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Golden Spike Resources Soil Sampling Outlines Gold-Zinc-Copper-Arsenic Anomalies at Gregory River
['Mr. Keith Anderson Reports']
Junior Mining News
Lower Mitchell Soil Sampling Highlights:600 m long, 25 m to 100 m wide, west-southwest trending, multi-element (gold-zinc-copper-arsenic) soil anomaly that remains open to the southwest.
Steep Brook North Soil Sampling Highlights2.6 km long, intermittent copper and gold soil anomaly following the Gregory River volcanogenic massive sulphide ("VMS") target corridor.
Gold Equivalent (AuEq) =gold +(copper x 0.914298) + (zinc x 0.297147) and assumes the following metal prices, gold $3,000/oz, copper $4.00/lb, and zinc $1.30/lb and hypothetical metallurgical recoveries of 70% for each of gold, copper, and zinc.
Figure 1 - Location of 2025 Soil GridsFigure 2 - Lower Mitchell Target - Zinc Soil AnomaliesFigure 3 - Lower Mitchell Target - Gold Soil AnomaliesA significant portion of the Lower Mitchell Zone is covered with bogs, shrubs and grass and underlain by a veneer of post mineral cover composed of till and soil layers.
Figure 4: Steep Brook North - Copper Soil AnomaliesFigure 5: Steep Brook North - Gold Soil AnomaliesIn the approximate centre of the Steep Brook North grid a second trend of intermittent, low-grade copper and gold soil anomalies resulted from the soil survey.