Golden Spike Stock Price, News & Analysis

Golden Spike (OTCQB: GSPRF) reported results from an August 2025 Winkie drill program at the 100% owned Gregory River property, Newfoundland, testing Lode 9 NE, Lower Mitchell and West Vein targets.

Key intercepts at Lower Mitchell include 0.68 g/t AuEq over 29.45 m (WD25-08) and 0.30 g/t AuEq over 53.4 m (WD25-05), plus higher-grade cores such as 1.02 g/t AuEq over 11.65 m and a 0.5 m interval of 5.46 g/t AuEq. Lode 9 NE returned narrow copper-rich intervals (e.g., 1.06% Cu over 0.6 m).

Drilling totaled 423.7 m over eight shallow holes (34–63 m), core recovery >95%, and AuEq was calculated using assumed metal prices and 70% recoveries; no metallurgical testwork reported. Results are early-stage and require follow-up drilling and testing.

Golden Spike Resources (OTCQB: GSPRF) has completed its Winkie drilling and soil sampling programs at the Gregory River Copper-Gold Property in western Newfoundland. The exploration program included eight shallow drill holes totaling 423.7 meters targeting the Lode 9 Northeast VMS target and the Lower Mitchell and Vein Zone West vein-style copper-gold targets.

The company collected 623 soil samples over a 2.6 km by 2.0 km grid at the Steep Brook North target area. All samples have been sent to Eastern Analytical Laboratory for analysis, with results expected by October. Golden Spike plans to conduct additional prospecting and sampling later this fall.

Golden Spike Resources (OTCQB: GSPRF) has launched its 2025 summer exploration program at the 100%-owned Gregory River Copper-Gold Property in western Newfoundland. The program includes trail repairs, a 500-meter Winkie drill program, and regional soil sampling.

The drilling campaign will focus on several VMS and vein-style copper-gold targets including Lode 9, Lower Mitchell, Court A, and Vein Zone West. The program will utilize a UTV-mounted winkie drill rig producing 27mm diameter core, with multiple shallow holes averaging 50 meters in depth. Significant findings will warrant follow-up exploration with larger equipment.

Notable targets include the Lower Mitchell prospect, which previously yielded samples of 2.73% copper over 5 metres, and the Court A prospect, featuring high-grade copper veins ranging from 1% to 25%. The company plans to collect approximately 700 soil samples to refine drill targeting and evaluate potential mineralized zone extensions.

Golden Spike Resources (GSPRF) has announced final assay results from its 2024 diamond drilling program at the Gregory River VMS property in Newfoundland. The program comprised 10 reconnaissance diamond drill holes totaling 1,927m across three target areas: Steep Brook, Lode 9, and Vein Zone.

Key highlights include:

• Steep Brook: 0.33% copper, 0.04 g/t gold over 11.15m, including 1.29% copper segments
• Lode 9: 1.49% copper, 0.45 g/t gold over 2.88m, including high-grade sections up to 4.63% copper
• Vein Zone: 0.27% copper over 5.95m and 1.25% copper over 0.5m

The drilling program validated the company's exploration model, discovering multiple sulphide-mineralized zones. Most holes intersected varying amounts of disseminated and/or fracture/veinlet-hosted to semi-massive pyrite mineralization. The company plans additional exploration activities for 2025, including soil sampling, rock sampling, geological mapping, and diamond drilling.

Golden Spike Resources (GSPRF) has completed its 2024 diamond drilling program at the Gregory River Property in Newfoundland. The program, conducted between October 28 and December 16, successfully completed 10 holes totaling 1,927 metres, targeting VMS and vein-style mineralization. The drilling covered three areas: 5 holes (921m) at Steep Brook, 3 holes (654m) at Lode 9, and 2 holes (352m) at the Vein Zone.

All ten holes intersected visual signs of disseminated and/or fracture/veinlet hosted and semi-massive pyrite and/or chalcopyrite mineralization. Core samples have been submitted to SGS for analysis, with initial assay results expected in January. The company also received a $95,691.86 grant from the Newfoundland Junior Exploration Assistance Program.

Golden Spike Resources has completed five diamond drill holes totaling 921 meters at the Steep Brook VMS target of its Gregory River Property in Newfoundland. Notable mineralization was found in holes GR-24-03 and GR-24-05, with chalcopyrite content ranging from trace amounts to 50% over various intervals. The drilling program has now moved to the Lode 9 Target, where approximately 4 holes totaling 900m are planned, followed by 4 holes at the Vein Zone. Initial assay results are expected in 4-6 weeks. The company has received a $95,691.86 grant from the Newfoundland Junior Exploration Assistance Program.

Golden Spike Resources has completed the second and final tranche of its non-brokered private placement, raising $225,000 through the issuance of 1,125,000 non-flow-through units at $0.20 per unit. Each unit includes one common share and half a warrant exercisable at $0.30 until November 1, 2026. The company issued 7,500 finder's warrants and paid $1,500 in finder's fees. The total proceeds from both tranches amount to $782,500 through the issuance of 3,912,500 units. All securities have a four-month hold period.

Golden Spike Resources has commenced its inaugural drilling program at the Gregory River property's Steep Brook target in Newfoundland. Recent rock sampling results revealed significant copper values, with several samples exceeding 1.0% copper and reaching up to 7.57% copper, along with gold values up to 0.47 g/t. Channel Line #2 returned notable results of 2.5% copper and 0.2 g/t gold over 2.5 metres. The company also completed in-fill soil sampling at the Vein Zone, which extended and enhanced known copper anomalies. The planned drilling program includes approximately 14 holes totaling 3,000 meters across three target areas. Additionally, the company received approval for $95,691.86 in funding through the Newfoundland Junior Exploration Assistance Program.

Golden Spike Resources has initiated the mobilization of diamond drill equipment and crews for its upcoming drilling program at the Gregory River copper-gold property in western Newfoundland. The program will consist of approximately 14 drill holes totaling 3,000 meters, targeting the Steep Brook, Lode 9, and Vein Zone areas. The drilling will focus on First Priority IP targets supported by geological interpretations, geochemical data, historical drilling, and airborne magnetic data. The company has received all necessary permits and has prepared drill platforms at Steep Brook. Additionally, Golden Spike has been awarded $95,691.86 through the Newfoundland Junior Exploration Assistance (JEA) Program.