The Gold Report

Sandspring Resources Ltd. TICKER: SSP:TSX.V Visit Company Website Sandspring Resources Ltd., a new public company representing 10 years of private operational experience in Guyana, is now a wholly owned subsidiary of Sandspring. It has historically employed surface alluvial and saprolite mining. The future is based discovering a large, open-pittable gold/copper resource of 3.3 Moz. Au Eq. in the alluvial trend. Sandspring is a 3,000-tpd permitted, medium-scale miner, which has initiated a permit application for a large-scale bedrock-mining permit and is road accessible.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Analysis

Jamie Spratt, Clarus Securities (1/31/12) "Sandspring Resources Ltd. announced the results of its revised preliminary economic assessment at its 10 Moz Toroparu project in Guyana. Mineable ounces have increased 15% to 5 Moz over a 21-year mine life and initial capex for the project has declined from $637M to $480M. . .we maintain a Speculative Buy rating."

Lawrence Roulston, Resource Opportunities (12/21/11) "Sandspring Resources Ltd. reported further drill results from its Toroparu gold-copper project in Guyana. Those results continue to support the premise that the deposit hosts a substantial zone with grades well beyond the average for the overall resource. The highlight of the recent drilling was 127m at 1.83 g/t gold plus 0.15% copper. The current resource estimate (sum of Measured, Indicated and Inferred) stands at 7.6 Moz gold with a grade of around a gram per tonne of Au eq."

David West, Salman Partners (11/24/11) "Sandspring Resources Ltd. released assay results from over 12,000m of additional infill, step-out and exploration drilling recently completed at its 100%-owned Toroparu gold-copper project in Guyana. The majority of the holes completed were infill, further indicating the distribution and continuous nature of higher-grade gold mineralization within the main East zone. . .a number of other recently completed stepout holes show possible expansions of mineralization along strike outside the main resource area."

The Gold Report Interview with Ron Struthers (11/18/11) "One of the recent ones I've picked is Sandspring Resources Ltd. Its Toroparu deposit in Guyana has been growing steadily. It's up to 9–10 Moz Indicated and Inferred. That stock's price is between one-half and one-third of its high."

Lawrence Roulston, Resource Opportunities (11/18/11) "Sandspring Resources Ltd. reported further drill results from its Toroparu gold-copper deposit in Guyana. An important objective of the latest drilling was to delineate areas with elevated grades within the deposit. The highlight was an interval of 388m at 2.01 g/t gold plus 0.30% copper. Other results appear to establish a substantial zone of favorable grades and other holes have also encountered significant grades and thicknesses outside of the present resource area. . .the recent results provide evidence of a higher-grade zone that should enhance the value of the deposit. With the deposit at surface and in a favorable location for mine development, the size and grade are very attractive. . .the company will be one of the first beneficiaries of renewed investor interest in junior gold companies."

• Corporate Presentation (10/4/11)
• Corporate Fact Sheet (8/1/11)

(2/21/11) In The Field: Guyana Gold

(9/15/10) Sandspring Featured on Agoracom's Best Small Caps

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