Golden Spike Commences 2025 Exploration Program at Gregory River
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 (OTCQB: GSPRF) ha avviato il programma di esplorazione estiva 2025 presso la proprietà Gregory River Copper-Gold, di sua proprietà al 100%, situata nella parte occidentale di Terranova. Il programma comprende riparazioni dei sentieri, un programma di perforazione Winkie di 500 metri e campionamenti regionali del suolo.
La campagna di perforazione si concentrerà su diversi obiettivi di rame-oro in stile VMS e vene, inclusi Lode 9, Lower Mitchell, Court A e Vein Zone West. Il programma utilizzerà una trivella Winkie montata su UTV che produce carote di diametro 27 mm, con più fori poco profondi di media 50 metri di profondità. Risultati significativi giustificheranno ulteriori esplorazioni con attrezzature più grandi.
Tra gli obiettivi principali spicca il prospect Lower Mitchell, che in precedenza ha fornito campioni con il 2,73% di rame su 5 metri, e il prospect Court A, caratterizzato da vene di rame ad alta gradazione che variano dall'1% al 25%. L’azienda prevede di raccogliere circa 700 campioni di suolo per affinare il targeting delle perforazioni e valutare possibili estensioni delle zone mineralizzate.
Golden Spike Resources (OTCQB: GSPRF) ha iniciado su programa de exploración de verano 2025 en la propiedad Gregory River Copper-Gold, 100% de su propiedad, ubicada en el oeste de Terranova. El programa incluye reparación de senderos, un programa de perforación Winkie de 500 metros y muestreo regional de suelos.
La campaña de perforación se centrará en varios objetivos de cobre y oro tipo VMS y vetas, incluyendo Lode 9, Lower Mitchell, Court A y Vein Zone West. El programa utilizará un equipo de perforación Winkie montado en un UTV que produce núcleos de 27 mm de diámetro, con múltiples perforaciones poco profundas que promedian 50 metros de profundidad. Los hallazgos significativos justificarán exploraciones posteriores con equipos más grandes.
Entre los objetivos destacados se encuentra el prospecto Lower Mitchell, que anteriormente arrojó muestras con 2.73% de cobre en 5 metros, y el prospecto Court A, que presenta vetas de cobre de alta ley que varían entre 1% y 25%. La compañía planea recolectar aproximadamente 700 muestras de suelo para afinar el enfoque de perforación y evaluar posibles extensiones de las zonas mineralizadas.
Golden Spike Resources (OTCQB: GSPRF)는 뉴펀들랜드 서부에 위치한 100% 소유의 Gregory River Copper-Gold 광산에서 2025년 여름 탐사 프로그램을 시작했습니다. 이번 프로그램에는 트레일 수리, 500미터 Winkie 시추 프로그램, 지역 토양 샘플링이 포함됩니다.
시추 캠페인은 Lode 9, Lower Mitchell, Court A, Vein Zone West를 포함한 여러 VMS 및 정맥형 구리-금 목표지에 집중됩니다. 프로그램은 UTV에 장착된 Winkie 시추 장비를 사용하여 직경 27mm의 시추 코어를 생산하며, 평균 깊이 50미터의 얕은 구멍 여러 개를 뚫을 예정입니다. 중요한 발견이 있을 경우 더 큰 장비를 사용한 후속 탐사가 진행됩니다.
주요 목표로는 이전에 5미터 구간에서 2.73% 구리 샘플을 산출한 Lower Mitchell 전망지와 1%에서 25% 사이의 고등급 구리 정맥이 있는 Court A 전망지가 포함됩니다. 회사는 약 700개의 토양 샘플을 수집하여 시추 목표를 정밀화하고 잠재적인 광물화 구역 확장을 평가할 계획입니다.
Golden Spike Resources (OTCQB : GSPRF) a lancé son programme d'exploration estivale 2025 sur la propriété Gregory River Copper-Gold, dont elle est propriétaire à 100 %, située dans l'ouest de Terre-Neuve. Le programme comprend des réparations de sentiers, un programme de forage Winkie de 500 mètres et un échantillonnage régional des sols.
La campagne de forage se concentrera sur plusieurs cibles de cuivre-or de type VMS et veine, notamment Lode 9, Lower Mitchell, Court A et Vein Zone West. Le programme utilisera une foreuse Winkie montée sur UTV produisant des carottes de 27 mm de diamètre, avec plusieurs trous peu profonds d'une profondeur moyenne de 50 mètres. Des résultats significatifs justifieront une exploration de suivi avec un équipement plus important.
Parmi les cibles notables figurent le prospect Lower Mitchell, qui avait précédemment livré des échantillons à 2,73 % de cuivre sur 5 mètres, et le prospect Court A, présentant des veines de cuivre à haute teneur variant de 1 % à 25 %. La société prévoit de collecter environ 700 échantillons de sol pour affiner le ciblage des forages et évaluer les extensions potentielles des zones minéralisées.
