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. (GSPRF) maintains an active exploration program focused on high-grade copper-gold targets within Newfoundland's Gregory River VMS corridor. This news hub provides stakeholders with timely updates on drilling results, corporate developments, and strategic initiatives essential for understanding the company's progress in mineral exploration.
Investors and industry observers will find comprehensive coverage of operational milestones including geophysical survey findings, diamond drilling outcomes, and partnership announcements. The curated news collection serves as a reliable resource for tracking resource estimation updates, environmental stewardship initiatives, and financial reporting.
Content reflects the company's methodical approach combining historical data analysis with modern exploration technologies like induced polarization surveys. Regular updates detail progress in validating mineralization targets while maintaining emphasis on sustainable practices and community engagement standards.
Bookmark this page for direct access to factual reports on exploration advancements, management commentary, and technical disclosures. Check regularly for new developments as Golden Spike continues systematic evaluation of its Newfoundland properties through phased drilling programs and data-driven target refinement.
Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) has successfully completed its 2024 Phase 1 exploration program at the Gregory River copper-gold property in western Newfoundland. The program included IP/Resistivity surveys, prospecting, sampling, and in-fill soil sampling. Key highlights:
1. IP surveys completed over Steep Brook VMS target and part of the Vein zone
2. Prospecting and sampling conducted across Steep Brook and other areas
3. Additional soil samples collected at the Vein Zone
4. Data will be used to generate drill targets for Steep Brook, Vein zone, and Lode 9 areas
5. Company expects to be drill-ready by early fall 2024
The program, partially supported by a government grant, aims to unlock the mineral potential of the property. Results are being processed and interpreted to prepare for the next phase of exploration, including drill testing of promising targets.
Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) has announced a strategic partnership with Altitude Capital Consultants Inc. to enhance its market presence and investor outreach. The company will compensate Altitude with a $10,000 monthly fee for 12 months, totaling $120,000. Additionally, a one-time fee of $100,000 will be charged for a comprehensive digital marketing campaign. Golden Spike will also grant Altitude 400,000 share purchase options at an exercise price of $0.20 per share.
Michael A. Wekerle, Managing Partner of Altitude, brings extensive experience in capital markets, having played key roles in significant corporate transactions and investments. This partnership aims to support Golden Spike as it advances its exploration and development programs.
Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) has announced a strategic partnership with Altitude Capital Consultants Inc. and ECM Capital Advisors Inc. for market advisory and digital marketing services. The collaboration aims to enhance Golden Spike's market presence and investor outreach as the company advances its exploration and development programs.
Key points of the agreement include:
- A monthly market advisory fee of $10,000 for 12 months, totaling $120,000
- A one-time fee of $100,000 for a comprehensive digital marketing campaign
- Granting of 400,000 share purchase options to Altitude at an exercise price of $0.20 per share
- Potential additional 500,000 share purchase options based on partnership performance
The partnership brings on board Michael A. Wekerle, Managing Partner of Altitude, and Eugene C. McBurney, Managing Partner of ECM, both with extensive experience in capital markets and the mining sector.
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) has announced the start of its 2024 exploration program on the Gregory River copper-gold property in western Newfoundland. The program includes:
1. IP/resistivity surveys over the Steep Brook target and Vein Zone
2. Prospecting and geological mapping/sampling across key targets
3. Aim to be drill-ready by early fall at Steep Brook, Vein Zone, and Lode 9
The company plans to generate diamond drill targets through data interpretation and modeling. Additionally, Golden Spike has granted 1,550,000 stock options to directors, officers, and consultants, exercisable at $0.20 per share for 5 years, subject to regulatory approval.
Golden Spike Resources Corp. (CSE: GLDS, OTCQB: GSPRF, FSE: L5Y) announced the acquisition of an additional mineral license covering 1,625 hectares adjacent to its Gregory River Copper-Gold property in Newfoundland, expanding the property to approximately 5,050 hectares. This expansion includes potential extensions of the Gregory River VMS belt and adds unexplored areas for future discoveries.
The newly acquired land includes historical samples with significant copper and gold grades. Golden Spike plans to initiate a summer exploration program focusing on the Steep Brook VMS-target and the high-grade copper-gold Vein Zone, with IP/Resistivity surveys to identify drill targets for a fall drilling phase.
The company emphasizes sustainable exploration practices and collaboration with local stakeholders.
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.
