GoldSpring, Inc. News
GoldSpring's Latest Assay Results Continue to Improve
GOLD HILL, Nev.,
For Hole 2008-03, the assay data reflects mineral content higher than the mineral content encountered by the Company in the first six holes drilled beginning
January 2008 Exploratory Drill Results — Seventh Exploratory Hole, 2008-03: high grade intercepts encountered include feet grading ounces per ton gold, and ounces per ton silver. The hole contained in the interval from 15' to 185' (170') grading 0.068 ounces per ton gold and 1.5 ounces per ton silver
Summary Exploratory Drilling Results Table
The Company's current drilling plan started on Northing 771600. The first three holes drilled in 2008 are located 100 feet and 200 feet north of the mineralized zone established by the Company's four
Drill Hole Fence Intercept Gold Grade Silver Grade (Date and Location in (ounces per (ounces per Number) (Northing) Feet ton Au) ton Ag) Jan. 2008-03 771800N 15'-185' 0.068 1.5 Jan. 2008-02 771800N 35'-55' 0.029 1.27 120'-130' 0.164 1.19 135'-215' 0.033 0.29 245'-275' 0.037 1.29 275'-325' 0.003 1.71 Jan. 2008-01 771700N 30'-65' 0.048 0.90 120'-265' 0.045 1.27 Dec. 2007-04 771600N 50'-60' 0.006 0.09 Dec. 2007-03 771600N 55'-90' 0.031 0.81 Dec. 2007-02 771600N 160'-275' 0.074 0.69 Dec. 2007-01 771600N 65'-135' 0.052 0.64
All of the assays referenced herein and the data derived therefrom have been performed and analyzed by American Assay of Reno, Nevada, a laboratory independent of GoldSpring, utilizing industry standard analytical methods.
About GoldSpring, Inc.
GoldSpring, Inc. is a North American precious metals mining company with extensive, contiguous property in the Comstock Lode District and a fully permitted gold and silver mine. In the Company's relatively short history, it secured permits, built an infrastructure and brought the Comstock Lode project into production. Since 2005, the Company has been acquiring additional properties around its Comstock Lode project in northern Nevada, expanding its footprint and creating opportunities for exploration. The Company's objectives are to optimize production, increase reserves through exploration and acquisitions, expand its footprint in the Comstock, and maximize shareholder value.
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 http://www.goldspring.us Robert T. Faber, President and CEO 480.603.5151 775.847.5272 E-mail: rfaber@goldspring.us
SOURCE GoldSpring, Inc.
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