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Golden Spike Resources Corp. Receives $95,691.86 Government Grant Under JEA Program in Newfoundland

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Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) has been awarded a $95,691.86 grant under the Junior Exploration Assistance (JEA) program by the Government of Newfoundland and Labrador. This grant will support the company's ongoing exploration activities on its Gregory River project in Newfoundland. The funding will enable Golden Spike to advance its exploration programs, including IP surveys, prospecting work, and drilling initiatives.

The company plans to complete Induced Polarization (IP) surveys and detailed prospecting on the Gregory River property, followed by a drilling program focusing on high-priority targets. Golden Spike has also engaged Black Swan Solutions Inc. dba VHLA Media for a 6-month digital marketing campaign at a cost of C$100,000 plus GST.

Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) ha ricevuto un finanziamento di $95,691.86 nell'ambito del programma Junior Exploration Assistance (JEA) dal Governo di Terranova e Labrador. Questo finanziamento sosterrà le attività di esplorazione in corso dell'azienda sul progetto Gregory River in Terranova. Le risorse consentiranno a Golden Spike di portare avanti i suoi programmi di esplorazione, inclusi sondaggi IP, lavori di prospezione e iniziative di perforazione.

L'azienda prevede di completare sondaggi di Polarizzazione Indotta (IP) e una prospezione dettagliata sulla proprietà di Gregory River, seguiti da un programma di perforazione focalizzato su obiettivi ad alta priorità. Golden Spike ha anche coinvolto Black Swan Solutions Inc. dba VHLA Media per una campagna di marketing digitale di 6 mesi al costo di C$100,000 più GST.

Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) ha sido galardonada con una subvención de $95,691.86 bajo el programa de Asistencia a la Exploración Junior (JEA) por parte del Gobierno de Terranova y Labrador. Esta subvención apoyará las actividades de exploración en curso de la compañía en su proyecto Gregory River en Terranova. La financiación permitirá a Golden Spike avanzar en sus programas de exploración, incluyendo sondeos IP, trabajo de prospección e iniciativas de perforación.

La empresa planea realizar sondeos de Polarización Inducida (IP) y un detallado trabajo de prospección en la propiedad de Gregory River, seguido de un programa de perforación centrado en objetivos de alta prioridad. Golden Spike también ha contratado a Black Swan Solutions Inc. dba VHLA Media para una campaña de marketing digital de 6 meses a un costo de C$100,000 más GST.

골든 스파이크 리소스 Corp.(CSE: GLDS)(OTCQB: GSPRF)가 뉴펀들랜드와 래브라도 정부의 주니어 탐사 지원 프로그램(JEA)으로부터 $95,691.86의 보조금을 받았습니다. 이 보조금은 뉴펀들랜드에 있는 그레고리 리버 프로젝트에서 회사의 지속적인 탐사 활동을 지원할 것입니다. 이 자금은 골든 스파이크가 IP 조사를 포함한 탐사 프로그램을 진행하고, 탐사 작업 및 시추 이니셔티브를 추진하는 데 도움이 될 것입니다.

회사는 그레고리 리버 소유지에 대한 유도 분극(IP) 조사를 완료하고, 우선 순위가 높은 목표에 중점을 둔 시추 프로그램을 진행할 계획입니다. 골든 스파이크는 또한 6개월 디지털 마케팅 캠페인을 위해 블랙 스완 솔루션즈 Inc. dba VHLA 미디어를 고용했으며, 비용은 C$100,000에 GST 포함입니다.

Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) a reçu une subvention de $95,691.86 dans le cadre du programme d'Assistance à l'Exploration Junior (JEA) du Gouvernement de Terre-Neuve-et-Labrador. Cette subvention soutiendra les activités d'exploration en cours de l'entreprise sur son projet Gregory River à Terre-Neuve. Le financement permettra à Golden Spike d'avancer dans ses programmes d'exploration, y compris les enquêtes IP, les travaux de prospection et les initiatives de forage.

L'entreprise prévoit de réaliser des enquêtes de Polarisation Induite (IP) et une prospection détaillée sur la propriété de Gregory River, suivies d'un programme de forage axé sur des cibles de haute priorité. Golden Spike a également engagé Black Swan Solutions Inc. dba VHLA Media pour une campagne de marketing digital de 6 mois au coût de C$100,000 plus GST.

Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) hat eine Förderung in Höhe von $95,691.86 im Rahmen des Junior Exploration Assistance (JEA) Programms von der Regierung von Neufundland und Labrador erhalten. Diese Förderung wird die laufenden Explorationsaktivitäten des Unternehmens im Gregory River Projekt in Neufundland unterstützen. Die Mittel ermöglichen es Golden Spike, seine Explorationsprogramme voranzutreiben, einschließlich IP-Umfragen, Prospektionsarbeiten und Bohrinitiativen.

