Message #55 From:
NewsBot Date: September 22, 2008 01:59:22 PM
GSPG Stock: GoldSpring to Hold Investor Day on October 11th at Its Comstock Property
GOLDHILL, Nev., Sept. 18 /PRNewswire-FirstCall/ -- GoldSpring, Inc.
(OTC Bulletin Board: GSPG stock) announced today 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.
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.
Contact information for GoldSpring, Inc.: P.O. Box 1118 Virginia City, NV 89440 Tel 775.847.5272 Fax 775.847.4762 http://www.goldspring.us
Robert T. Faber, President and CEO 480.603.5151 775.847.5272 E-mail: rfaber@goldspring.us
or
Dan Schustack, CEOcast, Inc. for GoldSpring, Inc. at (212) 732-4300
