Goldstrike Resources Ltd. Announces Positive Results from Short Exploration Program on Lucky Strike Property in the White Gold District
Sep 28 15
Goldstrike Resources Ltd. announced positive results from a short exploration program on the Lucky Strike property in the White Gold District. A series of limited hand pits in a new area located 7 kilometers northwest of the previously explored Lucky Shot zone was successful in outlining a 50 by 40 meter gold anomaly on a northwest trending structure. The rock samples assayed up to 4.26 grams per tonne gold, and the zone remains open in all directions. Five kilometers to the northwest, soil sampling outlined a new 1,200 by 250 meter zone of strongly anomalous soil, which returned values up to 1,989 parts per billion (1.99 grams per tonne) gold. The newly discovered soil anomaly is coincident with a buried geophysical anomaly previously identified by airborne geophysical survey and remains open in all directions. Both new zones are considered to be strong targets for follow-up trenching in preparation for drilling.
Goldstrike Resources Ltd. Confirms 7.7 Kilometre Gold Trend
Oct 8 14
Goldstrike Resources Ltd. reported that additional geochemical surveys have confirmed a 7.7 kilometre gold trend on the Lucky Strike property that remains open. The property is located in the heart of the Yukon's White Gold District, and is contiguous with the Kinross Golden Saddle property. Geochemistry, alteration, structure, and host rocks are very similar to Kaminak's 4.2 million ounce Coffee Gold discovery. The Lucky Strike gold trend coincides with a strong northwest structure that is clearly outlined in soil geochemistry, rock samples from hand pits and trenches, and magnetic surveys. A new anomaly was discovered at the northwest end of this trend in 2014 with values up to 923.7 parts per billion gold in soil. Previous trenching uncovered up to 41.69 grams per tonne gold in bedrock on this trend. Limited exploration has already identified five separate areas of significant gold mineralization along the Lucky Strike trend to date, including the previously trenched area, and the new 2014 soil discovery. Results ranged from detection to 923.7 parts per billion gold in soil, and from detection level to 2.1 grams per tonne gold over 3 metres in a 2013 trench that was deepened as part of the 2014 program. Visible gold was found in rusty orthogneiss in a hand pit, and was confirmed by a metallics assay that returned 1.1 grams per tonne gold. The 2014 detailed geochemistry results showed that trenches to date are oblique to the main northwest structural trend, which remains largely unexplored. Armed with this new data the Company's technical team is recommending a series of northeast-southwest trenches across the major gold-mineralized structure, to delineate drill targets in areas that have not been trenched and have returned strongly anomalous gold values. Goldstrike's technical team is in the process of laying out a drill program for its Plateau high grade gold prospect on the Hess River, where numerous rock grab samples have returned bonanza grades up to 529.86 grams per tonne (15.45 ounces per ton) within a district-scale gold system. Initial drilling in 2013 intersected visible gold in four of seventeen holes, with a best intersection of 2.28 grams per tonne gold over 53.0 metres, including 10.91 grams per tonne gold over 10.0 metres in the Goldstack zone, and 7.6 grams per tonne over 9.03 metres in the VG zone 17 kilometres to the southeast. Based on geochemistry, lithology, and structure, the Goldstack, VG, Goldbank, Ron Stack, and Gold Rush zones are interpreted to be different parts of a single, very large gold system that is exposed over more than 1000 metres of vertical extent that remains open. An induced polarization (IP) survey conducted in August, 2014 outlined a large, well defined chargeability anomaly with strong gold potential near discovery hole PSVG13-03, which intersected 7.60 grams per tonne gold over 9.03 metres. This anomaly underlying Gold Dome is interpreted to represent disseminated mineralization similar to that associated with bonanza grade gold found in surface grab samples and drill core. The core of the anomaly measures approximately 200 metres by 100 metres, and extends from about 100 metres below surface to 200 metres depth (the survey limit). It is indicated to be open to the southeast and to depth, and remains to be drill tested. The shallowest part of the IP anomaly on Gold Dome is located immediately east of the VG zone, which means that the 2013 drilling, which intersected high grade gold mineralization, did not test the anomaly. A 3D inversion model of the Gold Dome IP data is being created to assist Goldstrike's technical team with planning specific drill targets to test the large IP anomaly under the VG zone. A scissor hole is also planned to test the 53 metre gold intersection at the Goldstack zone located 17 kilometres to the west within the 25 kilometre Yellow Giant trend, as well as an IP program to outline the subsurface geometry of the Goldstack gold system to providing for additional drill targets. Given the success of the initial IP survey in outlining disseminated mineralization in the highly silicified felsic volcanic host rocks on Gold Dome, Goldstrike is also planning additional high resolution IP surveys to develop additional drill targets in high grade areas of the 2-kilometre Ron Stack and 11-kilometre Goldbank trends, where bedrock grab samples returned up to 308.5 and 101.1 grams per tonne gold respectively, as well as the Gold Rush zone where soil samples returned up to 26.8 grams per tonne gold, and rock grab samples assayed up 8.99 grams per tonne gold.
Goldstrike Resources Ltd. Proposes Amendment to its Articles of Association
Oct 7 14
Goldstrike Resources Ltd. at the AGM to be held on October 24, 2014, proposed a special resolution authorizing an alteration of the company's Articles to include advance notice requirements for the nomination of directors in certain circumstances, to authorize an alteration of the company's Articles to allow the company to make use of the 'notice-and access' method for sending meeting materials to shareholders, to adopt new articles for the company in substitution for the company's existing articles.