Goldstrike Resources Commences Exploration at Lucky Strike, White Gold Camp
TSX VENTURE: GSR
VANCOUVER, British Columbia, July 10, 2017 (GLOBE NEWSWIRE) -- Goldstrike Resources Ltd. (TSX-V:GSR) (OTC PINK:APRAF) (FRANKFURT:KCG1) is pleased to announce that it has commenced a program of mechanized trenching, ground geophysics, geochemistry and diamond drilling on its 100% owned Lucky Strike property in the White Gold Camp of Central Yukon, 30 kilometres northwest of Goldcorp’s Coffee Creek deposit and 15 kilometres east of White Gold Corp.’s Golden Saddle deposit.
In preparation for the 2017 drill program, the Company will use mechanized trenching to define the full dimensions of the extensive gold mineralization in bedrock identified in samples taken in the newly discovered Monte Carlo Zone during 2016. Trench sample results of 0.42 gpt gold over 154 metres (incl.0.76 gpt/78 m and 3 gpt/8 m) are comparable in both grade and width to the original discovery trenches at the Golden Saddle and Coffee Creek gold deposits (News Release September 26, 2016).
Many of the trenches in Goldstrike’s 2016 program terminated in gold mineralized bedrock and will be extended in the upcoming program. Step-out trenches within the 1450 by 350 meter gold in soil anomaly at Monte Carlo will focus on a linear induced polarisation geophysical anomaly that coincides with both anomalous gold in soil geochemistry and trenches. Diamond drilling will systematically test these targets to fully determine the scale and extent of the Monte Carlo gold mineralization along strike and to depth.
The four other large gold in soil anomalies that define the 10-kilometre long gold corridor on the Lucky Strike property - Belmont, Samson, Boss and Maverick - all remain open for expansion. Ground geophysical surveys, soil geochemistry and mechanized trenching will focus on delineating additional diamond drill targets.
Goldstrike owns a 100% interest in the Lucky Strike, BRC, Kings Ransom, Goldsource, Hotspot and Bullseye properties free and clear of all encumbrances, including royalties. Goldstrike’s holdings in the White Gold District total 1970 claims and its total Yukon land holdings including the Plateau property now total 4,704 claims covering over 1,000 square kilometres.
Further detailed property information is available at www.goldstrikeresources.com.
James Moors, 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.