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Overseas mining company reports increase gold, copper find

Mar 19, 2011 News

Sandspring Resources Limited on Thursday announced an update for new gold and copper assay results from drilling in the area of the Toroparu gold-copper deposit in  Guyana.
Last September the company had stated that a compliant single optimized open pit shell resource independently indicated mineral resource of 2.64 million oz. gold and 262 million pounds copper and an additional Inferred mineral resource of 3.42 million oz. gold and 216 million pounds copper
The Company now says that new assay results illustrates an additional 7156m of drilling mainly designed to optimise grade and tonnage parameters and define geologic features within the known compliant Toroparu gold-copper resource.
“Assay results from a total of 70,770m of diamond drilling have now been disclosed to date on the Toroparu Property.”
Abraham Drost, President of Sandspring states… “Infill drilling to Feasibility-ready Measured and/or Indicated resource quality status continues at this time.
The current round of infill drill results, particularly bracketed between Holes 131, 134, 136 and 139 confirms the higher quality grade characteristics of a possible starter pit area identified previously
The Toroparu Deposit remains open along strike and to depth.
The Company reports also that it continues step-out drilling of Toroparu and regional exploration of its Upper Puruni concessions.

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