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TriMetals Mining to rebrand as Gold Springs Resource

TriMetals Mining Inc. plans to change its name to Gold Springs Resource Corp. to reflect its focus on the Gold Springs project that straddles the borders of Nevada and Utah.

The company also intends to change its trading symbol to GRC on the TSX and the U.S. OTCQB.

According to an Oct. 10 release, drilling at the property's Homestake target recently started, with first results expected in December.

The rebrand comes after TriMetals agreed to sell the Escalones copper-gold project in Chile to Wealth Minerals Ltd. in December 2018.

In August, TriMetals reached a US$25.8 million settlement with the Bolivian government on the country's 2012 seizure of the Malku Khota silver-indium project. An arbitration court awarded the company about US$28 million in November 2018 over the dispute, far less than the US$385.7 million it had sought.