Golden Spike Resources (OTCQB: GSPRF) hat sein Sommer-Explorationsprogramm 2025 auf dem zu 100 % im Besitz befindlichen Gregory River Kupfer-Gold-Grundstück im Westen von Neufundland gestartet. Das Programm umfasst Wegeinstandsetzungen, ein 500-Meter-Winkie-Bohrprogramm und regionale Bodenprobenahmen.
Die Bohrkampagne konzentriert sich auf mehrere VMS- und gangartige Kupfer-Gold-Ziele, darunter Lode 9, Lower Mitchell, Court A und Vein Zone West. Das Programm wird eine UTV-montierte Winkie-Bohranlage verwenden, die Kernproben mit einem Durchmesser von 27 mm produziert, mit mehreren flachen Löchern mit einer durchschnittlichen Tiefe von 50 Metern. Bedeutende Funde werden eine Folgeexploration mit größerer Ausrüstung rechtfertigen.
Bemerkenswerte Ziele sind der Lower Mitchell Prospekt, der zuvor Proben mit 2,73 % Kupfer über 5 Meter lieferte, und der Court A Prospekt, der hochgradige Kupferadern von 1 % bis 25 % aufweist. Das Unternehmen plant, etwa 700 Bodenproben zu sammeln, um die Bohrziele zu verfeinern und mögliche Erweiterungen mineralisierter Zonen zu bewerten.
- Multiple high-potential copper-gold targets identified for drilling
- Previous sampling at Lower Mitchell showed significant results: 2.73% copper over 5 metres
- Court A prospect demonstrated high-grade copper values ranging 1-25%
- Comprehensive exploration approach combining drilling, soil sampling, and prospecting
- Shallow drilling depth (50m average) limits deep exploration potential
- Small core diameter (27mm) may affect sample quality and interpretation
- Historical drill data cannot be fully validated
- Weather constraints have previously affected exploration activities
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2025) - Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) ("Golden Spike" or the "Company") is pleased to announce the launch of its 2025 summer exploration program on its
"This is a very exciting time for Golden Spike as we begin our 2025 exploration season," said Keith Anderson, President and CEO. "With trail work underway and the winkie drill mobilizing shortly, we are eager to advance our understanding of several high-potential VMS and vein-style copper-gold targets. The Gregory River Property continues to show excellent promise, and this summer's work will play a key role in unlocking its full value."
The trail repairs and drilling will be completed by Majors Contracting Ltd. using a UTV-mounted winkie drill rig producing AQ diameter core (27 mm). Several shallow drill holes, each averaging about 50 meters in drilled depth will be completed at each target area and are designed as a prospecting tool to explore near-surface prospects and anomalies. Any significant results will be followed up with a larger diamond drill rig, capable of deeper holes and larger diameter core during future exploration phases. The winkie drilling is expecting to be completed over a several week program during July with analytical results completed near the end of the summer.
Drill Targets
Lode 9 - Northeast
Located in the northeast corner of the Lode 9 target area is a high priority, north-trending IP/resistivity ("IP") anomaly that was revealed during the 2024 exploration program (refer to press release dated October 17, 2024 "Golden Spike Announces IP Survey Results from Gregory River"). Even though the IP anomaly was scheduled to be drilled during the 2024 drilling program, the hole was postponed due to weather constraints. The area of the anomaly is covered with overburden and is close to the interpreted basalt-gabbro contact, a prime location for VMS mineralization in this district. In addition, the IP anomaly is adjacent to both >100 ppm copper and >100 ppm zinc historical soil anomalies collected by Noranda in 1991 (Sparkes, K, December 1991, First year assessment report on Geological, Geochemical, Geophysical and Diamond Drilling Exploration for Licence 4026 on Claim Blocks 7053, 7057 and 7059 for 1991 Submission for Fee Simple Grant Volume 2 Folio 31 in the Camp Brook, Mitchell Brook and Gregory River Areas, Newfoundland. Assessment File 12G/08/0098). The Company has not been able to validate the results of Noranda's historical soil sampling in this area, however it should be noted that Noranda was a very large, reputable company that would have had sampling and quality control processes in place that were considered industry standard for the time and the QP feels that it is reasonable to report these results as historical as they provide a useful guide for future exploration.
