GoldSpring to Hold Investor Day on October 11th at Its Comstock Propertyadmin
GoldSpring, Inc. announced that it will host its first Investor Day at its Comstock property on October 11, 2008 from 10 am to 4 pm pacific time. The Day will consist of a comprehensive tour of its Comstock property, including the Hartford Complex, an overview of its mineral holdings and the property’s geologic setting and a discussion of the Company’s Preliminary Resource Report. The new gold resource estimate, which includes 19 additional drill holes not included in the Company’s June 10, 2008 Preliminary Resource Report, is 510,000 ounces. This is an increase of approximately 30%, or 118,000 gold ounces, from the June report. Telesto Nevada, Inc., an independent engineering company, provided the estimate, and they are completing their formal report for GoldSpring. The Telesto report will be filed in an 8-K with the SEC upon receipt. The presentation will also include a demonstration of the computer modeling of the ore deposit at the Hartford Complex and a barbeque.
The Investor Day will also provide the opportunity to meet management and consultants for GoldSpring. Shareholders and potential investors are invited to attend at 1200 American Flat Road, Gold Hill, Nevada. The Company will be providing directions and general information about the Open House on its web page, http://www.goldspring.us.
“We are very excited about the recent global resource estimate, which showed a substantial increase in resources compared to the June 10th Preliminary Resource Report,” commented Jim Golden, GoldSpring’s Chief Operating Officer. “We are continuing our developmental drilling program at the Hartford Complex and are looking forward to receiving additional assay results. The upcoming Open House provides a great forum to showcase our land position and facility, elaborate on the vast opportunities discussed during our recent presentation in San Francisco, and to meet our investors. This is also a great chance for our investors to witness our progress first-hand.”
GoldSpring, Inc. is a North American precious metals mining company, focused in Nevada, with extensive, contiguous property in the Comstock Lode District. Our Company was formed in mid-2003, and we acquired two properties in the Comstock Lode before the end of the year. We secured permits, built an infrastructure and brought the exploration project into test mining production within a year of its acquisition. The Company, in 2005, began consolidating the Comstock Lode by acquiring additional properties in the district, expanding our footprint and creating opportunities for exploration and mining. We are an emerging company, looking to build on our success through the acquisition of other mineral properties in the Comstock Lode District with reserves or exploration potential. The Company’s objectives are to increase reserves through exploration, expand its footprint in the Comstock, resume mining, optimize its production, and maximize shareholder value.