{"id":1191245,"date":"2020-06-19T12:26:57","date_gmt":"2020-06-19T17:26:57","guid":{"rendered":"https:\/\/www.mining.com\/?p=1027514"},"modified":"2020-06-19T12:26:57","modified_gmt":"2020-06-19T17:26:57","slug":"gold-springs-boosts-resources-stock-rises","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1191245","title":{"rendered":"Gold Springs boosts resources, stock rises"},"content":{"rendered":"

Gold Springs Resource <\/strong>(TSX: GRC) has added more than 100,000 gold-equivalent (AuEq) ounces to the resource estimate for its project located along the Nevada-Utah border, the company announced Friday<\/a>.<\/p>\n

In an updated NI 43-101 resource estimate, the Vancouver-based gold miner has increased the Gold Springs project’s measured and indicated resources to 729,000 oz AuEq at an average grade of 0.63 g\/t. Inferred resources also grew to 104,000 oz AuEq at an average grade of 0.57 g\/t.<\/p>\n

“With the new addition to the resource, Gold Springs is closer to the one-million-ounce mark, which is an important milestone for any gold deposit, particularly for those in mining-friendly and politically-stable jurisdictions like Nevada and Utah,” Gold Springs president and CEO Matias Herrero said.<\/p>\n

Herrero added that “the gold and silver grades at Gold Springs compare very well with other known gold deposits” in the region.<\/p>\n

Additionally, the company has also released an updated preliminary economic assessment for the Gold Springs project, showing an over 66% increase in its after-tax net present value (at a 5% discount rate) from $92.1 million to $153.6 million.<\/p>\n

Shares of Gold Springs Resource — formerly known as TriMetals Mining — rose more than 13.3% by midday Friday. The company’s market capitalization now stands at C$21.1 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Gold Springs Resource rose by 13.3% by midday Friday.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1191245"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1191245"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1191245\/revisions"}],"predecessor-version":[{"id":1191247,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1191245\/revisions\/1191247"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1191245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1191245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1191245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}