Goldstrike Discovers 5.3 Grams Per Tonne Gold in Outcrop on New 4 km Gold Trend
02 November 2011 - 2:30PM
Marketwired
Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINK
SHEETS:APRAF)(FRANKFURT:KCG1) is pleased to report that first pass
reconnaissance sampling on its 100% controlled Summit property in
Yukon Territory has identified a new gold showing within a 4
kilometer by 2 kilometer anomalous gold trend that remains open.
This new showing has been named Solomon's Summit. The main gold
anomaly is located within a band of clastic limestone that is
roughly 3 kilometers by 1.5 kilometers in extent. Samples taken
along this trend are anomalous in gold, arsenic, antimony, mercury,
and thallium, and have a Carlin-like geochemical signature. A grab
sample of decomposed conglomerate with iron oxide matrix taken from
outcrop in the southeast part of the property assayed 5.30 grams
per tonne gold. The Summit property is located 15 km northwest of
the Big One property and is on trend between Northern Tiger's 3ACE
discovery 83 km to the southeast, and ATAC's Osiris discovery, 250
km to the northwest.
Thirty per cent of three hundred reconnaissance soil samples
taken on the Summit property returned gold values greater than 15
parts per billion, including 89 samples over 15 parts per billion
gold, 64 samples over 20 parts per billion gold, 46 samples over 30
parts per billion gold, 18 samples over 50 parts per billion gold,
10 samples over 70 parts per billion gold, and 6 samples over 100
parts per billion gold. Soil highlights include 318.5 parts per
billion (0.32 grams per tonne) gold, and 228.9 parts per billion
(0.23 grams per tonne) gold.
Three of 110 reconnaissance rock samples taken on the property
returned values ranging from 35.38 parts per billion gold to 5.30
grams per tonne gold. The remainder of the rock samples returned
values ranging from below detection to 28 ppb Au. Gold in rock
correlates well with arsenic, mercury, and thallium, and gold in
soil shows a strong correlation with arsenic.
Host rocks consist of a sedimentary sequence of phyllite,
siltstone, shale, conglomerate, limestone, and chert in the hinge
zone of a northwest-plunging regional anticline. These sedimentary
units are considered highly prospective because of their lateral
extent. Within this sequence, areas of brecciation have been
identified by ground mapping. The main gold anomaly is located
within a band of clastic limestone that is roughly 3 kilometers by
1.5 kilometers in extent. 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.
The Summit property was staked to cover the inferred source of a
Yukon Government regional silt anomaly with 62 ppm gold as well as
strongly anomalous arsenic and antimony. This anomaly is 5
kilometers downstream of Solomon's Summit, near an area of strongly
anomalous soil values at the northwest end of the newly outlined
gold trend. A geochemically anomalous reconnaissance sample of
silicified limestone from this area returned 18 parts per billion
gold and 31 parts per million antimony. A second creek draining
Solomon's Summit contained 9 parts per billion gold in silt, along
with anomalous arsenic and thallium.
The Summit property is located 6 km from a trail that connects
to the all weather Nahanni Range Road. An aggressive Phase 2
exploration program is planned for the Summit property in 2012 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.
For more detailed new information on the Summit property, refer
to recent associated links on 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
9089info@goldstrikeresources.comwww.goldstrikeresources.com
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