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goldspike exploration inc (GSE) Snapshot

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11/19/14 - C$0.53
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goldspike exploration inc (GSE) Details

Goldspike Exploration Inc., a junior mineral exploration company, is engaged in the acquisition, exploration, and development of properties for the mining of precious metals in Canada. It has interests in 5,058 mineral claims in the Yukon Territory, Canada. The company principally owns the VIP Property comprising 403 mineral claims and other nearby claims totaling approximately 1,000 claims and is located in the Whitehorse Mining District in the Yukon Territory. It also has interests in a portfolio of 40 early stage gold explorations properties. Goldspike Exploration Inc. was incorporated in 2010 and is headquartered in Toronto, Canada.

Founded in 2010

goldspike exploration inc (GSE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$90.0K
Chief Financial Officer, Secretary and Direct...
Total Annual Compensation: C$64.0K
Compensation as of Fiscal Year 2013.

goldspike exploration inc (GSE) Key Developments

Bravada Gold Corporation Expands Relationship with Goldspike Exploration Inc. to Explore its North Lone Mountain Gold/Zinc Property in Nevada

Bravada Gold Corporation has signed a letter of intent with Goldspike Exploration Inc. to explore the company's North Lone Mountain property, located along the Battle Mountain-Eureka Gold trend in central Nevada. Goldspike controls the Lone Mountain Zinc project, located approximately 10 kilometers to the southeast where Goldspike is delineating high-grade zinc mineralization and has an option to purchase a 100% interest through payments of cash, shares, and a retained royalty Bravada's South Lone Mountain property. South Lone Mountain is adjacent to the Lone Mountain Zinc property and soil geochemistry indicates that mineralization extends onto Bravada's claims. The North Lone Mountain agreement allows Goldspike to earn a 50% interest in the property by funding a work program of $150,000 over two years, after which the companies will form a joint venture to further explore and develop the property. Bravada will be operator during the earn-in period.

Goldspike Explorations Expands Zinc-Lead Discovery in Nevada

Goldspike Exploration Inc. announced that the latest drill hole assay results continue to expand the footprint of the company's significant high grade zinc-lead discovery on its 100% controlled Lone Mountain property in Eureka County, Nevada. The second hole in the Phase 2 drill program, LM-14-13 intersected high grade zinc-lead mineralization that averaged 22.94 % zinc+lead over a hole length of 18.28 metres (60 feet), including a very high grade interval assaying 32.59% zinc+lead over 7.62 metres (25 feet). The third hole in the Phase 2 drill program LM-14-14 intersected a number of areas of lead and zinc mineralization that combine to average 4.80% zinc+lead over 92.96 metres (305 feet). This overall interval includes 65.53 metres (215 feet) of mineralization with a combined zinc+lead grade of 6.37% including a 7.62 metre (25 foot) high grade zone grading 22.9% zinc +lead. Drill hole LM-14-12 was completed on the discovery section and intersected the mineralization approximately 30 metres down-dip from drill hole LM-14-09. The hole represents one of the deepest intersections of the mineralization to date. The zone remains untested down-dip of drill hole LM-14-12. Drill hole LM-14-13 was completed on the discovery section approximately 30 metres up-dip from drill hole LM-14-04. This area was first tested with drill hole LM-14-03, however that hole was terminated due to drilling difficulties before intersecting the mineralization. Drill hole LM-14-13 intersected lower grade mineralization in the upper part of the mineralized zone which was followed by an interval of very high grade zinc mineralization that assayed 22.01% zinc and 0.93% lead over 18.28 metres (60 feet). One interval of 3.05 metres (10 feet) assayed 43.25% zinc. Drill hole LM-14-14 was collared at the same location as drill hole LM-14-01 and was designed to test for the presence of the down-dip extension of the mineralization in drill hole LM-14-01. The drill hole successfully established the presence of significant mineralization approximately 30 metres down-dip. The entire interval from 120.40 metres to 213.36 metres averaged 3.47% zinc and 1.33% lead (4.8% zinc+lead over 92.96 metres (305 feet)). Higher grade intervals include 65.53 metres ((215 feet) averaging 6.37% zinc+lead). Drill hole LM-14-15, drilled on a new section 60 metres to the northwest of the discovery section, intersected a narrower zone of mineralization that assayed 1.32% zinc and 2.92% lead (4.24% zinc+lead) over a hole length of 6.10 metres (20 feet). No other drilling has been completed close to this drill hole or farther to the northwest along strike. Additional work is required to locate the possible extension of the high grade and wider intervals of mineralization in this area.

Goldspike Exploration Inc. Announces Latest Drill Hole Assay Results on Lone Mountain Property in Eureka County, Nevada

Goldspike Exploration Inc. announced that the latest drill hole assay results continue to expand the footprint of the company's significant high grade zinc-lead discovery on its 100% controlled Lone Mountain property in Eureka County, Nevada. The latest highlight hole from the Phase 1 drill program, LM-14-09, intersected several zones of zinc and lead mineralization that combine to give an overall average of 6.04 % zinc+lead over a hole length of 118.87 metres (390 feet), including high grade intervals assaying 8.05% zinc+lead over 42.68 metres (140 feet) and 12.87% zinc+lead over 24.34 metres (80 feet). Drill holes LM-14-09, LM-14-10, and LM-14-11 were completed on a section approximately 30 metres to the southeast and parallel to the discovery section. Hole LM-14-09, intersected a broad zone of mineralization that assayed 6.04% zinc+lead over 118.87 metres (390 feet) within which an interval of high grade was intersected in the upper portion that assayed 8.05% zinc+lead over 42.6 metres (140 feet) and a high-grade lower interval assayed 12.87% zinc+lead over 24.38 metres (80 feet). This interval includes the first assay results from the Phase 2 program. This hole was deepened at the beginning of the Phase 2 program as the hole had previously stopped in mineralization due to a shortage of materials. The centre hole on the southeast section, hole NM-14-10 (from the same setup as LM-14-09), intersected a zone of mineralization that assayed 6.82% zinc+lead over an interval of 18.29 metre (60 foot)section of the hole, including a high grade zone of mineralization that assayed 12.82% zinc+lead over 9.14 metres (30 feet). The hole located most up-dip on that section, hole NM-14-11, did not intersect any significant mineralization. The upper part of the mineralization in several of the Phase 1 program holes is more lead-rich and the now complete soil geochemical sampling completed in the Phase 1 program clearly outlines two sub-parallel geochemical anomalies, the more north-easterly of which is more lead rich while the more southwesterly is clearly more zinc rich and appears to correlate with the stratigraphic location of the historic mining at the adjacent Mountain View mine. The Company is considering the possibility that its drilling to date has in fact been related to the more north-easterly, lead enriched geochemical anomaly that extends to the northwest for a total of some 1400 metres which may represent a separate area of mineralization from the more zinc-rich anomaly that correlates with the extension of the trend of the previously mined area.


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