Gold Springs Resource Corp.’s (TSX:GRC) (OTCQB:GRCAF) 2022 drilling programme will return to “Homestake”, with the objective to offset the 2019 significant high-grade discovery hole and to demonstrate its important potential.
This target is in the Nevada portion of the large Gold Springs Project, where the historical Homestake mine operated at the end of the 19th and beginning of the 20th century.
“We are excited to have the opportunity, with our 2022 drilling programme, to offset the discovery high-grade hole HS-19-007 which intercepted 6.1 m of 22.88 g/t gold equivalent within the vein system and 71.6 m of 0.74 g/t gold equivalent in a second zone related to stockwork veining and breccias,” Executive Vice President of Exploration, Randall Moore, said.
“Drilling will focus on following the high-grade portion of the vein as well as the much thicker interval which has the same characteristics of our current resources. Homestake will be part of an aggressive program to outline gold mineralisation found there and at White Point, Grey Eagle and Iris. These four targets form a gold belt stretching for over 1,200 m.
“Homestake” is located 500 m east of the Grey Eagle resource and is part of the overall Homestake-Iris vein system, which is characterized by a set of north-south trending high-grade gold veins with opposing dips.”
The Homestake veins are two parallel, stacked veins that dip shallowly (45-55°) to the west, while the Iris vein, 200 meters to the west, is dipping steeply (75-85°) to the east. Vein widths vary but are generally two to four m wide as exposed in the historical mine workings. The Homestake veins can be traced for 650 m along strike and become obscured by post mineral cover to the north and south.
Rock chip samples collected from the Homestake veins show values ranging from 3.5 g/t to 14.4 g/t gold and from 21.1 to 48.3 g/t silver along the 650 meters of exposure. Samples from trenching of the Iris vein ranged from 1.62 to 17.8 g/t gold and 6.6 to 25.2 g/t silver.
For further information please visit: https://goldspringsresource.com/
