Goldspike Discovers Area of High-grade Zinc-Lead Mineralization on Lone Mountain

Goldspike Exploration Inc. (TSXV:GSE) confirmed the discovery of new area of high-grade zinc-lead mineralization at its Lone Mountain property. Phase 2 drilling is scheduled to commence immediately, with a Phase 1 drill program for a total of 2126 meters completed.

As quoted in the press release:

• The up-dip extension to the very high grade mineralization discovered in the lower part of drill holes LM-14-01 and LM-14-02 was intersected approximately 30 metres up-dip in hole LM-14-04 where a sub-interval of the overall intersection assayed 33.67% zinc+lead over 15.24 metres (50 feet). (33.06% Zn, 0.61% Pb). The overall interval in this drill hole assayed 11.87% zinc+lead over 45.11 metres (148 feet). (11.62% Zn, 0.25% Pb)

• Drill holes completed on a section to the northwest of the initial drill section where the above hole was completed also intersected significant intervals of zinc-lead mineralization including a wide high grade interval in drill hole LM-14-06 that assayed 6.98% zinc+lead over 64.01 metres (210 feet), (5.87% Zn, 1.11% Pb) including a very high grade interval grading 23.58% zinc+lead over 16.76 metres (55 feet). (19.82% Zn, 3.76% Pb)

President and CEO Bruce Durham stated:

We are extremely pleased that we are starting to put real dimensions on this exciting discovery. These latest holes show that the zone extends up-dip and along strike to the northwest. The thickness of mineralization and some of the grades are again very impressive and we think they are pointing to the presence of a large mineralized system.

Click here for the Goldspike Exploration Inc. (TSXV:GSE) press release.