The Conversation (0)
Goldspike Exploration (TSXV:GSE) has discovered a new area of high-grade zinc-lead mineralization at its Lone Mountain property in Nevada. Results from the first two drill holes of Goldspike’s recently completed drill program have indicated wide intervals of zinc and lead mineralization.
Goldspike Exploration (TSXV:GSE) has discovered a new area of high-grade zinc-lead mineralization at its Lone Mountain property in Nevada. Results from the first two drill holes of Goldspike’s recently completed drill program have indicated wide intervals of zinc and lead mineralization.
As quoted in the press release:
Drill holes LM-14-01 and LM-14-02 each intersected zinc and lead mineralization over significant sample lengths with drill hole LM-14-01 intersecting zinc and lead mineralization averaging 6.22% zinc and 1.34% lead with an aggregate average of 7.56% zinc + lead over 89.9 metres while hole LM -14-02 intersected zinc and lead mineralization averaging 2.76% zinc and 0.29% lead with an aggregate average of 3.05% zinc + lead over 77.7 metres.
Goldspike president and CEO, Bruce Durham, commented:
We are extremely pleased to have discovered a new high-grade zinc zone with Goldspike’s first two drill holes. The thickness of mineralization and some of the grades are extremely impressive and significantly elevate the potential of this project. Given that the world average zinc mine is about 5.5% and is continuing to decline, we have confidence that we are focussing on the right commodity in one of the best mining jurisdictions in the world at a time when the fundamentals clearly show there will be a shortage of zinc going forward.
Click here to read the Goldspike Exploration (TSXV:GSE) press release