GoldSpring Expands Hartford Hill / Lucerne Deposit, Comstock District, Nevada



    GOLD HILL, Nev., Feb. 12 /CNW/ -- GoldSpring, Inc. (OTC Bulletin Board:  
GSPG) announced today the positive assay results for 16 drill holes from its
ongoing Hartford Hill / Lucerne deposit expansion drilling program in the
Comstock District of Nevada. These drill results continue to define the
Hartford Hill / Lucerne deposit in length and depth, and demonstrate the
continuity of gold and silver mineralization in this high-grade bulk tonnage
deposit.
    

    
    The findings are highlighted by drill hole 99, which encountered 155-foot
interval (130'-285') grading 0.051 ounces per ton gold (1.6 grams per ton),
and drill hole 100, which encountered 160-foot interval (0'-160') grading
0.050 ounces per ton gold (1.6 grams per ton). This high-grade zone extends
for approximately 1,600 feet in strike length and remains open to the north
and south.
    

    
    Further findings from the drilling program include an 80-foot interval
(80'-160') from drill hole 96, grading 0.032 ounces per ton gold (1.0 grams
per ton) and 1.08 ounces per ton silver (33.6 grams per ton), and a 140-foot
interval (130'-270') from drill hole 93, grading 0.029 ounces per ton gold
(0.9 grams per ton) and 1.05 ounces per ton silver (32.7 grams per ton).
    

    
    Larry Martin, GoldSpring's Chief Geologist, stated, "Drill holes 88, 91,
93 and 95 have been drilled at the historic Justice mine along the Silver City
fault, stepping out 300 feet from previous drilled holes, demonstrating
continuity of the precious metal mineralization along the fault.  Drill holes
92, 93, 96 and 98 confirm the mineralization of the historic Lucerne pit and
the northern extension of the Billie the Kid pit.  These drill results provide
an understanding of the mineralization distribution of the deposit, and will
help us map our exploration plan and resource modeling."
    



    

    
                                    Table 1
    

    
    New Drill Result Highlights, Hartford Deposit Comstock District, Nevada
    

    
    Significant intercepts calculated using 0.01 ounces per ton gold cut-off.
    

    
                                      Gold    Gold    Silver     Silver
                                    (ounces (grams  (ounces    (grams
                                      per     per      per        per
     Hole   From      To    Length    U.S.    U.S.     U.S.       U.S.
      ID   (feet)   (feet)  (feet)    ton)    ton)    ton)       ton)
    

    
    RC-100   0'     160'    160'     0.050    1.6     0.39       12.1
    RC-99    5'      30'     25'     0.016    0.5     0.41       12.8
            60'      90'     30'     0.022    0.7     0.37       11.5
           130'     285'    155'     0.051    1.6     0.49       15.2
    RC-98   35'     145'    110'     0.044    1.4     0.12        3.7
           240'     250'     10'     0.025    0.8     0.17        5.3
           270'     305'     35'     0.026    0.8     1.20       37.3
    RC-97  105'     240'    135'     0.041    1.3     0.34       10.6
    RC-96   80'     160'     80'     0.032    1.0     1.08       33.6
    RC-95    0'      60'     60'     0.014    0.4     0.33       10.3
           110'     145'     35'     0.039    1.2     0.16        5.0
    RC-94   10'      40'     30'     0.023    0.7     0.61       19.0
            50'      65'     15'     0.031    1.0     0.28        8.7
    RC-93   20'     100'     80'     0.017    0.5     0.11        3.4
           130'     270'    140'     0.029    0.9     1.05       32.7
    RC-92    0'      55'     55'     0.028    0.9     0.34       10.6
           150'     165'     15'     0.025    0.8     0.15        4.7
           175'     195'     20'     0.024    0.7     0.32       10.0
           225'     280'     55'     0.019    0.6     0.79       24.6
    RC-91   40'      70'     30'     0.026    0.8     0.75       23.3
    RC-90   35'      90'     55'     0.021    0.7     0.19        5.9
    RC-89    0'      20'     20'     0.013    0.4     0.31        9.6
            60'      80'     20'     0.017    0.5     0.08        2.5
            90'     105'     15'     0.019    0.6     0.18        5.6
    RC-88    5'      20'     15'     0.016    0.5     0.33       10.3
           150'     165'     15'     0.032    1.0     0.14        4.4
           175'     215'      40     0.017    0.5     0.25        7.8


