SSP: Mineral Updates Spring Hope

ADAM MELNYK, Canaccord Genuity (03/29/2011)
"Sandspring released both an updated mineral resource and a PEA for its Toroparu gold/copper project in Guyana. The NI 43-101 resource estimate outlined a pit-constrained resource, using a 0.24 g/t AuEq cut-off, of 3.51 Moz. gold and 330 Mlb. copper at 0.72 g/t gold and 0.10% copper in M&I and 4.93 Moz. gold and 236 Mlb. copper at 0.71 g/t gold and 0.05% copper inferred. . .[representing] a total of 9.88 Moz. AuEq."

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