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Golden Spike Announces Soil Sampling Results and Receipt of Exploration Permits
VANCOUVER, BC / ACCESSWIRE / March 6, 2023 / Golden Spike Resources Corp. ( CSE:GLDS ) (" Golden...
About this update from Golden Spike Resources Corp.
[{"type":"text","content":"Golden Spike Announces Soil Sampling Results and Receipt of Exploration PermitsVANCOUVER, BC / ACCESSWIRE / March 6, 2023 / Golden Spike Resources Corp. (CSE:GLDS) (\"Golden Spike\" or the \"Company\") is pleased to announce that it has received full analytical results from a program of soil sampling at the Vein Zone target, located in the northern portion of the Gregory River Copper-Gold property (the \"Property\") in western Newfoundland. In addition, the Company has also received all required Government of Newfoundland and Labrador permits to initiate the 2023 exploration program.Highlights:Soil results reveal several westerly-trending, multi-element anomalies with copper, zinc, gold, cobalt and arsenic values.The linear soil anomalies overlap with, or occur adjacent to, the locations of known veins at the Court A, B, and C prospects, but also continue for more than one kilometre along strike over areas with no previous documented exploration.The soil survey also reveals additional multi-element anomalies providing compelling exploration targets for new veins.Golden Spike's President and CEO, Keith Anderson commented,\"We are excited to receive the results from our initial soil sampling program at our 100%-controlled Gregory River Property. These wide-spaced soil samples were initially collected to test the effectiveness of soil surveying over the Vein Zone and the results are very encouraging. Not only did the soil survey results provide anomalous geochemical responses near each of the known vein occurrences, but these anomalies continue for more than one kilometre along strike providing strong exploration targets for vein-style mineralization. The survey also identified several new prospective trends between the known veins, in areas with no previous documented exploration. With all exploration permits now in hand, we look forward to fine-tuning our exploration program and initiating field work for an exciting 2023 field season.\"2022 Soil Sampling ProgramDuring late 2022, the Company completed a program of wide-spaced soil sampling over an approximate 1.6-kilometre by 2.0-kilometre grid at the Vein Zone (Figure 1). The survey comprised of 203 samples, collected at 200-metre line spacing and 50-metre sample spacing, targeting the B-horizon soil layer. Due to difficult weather conditions and the boggy terrain overlying much ...