GoldSpring, Inc. is a precious metals mining company specializing in the economical and efficient production of gold and other precious metals. The Company was formed, in March 2003, with a plan of agreement and reorganization by exchange was executed between the Company and Ecovery, Inc., a private corporation with mining properties in Nevada. Ecovery's assets included the Gold Canyon and Spring Valley gold placer projects in Lyon County, Nevada plus the Big Mike Copper Project in Nevada. The Gold Canyon and Spring Valley Placer gold claims, located about three miles south of Gold Hill, Nevada, have reported gold reserves of 1,199,000 ounces. These claims consist of 21 unpatented placer mining claims covering approximately 850 acres. On March 30, 2004, the Company sold 6,000 ounces of gold in a spot deferred transaction to be delivered to Johnson Matheny Refinery, Salt Lake City Pool.