SSP - Sandspring Resources - WKN A0YF1M

[kitejak]

Correction From Source: Sandspring Grants Annual Stock Options to Officers and Directors

02/19/2013

DENVER, COLORADO--(Marketwire - Feb. 19, 2013) -Sandspring Resources Ltd. (TSX VENTURE:SSP) (the "Company") announced on February 18, 2013, that the Company has granted to officers and directors 1,280,000 stock options to purchase common shares of the Company. The correct number of annual stock options granted to officers and directors was 1,405,000. The stock options are exercisable at $0.41 per share and will expire on 7 February, 2018. This stock option grant is subject to regulatory approval.

Sandspring is a well-funded junior mining company currently exploring and developing the NI 43-101 Toroparu Gold Project in the Republic of Guyana, South America. Additional information on Sandspring can be viewed on SEDAR under the Corporation's profile at www.sedar.com or on Sandspring's website at www.sandspringresources.com.

This news release includes certain forward-looking statements concerning the future performance of our business, financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the Company's successful expansion of its mining team and the advancement of the Toroparu deposit toward feasibility and obtaining positive results from ongoing evaluation and testing of multiple gold targets located elsewhere in the Company's landholdings, among other risks as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Sandspring Resources Ltd. has an ongoing obligation to disclose material information as it becomes available.

 

[Rooky]

Sandspring Reports Update of Continued Surface Exploration Program Results; Confirms the Potential to Find Additional Gold and Copper Resources in the Proximity of the Toroparu Deposit

TORONTO, ONTARIO--(Marketwire - March 4, 2013)

Sandspring Resources Ltd. (TSX VENTURE:SSP) ("SSP" or the "Company") is pleased to announce further results from its 2012 geochemistry exploration program for the Upper Puruni Property (see figure 1).

Results from regional and detailed saprolite geochemical sampling, regional litho-structural interpretations, and the discovery of the SE Zone gold resource (see PR May 31st, 2012) indicate that the gold and copper mineralization identified in the Toroparu Deposit is part of a larger scale mineralizing event, and not an isolated system.

During the course of 2012, in-fill line geochemical sampling program confirmed most of the regional gold anomalies that form a cluster around the Toroparu Deposit (see PR, February 22, 2012), and found several additional anomalies, including Sona Hill, Majuba and Makapa (see figure 2). Multi-element (ICP) results obtained over the last two years from all regional and detailed collected samples identified a significant alteration halo extending over 20 km to the northwest and southeast from the Company's Toroparu Deposit (see Figure 3). This geochemical footprint indicates that the mineralization at Toroparu may be the result of several important hydrothermal events and has the potential to contain more economic mineralization systems. Sona Hill is an outstanding and promising gold anomaly of comparable intensity as the initial Toroparu Deposit anomalous feature and is located only 5 km southeast of the Toroparu site. Encouraging gold values spread over the entire hill, which is 1800 m long and 400 m wide.

The geochemically anomalous trends are apparently associated with "magnetic-low" features as identified by reprocessed airborne magnetic data (see Figure 4). These are interpreted as small plutons of intermediate composition similar to the tonalitic to quartz-dioritic intrusive which are closely related to the Toroparu Deposit. These "magnetic low" structures are oriented in a northwest direction along the southwestern boundary of the Puruni Shear Corridor, further suggesting the potential for more hydrothermal footprints on a regional scale.

Werner Claessens, VP Exploration states: "The systematic surface exploration surveys continue to provide Sandspring with encouraging and interesting results. Apart from gold anomalies indicating possible underlying gold mineralization systems, the multi-element data combined with remote sensing and airborne based litho-structural interpretations significantly enhance the understanding of the geological mechanisms controlling these mineralization systems. We are reasonably confident that these efforts will increase the prospects of finding satellites or new deposits within our concession package."

