|Bid||0.1700 x 0|
|Ask||0.1750 x 0|
|Day's Range||0.1700 - 0.1800|
|52 Week Range||0.1700 - 0.3500|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 15, 2019 - Apr 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.20|
Sandspring Resources Ltd. (TSX-V: SSP, OTCQX: SSPXF) (“Sandspring” or the “Company”) is pleased to announce the delineation of three new mineralized vein structures in its Chicharrón Project area in Colombia. As set out in the Company’s press release of December 19, 2018, the Company is conducting a drilling program on its 100% owned Chicharrón silver-gold project located in Segovia, Antioquia, Colombia, within Gran Colombia Gold, Ltd.’s gold mining concessions. The program contemplates a 10-20-hole diamond drilling program to an average depth of approximately 100m from surface in areas extending the strike length to the northeast and southwest of the historical underground workings and across the faulted zone to the north.
Sandspring Resources Ltd. (TSX-V: SSP, OTCQX: SSPXF) (“Sandspring” or the “Company”) is pleased to announce the advancement of a Preliminary Economic Assessment (“PEA”) defining the re-scoping of its flagship Toroparu Project in Guyana, S.A. and the execution of an amendment to the Precious Metals Purchase Agreement with Wheaton Precious Metals International Ltd. (“Wheaton”) extending the due date for completion of a Final Feasibility study on the Toroparu Project to December 31, 2019. The re-scoping study of the Toroparu Project, conducted by SRK Consulting (U.S.), Inc. (“SRK”), includes a revised operating plan that utilizes the additional resources identified in the updated Mineral Resource Estimate for the Toroparu Project (Press Release of September 26, 2018).
Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today that has completed the purchase of an additional 2,500,000 common shares in Sandspring Resources Ltd. (”Sandspring”) (TSX-V: SSP, OTCQX: SSPXF) at a price of CA$0.28 per share in a private transaction (the “Transaction”) for total cash consideration of approximately US$528,000. The additional shares were acquired for investment purposes and Gran Colombia has no present intention to dispose of or acquire further securities of Sandspring, although the Company may in the future acquire or dispose of securities of Sandspring, through the market, privately or otherwise, as circumstances or market conditions warrant. Through completion of the Transaction, Gran Colombia has increased its holdings in Sandspring to an aggregate of 37,500,000 common shares and 16,000,000 share purchase warrants. Each share purchase warrant entitles the Company to purchase one additional share of Sandspring at CA$0.40 for a period of sixty (60) months.
As press released on December 19, 2018, the Company is conducting a drilling program on its 100% owned Chicharrón silver-gold project located near Segovia, Antioquia, Colombia. At Toroparu, our flagship gold project located in Guyana, work by SRK Consulting (USA) on the re-scoping study continues. The goal of the study work is to establish the basis to move Toroparu forward to development even if gold prices remain at current levels. Sandspring has commenced discussions with Wheaton Precious Metals regarding the re-scoping study and work done to date. The Company has entered into an arm’s length investor relations agreement (the “IR Agreement”) with Future Money Trends, LLC and affiliates (“FMT”), a limited liability company existing under the laws of the State of Texas with an office at 1102 S. Austin Ave, #110-283, Georgetown, Texas, USA. FMT is headed by Kenneth Ameduri, a media investor relations specialist in the natural resources sector. To the knowledge of the Company, neither FMT nor its principals own any securities of Sandspring.
Sandspring acquired the Chicharrón Gold Project in July of 2018 in a transaction that included Gran Colombia Gold (“Gran Colombia”). Gran Colombia produces gold from the “Segovia Operations”, an area of approximately 9,000 hectares in the Segovia-Remedios mining district of Colombia. Segovia’s high-grade mines have been in continuous operation for over 150 years and have produced over 5 million ounces of gold.