Home > Development, Diaspora News, Foreign Relations, Guyana > Sandspring Presents New Drill Results, Including 151m of 1.07g/t Gold in Hole TPD-80 Located 400 Metres Northwest Along Strike on Stepout from the Current Toroparu Gold-Copper Resource

Sandspring Presents New Drill Results, Including 151m of 1.07g/t Gold in Hole TPD-80 Located 400 Metres Northwest Along Strike on Stepout from the Current Toroparu Gold-Copper Resource

GUYANA/TORONTO, ONTARIO, Jul 06, 2010 (MARKETWIRE via COMTEX) — SANDSPRING RESOURCES LTD. (CA:SSP 1.24, -0.02, -1.59%)  (“Sandspring” or the “Company”) has announced an update on gold and copper assay results from drilling in the area of the Toroparu gold-copper deposit in the Republic of Guyana, South America.

Highlights include:

—  Hole TPD-076 on the western boundary of the current NI 43-101 Toroparu

gold-copper resource intersected a composite average grade interval of

1.21g/t gold and .03% copper over 169.5 metres, including an interval

grading 8.27g/t gold over 12.0 metres

—  Hole TPD-080 collared 400 metres northwest along strike of the western

boundary of the current NI 43-101 Toroparu gold-copper resource

intersected a composite average grade interval of 1.07g/t gold and .04%

copper over 151 metres

Results from holes TPD065 – TPD080 comprise an additional 8,819m of drilling designed to optimize and expand grade and tonnage parameters of the known NI 43-101 compliant Toroparu gold-copper resource and to test continuity at various step-out locations along strike (Table 2). Assay results from a total of 35,916m of diamond drilling have now been disclosed to date on the Toroparu Property. Drill hole collar locations and the Toroparu gold-copper deposit envelope contour and intercept highlights are appended to this press release (Figure 1).

To view Figure 1, please click here.

Abraham Drost, P.Geo. President of Sandspring states: “The latest batch of assays are anchored by Hole 76 on the western edge of the current 800m long Toroparu gold-copper resource envelope.

Assay results from stepout Holes 75, 77 and especially Hole 80 collared 400m northwest along strike suggest the discovery of a new gold-mineralized shoot and potential for resource expansion.

The Toroparu deposit horizon remains open at depth and along strike at this time.

The latest step-out drill results validate a shear-hosted gold-copper deposit model highlighted by the gradient array IP geophysical dataset produced on site by Insight Geophysics Inc.

With the IP data, not only can we “see” the Toroparu bedrock deposit horizon under saprolite cover, we can now follow it out with confidence along strike.

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