Some may say “been there done that” but they wouldn’t be miners taking a second look at a once thought “played out” mining district. Today’s mining companies don’t use a pick and shovel to strike it rich but rather a testing service with a drilling machine. Either way, striking the “mother load” is still striking the “mother load”, even if it was the proverbial “mother load” in its day.
GoldSpring Inc., a gold and silver exploration and mining company, continues to expand its holdings footprint within the Hartford Complex of the northern Nevada Comstock District. December 2007 test drilling results, from an outside testing service, indicate that a parcel in question holds greater reserves, at a higher purity rate than initial tests had shown. Additional added benefits from the tests show veins close to the surface and at a length that crosses into an adjoining parcel held by the company.
Generally speaking, tests of this type bode well for the company’s past and current development strategy. Past strategic moves have lead to an infrastructure being put into place for expected operations to commence post haste. It has also lessened the chances of interference from approvals and permits agencies. Having confirmation of purity and location of the gold and silver keeps the company on schedule to meet shareholders expectations.
Following apparent successes, with regard to past plans laid, the company expects to continue its acquisition of parcels within the Comstock District that meet its guidelines. Now that confirmation has been made, all that needs to be done by the company is to get the gold and silver out of the ground, processed and sold. From a general perspective, this is not such a bad position to be in when the price of gold is hovering around $900.00 an ounce.
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