Sandspring Presents Drill Results from Holes 81-93 on Stepout; Hole 93 Intersects 110m of 0.90g/t Gold and 0.06% Copper and 56.5m of 1.08g/t Gold and 0.09% Copper
TORONTO, ONTARIO -- (Marketwire) -- 09/15/10 -- SANDSPRING RESOURCES LTD. (TSX VENTURE: SSP) ('Sandspring' or the 'Company') is pleased to announce an update on gold and copper assay results from drilling in the area of the Toroparu gold-copper deposit in the Republic of Guyana, South America.
Results from holes TPD081 - TPD093 comprise an additional 7,257m of drilling designed to optimize and expand grade and tonnage parameters of the known NI 43-101 compliant Toroparu gold-copper resource and to test continuity at various step-out locations along strike (Table 1). To view Table 1: Summary of 2010 Drill Hole Composite Assays, please visit the following link: http://media3.marketwire.com/docs/636250b.pdf. Assay results from a total of 41,659m of diamond drilling have now been disclosed to date on the Toroparu Property. Drill collar locations and hole traces relative to the current NI 43-101 compliant optimized open pit resource model surface contour may be viewed in Figure 1. To view Figure 1: Drill collar locations for drill holes 81-93 relative to Current Resource Model Contour, please visit the following link: http://media3.marketwire.com/docs/SandSpringFigure01.pdf.
Abraham Drost, P.Geo., President of Sandspring states: 'A variety of targets were tested on and off-trend during the current phase of drilling. The presence of broad intercepts of gold and copper mineralization, including Hole 93 with two intercepts of 110m of 0.90g/t gold and 0.06% copper and 56.5m of 1.08g/t gold and 0.09% copper underscores the strength and significance of mineralization along strike to the northwest of the current optimized open pit resource model. Resource optimization and exploration drilling continues.'
Analytical testing and reporting of quantitative assays was performed independently by Acme Analytical Laboratories Ltd. ('AcmeLabs'). AcmeLabs is an ISO:9001:2008 accredited laboratory for the tests reported herein. A system of blanks, standards and duplicates were added to the Toroparu sample stream by the Company to verify accuracy and precision of assay results, supplementing a variety of internal QA/QC tests performed by AcmeLabs.
Mr. Brian Ray, P.Geo., Exploration Manager for Sandspring and the Company's Qualified Person on the Toroparu site under NI 43-101, has reviewed and approved the technical content of this press release.
Additional information on Sandspring can be viewed on SEDAR under the Corporation's profile at www.sedar.com or on Sandspring's website at www.sandspringresources.com.
This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as 'may', 'will', 'plan', 'expect', 'anticipate', 'estimate', 'intend' and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Sandspring Resources Ltd. has an ongoing obligation to disclose material information, as it becomes available.
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Contacts:
Sandspring Resources Ltd.
Mr. Abraham Drost, M.Sc., P.Geo.
President/Director
(807) 252-7800
www.sandspringresources.com