On Wednesday, North Springs Resources Corp. outlined the proposed exploration work program for the North Springs Gold Property located in the prestigious Mineral Ridge Mining District of Nevada. The recommended $500,000 work program will focus on a number of untested gold targets. These include disseminated mineralization, high-grade shear zones, and feeder veins similar to those that have been open-pit mined by several companies at other Mineral Ridge gold deposits in the area.
The proposed detailed work program for the North Springs Gold Property includes North Springs working to permit an initial 10-hole reverse circulation drilling program to test known gold mineralization on the property, and additional detailed mapping and geochemical sampling of the probable mineral targets to better define surface extent and orientation of the gold anomalies. It also includes gridline soil geochemical sampling in the Roadrunner Target area and in that portion of the Coyote Summit Target which is on pediment (shallow bedrock).
The work program also includes gridline bio-vegetation sampling in that portion of the Coyote Summit Target area, which extends southwesterly under alluvial (transported) soil cover, and limited magnetic and possible Induced Polarization (IP) and CSAMT geophysical surveys or profiles over the primary defined target areas to establish three-dimensional extent of sulfide mineralization. In addition, the work program includes exploring the lands adjacent to the North Springs Gold Property Area and potentially acquiring available new claims, and evaluating all data compiled and preparing a new Technical Report for the North Springs Gold Property.
The North Springs Gold Property has the potential to host lenticular, low-angle, disseminated gold and high-grade vein systems similar to those presently being mined in the nearby Mineral Ridge Mine of Scorpio Gold and Golden Phoenix, Inc. Based on the present level of investigation and sampling, the primary target areas worthy of additional exploration are the “Roadrunner” and “Coyote Summit” mineral targets, as defined by historical workings and the present mapping and sampling efforts. A number of possible additional “feeder-vein” structures have also been identified on the project lands that have undergone limited sampling and also warrant follow-up.
Mr. Harry Lappa, President of North Springs Resources, stated, “We have well defined drill targets based on already completed field work providing excellent potential for the discovery of a significant gold deposit at the North Spring Gold Property. The proposed drill targets include high-grade free-visible gold mineralization exposed at surface which appears to be a stacked series of mineralized shear zones that could provide an attractive open-pit target. We will also test several locations with gold bearing veins exposed in old workings. The Company will continue to evaluate this work program, as well as review other potential mining opportunities prior to finalizing our exploration plans in the next few days.”
Headquartered in Reno, Nevada, North Springs Resources focuses on the evaluation, acquisition, exploration, and development of mineral resource properties. The Company is presently in the evaluation and acquisition phase of operations. North Springs Resources is led by a skilled and experienced management team and independent consulting geologists with many years of experience. The Company’s commitment is to creating value for their shareholders by advancing their current holdings and by acquiring new properties with significant potential.
For more information visit www.northspringsresources.com
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