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Golden Spike Resources Initiates Field Program over Gregory River Property
VANCOUVER, BC / ACCESSWIRE / November 9, 2022 / Golden Spike Resources Corp. (CSE:GLDS) ("Golden Spike" or the "Company") is pleased to announce that it has ini
About this update from Golden Spike Resources Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / November 9, 2022 / Golden Spike Resources Corp. (CSE:GLDS) (\"Golden Spike\" or the \"Company\") is pleased to announce that it has initiated field work over its Gregory River copper-gold property (the \"Property\"), located in Newfoundland and Labrador. Highlights: Exploration crews have mobilized to the Property site to initiate Phase 1; The Phase 1 program will consist of first-pass soil sampling grids over two key target areas, including the \"Vein Zone\" and the \"Steep Brook North\"; Phase 2 is currently being designed, and upon receipt of exploration permits, will comprise of geological mapping, structural interpretation, additional soil sampling, ground IP/resistivity surveys and a diamond drilling campaign that will test the most prospective of these targets in 2023. Golden Spike's President and CEO, Keith Anderson commented, \"We are very excited to announce the start of our 2023 field exploration campaign over our 100%-controlled Gregory River Property. Over the past several months we have systematically compiled and evaluated dozens of historical files to get a better understanding of the geology, alteration and potential mineralization in the district. With most of this data now digitized we are ready to take the Property to the next step and apply new exploration concepts, strategies, and techniques with the aim to make new mineral discoveries.\" Gregory River Property Overview The Property is comprised of 15, mostly contiguous mineral licences strategically centered over an approximate 11-kilometer-long stretch of the Gregory River volcanogenic massive sulphide (\"VMS\")-belt, a north-northeast trending corridor of very prospective ground with potential to host \"Cyprus-type1\" polymetallic VMS deposits (Figure 1). In addition, the Property hosts a cluster of high-grade, copper ±gold vein structures that occur in the northeast quadrant of the Property (the \"Vein Zone\"). The licences are well located in terms of infrastructure, just 42 km north-northwest of the city of Corner Brook, and 53 km west of the city of Deer Lake. Although intermittent exploration has taken place over the Property and the region since the 1920's and has resulted in the discovery of numerous high-grade copper and gold prospects and occurrences, the Property has not seen any significant activity since 2008 and...