Goldspike Commences Drilling Program at Lone Mountain Project

Goldspike Exploration Inc. (TSXV:GSE) announced that it has started drilling operations for 10 holes on its Lone Mountain zinc property, located in Eureka County, Nevada. The property is made up of 217 claims and covers the location of a significant 2007 zinc discovery that showed an interval at the bottom of the hole assaying 41.3-percent zinc and 1.4-percent lead over 4.1 meters.

Based upon the historical information pertaining to the Property and the favourable results of its initial field work, the Company is carrying out additional geochemical surveys, prospecting and geological mapping and has commenced a phase one drilling program on the Property. In this initial drill program the Company expects to drill approximately 10 holes totalling 1,500 metres (approximately 5,000 feet).

Bruce Durham, CEO of Goldspike, said:

Since acquiring the Lone Mountain zinc property we have been analyzing and collecting both historic data and new data from recent exploration programs. We are very encouraged by the results to-date. We now have enough information to start drill testing the area in close proximity to the 2007 mineralization with a goal of expanding the footprint of the mineralization. Our geological evaluation of the Property is also identifying other areas of potential mineralization on the Property. We are very pleased to have our first drill program at Lone Mountain underway.

Click here to read the Goldspike Exploration Inc. (TSXV:GVE) press release.