Gold Springs Resource Corp. reported the first assays results from the 2022 drill program around the Charlie Ross Resource of its Gold Springs project located in USA, on the border of Nevada and Utah. Highlights include: 1.20 g/t gold equivalent over 10.7 meters and 0.70 g/t gold equivalent over 13.7 meters in hole CR-22-001; 0.77 g/t gold equivalent over 4.6 meters and 0.78 g/t gold equivalent over 3.0 meters in hole CR-22-002; and 2.09 g/t gold equivalent over 3.0 meters and 0.96 g/t gold equivalent over 9.2 meters in hole CR-22-003.

Gold equivalent based on $1,800/oz gold, $25/oz silver and 50% for silver recovery. 2022 Drilling Program: The company has now completed 69 holes totaling 14,942meters of the planned 21,000-meter program. Drilling has targeted the North and South Jumbo resources, the Charlie Ross resource, as well as the Red Light, Snow, and the Horseshoe Extension targets.

The company is currently drilling on the southern extension of the North Jumbo resource and on the undrilled Horseshoe Extension target. Starting early next month, one of the drills will move back to the Snow target to follow up on this new 2022 discovery. Charlie Ross: The discovery hole at Charlie Ross was drilled in 2021 and after 22 holes successfully completed, GRC was able to identify a new resource that was reported in the new Mineral Resource Estimate NI 43-101 Technical Report dated July 11, 2022.

This target is highlighted by a significant CSAMT geophysical anomaly that extends over an area 1100x600 meters and is located just west of the North Jennie target on the edge of the Gold Springs caldera complex. Gold is controlled by north-south trending structural corridors with three possible parallel zones. The Charlie Ross resource is part of a structural zone of the historical Charlie Ross mine that was a producer at the beginning of the 20th century, with one shaft and 400 meters of drifts and stopes.

Visible gold was found in rocks from the dump of this historic mine. Historical reports describe a 53 meters inclined shaft with a 12 meters talc zone containing very high grade gold telluride and sylvanite streaks with bonanza gold grades.