GSPG, GoldSpring Announces 21% Increase in its Mineral Claims in the Comstock Lode District
GoldSpring,
Inc. announced today that it has increased the mineral claims in its
Comstock Mine Project by 21% over the last twelve months. The project
now includes 256 mining claims administered by the Bureau of Land
Management. This announcement comes as the Company filed its annual
mineral claims and paid its maintenance fees for the 2009-2010 year.
GoldSpring's Comstock Mine Project now includes a mineral estate of
4,238 acres, including 590 acres of patented mining claims, and 3,648
acres of unpatented, BLM-administered mining claims.
"This is the largest land position in the Comstock ever
consolidated by a single company," said Rob Faber, President and CEO of
GoldSpring, Inc. "In light of the successful drilling program that
commenced in December 2007, GoldSpring has focused on adding strategic
properties to its portfolio in the Comstock. We believe the
acquisitions of the last twelve months provide opportunities to
increase our mineral resources through our ongoing exploration program."
The Company's recent gold and silver mineral reserve report,
summarized in its May 15, 2009 press release, illustrates the success
of the Comstock Mine Project to date. The Company continues to build on
that success through the ongoing engineering and permitting activities
required to open a profitable mining operation.
About GoldSpring, Inc.
GoldSpring, Inc. is a North American precious metals mining
company, focused in Nevada, with extensive land holding in the Comstock
Gold-Silver District of Nevada. The Company has defined an initial gold
and silver deposit at the Hartford / Lucerne complex and has secured
several of the key mining permits required to develop the project. The
Company is currently engaged in an aggressive exploration program to
define the extent of the Hartford / Lucerne complex, assess other key
exploration targets on its large land package and push the project
toward production. The high-grade nature of the bulk tonnage Hartford /
Lucerne deposit and its favorable configuration has positioned the
Company to become a new gold-silver producer in the future.
Cautionary Note to U.S. Investors: The
United States Securities and Exchange Commission permits U.S. mining
companies, in their filings with the SEC, to disclose only those
mineral deposits that a company can economically and legally extract or
produce. We may use certain terms on this press release, such as
"measured", "indicated", and "inferred" resources, which the SEC
guidelines strictly prohibit U.S. registered companies from including
in their filings with the SEC. U.S. investors are urged to consider
closely the disclosure in our Form 10-KSB which may be secured from us,
or from the SEC's website at http://www.sec.gov/edgar.shtml
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
