Gold Springs Resource (TSX: GRC) (OTCQB: GRCAF) is a growth-focused mineral exploration company advancing the district-scale Gold Springs gold project situated in mining friendly Nevada and Utah, one of the best mining jurisdictions in the world.
Gold Springs has a PEA with robust-economics plus a vast number of drill targets in one-of-a-kind land package, revealing potential for significant growth, and it’s in one of the best mining jurisdictions in the world:
Positive PEA with an NPV5% US$153.6 M and IRR 38.9% (Both After tax) using a $1,450 Gold price and $16 silver price.
Low pre-production CapEx of US$83.5M and a Low Strip Ratio of 1.6 to 1.
Significant Leverage to Gold Price. A $1,600 gold price yields an NPV5% US$201M (After tax) in sensitivity analysis.
Target-rich property with 32 drill-target areas – all outcrop, with gold resources in 4 of them.
Large-land position – 4 historical mining districts consolidated into 1 property.
Mining friendly, geo-politically stable, prolific Great Basin of western U.S.