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Golden Spike Resources Announces Reconnaissance Sampling Results
VANCOUVER, BC / ACCESSWIRE / December 21, 2022 / Golden Spike Resources Corp. (CSE:GLDS) ("Golden Spike" or the "Company") is pleased to announce that it has re
About this update from Golden Spike Resources Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / December 21, 2022 / Golden Spike Resources Corp. (CSE:GLDS) (\"Golden Spike\" or the \"Company\") is pleased to announce that it has received analytical results from a recent program of reconnaissance rock sampling over the northern half of the Gregory River Copper-Gold property (the \"Property\"), located in Newfoundland and Labrador. Highlights: 43 reconnaissance rock samples were collected from both several volcanogenic massive sulphide (\"VMS\") and vein-style targets and many returned highly anomalous copper and gold values. 15 samples returned values greater than 1% copper, up to 18.7% copper. 8 samples returned values greater than 0.50 grams per tonne (\"g/t\") gold, up to 5.02 g/t gold. Two channel chip sample lines were collected at the Lower Mitchell vein-style target and returned anomalous values of copper, gold, zinc and silver. Chanel #2 returned 2.73% copper, 0.14 g/t gold and 0.34% zinc over 5 metres, including 12.9% copper, 0.23 g/t gold, 11.5 g/t silver and 0.27% zinc over 1 metre. Golden Spike's President and CEO, Keith Anderson commented, \"We are excited to receive the results from this reconnaissance sampling program at our 100%-controlled Gregory River Property. These samples were collected from multiple target areas in the north half of the Property and provide further support for the range of grades reported from the historically collected samples. In addition to the significant copper grades, many of the samples returned anomalous values of gold ± silver and zinc and other pathfinder elements, further enhancing the exploration potential of the Property. Several of the samples returned gold values greater than 1.0 g/t gold, and as high as 5.02 g/t gold, and these areas will definitely be further evaluated during the next phase of exploration\" Reconnaissance Sampling Program Between August 6 and September 13, 2022, the Company completed prospecting and sampling at selected target areas in the northern half of the Property (Figure 1). The prospects in the southern half of the property, including the recently acquired Steep Brook prospect, were not visited during this program, however, these areas remain key targets that will be evaluated during upcoming phases of exploration. During the recent program, three VMS target areas (Gregory River, Lode 9 and Moose Brook) hosted withi...