Goldstrike Resources Drills 13.25 Grams per Tonne of Gold over 17.5 Meters True Width

Goldstrike Resources (TSXV:GSR) reported results from recent drilling at its flagship Plateau South property. Highlights included an intersection of 13.25 grams per tonne of gold over 17.5 meters true width, including 35.28 grams per tonne over 5.7 meters true width at the Goldstack zone.
As quoted in the press release:

Three shallow holes were drilled at Goldstack. The first hole (PSGS15-01) stepped out 30 metres southeast of the 7 metre wide discovery outcrop that contains abundant free native gold, and intersected 13.25 grams per tonne gold over 17.5 metres, including 20.42 grams per tonne gold over 11.20 metres, including 35.28 grams per tonne (1.03 ounces per tonne) over 5.7 metres, including 62.68 grams per tonne (1.83 ounces per tonne) over 3.0 metres, and remains open. The dip angle between the discovery outcrop and the top of the high grade zone intersected in Hole PSGS-02 is 20 degrees to the southeast, and PSGS-01 was drilled with a dip of 70 degrees to the northwest. The data indicates that the intersections measured in hole PSGS-01 are true widths.
Hole PSGS15-02 was drilled vertically from the same setup, and intersected 2.35 grams per tonne gold over 40.5 metres (38.1 metres true width), including 8.10 grams per tonne gold over 10.8 metres (10.2 metres true width, including 18.09 grams per tonne gold over 4.00 metres (3.80 metres true width). The data show that the drill intersections are 94% of true width. This hole confirmed that the gold mineralization is getting thicker to depth, and remains open.
Hole PSGS15-03 was set up on the discovery outcrop, and drilled approximately down dip. The hole was not drilled to establish true width, but to confirm continuity and consistency of the gold mineralized zone. It shows that the mineralization is consistent over wide intervals, extends from surface to 94.5 metres, and remains open. The hole averaged 1.78 grams per tonne gold over its entire 94.5 metre length, including 2.51 grams per tonne over 66 metres, including 2.84 grams per tonne over 57 metres. An upper high grade section assayed 11.26 grams per tonne over 8 metres, a middle section averaged 1.84 grams per tonne gold over 19 metres, and a lower section returned 2.60 grams per tonne over 13 metres. The true width of the gold mineralized zone has been established by PSGS15-01 and PSGS15-02 and cannot be determined by a down dip hole.
These three drill holes show that the gold mineralized body is consistent and widens to depth, and have significantly expanded its dimensions that remain open. Further drilling is planned to trace the full extent of the high grade gold mineralized system. It is also planned to test other newly discovered gold showings and structures that have been discovered along the same 4 kilometre northwest-southeast Goldstack trend that remains underexplored. The 2015 drill results confirm the strong gold potential of the Goldstack zone, which is located within the 25 kilometre Yellow Giant Trend, a district scale gold system that remains largely unexplored and indicates enormous upside potential.

The company also provided results from its Gold Dome and Goldbank zones. Goldstrike Director and Chief Geologist, Trevor Bremner, said:

These drill results indicate that the Plateau property is a significant original discovery with district-scale potential. Seven drill holes show that the mineralized body at Goldstack has substantial dimensions, has consistency and continuity, and widens to depth. Similar structures and numerous surface showings on the property with metallic gold, and grades as high as 18.66 ounces per ton in bedrock, are widespread on the property. They have been found over a 25 kilometre strike length, and 1,000 metres of vertical extent, indicating that this is a very large gold system with tremendous potential for further discoveries like Goldstack. The gold seen to date is coarse, free milling, and likely amenable to gravity separation. With four float-accessible lakes on or adjacent to the property and an airstrip nearby, it has excellent access, making exploration very cost-effective. Goldstrike’s local Yukon team has achieved all of the results to date in only 15 weeks of cumulative exploration on the ground. The Company looks forward to its next phase of drilling with great anticipation.

Click here for the full press release.