Message #54 From:
NewsBot Date: September 12, 2008 05:39:15 PM
GSPG Stock: GoldSpring, Inc. to Announce Results of 43-101 Resource Report During Webcast on September 16th
Company to Present Results at Merriman Curhan Ford and Company
Investor Summit 2008
GoldSpring, Inc. (OTC Bulletin Board: GSPG stock), announced today that its
presentation at the Merriman Curhan Ford and Company Investor Summit
2008 scheduled to occur at the Mark Hopkins Hotel in San Francisco on
Tuesday, September 16, 2008 at 3:00pm pacific time will be accessible
via webcast at http://www.wsw.com/webcast/mcm10/gspg.ob/
During the presentation, GoldSpring’s
President and CEO, Rob Faber, and Chief Operating Officer, Jim Golden,
will announce results of the 43-101 resource report. The report, which
was prepared by Telesto Engineering, an independent mining engineering
firm, will include results from 57 drill holes, including 19 additional
holes that were recently drilled. The preliminary report, which was
released in June 2008, was based on the existing data plus GoldSpring's
38 drill holes and indicated a resource of 4,926,000 tons grading 0.080
ounces per ton gold containing 392,000 ounces at a cutoff grade of 0.030
ounces per ton.
The Company will also discuss recent planned land acquisitions, plans
for further consolidation of the Comstock Lode, the progress at the
Hartford Complex mine, and exploration opportunities within the
Comstock. 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.
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
The Private Securities Litigation Reform Act of 1995 provides a 'safe
harbor' for forward-looking statements. Certain information included in
this communication (as well as information included in oral statements
or other written statements made or to be made by GoldSpring) contains
statements that are 'forward-looking,' as defined in Section 21E of the
Securities Exchange Act, such as statements relating to the future
anticipated direction of the high technology and energy industries,
plans for future expansion, various business development activities,
planned capital expenditures, future funding sources, anticipated sales
growth, mining capability and potential contracts. Such forward-looking
information involves important risks and uncertainties, which include
the risk factors disclosed in our most recent filings with the U.S.
Securities and Exchange Commission, that could significantly affect
anticipated results in the future and, accordingly, such results may
differ from those expressed in any forward-looking statements made by or
on behalf of GoldSpring. These risks and uncertainties include, but are
not limited to, those relating to development and expansion activities,
dependence on existing management, financial activities, domestic and
global economic conditions, changes in federal or state tax laws and
market competition factors. These and other factors, which could cause
actual results to differ materially, are discussed in more detail in
GoldSpring's filings with the Securities and Exchange Commission.
Forward- looking statements include statements regarding our
expectations, beliefs, intentions or strategies regarding the future and
can be identified by forward-looking words such as 'anticipate,'
'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'should,'
'will,' and 'would' or similar words. We assume no obligation to update
the information included in this press release, whether as a result of
new information, future events or otherwise.
