GSR Goldstrike Resources Ltd New

Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1) is
pleased to report that early exploratory drilling at the VG Zone on its flagship
100% owned Plateau South property in Eastern Yukon has intersected
mineralization with visible gold in three of the first six holes (PSVG13-02,
PSVG03, PSVG-06), and sulphide mineralization in every hole drilled to date, and
the zone remains open. PSVG13-06 was drilled on trend 32 metres southwest of
Hole PSVG13-03, and 20 metres southwest of Hole PSVG13-02. All holes have
targeted locations where visible gold and gold mineralization were previously
discovered in surface felsenmeer confirmed to be two to five metres thick. The
gold-bearing structure strikes northeast-southwest, and cuts a 25 metre layer
(true thickness) of intensely quartz-flooded and albitized rhyolite volcanics.
Some drill holes contain multiple mineralized quartz stockworks and veins up to
three metres in true thickness. Based on these initial results, the 2013
drilling program has been expanded and is ongoing.


Different styles of mineralization discovered to date across the Gold Dome are
associated with intense quartz flooding and bleaching, veining, stockworks, and
brecciation. Free crystalline and wire gold occur alone or are associated with
disseminated arsenopyrite and pyrite.


The Plateau South property covers the 25 kilometre long Yellow Giant Trend
discovered by Goldstrike in 2012 - a regional scale, gold bearing deformation
system and felsic volcanic complex where numerous high grade grab samples,
including one returning 15.45 ounces of gold per ton (529.86 grams per tonne
gold), have been documented in bedrock and subcrop in multiple zones of
mineralization (News Release October 30, 2012).


Detailed geophysics shows that the VG Zone is located within part of a magnetic
low trend about 1,200 metres long and 300 metres wide that remains open. This
zone strikes obliquely across a broad flat-topped ridge measuring approximately
2 by 1 kilometres that is now referred to as the "Gold Dome". The magnetic low
trend is associated with the intense silica and albite alteration of the host
volcanics described above. Within the magnetic low trend the gold mineralization
appears to be controlled by a grid of subvertical east-northeast fractures and
west-northwest structures, both of which are thought to be related to an episode
of northeast-directed thrust faulting and associated folding. Careful
prospecting along several of the other geophysically indicated structures has
already resulted in the discovery of numerous additional rock grab samples
containing visible gold and/or sulphide minerals in silicified volcanic subcrop.
Prospecting, mapping, and drilling are ongoing within the Gold Dome area, and
all zones currently remain open.


Armed with new data compiled from the 2012 and 2013 programs to date, initial
exploration of several other high priority targets within the 25 kilometre long
Yellow Giant Trend is well underway, and has already resulted in several new
discoveries along the Goldbank trend, several kilometres to the northwest of the
VG Zone. Mapping and prospecting in the Goldbank East area, the Ron Stack zone
in the Central Goldbank area, and the Goldbank West zone, have demonstrated that
previously reported high grade bedrock grab samples from each of these zones (up
to 34.25, 26.99 and 24.70 grams per tonne gold respectively) are associated with
arsenopyrite that is concentrated in dilational northwest-southeast trending
fold hinges, as well as in cross-cutting veins and breccias that strike
northeast-southwest. Surface dimensions of individual target areas along the
Goldbank Zone are up to 1 kilometre long, and 600 metres wide, and remain open.
Detailed surface exploration at the Ron Stack prospect located in the Central
Goldbank area has substantially expanded this zone, with the discovery of new
quartz stockworks and arsenopyrite-rich veins west of the original showing. A
new quartz stockwork up to 5 metres wide and 160 metres long has also been
discovered in the area of the 34.25 gram per tonne sample in the Goldbank East
Zone. The new stockwork at Goldbank East contains arsenopyrite and pyrite and
remains open along strike in both directions, significantly expanding the
potential of this zone. Prospecting, mapping, and drilling are ongoing along the
11 kilometre Goldbank trend. 


The bonanza grade of gold mineralization discovered on the property, the
intensity and extent of silica flooding and albitization of the previously
unmapped felsic volcanic sequence, and the extensive network of gold-bearing
structures that were identified during less than three months of surface
exploration to date all confirm the tremendous potential of this new
district-scale system.


"Initial drilling at our flagship Plateau South property has met the Company's
high expectations," said Goldstrike CEO and President Terry King. "Drilling is
ongoing, and with visible gold seen in drill cores and in multiple new surface
samples taken above well-defined subsurface structures, we look forward to
receiving the assay results with great anticipation."


Sample analysis and assaying for all of Goldstrike's projects are being
conducted by Acme Analytical Laboratories Ltd in Vancouver, BC, which is ISO
9001 accredited. Soil samples are dried at 60C, and 100 grams is sieved to -80
mesh. A 15 gram sample split is then leached in aqua regia at 95 degrees C, and
analyzed by a 36-element ICP package that includes semi-quantitative gold. Rock
samples are crushed to 80% -10 mesh, and a 250 gram sample split is pulverized
to 85% -200 mesh. 30 gram charges are then assayed for gold using fire assay
fusion and ICP-ES finish with a lower detection limit of 2 ppb, and an upper
detection limit of 10 ppm Au. In addition, 0.5 mg charges are digested by
modified 1:1:1 aqua regia (HCl-HNO3-H20) and analyzed by 36-element ICP-MS that
also includes semi-quantitative gold with a lower detection limit of 0.5 ppb Au
and an upper detection limit of 100 ppm Au. All samples containing visible gold
or returning assays of more than 10 ppm gold are subjected to metallic fire
assays, for which the plus fraction is finished gravimetrically and the minus
fraction is finished with AA. Rigorous procedures are in place regarding sample
collection, chain of custody and data entry. Certified assay standards,
duplicate samples and blanks are routinely inserted into the sample stream to
ensure integrity of the assay process.


Note: Grab samples are selective by nature, and are unlikely to represent
average grades on the property. 


Trevor J. Bremner, P. Geo., Chief Consulting Geologist and Goldstrike Board
Member, is a qualified person, as defined by National Instrument 43-101, for
Goldstrike's Yukon exploration projects and supervised the preparation of the
technical information in this release.


ON BEHALF OF THE BOARD

Terrence E. King, President and Chief Executive Officer

For new photos and maps on the Plateau South property, please visit Goldstrike's
website at www.GoldstrikeResources.com, or follow the Company's tweets at
www.Twitter.com/GoldstrikeRes.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions, and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. The reader is cautioned not to place undue reliance on
forward-looking statements.


To view the map associated with this release, please visit the following link:
http://media3.marketwire.com/docs/gsr715i.pdf 


FOR FURTHER INFORMATION PLEASE CONTACT: 
King James Capital Corporation
Jeff Stuart
Investor Relations
(604) 805-0375
jstuart@kingjamescapital.com
www.GoldStrikeResources.com

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