Goldstrike Finds 18.56 Grams per Tonne Gold in New 11 km Gold Trend
31 Oktober 2011 - 2:30PM
Marketwired
Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINK
SHEETS:APRAF)(FRANKFURT:KCG1) is pleased to report that initial
assays from reconnaissance exploration on its 100% controlled Big
One property in Yukon. This program resulted in the discovery of
18.56 gram per tonne gold in subcrop within a newly identified gold
trend 11 km long by 1.5 km wide that remains open (to the northwest
and southeast). The anomalous area has a northwest-southeast
orientation and has been named the Goldstream trend. Samples taken
from the southeast part of the Goldstream trend show a Carlin-like
geochemical signature, with consistently anomalous gold, arsenic,
antimony, mercury, and thallium values over a strike length of 1.8
km. The Big One property is on trend between Northern Tiger's 3ACE
discovery 52 km to the southeast, and ATAC's Osiris discovery 270
km to the northwest.
Five of 412 rock samples assayed to date have returned values
ranging from 182.1 to 18,551.2 parts per billion gold (18.56 grams
per tonne gold). The 18.56 gram per tonne gold sample is an
oxidized, silicified breccia with abundant sulphides that was taken
from a broad zone of rusty silicified subcrop. The ridge where the
18.56 gram per tonne sample was taken is drained by three creeks
with anomalous gold silt values reported by the Geological Survey
of Canada.
Host rocks in the area consist of a sedimentary sequence of
sandstone, grit, quartz pebble and lithic conglomerate, shale,
phyllite, limestone, and quartzite that show varying amounts of
hydrothermal alteration, silicification, quartz veining, and
stockworks. Sulphides are mainly disseminated pyrite, arsenopyrite,
pyrrhotite, galena, and stibnite. These silicified sedimentary
units are considered highly prospective because of their lateral
extent. Some of the gold mineralization appears to be associated
with a regional fault. Geological Survey of Canada gold silt
anomalies were used to vector in on potentially mineralized areas,
along with Aster satellite imagery that highlights hydrothermal
alteration zones. This method has proved successful at Big One to
date, and numerous targets on the property have yet to be
explored.
Goldstrike's broad based reconnaissance program included a total
of 428 rock samples, 908 soil samples, and 16 silt samples that
were taken over an area of approximately 13 by 11 kilometers.
Assays received to date range from below detection to 18.56 grams
per tonne gold in rock, and from below detection to 359.2 parts per
billion gold in soil (including six samples with more than 56 parts
per billion gold). Assays for 299 soil samples are pending.
Based on these results, the Big One claim block was increased to
648 units covering 162 square kilometers located 26 km from the
Nahanni Range road. Given the size of this property, it is clear
that the Phase I reconnaissance sampling has barely scratched the
surface. An aggressive Phase 2 exploration program in 2012 is
planned to include detailed geochemical sampling, geological
mapping, trenching, and drilling.
Goldstrike has completed first pass exploration on all of its
twenty-four 100% controlled projects, covering more than 4,000
claims and over 80,000 hectares. Quick follow-up exploration was
also completed on six of the properties. The Company anticipates a
steady flow of news as significant results become available.
Sample analysis and assaying for all of Goldstrike's projects
are being conducted by Acme Analytical Laboratories Ltd. in
Vancouver, B.C., which is ISO 9001 accredited. Soil samples are
dried at 60C, reduced to 100 grams, and sieved to -80 mesh. A
15-gram charge is then dissolved with a 1:1:1 aqua regia digestion,
and analyzed by a 72-element combination ICP-MS and ICP-AES package
that includes gold. Rock samples are crushed, split, and 250-gram
samples are sieved to 200 mesh. 30 gram charges are then assayed
for gold using fire assay fusion and ICP-ES, and in addition, 0.5
mg charges are dissolved with a 1:1:1 aqua regia digestion, and
analyzed by 37-element ICP-MS that also includes gold. 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.
Trevor J. Bremner, P. Geo., Senior Consulting Geologist and
Advisor to Goldstrike's Board, 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.
To view new photos and maps on the Big One property, refer to
Goldstrike's web site at www.goldstrikeresources.com.
ON BEHALF OF THE BOARD
Reimar Koch, President
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.
Contacts: Goldstrike Resources Ltd. Jeff Stuart (604) 681 1820
or Toll-free: (877) 566 9089 (604) 681 1864
(FAX)info@goldstrikeresources.comwww.goldstrikeresources.com
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