Friday 22nd February 2019

Resource Clips

Sandspring reports Guyana Gold Assays including 2.01 g/t over 388.5m

Resource Clips - essential news on junior gold mining and junior silver miningSandspring Resources Ltd TSXV:SSP announced results from its Toroparu gold-copper deposit in Guyana, South America. Assays include

1.26 g/t gold over 21 metres
1.1 g/t over 97.5 metres
2.01 g/t over 388.5 metres
1.15 g/t over 115.5 metres
1.17 g/t over 76.5 metres
2.34 g/t over 148.5 metres (including 18.11 g/t over 4.5 metres)
1.01 g/t over 24 metres
1.09 g/t over 70.5 metres
1.39 g/t over 144 metres
1.2 g/t over 30 metres (including 19.3 g/t over 1.5 metres)
2.68 g/t over 12 metres (including 21.3 g/t over 1.5 metres)
2.07 g/t over 13.5 metres (including 58.4 g/t over 1.5 metres)

VP Exploration Werner Claessens said, “As we approach the end of the 2011 infill drill program, there is good reason to be satisfied with the results. Our understanding of the geological context of the gold/copper mineralization system at Toroparu has been greatly enhanced and we are working hard to complete the geological model for this deposit. It seems obvious these assay results will improve both the quality and size of the resource. Furthermore, we continue to obtain encouraging results from expansion drilling to the southeast of the current resource area, opening the possibility to extend the resource in this direction. The current phase of infill drilling, when complete, will expand total drilling from the 63,614 metres contained in the company’s April 30, 2011, preliminary assessment to approximately 125,000 metres allowing for an update of the resource model, the economics defined in the preliminary assessment, and the definition of a world-class resource that has the potential to be converted to reserve classifications in the upcoming prefeasibility engineering of the project.”

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by Ted Niles

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