of drilling in 82 holes at Gold Springs, its 8,000 ha project located in the USA, on the border of Nevada and Utah, which produced these significant results:

"Tremor" Drilling result Highlights:

  • 6.87 g/t gold equivalent over 24.4 meters, which included
    30.90 g/t gold equivalent over 4.6 meters, and
    0.59 g/t gold equivalent over 82.3 meters in hole J-21-006
    (for details on hole J-21-006, please refer to the Company's press release dated September 7, 2021).
  • 1.42 g/t gold equivalent over 33.5 meters within the vein, which includes,
    3.26 g/t gold equivalent over 10.7 meters within the vein, and
    0.94 g/t gold equivalent over 123.5 meters within the intrusive and contact zone in hole J-21-015
    (for details on hole J-21-015, please refer to the Company's press release dated December 3, 2021).

"North Jumbo" Drilling result Highlights:

  • 2.60 g/t gold equivalent over 3.1 meters in hole J-21-001 and
    4.46 g/t gold equivalent over 1.6 meters in hole J-21-001
    (for details on hole J-21-001, please refer to the Company's press release dated July 5, 2021).

"South Jumbo" Drilling Result Highlights:

  • 5.47 g/t gold equivalent over 19.8 meters in hole E-21-012;
  • 1.70 g/t gold equivalent over 9.1 meters in hole E-21-004;
  • 0.56 g/t gold equivalent over 16.8 meters in hole E-21-016
    (for details on holes E-21-004 and E-21-012, please refer to the Company's press release dated July 5, 2021;
    for details on hole E-21-016, please refer to the Company's press release dated September 7, 2021).

"Charlie Ross" Drilling result Highlights:

  • 1.17 g/t gold equivalent over 45.7 meters, which includes,
    2.56 g/t gold equivalent over 15.2 meters in hole CR-21-005;
  • 1.26 g/t gold equivalent over 15.3 meters, which includes,
    2.24 g/t gold equivalent over 9.2 meters in hole CR-21-008
    (for details on holes CR-21-005 and CR-21-008, please refer to the Company's press release dated October 19, 2021)

*Gold Equivalent (AuEq) based on $1,800/oz gold and $25/oz Ag

Randall Moore, Executive Vice President of Exploration, stated: "2021 has been an exciting year where we made new discoveries on several of our 33 targets, especially a significant one at "Tremor". We are very pleased with the progress we achieved at Gold Springs this past year. Our goal for 2022 is to increase the size of our 4 existing resource areas and to identify new ones with an aggressive drill program. In parallel, we will be completing baseline studies and moving the permitting process forward to de-risk the project. In the coming weeks we hope to receive the last 22 assays from our 2021 program:

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Gold Springs Resource Corp. 2021 Drilling Results Highlights VANCOUVER, BC / ACCESSWIRE / January 14, 2022 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the "Company" or "GRC"), completed in 2021 a total of 18,076 meters of drilling in 82 holes at Gold Springs, its 8,000 ha project located in the USA, …

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