# Gold Springs Resource Corp. Files Q1 2025 Financial Statements, MD&A and Provides Operations Update Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/gold-springs-resource-corp-files-q1-2025-financial-statements-md-a-and-provides--ce0b0aae-5523-4ee7-bb68-bcd9709a2777 Original source: https://money.tmx.com/en/quote/GRC/news/5609918569034499/gold-springs-resource-corp-files-q1-2025-financial-statements-md-a-and-provides- Publisher: tmx Original announcement: 2025-05-13T19:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Gold Springs Resource Corp. - Ticker: GRC - Exchange: TSX - Region: Utah-Nevada, USA - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update, Other - Extracted: 2026-09-16 03:20:02 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Gold Springs Resource Corp. reported Q1 2025 financial results including a net loss of $0.17 million and a cash balance of $0.02 million. The company also provided an operations update regarding permitting efforts for a heap-leach pilot plant and a starter pit at the South Jumbo area in Utah. Reasoning: The document is primarily a Q1 financial update with a brief operations update. The resource figures provided are historical references to a 2022 technical report, not new estimates. - Positive factor: Permitting progress for pilot plant and starter pit - Positive factor: Resource continuity mentioned - Negative factor: Low cash position of $0.02 million - Negative factor: Net loss reported Facts used in scoring: 3 ## Classification and evidence **Stale Data Re-release** Polarity: negative Story-specific tag Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The resource figures provided are historical references to a 2022 technical report, not new assays or estimates. Evidence · text > Please refer to the technical report: "Mineral Resource Estimate NI 43-101 Technical Report - Gold Springs Project - Utah-Nevada, USA" dated July 11, 2022 ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/gold-springs-resource-corp-files-q1-2025-financial-statements-md-a-and-provides--ce0b0aae-5523-4ee7-bb68-bcd9709a2777#fact-resource-facts-0) Gold Springs Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gold Springs Project - Commodity: gold - Region: usa\_nv - Reported Region: Utah-Nevada, USA - Ticker: GRC #### Resource scope - Estimate type: resource - Resource group id: resource:8cfb4cf0a20187ed43f2 #### Resource Data - Category: measured - Tonnes: 6456000 - Grade: 0.55 - Grade Unit: g/t - Contained Metal: 114558 - Contained Unit: oz #### Prior Estimate - Resource Date: 2022-07-11 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-07-11T00:00:00.000Z #### Dates - Event date: 2025-05-13T00:00:00.000Z Reasoning: Historical resource figure restated from 2022 technical report. Evidence · text > Measured: 114,558 oz Au \(6,456,000 tonnes with a grade of 0.55 gpt\) #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.8 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/gold-springs-resource-corp-files-q1-2025-financial-statements-md-a-and-provides--ce0b0aae-5523-4ee7-bb68-bcd9709a2777#fact-resource-facts-1) Gold Springs Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gold Springs Project - Commodity: gold - Region: usa\_nv - Reported Region: Utah-Nevada, USA - Ticker: GRC #### Resource scope - Estimate type: resource - Resource group id: resource:81a1fd6d784df4d0c3d0 #### Resource Data - Category: indicated - Tonnes: 5657000 - Grade: 0.55 - Grade Unit: g/t - Contained Metal: 100007 - Contained Unit: oz #### Prior Estimate - Resource Date: 2022-07-11 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-07-11T00:00:00.000Z #### Dates - Event date: 2025-05-13T00:00:00.000Z Reasoning: Historical resource figure restated from 2022 technical report. Evidence · text > Indicated: 100,007 oz Au \(5,657,000 tonnes with a grade of 0.55 gpt #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.8 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/gold-springs-resource-corp-files-q1-2025-financial-statements-md-a-and-provides--ce0b0aae-5523-4ee7-bb68-bcd9709a2777#fact-resource-facts-2) Gold Springs Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gold Springs Project - Commodity: gold - Region: usa\_nv - Reported Region: Utah-Nevada, USA - Ticker: GRC #### Resource scope - Estimate type: resource - Resource group id: resource:50dc1f9f758017dff3ec #### Resource Data - Category: indicated - Tonnes: 12115000 - Grade: 0.55 - Grade Unit: g/t - Contained Metal: 214565 - Contained Unit: oz #### Prior Estimate - Resource Date: 2022-07-11 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-07-11T00:00:00.000Z #### Dates - Event date: 2025-05-13T00:00:00.000Z Reasoning: Historical M&I total restated from 2022 technical report. Evidence · text > M&I: 214,565 oz AU \(12,115,000 tonnes with a grade of 0.55 gpt\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.8 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.