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Goldstrike Resources Ltd.
Summary
| Project: | Lucky Strike | |
|---|---|---|
| Deposit: | Monte Carlo | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-11-2017: Goldstrike Resources Ltd. announces an Exploration/Drilling Update report for its Monte Carlo deposit at the Lucky Strike project. Drilling results incl. 22m @ 5.36g/t Au from 13m. Nov 20, 2017 – