Photos of Zone of Primary Exploration in the southern Comstock, south of village of Gold Hill, Nevada.
GoldSpring, Inc. Press Release On Tuesday May 18, 2010:
"GoldSpring Announces Behre Dolbear NI 43-101 Report on the Comstock Mine Project, Validating Gold Equivalent Measured and Indicated Resources of 770,000 Ounces and Inferred Resources of 147,000 Ounces.
the highlights of a National Instrument 43-101 (NI 43-101) technical report authored by Behre Dolbear & Company (USA) Ltd ("Behre Dolbear"), of Denver, Colorado. The report stated a mineral resource estimate for the Comstock Mine Project in Storey County, Nevada, containing gold equivalent Measured and Indicated Resources of 770,000 ounces(1). The report also included an estimate of Inferred gold equivalent resources totaling an additional 147,000 ounces.
12,761,000 Tons Au
0.030 avg (opt) AU
0.384 avg (opt) Ag
383,000 (ounces) Total Au
4,900,000 (ounces) Total Ag
10,152,000 Tons Au
0.025 avg (opt) AU
0.353 avg (opt) Ag
254,000 (ounces) Total Au
3,584,000 (ounces) Total Ag
Total Measured and Indicated (i)
22,913,000 Tons Au
0.028 avg (opt) AU
0.370 avg (opt) Ag
637,000 (ounces) Total Au
8,484,000 (ounces) Total Ag
6,613,000 Tons Au
0.018 avg (opt) AU
0.244 avg (opt) Ag
122,000 (ounces) Total Au
1,612,000 (ounces) Total Ag
The Comstock Mine Project consists of over 4,250 acres of active lode mining claims in the Comstock Lode Mining District, with the bulk of the exploration drilling in the Billie the Kid and Lucerne Pit areas. The project includes the Comstock Mine (formerly known as the Plum Mine), an existing open pit gold and silver mine, and heap leaching facility, which will be refurbished to accommodate new ore. The resource estimate was derived from nearly 700 reverse circulation ("RC") holes, drilled by the Company and its predecessors through early 2009.
"Because of the Comstock's historic significance and its world-class bonanza precious metal grades, the geology is well known and has been studied in detail by many researchers," stated Behre Dolbear. "Our geological team's detailed, quality planning and analysis of existing historical data and targeted exploration drilling has significantly enhanced our understanding of the Comstock's geology," stated Corrado De Gasperis, Chief Executive Officer of the Company.
Mr. De Gasperis continued, "The results of this report exceeded our initial expectations both in terms of resource and progress towards mining operations. This technical validation is another step in our plan to commence commercial mining and processing operations by early 2011, and to validate qualified resources (at least measured and indicated) and reserves (proven and probable) totaling 3,250,000 gold equivalent ounces by 2013."
This press release may contain forward-looking statements...[balance at
GoldSpring, Inc., Virginia City, Nevada USA"