September 11, 2008
GoldSpring, Inc. To Announce Results of 43-101 Resource Report During Webcast on September 16th
GoldSpring, Inc. (OTC Bulletin Board: GSPG), announced today that its presentation at the Merriman Curhan Ford and Company Investor Summit 2008 scheduled to occur at the Mark Hopkins Hotel in San Francisco on Tuesday, September 16, 2008 at 3:00pm pacific time will be accessible via webcast at http://www.wsw.com/webcast/mcm10/gspg.ob/
During the presentation, GoldSpring's President and CEO, Rob Faber, and Chief Operating Officer, Jim Golden, will announce results of the 43-101 resource report. The report, which was prepared by Telesto Engineering, an independent mining engineering firm, will include results from 57 drill holes, including 19 additional holes that were recently drilled. The preliminary report, which was released in June 2008, was based on the existing data plus GoldSpring's 38 drill holes and indicated a resource of 4,926,000 tons grading 0.080 ounces per ton gold containing 392,000 ounces at a cutoff grade of 0.030 ounces per ton.
The Company will also discuss recent planned land acquisitions, plans for further consolidation of the Comstock Lode, the progress at the Hartford Complex mine, and exploration opportunities within the Comstock. 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. 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.