Goldstrike Drills 3.04 grams per tonne gold over 7.73 m in the White Gold District – Yukon
January 16 2018 - 7:45AM
Goldstrike Resources Ltd. (TSX-V:GSR)
(Frankfurt:KCG1) (OTC PINK:APRAF) is pleased to report the results
from the final hole of the 2017 Lucky Strike drill campaign. Hole
DDLS-17-08 returned 3.04 g/t Au over 7.73 metres (including 1.52
metres of 14.0 g/t Au) in diamond drill core. DDLS-17-08 was
drilled at an azimuth of 2300 and was collared 40 metres west of
discovery hole DDLS-17-09 that returned 5.36 g/t Au over 22 metres.
DDLS-17-09 was drilled at an azimuth of 1800 (Table 1).
Goldstrike successfully completed 1,032 m of
diamond drilling in nine shallow exploratory holes that constituted
the 2017 drill program at Lucky Strike. All nine holes successfully
intersected gold mineralization (Map 1 – Drill Plan). All
assay results from 2017 have now been reported. The mineralized
zone remains open at depth and in all directions. This drill
program utilized HTW large diameter size core to optimize recovery
due to the brittle and highly oxidized nature of the near surface
gold mineralization. Additional maps and sections can be
viewed at: Lucky Strike Project.
Based on the success of this first pass
exploratory drill program and with its advanced exploration permit
in place, Goldstrike is currently planning for the largest
exploration program in the history of the Lucky Strike property.
The team is currently compiling the large volume of data acquired
in 2017 in preparation for phase two exploration and drilling. The
data compilation includes geophysics, geochemistry, mapping and
high resolution airborne photography, and 3D property-wide terrane
modeling that will allow advanced targeting methods along the 10 km
Lucky Strike gold corridor.
Gold mineralization is exposed at surface in the
Monte Carlo Zone in a series of silicified and heavily oxidized
zones that have a subtle linear topographic expressions and a
strong geochemical association with silver, bismuth, tellurium,
mercury, antimony, molybdenum and copper.
The Monte Carlo Zone is one of five large
gold-in-soil anomalies along a 10 kilometre trend on the property
and measures 1450 m by 450 m. Only the Monte Carlo zone has been
drill tested to date. All five zones have been defined by a
combination of soil geochemistry, mechanized trenching and
prospecting, and are coincident with ground and airborne
geophysical anomalies. The four other large gold-in-soil
anomalies are the Belmont zone, measuring 1,500 by 800 meters, the
Samson zone, measuring 600 by 300 meters, the Boss zone, measuring
1,000 by 1,000 meters, and the Maverick zone, measuring 200 by 150
meters. All five zones remain open. Collectively, this gold
mineralized trend is coincident with a magnetic geophysical anomaly
which is believed by the Company’s geological team to represent a
regional scale shear zone, providing for additional strong
discovery potential on the Lucky Strike property. The Lucky Strike
property covers over 150 square kilometers and remains largely
unexplored.
Table 1 – Drill highlights from the 2017
program.
Drill Hole ID |
From (m) |
To (m) |
Interval Length (m)1 |
Au (g/t) |
DDLS-17-082 |
6.1 |
13.83 |
7.73 |
3.04 |
Drill Hole ID |
From (m |
To (m) |
Interval Length (m)1 |
Au (g/t) |
DDLS-17-092 |
13 |
35 |
22 |
5.36 |
INCLUDING |
|
28 |
33.72 |
5.72 |
18.79 |
|
|
|
|
|
Drill Hole ID |
From (m) |
To (m) |
Interval Length (m)1 |
Au (g/t) |
DDLS-17-07 |
18 |
23 |
5 |
1.30 |
|
|
|
|
|
Drill Hole ID |
From (m) |
To (m) |
Interval Length (m)1 |
Au (g/t) |
DDLS-17-02 |
18 |
27.55 |
9.55 |
1.33 |
|
|
|
|
|
Drill Hole ID |
From (m) |
To (m) |
Interval Length (m)1 |
Au (g/t) |
DDLS-17-06 |
26 |
28.15 |
2.15 |
5.12 |
|
|
|
|
|
Drill Hole ID |
From (m) |
To (m) |
Interval Length (m)1 |
Au (g/t) |
DDLS-17-05 |
25.75 |
27.22 |
1.47 |
1.06 |
|
|
|
|
|
Drill Hole ID |
From (m) |
To (m) |
Interval Length (m)1 |
Au (g/t) |
DDLS-17-033 |
19.2 |
30 |
10.8 |
0.61 |
|
|
|
|
|
Drill Hole ID |
From (m) |
To (m) |
Interval Length (m)1 |
Au (g/t) |
DDLS-17-012 |
18.29 |
21.86 |
3.57 |
1.75 |
|
|
|
|
|
Drill Hole ID |
From (m) |
To (m) |
Interval Length (m)1 |
Au (g/t) |
DDLS-17-04 |
113.8 |
114.07 |
0.27 |
0.51 |
1True thickness of mineralized zone unknown2Drill
recovery locally below 50% in some samples3Drill recovery locally
below 30% in some samples
STATEMENTS
Message from Terry King, President and CEO:
“The Lucky Strike property is a unique and very
attractive asset with excellent infrastructure, including an
airstrip. The property is 100% owned without the burden of any
underlying royalties or property payments, and is strategically
located along the planned haul road to Goldcorp’s Coffee Creek gold
deposit. The results to date demonstrate that the project is one of
the most important new gold discoveries in the White Gold Camp in
2017 and has all the makings for a flagship standalone project. We
are now finalizing our 2018 plans and look forward to optimizing
the project’s value for our shareholders. With the largest drill
and exploration campaign to date being laid out for Lucky Strike,
the 2018 season promises to be an exciting time for this
project.”
OTHER
Sample analysis and assaying for all of
Goldstrike's projects have been conducted by Bureau Veritas Mineral
Laboratories Canada (formerly Acme Analytical Laboratories Ltd) in
Vancouver, BC, which is ISO 9001 accredited laboratory. Rock
and drill core samples are crushed, split and pulverized to 250 g
pulp, 200 mesh. Analysis includes AQ200 modified 1:1:1 aqua
regia (HCl-HNO3-H20) digestion and 36-element ICP-MS which includes
semi-quantitative gold with a lower detection limit of 0.5 ppb Au
and an upper detection limit of 100 ppm Au. In addition gold
content is analysed using the ICP-ES FA350-Au fire assay procedure.
Over-limit samples are analysed using the FA530-Au fire assay with
gravimetric finish and FA652-Au metallic screen fire assay
procedures. Rigorous procedures are in place regarding sample
collection, chain of custody and data entry. Certified QA/QC
assay standards samples and blanks are routinely inserted into the
sample stream to ensure integrity of the assay process.
Stefan Kruse, Ph.D., P.Geo., Chief Geologist, is
a qualified person as defined by National Instrument 43-101 for
Goldstrike's Yukon exploration projects and supervised the
preparation of, and has reviewed and approved, the technical
information in this release.
Please visit the Company’s website
at http://www.goldstrikeresources.com
to see new maps and drill sections under what's new on the
home page.
ON BEHALF OF THE BOARD
Terrence E. King
President and Chief Executive Officer
For new information from the Company’s programs,
please visit Goldstrike’s website at GoldstrikeResources.com. For
further information follow the Goldstrike’s tweets at
Twitter.com/GoldstrikeRes or contact Jeff Stuart of King James
Capital Corporation, handling Investor Relations for the
Goldstrike, by telephone at (604) 210-2150 or by email at
jstuart@kingjamescapital.com.
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