GoldSpring still worth looking at

On December 22, 20007, we posted a blog where we thought GoldSpring (GSPG) was worth a look, at the time the stock was trading at $0.013, it has since traded up to $0.015and as low as $0.010. We still feel the stock is worth looking at.

Here is some news from the company on Jan 3, 2008.
GoldSpring, Inc. (OTC Bulletin Board: GSPG) announced today that the second round of drilling will commence today. GoldSpring performed in-house atomic absorption assays of the first drill holes and they are encouraged by the results. The Company has sent the drill samples to American Assay, an accredited lab, for third party verification. The Company expects American Assay results before month end at which time GoldSpring intends to publish the results from phase 1 drilling.

Additionally, the stock continues to be the most traded stock on the OTCBB with 67 million shares trading hands. The next closest was AKNS at 22 million shares.

Also, YTD the DJ Gold Mining Index is up 8.47%, which is leader so far in this short year. It is followed by the Heavy Construction Index at 5.21%.

We hold no position in GSPG.

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