Golden Spike Resources Corp.
0.06
CAD
+0.00
(-7.69%)
Golden Spike Resources Corp.
NEO:GLDS
(Cboe Canada)
Recent
price
0.06
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
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- Golden Spike Resources Corp. (CSE: GLDS, OTCQB: GSPRF, FSE: L5Y) is a Canadian mineral exploration company focused on identifying, acquiring, and advancing high-potential mineral properties with an emphasis on volcanogenic massive sulphide (VMS) copper-gold deposits and associated vein structures; the company holds a 100% interest in its flagship 5,175-hectare Gregory River Property in western Newfoundland, strategically positioned along an 11-kilometer strike length of the prospective Gregory River VMS belt that features multiple early-stage high-grade VMS prospects, copper-gold-bearing veins, and historical data from operators including Rio Tinto and Noranda; exploration activities encompass geophysical surveys such as induced polarization/resistivity, soil and rock sampling, geological mapping, and diamond drilling programs targeting Cyprus-type polymetallic VMS deposits alongside stockwork and vein-hosted copper, gold, zinc, and silver mineralization. Founded in 2020 and headquartered at 830-1100 Melville Street in Vancouver, British Columbia, Golden Spike operates primarily in low-risk Canadian jurisdictions, serving the global demand for critical metals amid projected copper supply shortages by 2035 driven by energy transition sectors including grid infrastructure, renewables, and electrification. Recent developments include the completion of a 2025 Winkie drilling program yielding significant intercepts such as 0.68 g/t gold equivalent over 29.45 meters at the Lower Mitchell target, alongside ongoing soil sampling at Steep Brook North and planned follow-up diamond drilling; in 2024-2025, the company executed multiple diamond drill campaigns totaling over 2,300 meters at Steep Brook, Lode 9, and Vein Zone targets, closed private placement financings raising $2.39 million with participation from Eric Sprott, and launched IP surveys identifying high-priority anomalies; additionally, Golden Spike entered a strategic market advisory partnership with Altitude Capital Consultants in 2024, securing digital marketing support and granting 400,000 share purchase options to enhance investor outreach during its accelerated exploration phase.