Das Unternehmen plant, Induzierte Polarisation (IP) Umfragen und eine detaillierte Prospektion auf dem Gregory River Grundstück abzuschließen, gefolgt von einem Bohrprogramm, das sich auf hochpriorisierte Ziele konzentriert. Golden Spike hat außerdem Black Swan Solutions Inc. dba VHLA Media für eine 6-monatige digitale Marketingkampagne für einen Betrag von C$100,000 zuzüglich GST engagiert.

Positive
  • Received a $95,691.86 government grant to support exploration activities
  • Grant enables advancement of IP surveys, prospecting work, and drilling initiatives
  • Upcoming drilling program planned on high-priority targets
Negative
  • C$100,000 plus GST expense for a 6-month digital marketing campaign

Vancouver, British Columbia--(Newsfile Corp. - August 2, 2024) - Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) ("Golden Spike" or the "Company") is pleased to announce that it has been awarded a grant of $95,691.86 under the Junior Exploration Assistance (JEA) program by the Government of Newfoundland and Labrador. This grant will support the company's ongoing exploration activities on its key properties in Newfoundland.

Highlights of the Grant:

  • Amount Awarded: $95,691.86

  • Purpose: To assist with exploration work on Golden Spike's Gregory River project in Newfoundland.

  • Impact: The grant will enable the Company to advance its exploration programs, including IP surveys, prospecting work, and drilling initiatives.

Keith Anderson, President and CEO of Golden Spike Resources Corp., commented: "We are extremely grateful for the support from the Government of Newfoundland and Labrador through the JEA program. This funding will significantly enhance our ability to continue exploration and development on our Newfoundland properties. We are committed to conducting our activities in an environmentally responsible manner, and this grant will help us in achieving our goals while also providing economic benefits to the local communities."

Exploration Plans:

  • IP and Prospecting Work: The completion of Induced Polarization (IP) surveys and detailed prospecting on the Gregory River property.

  • Drilling Program: Mobilization for the upcoming drilling program on the property, with a focus on high-priority targets identified through IP and prospecting results.

  • Data Interpretation: Continued interpretation of IP data and prospecting results to refine drill targets.

Community Engagement:

Golden Spike Resources Corp. remains committed to engaging with local communities and stakeholders. The Company will continue to provide updates on exploration progress and ensure that all activities are conducted with the utmost respect for the environment and community interests.

Marketing Engagement:

Golden Spike is pleased to announce it has engaged Black Swan Solutions Inc. dba VHLA Media ("VHLA") to provide certain digital marketing services (the "Services") to the Company, including the development of social media content and a marketing campaign distributed through online platforms, including Instagram, TikTok, Google, and via email through VHLA's mailing list. The Engagement is for a term of 6 months and may be renewed for subsequent periods if mutually agreed upon by VHLA and the Company. As consideration for the Engagement, the Company will pay VHLA a fee of C$100,000 plus GST.

VHLA is a British Columbia-based digital media marketing company, whose contact information is as follows: 14301-312 256th St. Maple Ridge, BC, attention: Dawson Ignatieff, dawson@vhlamedia.com. VHLA has an arm's length relationship with the Company and, to the Company's knowledge, VHLA and its directors and officers do not own any securities of the Company.

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 100% interest in the 5,050-hectare Gregory River Property in Newfoundland, strategically centered over an approximate 11-kilometer-long stretch of the Gregory River VMS-belt, a north-northeast trending corridor of very prospective ground with potential to host Cyprus-type polymetallic VMS deposits. In addition, the Property hosts a cluster of historically explored, high-grade, copper ±gold vein structures.

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 potential future drilling 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218736

FAQ

What is the amount of the grant received by Golden Spike Resources Corp. (GSPRF)?

Golden Spike Resources Corp. (GSPRF) received a grant of $95,691.86 under the Junior Exploration Assistance (JEA) program from the Government of Newfoundland and Labrador.

What will Golden Spike Resources Corp. (GSPRF) use the grant for?

The grant will be used to support ongoing exploration activities on Golden Spike's Gregory River project in Newfoundland, including IP surveys, prospecting work, and drilling initiatives.

What marketing engagement has Golden Spike Resources Corp. (GSPRF) announced?

Golden Spike Resources Corp. (GSPRF) has engaged Black Swan Solutions Inc. dba VHLA Media for a 6-month digital marketing campaign at a cost of C$100,000 plus GST.

What are the exploration plans for Golden Spike Resources Corp. (GSPRF) on its Gregory River property?

Golden Spike Resources Corp. (GSPRF) plans to complete IP surveys, detailed prospecting, and a drilling program focusing on high-priority targets identified through IP and prospecting results on its Gregory River property.

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