North Springs Resources Corp., focused on the evaluation, acquisition, exploration and development of mineral resources properties, today announced it has completed its operational budget for phase 1 exploration at the Imperial Gold/Silver Property in Nevada, with expenditure estimates to exceed $250,000 in 2012.
“After analyzing all of the available data, we remain convinced that the Imperial Property has high-impact near-term potential and we will move quickly to further its development,” Harry Lappa, president of North Springs stated in the press release. “We plan to carry out an extensive exploration program, including a 900 sample geochemical survey and 4,000 feet of RC drilling at several high priority targets already identified on the property. I hope to announce a start date for the program shortly.”
The Imperial Gold/Silver Property consists of 24 unpatented mineral claims spanning approximately 480 acres.
The four-month exploration program will include geochemical and environmental studies, and a reverse-circulation (RC) drilling program to test previously identified mineralized zones, which the company says potentially could increase the 50,000 ounce gold resource estimate made by previous operators.
North Spring said previous operators have identified several high-grade gold occurrences and historical drilling of these targets, which showed “very promising” results.
For more information visit www.northspringsresources.com
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