Business
Golden Spike Resources Announces Start of Drilling, and Rock and Soil Sampling Results from Gregory River
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2024) - Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) ("Golden Spike" or the "Co
About this update from Golden Spike Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 29, 2024) - Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) (\"Golden Spike\" or the \"Company\") is pleased to announce that the first drill hole at the Steep Brook target is underway. In addition, the Company is announcing the analytical results from the recent prospecting and rock sampling over the Steep Brook volcanogenic massive sulphide (\"VMS\") target, as well as results from the in-fill soil samples collected at the Vein Zone. Both targets are located at the Company's 100%-owned Gregory River copper-gold property (the \"Property\"), in Newfoundland. Highlights: Drilling has commenced at Gregory River, with the inaugural hole at Steep Brook. Several recently collected rock samples at Steep Brook returned values greater than 1.0% copper, and up to 7.57% copper. Anomalous values of gold, up to 0.47 grams/tonne (\"g/t\") are associated with many of the samples. In-fill soil samples at the Vein Zone further enhance and extend the known copper anomalies. Golden Spike's President and CEO, Keith Anderson commented, \"We are thrilled to announce the start of Golden Spike's inaugural drill campaign, which represents an important milestone for the Company. Our team and consultants have done a tremendous job collecting, analyzing and synthesizing all the data for our three main target areas at Steep Brook, Lode 9 and the Vein Zone and then preparing the infrastructure and drill pads for the drilling program. We will be anxiously awaiting the core as it comes up from the drill holes to see what potential mineralization is associated with the strong IP anomalies. We are also excited that our program of rock sampling at Steep Brook was able to validate the historical high-grade sampling and to provide further support for the drill targets. Finally, we continue to be impressed with the results of the soil surveys at the Vein Zone, which demonstrate the continuity of the copper soil anomalies at the Vein Zone and how effective this is as an exploration technique on the Property.\" Diamond Drilling On October 28, the drill commenced coring at the initial hole at Steep Brook. As previously announced on October 17 and October 24, the drilling program is expected to include approximately 14 holes (3,000 m), split between the Steep Brook, Lode 9 and Vein Zone Tar...