The Penny Stock that Said it could North Springs Resources Corp. (OTC: NSRS ) up 12% in the first 30 minutes of trading today. NSRS has already traded volume of 3,471,934. Sample results have been received and things are looking up for Harry Lappa and NSRS shareholders….
Data provided by Capital IQ
North Springs Resources Corp. announced pre-market that it has received initial sampling results from Phase I exploration at the Imperial Gold Silver Property. CEO of NSRS, Harry Lappa, reports results of the sampling of the underground workings at the historic Imperial Mine site are extremely positive. Testing showed gold in every sample taken.
North Springs Resources anticipate similarly positive results for silver content later this week.
The Imperial Property consists of 24 unpatented mineral claims covering approximately 480 acres and includes the historic workings of the high-grade Imperial Mine. Previous exploration has identified four high-priority target areas at the Imperial Property; Imperial Fault Target, Jasperoid Breccia Target, IP Target, and Resource Target.
The phase one exploration plan for the Imperial Property outlines a four month $250,000 exploration program that will include geochemical and environmental studies, followed by a reverse-circulation drilling program intended to test previously identified mineralized zones and potentially increase the 50,000 ounce gold resource estimate made by previous operators.
NSRS is trading:
- $ 0.46 above its 10 day moving average and
- $ 0.30 above its 5 day moving average.
NSRS One Month Chart:
NSRS is up 240% on the year.
“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
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