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NSRS - North Springs Res.

post #1 of 25
Thread Starter 

North Springs Resources (OTCBB:NSRS) is one of the major stock of 2012. Company announced yesterday that it had completed funding commitment of its Goldstar property. The press release this morning has also announced North Springs Resources was going ahead with a drill program to confirm gold estimates on the property  which is estimated to be in millions. Volume on the stock has been high this morning with nearly 4.5 million shares changing hands in morning trading.

post #2 of 25

This was going soooo well....

post #3 of 25
big money made there the past few weeks .....grats to any who played it
post #4 of 25

UP 20% on the day today....

post #5 of 25

going green again this morning... ready for another ride here!!!

 

post #6 of 25

Who watched NSRS friday just before close? Where do you think it is going?

post #7 of 25
Quote:
Originally Posted by quilting and stocks View Post

Who watched NSRS friday just before close? Where do you think it is going?


 

That was definitely a surprise at the last minute, but the after hours brought it right back down. I think it'll continue going down.

post #8 of 25

Yes, I agree... although THEY definitely are still trying to hype it up as much as possible... getting multiple emails from all over the place about NSRS...

to no avail though..

 

post #9 of 25

Appears to be moving in a positive direction this morning...  up abotu 5% so far...

post #10 of 25

Moving yet again this morning!!!

 

LAS VEGAS, NEVADA--(Marketwire -02/02/12)- North Springs Resources Corp. (OTC.BB: NSRS.OB - News)(Pinksheets: NSRS.OB - News) (the "Company" or "North Springs") is pleased to report that the Company has positively re-analyzed the potential reserve estimates for the Goldstar/One Arm Joe Gold Project (the "Goldstar Property" or "Goldstar") made by previous operators. Surface observations and new data collected from the ongoing drill program at Goldstar, along with historic references to the property, comparable mines in the surrounding area, previously available sampling and exploration data pertinent to the Goldstar site, and based on industry standards, indicate that the possible reserve estimate for the property could be as high as 2,769,230 tons grading 0.7 oz. gold/ton, or 1,938,461 ounces of gold.

Calculation of the updated potential gold estimate utilized numerous visual observations at Goldstar and historical information of the Goldstar site and surrounding areas which indicate that various sections of gold bearing quartz veins in the region may reach continuous depths down to approximately 2,000 feet. The Goldstar Property consists of 9,000 feet of a gold bearing quartz vein that appears to be 1-2 feet wide on average at the surface stretching over two zones (Goldstar: 6,000 feet and One Arm Joe: 3,000 feet) and nine (9) claim blocks totaling 180 acres. Notably, the gold bearing quartz vein that runs the length of the Goldstar site appears to be approximately six miles long - an area that well surpasses the Goldstar site.

"As we move forward with exploration at Goldstar, the overall size and potential of the project continues to grow and impress us," stated Harry Lappa, President of North Springs Resources. "Our new found knowledge of the property and area indicate that we could be sitting on up to 2,000,000 ounces of gold at Goldstar, which, if realized, could be worth approximately $3.2 billion at today's gold prices. Exploration and drilling will continue as we strive to prove up this possible massive resource."

North Springs and its partners are currently conducting a 21-hole drill program at Goldstar, focusing on seven (7) high-priority target areas. North Springs earned its 20% interest in the Goldstar Property by already supplying funding of $500,000 towards the current exploration and development program. The Company also has the right to acquire an additional 15% interest in the Goldstar Property by supplying $3,000,000 in funding for further exploration and development.

Though there are no actual reserves currently identified at Goldstar, the Company's ongoing exploration activities are aimed at proving up reserves at the Goldstar site. Further updates regarding the Goldstar/One Arm Joe Gold Project will be disseminated as additional information becomes available.

About North Springs Resources Corp.

North Springs Resources Corp. is focused on the evaluation, acquisition, exploration, and development of mineral resource properties. The Company is led by a skilled and experienced management team and independent consulting geologists with many years of experience. North Springs is committed to creating value for its shareholders by advancing its current holdings and by acquiring new properties with significant potential.

For additional information, please visit www.northspringsresources.com.

Harry Lappa, President

post #11 of 25

UP 15% today, now!

post #12 of 25

LAS VEGAS, NEVADA--(Marketwire -02/03/12)- North Springs Resources Corp. (OTC.BB: NSRS.OB - News)(Pinksheets: NSRS.OB - News) (the "Company" or "North Springs") is pleased to announce the release of the third in a series of four anticipated videos detailing exploration and drilling at the Company's 20% owned Goldstar/One Arm Joe Gold Project (the "Goldstar Property" or "Goldstar") in Arizona. The new video can be viewed at the Company's website at www.northspringsresources.com.

The original 10-minute video contains new footage of the current exploration program including extended views of drilling rig operation, the pulling of diamond core drill samples, and initial sample preparation for independent third-party testing. The video also contains an interview conducted at the Goldstar site discussing the measurements of gold bearing quartz veins at surface, interpretation of local geology, and the potential for the quartz veins to continue at depths well below previously expected levels.

"The Goldstar Property exploration program has been going strong for several days now and this video clearly shows some of the significant progress that we have made onsite," stated Harry Lappa, President of North Springs Resources. "The detailed description and interpretation goes a long way to justify our increasing excitement over the potential of the Goldstar Property. Most notable were positive comments made during the interview that at least one local producing gold mine encountered this type of gold bearing quartz veins down to the 6000 foot level - triple the maximum depth used to figure the previous and updated Goldstar Property potential."

North Springs and its partners are currently conducting a 21-hole drill program at Goldstar, focusing on seven (7) high-priority target areas. North Springs earned its 20% interest in the Goldstar Property by already supplying funding of $500,000 towards the current exploration and development program. The Company also has the right to acquire an additional 15% interest in the Goldstar Property by supplying $3,000,000 in funding for further exploration and development.

Further updates regarding the Goldstar/One Arm Joe Gold Project will be disseminated as additional information becomes available.

About North Springs Resources Corp.

North Springs Resources Corp. is focused on the evaluation, acquisition, exploration, and development of mineral resource properties. The Company is led by a skilled and experienced management team and independent consulting geologists with many years of experience. North Springs is committed to creating value for its shareholders by advancing its current holdings and by acquiring new properties with significant potential.

For additional information, please visit www.northspringsresources.com.

Harry Lappa, President

post #13 of 25

It keeps bouncing up against the 1.20 mark... Just go through it already!!!

post #14 of 25

Looks like you got your wish

 

post #15 of 25

Crossed 1.6 now, any ideas if this is a good time to get in or should wait for it to come down a little bit?

post #16 of 25

i can't foresee this thing getting much higher, think you missed the boat here

post #17 of 25

Get ready for this thing to crash very soon.

post #18 of 25

may be

 

but its been up the last few days

 

good if you got in cheap

post #19 of 25

wow plummeting so far

down almost 50%

post #20 of 25

POS is down to 0.5395

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