North Springs Resources to Release Exclusive Video of Recon Conducted at Multiple Historic Mining Operations within Three Mil...
February 07 2012 - 9:00AM
Marketwired
North Springs Resources Corp. (OTCBB:NSRS)(PINKSHEETS:NSRS) (the
"Company" or "North Springs") is pleased to announce that it
anticipates releasing exclusive video detailing reconnaissance
conducted at the sites of multiple historic mining operations
located within three miles of the Company's 20% owned Goldstar/One
Arm Joe Gold Project (the "Goldstar Property" or "Goldstar") in
Arizona. The new video is expected to be available for viewing on
Wednesday, February 8, 2012 at the Company's website at
www.northspringsresources.com.
"Recent reconnaissance work around the Goldstar Property has
really paid off, as we were able to get a firsthand look at
multiple past producing mines located very close by. The visual and
geological similarities between the Goldstar and these local mines
are extremely significant," stated Harry Lappa, President of North
Springs Resources. "The main focus of the video will be our visit
to the Camp B Mine, a former gold, silver, and copper producer
located only 2.5 miles away. The Camp B Mine averaged 0.8-1.5 oz.
gold per ton during its productive years and contains several
enormous work sites including a 60 foot tall 30,000 ton pile of
tailings and three 300+ foot mine shafts, which have been connected
by more than 1,200 feet of tunnels. Known Camp B Mine veins were
more than 4,000 feet in length and had a width of 3-12 feet at the
surface, although it was claimed to be as wide as 30 feet at depths
of 300 feet or more. Much of the vein can be seen by the naked eye
at the surface spanning up to 1,000 feet long. Our evaluation of
the local mines and the available data indicates very strongly for
the potential of a major gold discovery at Goldstar."
The original video contains new footage of reconnaissance
conducted at the Camp B Mine, the Unida Mine, and the King Solomon
Mine, all of which were productive mining operations in the early
1900s. Commentary for the video is provided by a local miner with
more than 30 years of experience in the Wickenburg area.
North Springs and its partners are currently conducting a
21-hole drill program at Goldstar, focusing on seven (7)
high-priority target areas. North Springs earned its 20% interest
in the Goldstar Property by already supplying funding of $500,000
towards the current exploration and development program. The
Company also has the right to acquire an additional 15% interest in
the Goldstar Property by supplying $3,000,000 in funding for
further exploration and development.
Further updates regarding the Goldstar/One Arm Joe Gold Project
will be disseminated as additional information becomes
available.
About North Springs Resources Corp.
North Springs Resources Corp. is focused on the evaluation,
acquisition, exploration, and development of mineral resource
properties. The Company is led by a skilled and experienced
management team and independent consulting geologists with many
years of experience. North Springs is committed to creating value
for its shareholders by advancing its current holdings and by
acquiring new properties with significant potential.
For additional information, please visit
www.northspringsresources.com.
Harry Lappa, President
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT
TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS
NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING
STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS,
EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.EXCEPT FOR THE
HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS
NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO
CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO
DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR
ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS
THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE
PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE",
"ANTICIPATE", "BELIEVE", "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS
ARE FORWARD-LOOKING STATEMENTS. TO DATE, NO ACTUAL RESERVES HAVE
BEEN IDENTIFIED AT THE GOLDSTAR SITE. RISKS AND UNCERTAINTIES FOR
THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED
WITH NATURAL RESOURCE EXPLORATION AND DEVELOPMENT AND NEEDS FOR
FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT
ANNUAL REPORT ON FORM 10-K AND ON FORM 10-Q AND FROM TIME-TO-TIME
IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY.
OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL
PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE
COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND
DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE
COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY WILL
ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING
STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE
COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING
STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD
DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS.
ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS
AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE
CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR
INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL
OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE
RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM
TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE
COMMISSION.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY
WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. FINRA, THE SEC AND
THE OTCBB NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS
NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO
SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY
SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER,
SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR
QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH
JURISDICTION.
Contacts: LiveCall Investor Relations for North Springs
Resources Corp. Gerry Belanger, Investor Contact (201)
984-5646info@northspringsresources.com
www.northspringsresources.com
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