Figure 1 - Areas of 2025 Winkie Drilling at Gregory River
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8310/258061_19d7818f84159901_001full.jpg
Lower Mitchell
The Lower Mitchell prospect is an east-to north-east trending, structurally controlled zone, hosted within intensely silicified basalt, and mineralized with pyrite, chalcopyrite, arsenopyrite and traces of sphalerite. The mineralization is exposed in several outcrops over a length of approximately 180 metres and has never been drilled. The Company collected numerous channel chip, grab and float samples in 2022, all returning anomalous copper and gold values, along with minor amounts of zinc, arsenic and occasional cobalt. Included in the sampling was Channel Line 2, which returned
Court A
The Court A prospect is in the Vein Zone target area and occurs as a 1- to 2-metre-wide quartz-carbonate-sulphide vein exposed in the bed of a narrow creek. The vein is exposed over a length of approximately 50 metres, before it disappears below overburden. Mineralization is predominantly pyrite, chalcopyrite, arsenopyrite and minor bornite and sphalerite. Copper grades are generally very high, ranging between approximately
Interpretations by Golden Spike suggest that the 17 historical drill holes from the 1950's that traced the structure over approximately 320 metres might not have tested the full potential width of the vein system, as drill records show only the highest-grade portion of the vein was sampled, leaving most of surrounding altered and mineralized host rock unsampled. Potential exists for wider, mineralized haloes to surround the main veins and for the discovery of new veins hidden below surface soil and till cover. The historical drill holes were completed by Cape Copper Mines Ltd. between 1951 and 1954 and are documented in the following reports: "Gillespi, C.R., 1951, Diamond Drilling Core Logs Holes 1 to 9, Gregory River Area, Unpublished Report, Geological Survey of Newfoundland, Assessment File 012G/0011"; "McKillop, J.H., 1953, Diamond Drill Logs Hole 14 to Hole 17, Gregory River Copper, West Coast Newfoundland, Unpublished Report, Geological Survey of Newfoundland, Assessment File 012G/015"; "Bichan, W J, Rogers, J C and McKillop, J, 1954. Report on geological and diamond drilling exploration on Reid Lots and claims 3712-3715 in the Gregory River area, western Newfoundland. Assessment File 12G/08/0126, 1954".
None of the historical core from Court A has been kept and the Qualified Person ("QP") is not able to validate any of the historical drill results. However, recent surface sampling by the Company corresponds with the general grades reported from these drill holes and the QP feels that it is reasonable to report these drill holes as historical as they provide a useful guide for future exploration. It should be noted that gold and other elements were not analysed for these historical drill holes, but these will be analysed in the upcoming program.
Vein Zone West
The Vein Zone West area is defined by a series of east-northeast trending >150 ppm copper soil anomalies, with individual sample grades as high as 1,080 ppm copper. The soil anomalies can be traced over a length of 1,500 m and widths generally average between 50 and 100 metres (refer to press release dated October 29, 2024, "Golden Spike Announces Start of Drilling, and Rock and Soil Sampling Results from Gregory River"). This area is completely covered by a thin veneer of soil and till and has never been drill-tested.
In addition to the winkie drilling, Golden Spike will also initiate a detailed soil sampling and prospecting program across key prospective areas of the property to refine drill targeting and evaluate potential extensions to known mineralized zones. In total, approximately 700 samples will be collected by the Company over the areas north and south of the Steep Brook Target, as well as the area to the east of the main Vein Zone showings.
The upcoming drill and soil sampling programs are designed to build upon previous surface and geophysical work, targeting structurally controlled mineralization and geochemical anomalies identified in earlier campaigns. Golden Spike remains committed to responsible exploration practices and continues to work collaboratively with local communities and stakeholders throughout the region.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved for disclosure by Mr. Robert Cinits, P.Geo, a Director of the Company and a "Qualified Person" within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Golden Spike
Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) is a Canadian mineral exploration company focused on identifying, acquiring and unlocking value in mineral opportunities in Canada and other low-risk jurisdictions. The Company currently holds
For further information, please contact: Keith Anderson, President, Golden Spike Resources Corp. Tel: 604-786-7774, Email: kanderson7774@gmail.com.
Website: https://www.goldenspikeresources.com
ON BEHALF OF THE BOARD OF DIRECTORS
Keith Anderson
Golden Spike Resources Corp.
830 - 1100 Melville St.,
Vancouver, BC, V6E 4A6
+1 (604) 786-7774
info@goldenspikeresources.com
www.goldenspikeresources.com
"Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release."
Cautionary Note Regarding Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" occur.
Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the volatility of global capital markets, political instability, unanticipated costs, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the lack of availability of capital and financing, general economic, market or business conditions, adverse weather conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), increase in costs, litigation, failure of counterparties to perform their contractual obligations, failure of the exploration program, including the recent IP survey and the recent drilling program to result in the discovery of significant precious and/or base metal mineralization, and those risks, uncertainties and factors set forth in the Company's disclosure record under the Company's profile on SEDAR+ at www.sedarplus.ca . Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information contained herein. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement or forward-looking information disclosed herein, except in accordance with applicable securities laws.
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FAQ
What are the main targets of GSPRF's 2025 Gregory River exploration program?
What were the significant copper findings at GSPRF's Lower Mitchell prospect?
How many soil samples will Golden Spike collect in the 2025 Gregory River program?
What type of drilling equipment is GSPRF using at Gregory River in 2025?
What are the copper grades reported at GSPRF's Court A prospect?
