Golden Spike Unveils Promising IP Survey Results from Gregory River

Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) has recently announced the completion of induced polarization/resistivity (IP) surveys over the Steep Brook target and a portion of the Vein Zone on its 100%-owned Gregory River copper-gold property in western Newfoundland. The IP survey results have provided valuable insights into the geological structure and mineralization potential of these target areas, setting the stage for future exploration activities.

The IP survey at the Steep Brook target has revealed compelling anomalies that align with historical exploration data. These anomalies suggest the presence of massive sulphide mineralization, which is characteristic of Cyprus-type VMS deposits. The results have also highlighted the potential for additional high-grade copper-gold vein structures in the area. This new information will be instrumental in refining drill targets and optimizing future drilling programs at Steep Brook.

The IP survey at the Vein Zone has identified several new geological structures and anomalies that could indicate high-grade copper-gold mineralization. These findings correlate well with the previously completed IP survey at the Lode 9 target, further validating the exploration potential of the Vein Zone. The results will be used to prioritize follow-up exploration activities, such as drilling, in this area.

The IP survey results have significantly influenced the planning of future drilling programs at the Gregory River property. Golden Spike is now well-positioned to execute drill programs at Steep Brook, the Vein Zone, and Lode 9 by early fall. These drilling campaigns will aim to test the high-priority targets identified through the IP surveys and further advance the exploration efforts at the property.

The positive IP survey results have the potential to enhance the valuation and investment appeal of Golden Spike Resources Corp. As the company continues to unlock the mineralization potential of the Gregory River property, investors can expect increased visibility into the project's prospects and potential returns. The successful execution of future drilling programs will be crucial in confirming the presence of high-grade copper-gold mineralization and advancing the project towards production.

In conclusion, the IP survey results from the Steep Brook and Vein Zone targets at the Gregory River property have provided valuable insights into the geological structure and mineralization potential of these areas. The findings have set the stage for future drilling programs and have the potential to enhance the investment appeal of Golden Spike Resources Corp. As the company continues to explore and develop the Gregory River property, investors can expect increased visibility into the project's prospects and potential returns.