Gold Springs Resource Corp.
Gold Springs Resource Corp. is a pre-revenue mining exploration company (TSX: GRC) advancing a ~8,000 ha gold-silver project on the Nevada-Utah border, targeting a 3 million oz resource threshold to trigger a sale to a major mining company.
- Company typePublic
- Founded2015
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Gold Springs Resource Corp. does
Gold Springs Resource Corp. is a publicly listed (TSX: GRC; OTCQB: GRCAF), pre-revenue mineral exploration company headquartered in Vancouver, Canada, focused on the exploration and expansion of gold and silver resources at its flagship Gold Springs Project on the border of Nevada and Utah, USA. The project covers nearly 8,000 hectares and contains 6 targets with substantial Measured & Indicated resources plus 27 additional targets with exploration potential; since 2010 the company has spent over US$30 million on exploration, completing 443 drill holes totaling 79,733 meters alongside 77.4 line km of CSAMT and 470 line km of ZTEM geophysical surveys. Resources outcrop near surface and are amenable to low-cost open-pit mining combined with technically simple heap leach extraction, with environmental assessments completed in both states and 600 gallons per minute of water rights secured.
The business model is exit-oriented rather than production-oriented: the company seeks to expand mineral resources toward a 3 million oz gold-equivalent threshold and then pursue a sale to a major mining company (the Exit Transaction). To fund exploration while limiting equity dilution, Gold Springs has used a unique non-equity financing structure — Series A and Series B Secured Rights entitling holders to a percentage of net sales proceeds upon an Exit Transaction — supplemented by non-brokered private placements and the 2021 monetization of its World Copper Ltd. affiliate for CAD$4.36 million of non-dilutive funding. The company holds a wholly owned US subsidiary, High Desert Gold Corporation, which holds the project's secured rights. As of late 2025 / early 2026, cash stood at only US$0.01–0.05 million against ongoing net losses (US$0.66 million for FY2025), reflecting the capital-constrained nature of an exploration-stage shell awaiting either a transformative financing round or an acquirer.
Gold Springs Resource Corp. firmographics
Firmographics- Name
- Gold Springs Resource Corp.
- Legal name
- Gold Springs Resource Corp.
- Website
- https://goldspringsresource.com
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Gold Springs Resource Corp. is a pre-revenue mining exploration company (TSX: GRC) advancing a ~8,000 ha gold-silver project on the Nevada-Utah border, targeting a 3 million oz resource threshold to trigger a sale to a major mining company.
- Ownership category
- akta.pro rank
Gold Springs Resource Corp. industry classification
Industry- Product category
- Mineral Resource Exploration (Gold and Silver)
- NAICS
- Gold Ore and Silver Ore Mining (21222), Metal Ore Mining (2122)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
- akta.pro secondary industries
- Gold Mining (IMAKAEAA), Silver Mining (IMAKAEAB)
Keywords
Where Gold Springs Resource Corp. is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Gold Springs Resource Corp. business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Others
Revenue model
- Pre-Revenue Exploration Stage: The company is in the exploration and development stage and has not yet generated revenue from mining operations. The primary objective is to expand gold and silver resources to reach a threshold for either development or sale to a larger mining company.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Gold Springs Resource Corp. product offering
Product offeringCore offering
Gold Springs Resource Corp. is a PEA-stage mineral exploration company whose core activity is the exploration, drilling, and resource expansion of its flagship Gold Springs gold-silver project, a nearly 8,000-hectare property located on the border of Nevada and Utah, USA. The project contains six targets with substantial Measured & Indicated resources that are open for expansion and 27 additional targets with exploration potential, with extraction intended via low-cost open-pit mining and heap-leach processing. The company's strategic objective is to grow the deposit to a multi-million ounce resource suitable for either mine development or sale to a larger mining company through an exit transaction.
Product overview
Gold Springs Resource Corp. is a PEA-stage mining exploration company with a single core product: the Gold Springs Project, a gold-silver exploration project covering nearly 8,000 hectares on the Nevada-Utah border. The company has reached 1 million oz gold equivalent in mineral resources with 6 targets containing substantial M&I resources and 27 additional targets with exploration potential. The project employs open pit mining with heap leach extraction methods. The company also offers a unique non-equity financing instrument (Secured Rights) as part of its capital strategy.
Differentiator
Problem solved
Functional benefit
Products and services
- Gold Springs Project The flagship PEA-stage gold-silver exploration project covering nearly 8,000 hectares on the Nevada-Utah border. It includes 6 targets with substantial M&I resources open for expansion and 27 additional targets with exploration potential, with gold and silver resources outcropping near the surface and intended for low-cost open-pit mining with heap leach processing. The product is positioned for development or sale to a third-party acquirer upon reaching a multi-million ounce resource threshold.
Companies that use Gold Springs Resource Corp.
