Allstocks.com's Bulletin Board Post A Reply
my profile login | register | search | faq | forum home

» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » GOLDSPRING INC (GSPG.OB) starting to move at 0.029 » Post A Reply

Post A Reply
Login Name:
Password:
Message Icon: Icon 1     Icon 2     Icon 3     Icon 4     Icon 5     Icon 6     Icon 7    
Icon 8     Icon 9     Icon 10     Icon 11     Icon 12     Icon 13     Icon 14    
Message:

HTML is not enabled.
UBB Code™ is enabled.

 

Instant Graemlins Instant UBB Code™
Smile   Frown   Embarrassed   Big Grin   Wink   Razz  
Cool   Roll Eyes   Mad   Eek!   Confused   BadOne  
Good Luck   More Crap   Wall Bang   Were Up   Were Down    
Insert URL Hyperlink - UBB Code™   Insert Email Address - UBB Code™
Bold - UBB Code™   Italics - UBB Code™
Quote - UBB Code™   Code Tag - UBB Code™
List Start - UBB Code™   List Item - UBB Code™
List End - UBB Code™   Image - UBB Code™

What is UBB Code™?
Options


Disable Graemlins in this post.


 


T O P I C     R E V I E W
grandma007  - posted
GoldSpring, Inc. Advances Plum Mine Improvement Program
Tuesday January 10, 9:00 am ET


GOLD HILL, Nev., Jan. 10, 2006 (PRIMEZONE) -- GoldSpring, Inc. (OTC BB:GSPG.OB - News) announced today that the program to improve operational efficiencies at the Company's Plum Mine in Gold Hill, Nevada, which began with the hiring of Scott Jolcover in March 2005, continues to advance. In November 2005, GoldSpring retained licensed mining engineer Jim Golden to conduct a comprehensive review of all aspects of the Plum Mine operation, including the overall mine plan, with the objective of maximizing efficiency, increasing production, and reducing costs.

Mr. Golden has over twenty years of experience in the mining industry, including ten years with Peter Kiewit's mining division, where he was a district manager. Since 1990, Mr. Golden has owned his own consulting firm, where he has provided consulting services throughout the world for over 50 mining companies. Under the direction of Mr. Golden, the Company has assembled a team of professional mining consultants, who are recognized experts in their respective disciplines, to assist in the review of the operation. The team includes Jeff Butwell, a metallurgist; John Esser, an electrical engineer; Dennis Anderson a geologic, soils and environmental engineer; and Stephen Russell, a geologist with 25 years of comprehensive mining experience. Furthermore the company has retained Mine Development and Associates of Reno, Nevada to update the Company's mine plan and model. N.A. Degerstrom continues in its capacity as the Company's mining contractor.

GoldSpring President and CEO Rob Faber is pleased with the possibilities for improvement that have been identified by the operational review program. Faber said, ``We are experiencing the positive returns of building a team of experienced, skilled mining professionals at the Plum Mine.'' He continued, ``The implementation of the recommendations of Mr. Golden and the other members of the team has resulted in reduced labor costs, more efficient operations, and an increased grade of ore being identified and mined.''

The Company continues to implement the recommendations outlined by Mr. Golden and his team. Some of the immediate changes include revising the mine plan to reflect the current higher gold price; adding various efficiencies in the processing area; and re-positioning personnel to maximize overall performance. ``We are optimistic that these improvements will result in increased gold production and reduced production costs, maximizing returns for our shareholders,'' Faber said.

GoldSpring also announced plans to continue its exploration program in 2006. The goals of the program outlined by the Company include replenishing its inventory and expanding its footprint. The exploration program also allocates resources toward development of future properties. The Company intends to provide regular updates on the results of the improvement program and on the progress of adding additional properties to its portfolio.

GoldSpring, Inc. is an emerging North American precious metals mining company, which was formed in June 2003. In the Company's relatively short history, it has brought a gold and silver project into production, established a solid footprint around its operations in northern Nevada, and acquired mineral rights in Canada. GoldSpring plans to build on this success through the acquisition of mineral properties in North America that can be efficiently put into near-term production. The Company's objectives are to increase reserves, increase production and increase cash flow to maximize return for its shareholders.
 
grandma007  - posted
This will gain some momentum again soon imo.
 
grandma007  - posted
Watch this one for next week.
 
grandma007  - posted
Gapping up in pre-market
 
grandma007  - posted
Looks good so far today
 
grandma007  - posted
This one should continue to run the next couple of days.
 



Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share