Reverse Circulation Drilling on Goldspring's Comstock Monday 5-24-2010

http://GSPG.blogspot.com
GSPG shareholder video of current reverse circulation drill rigs in Gold Canyon south of the village of Gold Hill, Nevada in Storey County at the middle-south of the historic Comstock Lode Mining District.

He observated and recorded two drill rigs in Gold Canyon. One was apparently up the canyon from Drill Hole No. 54. The tower angle is slightly canted from plumb. The other drill truck is on the opposite side of the one paved road in Gold Canyon. Its drill tower appears to be set at an angle.

Notice some one pulling ore bags. A bulldozer is leveling earth to apparently create another drill pad (platform).

Goldspring drilling consultants have been busy. There are a many new holes in Lucerne Cut, what a topo map calls Lucerne Pit. During this visit drill rigs are working up the canyon, north of Hartford Hill.

Personel in vehicles were reviewing ore samples and running spectrolysis machine.
http://GoldspringInfo.blogspot.com
Geological Society of Nevada Symposium Goldspring Inc Presentation

Slide 11
Satellite image of the South Comstock region in southern Storey County. Laser pointer indicates the Virginia Range of mountains that are west and north of the Silver City Fault Zone.

Presentation appears to indicate a continuation of the Silver City Fault zone structure into that direction. Collaborators of the paper believe the Silver City Lineament continues in that direction, while Gold Hill and Virginia City curve around to the north and slightly east, the fault zone 'points' past the Hartford Hill, across to northern end of American Flat, and into the hills to the North and West. There were arcuate features along both sides of this line to demonstrate the direction and continuity, and well as smaller arcuate features connecting and supporting the main Comstock fault that splits to the north/northeast just above the Hartford complex. This seems to be the crux of their hypothesis.
[2009 Goldspring Press Release cites discovery of mineralization in a northeasterly branch of the Silver City Fault.]

Slide 12
The numerical modeling was limited to the mineralized envelope that independently approximated the Silver City Fault zone.

Three dimensional variograms show the greatest continuity for gold along a 3-D angle of N65E plunging 60 degrees. The next greatest continuity has a vector of N25W, reflecting the strike of the Silver City Fault Zone.

Slide 13
Numerical Modeling indicates great possibly for down-plunge continuity of silver to be MORE related with the east-west and NE trending faults.

Gold variogram has a peak and significant dip, then rises again suggesting a cyclical period of 150 feet.

Slide 14
Horizontal cross-section modeled from drill hole data illustrates the dip of the vein structure.

Slide 15
Summary- The Virginia Range and Comstock mining district contain numerous arcuate features that have provided significant understanding about the deposition genesis of epithermal precious metal mineralization. The realization of arcuate structures has provided valuable insight as a guide for successful exploration, modeling and development of Goldspring's Comstock project.
Rest of the story at http://GSPG.blogspot.com
Slide 16
Results are confirmed by Behre Dolbear's NI 43-101 Resource Report. The report published May 17,2010 found Goldspring's modeling procedures to be reasonable.

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