GSR Goldstrike Resources Ltd New

Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINK SHEETS:APRAF)(FRANKFURT:KCG1)
is pleased to report that first pass reconnaissance geochemical sampling on its
Plateau property in Yukon has returned numerous anomalous gold, arsenic,
antimony, mercury, and thallium values over a 7.5 km strike length that remains
open. Assays have returned up to 1.544 grams per tonne gold in soils and up to
1.292 grams per tonne gold in rocks. These samples were also strongly anomalous
for key pathfinders. Goldstrike's new discovery, which has been named the Gold
Rush Zone, is located in the same Hyland Group sedimentary rocks that host
ATAC's Osiris discovery located 85 kilometers to the north (best drill
intersection to date 4.65 grams per tonne gold over 65.2 meters including 9.26
grams per tonne gold over 31.13 meters). Twenty anomalous soil samples assayed
to date have returned 15 to 1,544 parts per billion (1.544 grams per tonne) gold
in soil, and 10 rock samples returned values ranging from 20 to 1,292 parts per
billion (1.292 grams per tonne) gold. Pathfinder element values assayed as high
as 2,821 parts per million arsenic, 145.8 parts per million antimony, 0.08 parts
per million mercury, and 0.7 parts per million thallium in soil, and greater
than 10,000 parts per million arsenic, 69.7 parts per million antimony, 5.47
parts per million mercury, and 0.9 parts per million thallium in rock. This
geochemical signature is characteristic of Carlin-style deposits, and combined
with the geological setting in the same group of host rocks as Osiris,
demonstrates the Gold Rush Zone has strong potential to quickly evolve into a
significant new gold discovery in this previously unexplored area, with
excellent Carlin-style gold potential. 


Based on these very positive results, the Company recently completed ground
truthing of several additional targets in this area and carried out a staking
program that has significantly expanded its land position. Phase 2 exploration
is now underway, and is to include detailed geological mapping, prospecting,
infill soil geochemistry and trenching directed toward identifying key horizons
along this 7.5-kilometer trend in preparation for drilling.


Hyland Group host rocks, including limestone, sandstone, shale and breccia, are
exposed along a northeast-striking ridge in the Gold Rush Zone. Initial
examination indicates that they have been extensively silicified and mineralized
along a three to five meter wide northeast-striking fault zone that is likely to
have provided a conduit for the mineralization. Many of the rock samples taken
along the strike of the new Gold Rush Zone are silicified and cut by quartz
veins and stockworks. Finely disseminated sulphides including pyrite and
arsenopyrite are present in many of the rocks sampled, or have been oxidized to
limonite. A broad elongated zone of silica and clay alteration extending along
the ridge corresponds closely to the geochemical anomaly and the fault. Several
of the highest gold, arsenic and antimony values to date have been obtained near
the interface between the silica and clay alteration. 


Gold in Carlin deposits is typically submicroscopic, and associated with
disseminated pyrite or arsenian pyrite, and silica. These minerals are thought
to be deposited from basinal fluids that travelled up deep-seated faults to
replace calcite or dolomite in limestone, calcareous or dolomitic shale, or
other sediments. Gold may be deposited in or near the fault zone, or may travel
laterally away from the fault along a permeable layer. Gold zones are closely
associated with or surrounded by a geochemical halo of arsenic, antimony,
mercury, and thallium. The best gold grades are reported to occur near the
silica-clay transition. This model appears to correlate with the geology and
geochemistry of the Gold Rush Zone based on results to date.


"This is an exciting new discovery for Goldstrike," said Goldstrike President
Reimar Koch. "This find further confirms the potential for numerous new gold
discoveries in the Yukon. It opens up a vast area to exploration for
Carlin-style targets. GoldStrike recently completed the first pass exploration
programs on all of its 24 Yukon gold properties and plans to initiate additional
phase 2 programs immediately as positive assay results are received. The company
anticipates a steady flow of news as significant results become available." 


The technical data in this news release has been reviewed and approved by Trevor
J. Bremner, P. Geo., who is a qualified person as defined in National Instrument
43-101. For more detailed information on these properties, refer to Goldstrike's
web site at www.goldstrikeresources.com.


ON BEHALF OF THE BOARD

Reimar Koch, President

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