Figure 1: http://media3.marketwire.com/docs/FigureSSP1.pdf: Location of the Toroparu Deposit and the Upper Puruni concession package

Figure2: http://media3.marketwire.com/docs/FigureSSP2.pdf: Cluster of Gold anomalies around the Toroparu Deposit

Figure 3: http://media3.marketwire.com/docs/FigureSSP3.pdf: Alteration Halo around the Toroparu Deposit

Figure 4: http://media3.marketwire.com/docs/FigureSSP4.pdf: Association between "Magnetic Lows" and Gold anomalous features

Figure 5: http://media3.marketwire.com/docs/FigureSSP5.pdf: Location of the geochemistry sampling grids

The 2012 surface geochemical program consisted of detailed survey grids conducted to determine the extent of gold anomalies defined by the 2011 regional survey (see PR February 22, 2012). Furthermore, the regional grid was extended to the north. The interpretations contained herein are based on 7,400 samples collected with hand-auger below the soil or lateritic crust on regular grid patterns over 400 km² within the concession package during 2011 and 2012 (see Figure 5). Samples were submitted to AcmeLabs on-site prep facility together with blank and standard QAQC samples where they were prepped and then shipped to AcmeLabs laboratory in Vancouver for ICP1FO3 37 elements analyses.

AcmeLabs is an ISO9001: 2008 accredited laboratory. A system of blanks, standards and duplicates were added to the Toroparu sample stream by the Company to verify accuracy and precision of assay results which supplemented a variety of internal QA/QC tests performed by AcmeLabs.

Mr. Brian Ray, P.Geo., Senior Resource Geologist with Sandspring and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this press release.

 

[dukezero]

sandspring-resources-a-growing-baby-elephant?


http://seekingalpha.com/article/1995701-sandspring-resources-a-growing-baby-elephant?source=feed_f

 

[dukezero]

Sandspring Resources Receives Final 2015 Payment Under Its Silver Wheaton Agreement

DENVER, COLORADO and VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 12, 2016) - Sandspring Resources Ltd. (TSX VENTURE:SSP)(OTC PINK:SSPXF) ("Sandspring" or the "Company") announces that in December 2015 the Company received the final 2015 installment of US$500,000 from Silver Wheaton (Caymans) Ltd., a wholly-owned subsidiary of Silver Wheaton Corp. ("Silver Wheaton") (TSX:SLW)(NYSE:SLW), under the Amended Precious Metals Purchase Agreement ("PMPA") entered into between Sandspring and Silver Wheaton (see Sandspring press release dated April 23, 2015). Under the PMPA, Silver Wheaton agreed to pay Sandspring incremental up-front cash payments totaling US$5 million for 50% of the payable silver production from the Company's Toroparu Gold Project in Guyana, South America (the "Toroparu Project"). Sandspring was entitled to receive US$2 million of the US$5 million cash payment in four equal installments over the course of 2015, subject to the satisfaction of certain conditions. Installments of US$500,000 were received in April, June and September 2015, and the final installment was paid on December 17, 2015. Proceeds from the installments have been used primarily for the advancement of the Company's operations at its Toroparu Project.

Under the original Gold Purchase Agreement entered into in November 2013, Silver Wheaton agreed to pay Sandspring US$148.5 million for 10% of the payable gold production from the Toroparu Project. Including payments associated with the gold stream, Sandspring has received a total of US$15.5 million in up-front payments from Silver Wheaton for the silver and gold. The balance of the US$153.5 million payable under the PMPA is subject to Silver Wheaton's election to proceed or not proceed following receipt of a final feasibility study for the Toroparu Project. Depending on Silver Wheaton's decision to proceed or not, both Sandspring and Silver Wheaton have various rights and elections that are set out in detail in the PMPA and described in the Sandspring press release dated April 23, 2015.

About Sandspring Resources Ltd.

Sandspring Resources Ltd. is a Canadian junior mining company currently moving toward a definitive feasibility study for the multi-million ounce Toroparu Project in the Republic of Guyana. The PMPA with Silver Wheaton and the transaction with PNO Resources Ltd. that closed in September 2015 (see Sandspring press release dated September 14, 2015) provide Sandspring with a strong base as it proceeds with the ongoing development of the Toroparu Project. A prefeasibility study completed in May 2013 (NI 43-101 Technical Report, Prefeasibility Study, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated May 24, 2013 completed by SRK Consulting (U.S.), Inc., available on SEDAR at www.sedar.com) outlined the design of an open-pit mine producing more than 200,000 ounces of gold annually over an initial 16-year mine life. Significant exploration potential, along with copper credits, provides additional upside potential for the Toroparu Project. Additional information is available by email at info@sandspringresources.com or on the Company's website at www.sandspringresources.com.

