GSPG news>>GoldSpring Announces 65 Foot Interval of 0.123 Ounces Per Ton Gold and 2.23 Ounces Per Ton Silver at Its Hartford/Lucerne Deposit, Comstock District, Nevada
2009-02-24 14:36 ET - News Release
GOLD HILL, Nev., Feb. 24 /PRNewswire-FirstCall/ -- GoldSpring, Inc. announced today the assay results of 10 infill drill holes with high concentrations of gold and silver, specifically in drill holes: RC-102, with a 65-foot interval at 0.123 ounces per ton of gold and 2.23 ounces per ton of silver; and RC-104 with a 115-foot interval at 0.091 ounces per ton of gold and 1.98 ounces per ton of silver.
The 10 drill holes, RC-102 thru RC-111, are located in the central portion of the Hartford/Lucerne Complex in the Comstock District of Nevada.
Larry Martin, GoldSpring's Chief Geologist, said: "These 10 drill hole results are characterized by long contiguous intervals of gold and silver mineralization, which illustrate the deposit's continuity and expansion at Lucerne/Hartford. The long runs of gold and silver mineralization are punctuated by drill holes RC-103, RC-104, RC-107 and RC-109."
The high-grade mineralization of drill hole RC-102 are contrasted in depth and mineral concentration from a 35 foot interval beginning at the surface grading 0.081 ounces per ton gold and 2.28 ounces per ton silver and an 120 foot interval starting at a 170 feet below the surface grading 0.047 ounces per ton of gold.
Table 1
New Drill Result Highlights, Lucerne Pit, Comstock District Nevada
Significant intercepts calculated using 0.010 ounces per ton gold cut-off.
Hole ID From To Length Gold Gold Silver Silver
(feet) (feet) (feet) (ounces (grams (ounces (grams
per Ton) per per Ton) per
Tonne) Tonne)
RC-102 0 35 35 0.081 2.77 2.28 105.5
170 290 120 0.047 1.62 0.55 18.9
Including 185 220 35 0.120 4.09 0.78 26.7
325 390 65 0.123 4.21 2.23 84.5
RC-103 0 180 180 0.034 1.15 0.83 28.5
Including 60 85 25 0.123 4.19 2.10 72.0
RC-104 0 190 190 0.057 1.95 1.17 40.1
Including 75 190 115 0.091 3.12 1.98 67.7
RC-105 235 245 10 0.052 1.78 0.47 16.2
RC-106 15 50 35 0.017 0.59 0.49 16.7
130 140 10 0.019 0.63 0.33 11.3
RC-107 115 225 110 0.028 0.97 0.27 9.1
Including 125 165 40 0.058 1.98 0.33 11.4
RC-108 125 145 20 0.019 0.65 1.34 45.8
200 215 15 0.047 1.62 0.74 25.5
250 265 15 0.027 0.92 0.87 29.8
310 400 90 0.022 0.75 1.05 35.9
RC-109 0 100 100 0.040 1.37 0.71 24.3
Including 65 95 30 0.102 3.48 0.80 27.2
RC-110 90 105 15 0.039 1.32 0.47 16.2
120 130 10 0.024 0.80 0.14 4.9
140 160 20 0.028 0.97 0.12 4.2
320 340 20 0.043 1.46 0.70 2.5
RC-111 0 40 40 0.049 1.66 1.52 51.9
105 190 85 0.029 0.98 0.50 16.9
205 220 15 0.039 1.32 0.23 7.7
As reported to GoldSpring, all drill samples were collected following standard industry practice and were assayed by American Assay Laboratories, Inc. of Sparks, Nevada. Gold results were determined using standard fire assay techniques on a 30 gram sample with an atomic absorption finish. QA/QC included the insertion of numerous standards and blanks into the sample stream. Check assays and preliminary cyanide amenability testing is underway. All intercepts are reported as drilled using 0.010 ounces per ton gold cut-off; true widths have not been determined. All data, as reported to the Company and disclosed in this press release including sampling, analytical and test data have been reviewed by the Company's qualified person Mr. Jim Golden, GoldSpring's Chief Operating Officer.