GSR Goldstrike Resources Ltd New

Goldstrike Resources Ltd. (TSX VENTURE:GSR) (PINKSHEETS:APRAF) (FRANKFURT:KCG1) 
is pleased to report a fire assay of 3.2 grams per tonne gold in a rock grab
sample taken from a new outcrop on its Lucky Strike property along a
geophysically indicated structure trending east west to east-northeast for 410
metres that remains open. This structure was identified using high resolution
ground geophysics that confirms that the structure passes through the
mineralized outcrop and beyond. A second rock grab sample, taken from outcrop
160 metres from the first, assayed 1.97 grams per tonne gold and is believed to
be associated with the same structure. The Lucky Strike property contains
widespread gold soil anomalies over a 7 kilometre strike length, with values up
to 703.7 parts per billion gold taken to date. These results indicate excellent
potential for additional gold discoveries.


The Lucky Strike property is located in the heart of the White Gold District, 30
kilometres north-northeast of Kaminak's Coffee Creek property, 15 kilometres
east of the Kinross Golden Saddle deposit, and 12 kilometres south-southeast of
Comstock's recent discovery of 3.74 grams per tonne gold over 74 metres in an
exploration trench. The gold mineralized host rock, strong soil geochemistry,
and gold mineralized structure identified on the Lucky Strike property appear
very similar to those originally found at Coffee Creek, Golden Saddle, and the
new Comstock discovery. Based on the significance of the programs results, and
the success demonstrated by Kaminak, Kinross and Comstock from trenching and
diamond drilling similar gold-mineralized structures in the White Gold District,
Goldstrike is planning a future program of trenching and diamond drilling to
trace the full extent of this gold mineralized structure both to depth and along
strike.


A total of 37 rock grab samples, 44 soil samples, and 2 silt samples were
collected on the Lucky Strike property in 2012. Rock grab sample assays ranged
from detection level to 3.2 grams per tonne, soil samples ranged from detection
level to 71.2 parts per billion, and the silt samples ranged from detection
level to 7.2 parts per billion. Assay results for 5 soil and 7 rock samples
remain outstanding, the company also expects drill core assay results from the
Plateau property in the near future. 


Sample analysis and assaying for all of Goldstrike's projects are being
conducted by Acme Analytical Laboratories Ltd in Vancouver, BC and AGAT
Laboratories Limited in Mississauga, Ontario, both of which are ISO 9001
accredited. Soil samples are dried at 60 degrees C, 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 Lucky Strike, see Goldstrike's web
site at GoldstrikeResources.com.


ON BEHALF OF THE BOARD

Terrence E. King, President and Chief Executive Officer

For further information, please visit Goldstrike's website at
GoldstrikeResources.com, and follow the Company's tweets at
Twitter.com/GoldstrikeRes.

Goldstrike Resources (TSXV:GSR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Goldstrike Resources (TSXV:GSR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024