On Behalf of the Board of Directors of Sandspring Resources Ltd.

Richard Munson, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

[dukezero]

Gold mining shares have risen from the ashes of a 5-year cyclical bear market. All technical indicators suggest we are in a new gold bull market or a resumption of the secular gold bull market. Investors will need to look deeper in order to find the miners with the most leverage to a rising gold price. Novagold (NG) and seabridge gold (SA) are two gold explorers who may be ready to move forward with construction if gold rises above US$1400. Newcastle Gold and Sandspring Resources are lesser known gold explorers who could offer investors tremendous operating leverage to a rising gold price. Investment Leverage to the Resumption of the Secular Gold Mining Bull Market: NovaGold, Seabridge Gold, Sandspring Resources. Gold mining shares have risen from the ashes of a 5-year cyclical bear market and all technical indicators suggests a resumption of the secular gold bull market as a nascent cyclical bull market has begun to assert itself. For gold bulls, a segment of the mining industry offers tremendous upside potential in the event of further gold price appreciation. These are top notch gold explorers with the most leverage to a rising gold price. Exploration and development stage gold miners whose projects may not have had compelling economics below $1100/ounce are suddenly much more attractive with gold nearing $1400/ounce. Some gold explorers benefit from tremendous operating leverage as each incremental dollar the gold price increases above a certain level flows through to the bottom line, while others need a higher gold price to press forward with a construction decision. Operating leverage in the mining industry can essentially be understood as follows: For companies with slightly higher marginal costs a certain degree of increase in the underlying commodity can have an amplified effect upon net income. For example, a company producing 200,000 ounces of gold per year at a marginal operating cost of $900/ounce generates operating profits of $50 million per year at an $1150/ounce gold price. If fixed overhead (SG&A) costs are $30 million annually this company generates $20 million in pre-tax net income. However, the economics look significantly different at $1400 gold. Suddenly this same miner is generating $100 million in operating profit (double the operating profit at $1150/oz AU) and pre-tax net income jumps 250% to $70 million! To extrapolate even further, at US$2000/oz AU this miner generates operating profits of $220 million per year and $190 million in pre-tax net income! That's a 340% increase in operating profits and an 850% increase in pre-tax net income!! This is the power of operating leverage. Smaller differences in sales volume and selling prices result in much larger differences in profits, valuation multiples, earnings yields, etc. Moreover, operating leverage usually translates into investment leverage as increased profitability (and profit/valuation metrics) results in greater investment demand and higher share prices. Six months deep into the resumption of the secular gold bull market it's time to refocus on companies that have projects that wouldn't be getting off the ground at $1100/oz AU, but actually have attractive economics north of $1300/oz AU. We use a combination of technical and fundamental factors in order to narrow down a list of top tier gold explorers to capitalize on the next leg of the secular gold bull market. In JuneI highlighted ten gold takeout candidates which included a combination of mid-tier producers and high quality junior explorers. A couple of the explorers mentioned (Newcastle Gold and Sandspring Resources) fall into the category of having projects with exceptional operating leverage to a rising gold price environment. NovaGold (NYSEMKT:NG) and Seabridge Gold (NYSE:SA) are two other mid-tier explorers which offer substantial leverage to the gold price but in a different form. Both NG's (Donlin Creek) and SA's (NYSE:KSM) are huge projects with hefty constructions bills both north of US$5 billion at last check. A higher gold price (possibly north of $1500/oz) could lead to construction of both of these projects. However, if gold meanders in the US$1200-US$1400 range it is unclear when these projects will get built, if ever. Moreover, Seabridge currently sports a nearly US$1 billion market cap while NovaGold is well above US$2 billion. These valuations already