North Springs Resources Receives Initial Sampling Results from Imperial Property in Nevada
06 2월 2012 - 11:00PM
Marketwired
North Springs Resources Corp. (OTCBB:NSRS)(PINKSHEETS:NSRS) (the
"Company" or "North Springs") is pleased to announce that it has
received initial sampling results from phase one exploration
conducted at the Imperial Gold Silver Property, located about 13
miles south of South Peak, Nevada, in the Railroad Springs Mining
District (the "Imperial Property"). Initial results include gold
assays from underground workings and one geochemical target.
Geochemical analysis was conducted by ALS Chemex, an independent
third-party laboratory in Reno, Nevada. Additional test results for
silver content are expected to be received later this week.
"Results of phase one sampling of the underground workings at
the historic Imperial Mine site are back from the lab and the
results are extremely positive - testing showed gold in every
sample taken," stated Harry Lappa, President of North Springs.
"These results help confirm historic data and are excellent in
their own right, but only represent gold content. We anticipate
similarly positive results for silver content later this week."
In the western portion of the Imperial Property, high-grade gold
and silver vein targets were sampled at the old Imperial Mine
workings to confirm historic results. Several samples were
collected over 200 feet in the Upper Adit and over 460 feet in the
Lower Adit. In the Upper Adit, five (5) samples were taken across
the ceiling perpendicular to the exposed vein from 10 to 210 feet
from the portal. Testing confirmed the presence of gold in all
samples, ranging from 0.055 to 0.429 oz/ton. The results of the
sampling of the Imperial Upper Adit are listed below.
Imperial Project Upper Adit Vein Sampling
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Sample Distance From Sample Width True Width Gold Gold
Number Portal (feet) (feet) (feet) (oz/ton) (g/t)
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IUU 10 10 6 6 0.059 2.02
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IUU 65 65 5 5 0.378 12.95
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IUU 93 93 4 4 0.127 4.34
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IUU 128 128 5 5 0.429 14.70
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IUU 210 210 6 6 0.055 1.88
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In the Lower Adit, six (6) samples were taken from 50 to 510
feet from the portal. Testing confirmed the presence of gold in all
samples, ranging from 0.028 to 0.558 oz/ton. The results of the
sampling of the Imperial Lower Adit are listed below.
Imperial Project Lower Adit Vein Sampling
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Sample Distance From Sample Width True Width Gold Gold
Number Portal (feet) (feet) (feet) (oz/ton) (g/t)
--------------------------------------------------------------------------
IUL 50 50 4 4 0.046 1.58
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IUL 90 90 5 5 0.072 2.47
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IUL 137 137 4 4 0.247 8.46
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IUL 250 250 6 6 0.028 0.97
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IUL 430 430 4 4 0.558 19.10
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IUL 510 510 6 6 0.032 1.08
--------------------------------------------------------------------------
In addition, gold results from seventeen (17) surface samples
taken from the Resource Target area have been received. Samples
were taken of altered and silicified rocks to determine the extent
of anomalous gold and associated elements and will be used to
identify the extent of a possible drilling target(s). Sampling has
identified an open-ended target over 800 feet long at surface.
Thirteen (13) out of seventeen (17) samples returned anomalous gold
values ranging from 0.11 to 0.62 g/t. The area is largely gravel
covered and further exploration will require trenching and/or
drilling to properly define the total extent of the surface gold
anomaly along the observed and implied target zone. The gold
results of the sampling at the Imperial Resource Target area are
listed below.
Imperial Project Resource Target Surface
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Sample Sample Sample Width Gold
Number Description (feet) (g/t)
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IS 1 Gossanous silicified siltstone
outcrop Grab 0.62
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IS 2 less than
Gossanous jasperoid outcrop 6 foot channel 0.05
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IS 3 Gossanous jasperoid float Grab 0.29
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IS 4 Gossanous jasperoid outcrop 6 foot channel 0.11
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IS 5 Partly silicified limestone
outcrop 4 foot channel 0.15
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IS 6 Gossanous jasperoid float Grab 0.22
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IS 7 Partly silicified bleached
siltstone float Grab 0.11
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IS 8 Gossanous jasperoid outcrop 3 foot channel 0.11
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IS 9 Gossanous jasperoid subcrop Grab 0.22
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IS 10 Partly silicified bleached less than
siltstone subcrop Grab 0.05
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IS 11 Partly silicified bleached
siltstone subcrop Grab 0.11
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IS 12 Gossanous jasperoid breccia less than
subcrop Grab 0.05
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IS 13 Partly silicified bleached less than
siltstone subcrop Grab 0.05
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IS 14 Gossanous jasperoid subcrop Grab 0.07
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IS 15 Gossanous jasperoid subcrop Grab 0.40
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IS 16 Gossanous jasperoid float Grab 0.11
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IS 17 Jasperoid breccia outcrop 6 foot channel 0.51
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Mr. Lappa continued, "Results from the Resource Target were
similarly positive with over 75% of the samples returning anomalous
gold values. But this only scratched the surface of the potential
of this property at depth and along the open-ended 800 foot target
area. I look forward to getting underground at this zone as soon as
possible."
The Imperial Property consists of 24 unpatented mineral claims
covering approximately 480 acres and includes the historic workings
of the high-grade Imperial Mine. Previous exploration has
identified four high-priority target areas at the Imperial
Property; Imperial Fault Target, Jasperoid Breccia Target, IP
Target, and Resource Target. The phase one exploration plan for the
Imperial Property outlines a four month $250,000 exploration
program that will include geochemical and environmental studies,
followed by a reverse-circulation drilling program intended to test
previously identified mineralized zones and potentially increase
the 50,000 ounce gold resource estimate made by previous
operators.
Further updates regarding the Imperial Gold/Silver Property and
other North Springs projects will be made as additional information
becomes available.
About North Springs Resources Corp.
North Springs Resources Corp. is focused on the evaluation,
acquisition, exploration, and development of mineral resource
properties. The Company is led by a skilled and experienced
management team and independent consulting geologists with many
years of experience. North Springs is committed to creating value
for its shareholders by advancing its current holdings and by
acquiring new properties with significant potential.
For additional information, please visit
www.northspringsresources.com.
Harry Lappa, President
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Contacts: LiveCall Investor Relations for North Springs
Resources Corp. Gerry Belanger, Investor Contact (201)
984-5646info@northspringsresources.com
www.northspringsresources.com
North Springs Resources (CE) (USOTC:NSRS)
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North Springs Resources (CE) (USOTC:NSRS)
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