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Goldstrike Resources Ltd.
Summary
| Project: | Lucky Strike | |
|---|---|---|
| Deposit: | Lucky Strike | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-1-2018: Goldstrike Resources Ltd. announces an Exploration/Drilling Update report for its Lucky Strike deposit at the Lucky Strike project. Drilling results incl. 7.73m @ 3.04g/t Au from 6.1m. January 16, 2018 – Goldstrike Resources Ltd. (GSR.V) is ple | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stefan Kruse (Internal) | |
| ABSTRACT: | January 16, 2018 – Goldstrike Resources Ltd. (GSR.V) is pleased to report the results from the final hole of the 2017 Lucky Strike drill campaign. Hole DDLS-17-08 returned 3.04 g/t Au over 7.73 metres(including 1.52 metres of 14.0 g/t Au) in diamond drill core. DDLS-17-08 was drilled at an azimuth of 2300 and was collared 40 metres west of discovery hole DDLS-17-09 that returned 5.36 g/t Au over 22 metres. DDLS-17- 09 was drilled at an azimuth of 1800 (Table 1). Goldstrike successfully completed 1,032 m of diamond drilling in nine shallow exploratory holes that constituted the 2017 drill program at Lucky Strike. All nine holes successfully intersected gold mineralization (Map 1 – Drill Plan). All assay results from 2017 have now been reported. The mineralized zone remains open at depth and in all directions. This drill program utilized HTW large diameter size core to optimize recovery due to the brittle and highly oxidized nature of the near surface gold mineralization. Additional maps and sections can be viewed at: Lucky Strike Project. Based on the success of this first pass exploratory drill program and with its advanced exploration permit in place, Goldstrike is currently planning for the largest exploration program in the history of the Lucky Strike property. The team is currently compiling the large volume of data acquired in 2017 in preparation for phase two exploration and drilling. The data compilation includes geophysics, geochemistry, mapping and high resolution airborne photography, and 3D property-wide terrane modeling that will allow advanced targeting methods along the 10 km Lucky Strike gold corridor. Gold mineralization is exposed at surface in the Monte Carlo Zone in a series of silicified and heavily oxidized zones that have a subtle linear topographic expressions and a strong geochemical association with silver, bismuth, tellurium, mercury, antimony, molybdenum and copper. | |
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