Goldstrike Samples 8.18 Ounces Per Ton Within New District-Scale System
18 September 2012 - 1:45PM
Marketwired Canada
Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1) is
pleased to report that it has traced bonanza grade gold mineralization on its
Plateau South property in Yukon over a distance of 13 kilometres in a zone that
remains open to the northwest. Gold in numerous new rock grab samples ranging
from detection limit up to 280 grams per tonne (8.18 ounces per ton) is believed
to be associated with mapped regional scale folding and deformation.
At the newly discovered VG zone, ground geophysics has confirmed a large
structure below bonanza grade mineralization taken from outcrop/subcrop at
surface. This structure is believed by the Company's consulting geologists to be
the source for the gold, and is drill ready. At this location, high grade
mineralization has been found over an area of at least 2,000 by 140 metres, and
the zone remains open in all directions. Several other high grade mineralized
zones have also been defined along the gold-mineralized Yellow Giant trend,
including the Goldbank zone, with rock grab samples up to 34.25 grams per tonne
(1 ounce per ton). These zones and intervening mineralization are associated
with a regional deformation system is a zone of converging fold closures and
intersecting linears trending south east and containing gold mineralization that
has been traced for at least 13 kilometres and remains open, providing for
multiple strong drill targets. Ten kilometers west of the Goldbank zone, the
Goldstack zone is located at the most westerly extent of the Yellow Giant trend
and also remains open. Channel samples up to 14.25 grams per tonne gold over 2.4
metres were previously reported from trenches in the Goldstack zone, and an
exploratory drill hole intersected 9 meters of the mineralized zone (estimated
true thickness) in drill core (Goldstrike News Release 2012-08-12). Drill assays
are pending.
To view the figure associated with this press release, please visit the
following link: http://media3.marketwire.com/docs/819767_fig.pdf
VG Zone
Prospecting and mapping at the VG zone have so far returned seventeen high grade
grab samples ranging from 3.57 to 280 grams per tonne (see table). This includes
sample 1246149, which exceeded the fire assay threshold of 100,000 parts per
billion gold, and is being resampled by metallics fire assay to get a total gold
assay. Results are pending. Based on positive results from a test soil line
across the VG zone, a tight spaced grid of soil samples was established, and
assays on those remain pending.
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VG ZONE SAMPLES greater than 1.0 GRAMS PER TONNE GOLD
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Sample ID Au (grams per tonne) Au (ounces per ton)
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1247401 280.60 8.18
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1246140 210.26 6.13
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1235599 159.48 4.65
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1246149 (Over-limit, submitted for greater than 2.92
metallics assay) greater than 100.0 assays pending
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1247402 65.15 1.90
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1246144 60.51 1.76
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1235594 30.15 0.88
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E5542160 25.00 0.73
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124186 (2011 sample) 19.71 0.57
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1247606 17.95 0.52
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1246142 13.02 0.38
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124185 (2011 sample) 8.86 0.26
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1235583 8.69 0.25
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1247403 4.97 0.14
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1247405 4.17 0.12
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1247132 3.89 0.11
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1246141 3.57 0.10
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1235582 2.78 0.08
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1247409 2.40 0.07
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1235588 1.85 0.05
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E5542560 1.61 0.05
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1247205 1.59 0.05
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1246143 1.19 0.03
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Ground magnetics from the VG showing area indicate a large north-south structure
at least two kilometres in length that is axial planar to shallow-plunging open
fold closures, and remains open to the north. This structure is believed to be
the source of the bonanza grade gold mineralization taken from subcrop/outcrop,
and is drill ready. Drilling is planned to trace the full extent of the gold
mineralization along strike and to depth.
Goldbank Zone
The Goldbank trend occurs as multiple gold-bearing linears that splay off the
Hess River Break, and are stacked over a 500 metre width. The zone is 11
kilometres long, with numerous rock grab samples ranging from detection limit up
to 34.25 grams per tonne (1.0 ounces per ton), including 15 samples over 3 grams
per tonne, 6 samples over 6 grams per tonne, and 3 samples over 11 grams per
tonne. The zone is drill ready, and remains open to the northwest.
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GOLDBANK ZONE SAMPLES greater than 1.0 GRAMS PER TONNE GOLD
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Sample ID Au (grams per tonne) Au (ounces per ton)
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1247181 34.25 1.00
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1244449 26.99 0.79
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1244714 24.70 0.72
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1244441 14.54 0.42
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1247125 11.10 0.32
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1244439 7.23 0.21
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1247116 7.01 0.20
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1246389 6.95 0.20
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1246112 4.81 0.14
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1247180 4.44 0.13
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1247113 4.40 0.13
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1246320 4.15 0.12
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1246388 4.08 0.12
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1247181 3.94 0.12
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1246399 3.53 0.10
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1244715 3.24 0.09
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1247179 3.19 0.09
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1244488 3.05 0.09
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1246110 2.54 0.07
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1247124 2.07 0.06
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1247109 2.03 0.06
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1246385 1.89 0.06
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1244442 1.86 0.05
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1244438 1.30 0.04
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E5542597 1.30 0.04
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1247128 1.29 0.04
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E5542596 1.21 0.04
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1244712 1.17 0.03
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1244450 1.17 0.03
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1244440 1.12 0.03
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1244713 1.09 0.03
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1246114 1.07 0.03
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1244446 1.05 0.03
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Goldstack Zone
The Goldstack Zone is a structurally controlled quartz breccia within an area of
extensive quartz veining, stockwork and brecciation that has produced numerous
samples containing visible gold. Three channel samples cut across the strike of
the zone have returned average values of 14.25 grams per tonne over a total
length of 2.4 metres. Individual channel sample results include 23.82 grams per
tonne over 1 metre, and 7.71 grams per tonne over 1 metre. Another channel
sample cut across strike 7 metres to the east returned a weighted average of
7.29 grams per tonne gold over 1.3 metres, including 40.1 grams over 10 cm (GSR
News Release, 2012-08-20). An exploratory drill hole intersected the Goldstack
mineralized zone in core over 9 metres true thickness. Drill core assays are
pending. Gold mineralization has been found on trend for 4 kilometres and
remains open in all directions. Follow-up drilling is planned.
"We are very excited about the results to date," said Goldstrike President and
CEO Terry King. "These new showings demonstrate the continuity of the Yellow
Giant Trend and the entire System. It seems we may be seeing only the tip of the
iceberg, and it has been suggested by our geologists that we may be seeing the
earliest indications of a new gold district. We look forward to the upcoming
drill results with great anticipation, and we are confident that our results to
date justify a very aggressive exploration program next season."
Altogether a total of 1,690 rock samples, 134 soil samples, and 31 silt samples
were taken on the Plateau South property in 2012, and 82 soil sample assays and
6 silt sample assays remain pending. All drill core assays are pending. Rock
samples assayed to date range from detection limit to 280 grams per tonne gold,
plus a metallics assay that remains pending. Soil samples range from detection
limit to 316.2 parts per billion (0.3163 grams per tonne) gold, and silt samples
range from detection limit to 19.5 parts per billion (0.0195 grams per tonne)
gold.
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.
Note: Grab samples are selective by nature, and are unlikely to represent
average grades on the property.
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 and maps on the Plateau area properties, see
Goldstrike's web site at www.goldstrikeresources.com.
ON BEHALF OF THE BOARD
Terrence E. King, President and Chief Executive Officer
For further information, please visit the company's website at
www.GoldstrikeResources.com.
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