Gold Springs Resource Corp. announced a new 2022 discovery on the Snow target of its large Gold Springs project located in USA, on the border of Nevada and Utah. Highlights include: 1.98 g/t gold equivalent over 3.0 meters and 0.70 g/t gold equivalent over 27.4 meters in hole SN-22-002.

Gold equivalent based on USD 1,800/oz gold, USD 25/oz silver and 50% for silver recovery. 2022 Drilling Program: The Company has now completed 65 holes totaling 13,810 meters of the planned 21,000-meter program. Drilling has targeted the North and South Jumbo resources, the Charlie Ross resource, the Red Light and the Snow targets.

GRC is now starting to drill the first-ever holes on the Horseshoe Extension target located between two of the three larger historic producing mines in the district (the Horseshoe and the Homestake mines). The Snow Target: The Snow target is located on the Utah side of the nearly 8000 ha Gold Springs project and is controlled by a parallel structural zone to the Jumbo Trend. Historical workings are located on the southern end of the 3km long north-south Snow fault.

They consist of one mine shaft and several slot cuts that focused on the structural zone, quartz-calcite veins, breccias and stockwork veining and have produced sample results from vein exposures as high as 3.7 g/t gold. The Snow target is very similar to the Jumbo Trend in that two parallel structures, the Snow to the east and the Fitch to the west, create the structural preparation needed to develop areas of gold mineralization.