# Gold Springs Resource Corp. Files Q3 2022 Financial Statements and MD&A Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/gold-springs-resource-corp-files-q3-2022-financial-statements-and-md-a--9ce33583-4073-4e12-bccb-e4d4fe2bfc63 Original source: https://money.tmx.com/en/quote/GRC/news/7969367385069421/gold-springs-resource-corp-files-q3-2022-financial-statements-and-md-a Publisher: tmx Original announcement: 2022-11-11T01:10:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Gold Springs Resource Corp. - Ticker: GRC - Exchange: TSX - Region: Nevada and Utah, USA - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Drill results, Other - Extracted: 2026-09-16 03:27:35 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Gold Springs Resource Corp. has released its Q3 2022 financial statements, reporting a net loss of $0.90 million for the nine months ended September 30, 2022. The company also disclosed recent drill results from its Gold Springs project, including a new discovery at the Snow target and mineralization extensions at North Jumbo. Reasoning: The release reports new drill intercepts that extend mineralization and a new discovery at the Snow target, though it is framed within a quarterly financial update showing a net loss. - Positive factor: extension of gold mineralization at North Jumbo - Positive factor: new discovery at Snow target - Positive factor: increased exploration spending - Negative factor: net loss reported - Negative factor: low cash balance Facts used in scoring: 6 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drill results at North Jumbo extended mineralization 200 meters south into a new structural block. Evidence · text > extending gold mineralization 200 meters south of the North Jumbo Resource **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions assays have been received from 41 RC holes, implying laboratory assaying. Evidence · text > Assays have been received from 41 RC holes ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Drill Results (6) ### J-22-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/gold-springs-resource-corp-files-q3-2022-financial-statements-and-md-a--9ce33583-4073-4e12-bccb-e4d4fe2bfc63#fact-drill-facts-0) Gold Springs · gold #### Identity - Hole ID: J-22-005 - Project: Gold Springs - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: GRC #### Geometry - Grade: 1.87 - Grade Unit: g/t - Intercept: 29 m #### Classification - Sample Type: drill - Group ID: J-22-005:null-null #### Metal Equivalent - Metal Eq. Grade: 1.87 - Metal Eq. Unit: g/t gold equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2022-11-11T00:00:00.000Z Reasoning: Significant width and extension of mineralization. - Positive factor: extends mineralization 200m south of North Jumbo resource Evidence · text > hole J-22-005 returning 1.87 g/t gold equivalent over 29 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 ### J-22-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/gold-springs-resource-corp-files-q3-2022-financial-statements-and-md-a--9ce33583-4073-4e12-bccb-e4d4fe2bfc63#fact-drill-facts-1) Gold Springs · gold #### Identity - Hole ID: J-22-005 - Project: Gold Springs - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: GRC #### Geometry - Grade: 3.73 - Grade Unit: g/t - Intercept: 9.2 m #### Classification - Sample Type: drill - Group ID: J-22-005:null-null #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2022-11-11T00:00:00.000Z Reasoning: Strong high-grade intercept within a larger interval. - Positive factor: high grade sub-interval Evidence · text > including 3.73 g/t over 9.2 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 ### J-22-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/gold-springs-resource-corp-files-q3-2022-financial-statements-and-md-a--9ce33583-4073-4e12-bccb-e4d4fe2bfc63#fact-drill-facts-2) Gold Springs · gold #### Identity - Hole ID: J-22-004 - Project: Gold Springs - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: GRC #### Geometry - Grade: 0.57 - Grade Unit: g/t - Intercept: 41.2 m #### Classification - Sample Type: drill - Group ID: J-22-004:null-null #### Metal Equivalent - Metal Eq. Grade: 0.57 - Metal Eq. Unit: g/t gold equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2022-11-11T00:00:00.000Z Reasoning: Wide intercept providing continuity. - Positive factor: large width Evidence · text > hole J-22-004 returning 0.57 g/t gold equivalent over 41.2 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 ### J-22-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/gold-springs-resource-corp-files-q3-2022-financial-statements-and-md-a--9ce33583-4073-4e12-bccb-e4d4fe2bfc63#fact-drill-facts-3) Gold Springs · gold #### Identity - Hole ID: J-22-004 - Project: Gold Springs - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: GRC #### Geometry - Grade: 1.88 - Grade Unit: g/t - Intercept: 6.1 m #### Classification - Sample Type: drill - Group ID: J-22-004:null-null #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2022-11-11T00:00:00.000Z Reasoning: Higher grade component within the interval. - Positive factor: higher grade sub-interval Evidence · text > and 1.88 g/t over 6.1 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 ### SN-22-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/gold-springs-resource-corp-files-q3-2022-financial-statements-and-md-a--9ce33583-4073-4e12-bccb-e4d4fe2bfc63#fact-drill-facts-4) Gold Springs · gold #### Identity - Hole ID: SN-22-002 - Project: Gold Springs - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: GRC #### Geometry - Grade: 1.98 - Grade Unit: g/t - Intercept: 3 m #### Classification - Sample Type: drill - Group ID: SN-22-002:null-null #### Metal Equivalent - Metal Eq. Grade: 1.98 - Metal Eq. Unit: g/t gold equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2022-11-11T00:00:00.000Z Reasoning: First drill holes at Snow target resulted in a new discovery. - Positive factor: new discovery Evidence · text > hole SN-22-002 returning 1.98 g/t gold equivalent\* over 3.0 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 ### SN-22-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/gold-springs-resource-corp-files-q3-2022-financial-statements-and-md-a--9ce33583-4073-4e12-bccb-e4d4fe2bfc63#fact-drill-facts-5) Gold Springs · gold #### Identity - Hole ID: SN-22-002 - Project: Gold Springs - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: GRC #### Geometry - Grade: 0.7 - Grade Unit: g/t - Intercept: 27.4 m #### Classification - Sample Type: drill - Group ID: SN-22-002:null-null #### Metal Equivalent - Metal Eq. Grade: 0.7 - Metal Eq. Unit: g/t gold equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2022-11-11T00:00:00.000Z Reasoning: Wide intercept contributing to discovery. - Positive factor: significant width Evidence · text > and 0.70 g/t gold equivalent over 27.4 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 ## 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.