Golden Spike Announces Start of 2024 Exploration Program and a Corporate Update Vancouver, British Columbia--(Newsfile Corp. - July 17, 2024) - Golden Spike Resources Corp. (
CSE: GLDS) (
OTCQB: GSPRF) (FSE: L5Y) ("
Golden Spike" or the "
Company") is pleased to announce that crews are mobilizing for the start of the 2024 exploration program on its 100%-owned Gregory River copper-gold property ("
the Property") in western Newfoundland.
Exploration Program Highlights: - Induced polarization/resistivity ("IP") surveys over the Steep Brook target and a portion of the Vein Zone.
- Prospecting and geological mapping/sampling over the Steep Brook target and various other key targets throughout the Property.
Golden Spike's President and CEO, Keith Anderson commented,
"We are excited that crew have started mobilizing for our 2024 exploration program, with the aim to complete IP surveys over the upcoming weeks at two of our key target areas, Steep Brook and the Vein Zone. Once the surveys are complete and the data interpreted, we aim to be drill-ready by early fall at Steep Brook, the Vein Zone, and Lode 9. This upcoming program will be the first significant exploration over Steep Brook since the early 1990's and we are looking forward to finally have boots on the ground at such a promising VMS prospect." 2024 Exploration Program The Gregory River copper-gold property work program will commence in mid-July and initially focus on further exploration at the highly prospective Steep Brook VMS-target, as well as the Vein Zone, where a series of sub-parallel, high-grade copper-gold veins have been previously identified (Figure 1). Both of these target areas are fully permitted, allowing the Company to complete the upcoming program and potentially execute any subsequent drill programs this coming fall.
The work program will include IP/Resistivity surveys over Steep Brook and the Vein Zone followed by data interpretation and modelling to generate diamond drill targets. The target generation will also take place over the Lode 9 target, where an IP survey was completed in April 2023. At the same time, prospecting, mapping and sampling will take place over the Steep Brook target and portions of the newly acquired licence area, as well as other potential targets. Drilling would follow in a potential second phase of exploration this fall. Golden Spike is deeply committed to sustainable and environmentally conscious exploration practices. We are working in close partnership with local prospectors, consultants, and the community to kick off our exploration program.