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GSPG (.0158) GoldSpring Announces Best Drill Results to Date PR Newswire    "US Press Releases "
GOLD HILL, Nev., April 1, 2008 /PRNewswire-FirstCall/ -- GoldSpring, Inc. (OTC Bulletin Board: GSPG) announced today positive third-party assay results for exploratory drill holes 2008-06 and 2008-07. The drill holes are highlighted by gold assay grades exceeding 1.5 ounces per ton gold and 1.25 ounces per ton silver (Hole 2008-06 260'-265'). These holes are a continuation of the phase one drilling program located at the Hartford Complex in the Comstock Lode District of Nevada .
Jim Golden, GoldSpring's Chief Operating Officer, stated, "The third-party assay results from exploratory holes 2008-06 and 2008-07 identify the highest grades of gold we have seen since beginning our drilling program at the Hartford Complex in December 2007 ."
-- Drill Hole 2008-06 encountered low grade precious metals from near the
surface to a depth of 100 feet, where the ore zone contains
three hundred and eighty feet (20'-400') grading 0.109 ounces per
ton gold and 0.66 ounces per ton silver. The ore zone includes
95 feet (260'-355') grading 0.521 ounce per ton gold and 1.09 ounces
per ton silver.
-- Drill Hole 2008-07 contained 90 feet (175'-265') grading 0.043 opt
gold and 0.47 opt silver, followed by 65 feet (285'-350') grading
0.076 opt gold and 1.28 opt silver.


Golden continued, "We have drilled 31 exploratory drill holes to date, and received third-party assay results for the first 11 drill holes. Therefore, we are waiting for results from the balance of the 20 holes. We have begun to define the ore body's size and quality with help from third-party consultants, TechBase and Telesco Engineering. The initial reserve mineralization calculation for the first 11 exploratory holes is very encouraging. We are on track to complete our 43-101 reserve report by late spring, with mining production scheduled to commence shortly thereafter."
Summary Exploratory Drilling Results Table
The Company's current drilling plan started on Northing 771600. The first seven holes drilled in 2008 are located 200 feet north of the mineralized zone established by the Company's four December 2007 exploratory drill holes. The Company intends to publicly release third-party assayed data on all exploratory drills as results are received. To date, the Company's phase one drilling program results are summarized in the table below.


Drill Hole Fence Location Intercept in Gold Grade Silver Grade
(Date and (Northing) Feet (ounces per (ounces per
Number) ton Au) ton Ag)
2008-07 771800N 175'-265' 0.043 0.47
285'-350' 0.076 1.28
2008-06 771800N 20'-400' 0.109 0.66
2008-05 771800N 10'-25' 0.054 1.74
115'-320' 0.118 1.32
325'-350' 0.030 .020
2008-04 771800N 40'-55' 0.037 0.17
85'-150' 0.06 1.04
2008-03 771800N 15'-185' 0.068 1.5
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
2008-01 771700N 30'-65' 0.048 0.90
120'-265' 0.045 1.27
2007-04 771600N 50'-60' 0.006 0.09
2007-03 771600N 55'-90' 0.031 0.81
2007-02 771600N 160'-275' 0.074 0.69
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 [phone]
Fax [phone]
http://www.goldspring.us

Robert T. Faber, President and CEO
480.603.5151
775.847.5272
E-mail: [e-mail]

SOURCE GoldSpring, Inc.