Customer profileSegments1 record
Ideal customer profiles2 records
Gold Springs Resource Corp. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Gold Springs Resource Corp. partnerships and signals
Strategic signalScale indicators10 records
Recent moves8 records
Expansion highlights3 records
Gold Springs Resource Corp. competitors and assessment
Company assessmentDirect peers
- i-80 Gold Corp: Exploration and development-stage gold company focused on projects in Nevada, including open-pit and underground operations. Highly comparable to Gold Springs as a Nevada-focused gold developer pursuing resource growth and permitting in the same jurisdiction.
- Paramount Gold Nevada Corp. Pre-revenue gold and silver exploration company advancing its Sleeper and Grassy Mountain projects in Nevada and Oregon. Directly comparable as a junior US gold-silver explorer targeting resource expansion and project development with heap-leach economics similar to Gold Springs.
- Integra Resources Corp. Gold and silver exploration company with a PEA-stage project in Nevada (DeLamar). Closely matches Gold Springs in scale, jurisdiction, and strategy of growing resources toward a sale or development decision.
- Augusta Gold Corp. Gold developer advancing the Bullfrog Gold project in Nevada. Comparable in focus on a single Nevada gold asset, open-pit heap leach mining approach, and the strategy of building resource scale in a top-tier US mining district.
- Ridgeline Minerals Corp. Nevada-focused gold and silver exploration company with multiple projects across the Carlin and Battle Mountain trends. Highly comparable as a junior gold-silver explorer using drilling and geophysical surveys to define resources in Nevada.
- West Kirkland Mining Corp. Pre-revenue gold explorer with properties in Nevada and Utah, including near-surface heap-leach projects. Directly comparable to Gold Springs given the shared Nevada-Utah geography and open-pit heap-leach mining approach.
Emerging players
- Orla Mining Ltd. Mid-tier gold producer with projects in Mexico and the US (Pan Mine, Nevada). Comparable as a Nevada gold producer that started from a junior-explorer base and could plausibly be an acquirer of a project like Gold Springs.
- First Mining Gold Corp. Junior gold developer with projects in Canada and the US, focused on resource growth and project de-risking. Comparable to Gold Springs as a publicly listed exploration and pre-development precious-metals company pursuing a transaction or development path.
Broad incumbents
- Coeur Mining Inc. Established silver-and-gold producer with multiple operating mines across the Americas. A relevant comparable as a senior precious-metals operator that could act as an acquirer of Gold Springs at the exit threshold.
- Centerra Gold Inc. Mid-tier gold producer with operations in Canada, the US (including Nevada), and elsewhere. Comparable as a senior gold producer with Nevada exposure that could pursue an advanced-exploration acquisition like Gold Springs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Gold Springs Resource Corp. social profiles
Digital presenceGold Springs Resource Corp. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gold Springs Resource Corp. leadership team
Management profileNumber of profiles
Profiles5 records
Gold Springs Resource Corp. subsidiaries and ownership
Company hierarchySubsidiaries2 records
Gold Springs Resource Corp. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gold Springs Resource Corp. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Gold Springs Resource Corp.
What does Gold Springs Resource Corp. do?
Gold Springs Resource Corp. is a PEA-stage mineral exploration company whose core activity is the exploration, drilling, and resource expansion of its flagship Gold Springs gold-silver project, a nearly 8,000-hectare property located on the border of Nevada and Utah, USA. The project contains six targets with substantial Measured & Indicated resources that are open for expansion and 27 additional targets with exploration potential, with extraction intended via low-cost open-pit mining and heap-leach processing. The company's strategic objective is to grow the deposit to a multi-million ounce resource suitable for either mine development or sale to a larger mining company through an exit transaction.
Is Gold Springs Resource Corp. a public or private company?
Gold Springs Resource Corp. is a public company. It is classified as public and is currently operating.
When was Gold Springs Resource Corp. founded?
Gold Springs Resource Corp. was founded in 2015. It employs 1 to 10 people.
Where is Gold Springs Resource Corp. based?
Gold Springs Resource Corp. is headquartered in Vancouver, Canada, in the North America region.
How does Gold Springs Resource Corp. make money?
One revenue line is on record: pre-Revenue Exploration Stage.
Who are Gold Springs Resource Corp.'s main competitors?
Direct peers on record are i-80 Gold Corp, Paramount Gold Nevada Corp., Integra Resources Corp., Augusta Gold Corp., Ridgeline Minerals Corp. and West Kirkland Mining Corp.. Emerging players are Orla Mining Ltd. and First Mining Gold Corp.. Broad incumbents are Coeur Mining Inc. and Centerra Gold Inc..
Does Gold Springs Resource Corp. have an API?
No public API is recorded for Gold Springs Resource Corp..
What industry is Gold Springs Resource Corp. in?
Gold Springs Resource Corp.'s product category is Mineral Resource Exploration (Gold and Silver). Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development, with a secondary code of IMAKAEAA, Gold Mining. Its NAICS code is 21222 and its SIC code is 1040.