Drill Results
Golden Spike completes drilling, sampling at Gregory
GLDS · Price
Executive Summary
- Golden Spike Resources Corp. has completed its Winkie drilling and soil sampling programs on its 100%-owned Gregory River copper-gold property in Western Newfoundland.
- The exploration work included eight shallow drill holes totaling approximately 423.7 meters and the collection of 623 soil samples across a 2.6 km by 2.0 km grid at the Steep Brook North target.
- Samples have been shipped to Eastern Analytical Laboratory for analysis, with results anticipated by October; the company plans to return to the property in the fall for further prospecting.
Key Details
- Drilling Program:
- Completed 8 shallow drill holes.
- Total footage: Approximately 423.7 meters.
- Rig: UTV-mounted Winkie drill rig producing AQ diameter core (27 millimeters).
- Collar angles: Negative 45 degrees.
- Depths: Ranged between 34 meters and 63 meters.
- Targets Tested: Lode 9 Northeast volcanogenic massive sulphide (VMS) target; Lower Mitchell and Vein Zone West vein-style copper-gold plus/minus zinc targets.
- Soil Sampling Program:
- Location: Steep Brook North target area (high-priority segment of the Gregory River VMS-target corridor).
- Grid Coverage: Approximately 2.6 km by 2.0 km.
- Sample Count: 623 soil samples collected.
- Spacing: 200 m spaced lines with 50 m sample spacing along each line.
- Method: Hand soil auger from the B-horizon.
- QA/QC: Duplicate soil samples collected at an approximate frequency of 5%.
- Laboratory and Analysis:
- Lab: Eastern Analytical Laboratory in Springdale, Nfld.
- Analysis Method: Gold by 30 g fire assay with an AA finish and a 34-element ICP suite of elements.
- QA/QC: Includes regular insertion of company standards (commercially purchased certified reference material) and coarse blanks.
- Timeline and Next Steps:
- Analytical results expected by October.
- Company plans to return to the property later this fall for additional prospecting and rock/soil sampling over key ATV-accessible target areas.
Notable Quotes
- "We are very pleased with the efficiency and execution of this summer's exploration work... The combination of targeted drilling and soil sampling represents an important step forward in advancing our understanding of the project and defining areas for further exploration." — Keith Anderson, President and CEO