    
    Reverse circulation drill holes 85, 86 and 87 contained no significant
mineralization intervals.
    As reported to GoldSpring, all drill samples were collected following
standard industry practice and were assayed by American Assay Laboratories,
Inc. of Sparks, Nevada. Gold results were determined using standard fire assay
techniques on a 30 gram sample with an atomic absorption finish. QA/QC
included the insertion of numerous standards and blanks into the sample
stream. Check assays and preliminary cyanide amenability testing is underway.
All intercepts are reported as drilled using a 0.30 gram/tonne cut-off; true
widths have not been determined. All data, as reported to the Company and
disclosed in this press release including sampling, analytical and test data
have been reviewed by the Company's qualified person Mr. Larry Martin,
Certified Professional Geologist.
    

    About GoldSpring, Inc.
    
    GoldSpring, Inc. is a North American precious metals mining company,
focused in Nevada, with extensive, 6000 acre contiguous land holding in the
Comstock Gold-Silver District of Nevada. The Company has defined an initial
resource at the Hartford deposit and has acquired several of the key mining
permits require to develop the project.  The Company is currently engaged in
an aggressive exploration program to define the extent of the Hartford
Deposit, assess other key exploration targets on its large land package and
push the project toward production.  The high-grade nature of the bulk tonnage
Hartford deposit and its favorable configuration has positioned the Company to
become a new gold-silver producer in the future.
    

    
    Cautionary Note to U.S. Investors:  The United States Securities and
Exchange Commission permits US mining companies, in their filings with the
SEC, to disclose only those mineral deposits that a company can economically
and legally extract or produce.  We may use certain terms on this press
release, such as "measured", "indicated", and "inferred" resources, which the
SEC guidelines strictly prohibit U.S. registered companies from including in
their filings with the SEC.  U.S. investors are urged to consider closely the
disclosure in our Form 10-KSB which may be secured from us, or from the SEC's
website at http://www.sec.gov/edgar.shtml
    

    
    The Private Securities Litigation Reform Act of 1995 provides a 'safe
harbor' for forward-looking statements. Certain information included in this
communication (as well as information included in oral statements or other
written statements made or to be made by GoldSpring) contains statements that
are 'forward-looking,' as defined in Section 21E of the Securities Exchange
Act, such as statements relating to the future anticipated direction of the
high technology and energy industries, plans for future expansion, various
business development activities, planned capital expenditures, future funding
sources, anticipated sales growth, mining capability and potential contracts.
Such forward-looking information involves important risks and uncertainties,
which include the risk factors disclosed in our most recent filings with the
U.S. Securities and Exchange Commission, that could significantly affect
anticipated results in the future and, accordingly, such results may differ
from those expressed in any forward-looking statements made by or on behalf of
GoldSpring. These risks and uncertainties include, but are not limited to,
those relating to development and expansion activities, dependence on existing
management, financial activities, domestic and global economic conditions,
changes in federal or state tax laws and market competition factors. These and
other factors, which could cause actual results to differ materially, are
discussed in more detail in GoldSpring's filings with the Securities and
Exchange Commission. Forward- looking statements include statements regarding
our expectations, beliefs, intentions or strategies regarding the future and
can be identified by forward-looking words such as 'anticipate,' 'believe,'
'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'should,' 'will,' and 'would'
or similar words. We assume no obligation to update the information included
in this press release, whether as a result of new information, future events
or otherwise.
    

    

    
    Contact information for GoldSpring, Inc.:
    P.O. Box 1118
    Virginia City, NV 89440
    Tel 775.847.5272
    Fax 775.847.4762
    http://www.goldspring.us
    

    
    Robert T. Faber, President and CEO
    480.603.5151
    775.847.5272
    E-mail: rfaber@goldspring.us




    




For further information:

For further information: Robert T. Faber, President and CEO of
Goldspring, Inc., +1-480-603-5151, +1-775-847-5272, rfaber@goldspring.us Web
Site: http://www.goldspring.us

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