May 11, 2023, Vancouver, British Columbia - Gold Springs Resource Corp. (TSX: GRC, OTCQB: GRCAF) (the “Company”), reports the release of its unaudited consolidated financial statements for the three months ended March 31, 2023 and the related management’s discussion and analysis of financial position and results of operations (“MD&A”). In this press release, all amounts are expressed in U.S. dollars, unless otherwise indicated.
During the three months ended March 31, 2023, general and administrative expenses, excluding non-cash share-based payments, increased to $0.17 million compared with $0.16 million during the three months ended March 31, 2022. Exploration spending
during the three months ended March 31, 2023, decreased to $0.17 million from $0.53 million incurred during the same period of last year. During the three months ended March 31, 2023, the Company reported a net loss of $0.21 million ($nil loss per share) compared with a net loss of $0.24 million ($nil loss per share) for the same period in the prior year.
As of March 31, 2023, the Company had cash of $0.54 million, arising primarily from the receipt of working capital advances of $0.50 million.
About Gold Springs Resource Corp.
Gold Springs Resource Corp. (TSX: GRC and OTCQB: GRCAF) is focused on the
exploration and expansion of the gold and silver resources of its large Gold Springs project located on the border of Nevada and Utah, USA. The project is situated in th |