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Goldstrike Resources Ltd.
Summary
| Project: | Plateau South | |
|---|---|---|
| Deposit: | Goldstack | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-9-2016: Goldstrike Resources Ltd. announces an Exploration/Drilling Update report for its Goldstack deposit at the Plateau South project. Drilling results incl. 45.50m @ 6.05g/t Au from 11.00m. September 6, 2016 – Goldstrike Resources Ltd. (GSR.V) is pl | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Trevor J. Bremner (Internal) | |
| ABSTRACT: | September 6, 2016 – Goldstrike Resources Ltd. (GSR.V) is pleased to report that its first hole PSGS-16-01 at Goldstack intersected 6.05 grams per tonne gold over 45.5 metres, including 12.5 grams per tonne gold over 20.65 metres, including 21.13 grams per tonne gold over 12.25 metres, including 34.35 grams per tonne (1 ounce per ton) gold over 6.75 metres. To date in 2016 the Company has completed eleven holes at Goldstack totalling over 1,500 metres. All holes have intersected mineralized stockwork and breccia and the zone remains open, confirming the robust nature of the mineralized body. The current drilling is designed to delineate the length, width and thickness of the Goldstack zone. Goldstack is located on the company’s 100% controlled Plateau property in Yukon, which covers more than 350 square kilometres. The Plateau property contains multiple new gold showings along a newly discovered, underexplored, district-scale gold system. Hole PSGS16-01 was a 15 metre step-out north-northwest from the collar of Hole PSVG15-01 and was drilled in a southwest direction at an angle of 45 degrees to further delineate the dimensions and orientation of the Goldstack zone. It intersected the mineralized zone consisting of stock-work, argillite and hydrothermal breccia with a combined down-hole width of 45.5 metres. This hole contains the most abundant coarse visible gold seen in drill core to date at Plateau, with multiple gold grains ranging from disseminated specks to 4 millimetre grains. Drill composites are shown in the following table. All values are uncut. | |
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