As expected, Harry Lappa’s once hot penny stock, North Springs Resources Corp. (OTC.BB: NSRS) announced today, just prior to the market open, a plan to make a 3D model to test the sampling at the their Nevada property, the Imperial Property. NSRS expects to combine historical and current exploration results to prep a 3D model of any gold and silver in the vein structures which have been known to exist throughout the property.
The $250,000 to be spent on the phase one exploration plan for property is expected to bring in results which the company hopes will return its once hot penny stock back to the $1 range. NSRS has previously financed $50,000 in exploration expenditures at the Imperial Property and anticipates funding the remaining $200,000 exploration budget within the next two weeks.
NSRS has plunged roughly 66% since it reached its high of $1.72 last week. Investors unaware of how to trade penny stocks like NSRS should stay clear from any damage and loss that they could incur without having the advice of a licensed professional and/or doing their own due diligence on NSRS.Share