Welcome to our dedicated page for Golden Spike news (Ticker: GSPRF), a resource for investors and traders seeking the latest updates and insights on Golden Spike stock.
Golden Spike Resources Corp. (OTCQB: GSPRF; CSE: GLDS; FSE: L5Y) generates a steady stream of technical and corporate news tied to its exploration work at the Gregory River copper-gold property in western Newfoundland. As a Canadian mineral exploration company focused on volcanogenic massive sulphide (VMS) and copper ± gold vein targets, its updates often contain detailed geological and assay information.
On this page, readers can follow news about Golden Spike’s multi-phase exploration programs, including prospecting and rock sampling campaigns, soil geochemistry surveys, induced polarization/resistivity (IP) results, and both diamond drilling and Winkie drilling. Releases describe work at key targets such as Steep Brook, Lode 9, Lode 9 Northeast, the Vein Zone (including Court A, B and C), Lower Mitchell and Vein Zone West, with summaries of significant copper, gold, zinc and associated pathfinder element results where available.
In addition to project-level updates, Golden Spike’s news flow includes information on private placement financings, flow-through and non-flow-through unit offerings, and participation by investors and finders. The company also reports on support from programs such as the Newfoundland Junior Exploration Assistance (JEA) Program and provides Qualified Person statements and QA/QC details for its sampling and analytical work.
Investors and observers can use this news feed to monitor Golden Spike’s ongoing exploration progress, from initial target definition through drilling campaigns and interpretation of results, as the company works to evaluate the copper-gold potential of the Gregory River VMS-belt and associated vein systems.
Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) has closed a non-brokered private placement financing of 4,166,166 Units at $0.15 per Unit, raising $625,000 in gross proceeds. Each Unit includes one common share and one-half of a transferable common share purchase warrant, with each warrant allowing purchase of an additional common share at $0.30 for two years. The company paid $8,000 in cash and issued 1,200 Warrants in Finder's fees. Eric Sprott, through 2176423 Ontario , acquired 2,000,000 Units for $0.15 per Unit, investing $300,000. Post-placement, Sprott owns 12.3% of outstanding shares (16.5% partially-diluted). Proceeds will fund the exploration of Golden Spike's Gregory River copper-gold property in Newfoundland and for general working capital.
Golden Spike Resources Corp. (CSE: GLDS, OTCQB: GSPRF, FSE: L5Y) has amended its non-brokered private placement financing to offer 4,170,500 units at $0.15 per unit, raising $625,575. Each unit includes one common share and one-half of a transferable common share purchase warrant, exercisable at $0.30 for two years. The offering, set to close on June 21, 2024, is oversubscribed with a significant lead order from Eric Sprott, enhancing his stake to over 10%. The funds will support exploration of Golden Spike's Gregory River copper-gold property in Newfoundland and general working capital. The property, acquired in July 2022, spans 3,425 hectares and features multiple high-grade copper and gold veins. Exploration will focus on Lode 9, Steep Brook, and the Vein Zone, with drilling planned for fall 2024. The company emphasizes sustainable and community-focused exploration practices.
Golden Spike Resources Corp. (CSE: GLDS, OTCQB: GSPRF, FSE: L5Y) announced an oversubscribed non-brokered private placement financing of up to 4,000,000 units at $0.15 per unit, totaling $600,000. Each unit includes one common share and one-half of one transferable common share purchase warrant, exercisable at $0.30 for two years. Eric Sprott, a major shareholder, has made a lead order in this financing. Proceeds will fund exploration of Golden Spike's Gregory River copper-gold property in Newfoundland and general working capital. The exploration includes prospecting, IP/Resistivity surveys, and drilling to identify high-grade copper-gold targets.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Golden Spike (GSPRF)?
What is the market cap of Golden Spike (GSPRF)?