factor in much of the good news for both of these companies and even likely price in a reasonable probability of permitting and mine construction. This leaves less bang for the incremental investor dollar on the table. To profit from the next phase of this gold bull market investors will need to dig deeper and find some sub-$100 million market cap explorers which investors have yet to fully appreciate. With a gold price near US$1400/oz, Sandspring Resources (NYSE:SSP) is one such opportunity. SSP is in a position to move its flagship Toroparu Project in Guyana forward to mine construction and production without a multi-billion dollar capital outlay (pre-production capex at Toroparu estimated at US$329 million) . In addition, SSP shares offer substantial leverage to a rising gold price - the difference in economics at Toroparu between $1200/oz AU and $1400/oz AU is striking: Pre-tax NPV at a 5% discount rate almost doubles to nearly US$1 billion at US$1400/oz AU. This is an example of leverage; a ~17% increase in the gold price results in a nearly 100% increase in the pre-tax project NPV. Sandspring's Toroparu Project is the fourth-largest gold deposit in South America held by a junior instead of a major. With 4.1 million ounces of 2P reserves (127 million tonnes at 1.0 gram/tonne cutoff) generating 228,000 ounces of annual production with an initial 16 year mine life Toroparu offers attractive economics and a relatively quick payback of the US$464 in pre-production capex (2.6 years). The economics and validity of Toroparu are further bolstered by an agreement with Silver Wheaton in which Silver Wheaton has agreed to contribute US$153.5 million for project construction in return for 10% of life-of-mine gold production and 50% of life-of-mine silver production, effectively reducing project capex by close to 30%. From a technical perspective SSP couldn't be trading much better. Since breaking out in February from a 12+ month broad based bottom shares of SSP have stair-stepped higher in textbook manner: SSP has followed a pattern of advancing on heavy volume and pulling back on light volume while finding support near its rising 50-day moving average on three different occasions during the advance of the last five months. Toroparu is located in Guyana which is a British Commonwealth country and the only English speaking country in South America. It also boasts impressive geology with numerous gold anomalies surrounding Toroparu at the edge of the Puruni Shear Corridor, a regional feature that can be traced more than 100km into the Venezuelan Gold District. Sandspring is looking to follow the lead in Guyana of neighboring gold miner Guyana Goldfields (GUY.TO). GUY is located just 50km away from Sandspring's Toroparu Project and they advanced their Aurora Project to production last August. GUY already sports an impressive valuation (enterprise value of ~$200/ounce in gold resources). As Sandspring advances its project toward and eventually into production, SSP shares should revalue upwards in much the same way that Guyana Goldfields shares did as GUY advanced its Aurora Gold Mine into production. As investors scour the gold mining landscape for the few remaining pieces of low hanging fruit, Sandspring Resources is a gold explorer that could bear some sweet fruit for investors. SSP offers substantial potential for upward revaluation both due to its attractive leverage to a rising gold price and its clear path toward de-risking its flagship Toroparu Project in what is possibly South America's best mining jurisdiction, Guyana.

 

[greenhorn]

liest sich Sahne.......wann kam das raus?

 

[dukezero]

greenhorn schrieb am 22.07.2016, 09:52 Uhr[/url]"] liest sich Sahne.......wann kam das raus?

Ich habs bei Wallstreet online ohne link gefunden!

 

[greenhorn]

super! ist auch ganz gut beschrieben - als Vergleich kann man GUY heranziehen, das SSP auch mal in diese Kursregionen vordringt halte ich bei passenden Marktumständen mehr als möglich, oder eben vorher Übernahme

dukezero schrieb am 22.07.2016, 13:26 Uhr[/url]"]

greenhorn schrieb am 22.07.2016, 09:52 Uhr[/url]"] liest sich Sahne.......wann kam das raus?

Ich habs bei Wallstreet online ohne link gefunden!

 

[dukezero]

http://www.marketwired.com/press-release/sandspring-resources-commences-2016-exploration-campaign-tsx-venture-ssp-2151376.htm


!!!!!!!!!!!

 

[dukezero]

http://www.marketwired.com/press-release/sandspring-resources-commences-2016-exploration-campaign-tsx-venture-ssp-2151376.htm


!!!!!!!!!!!