Goldstrike Resources Provides Update on Newmont’s Exploration Program on the Plateau Property in Yukon, Canada
TSX VENTURE: GSR
VANCOUVER, British Columbia, Sept. 17, 2018 (GLOBE NEWSWIRE) -- Goldstrike Resources Ltd. (GSR.V) is pleased to report that its partner, Newmont Mining Corporation, has successfully completed the 2018 exploration program at the Plateau property in Canada’s Yukon Territory. The program represented the most comprehensive exploration work to date at Plateau. The recently completed program included 7,791 meters of diamond drilling with 2,880 core samples sent for assay. Other ground work included five kilometers of geophysical surveys and collection of 310 prospecting rock samples. Additionally, 1,381 soil samples from new prospective areas were collected and will be analysed with Newmont’s proprietary technologies. This program has met the goals established by the company and Newmont’s team.
Camp and dock facilities at the Goldstack Lake camp were also expanded to house up to 50 personnel. This new infrastructure can accommodate larger exploration programs and increased float plane traffic for years to come.
Results will be released when all assays and all other data have been received, compiled and interpreted by Goldstrike and Newmont .
Message from Terrence E. King, President and CEO:
“It has been a pleasure for our team to work with Newmont on the 2018 program. The Plateau property is a district scale system and Newmont is a world-class partner with the financial strength, proprietary technology, and depth of experience needed to realize the full value of such an extensive system. We look forward to reporting the results and planning the program for the 2019 field season.”
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 had supervised the preparation of, and has reviewed and approved, the technical information in this release.
ON BEHALF OF THE BOARD
Terrence E. King
President and Chief Executive Officer
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Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting; and the plans for completion of the contemplated transactions with Newmont as set out above. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as "anticipates", "expects", "understanding", "has agreed to" or variations of such words and phrases or statements that certain actions, events or results "would", "occur" or "be achieved". Although Goldstrike has attempted to identify important factors that could affect Goldstrike and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Goldstrike has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Goldstrike does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.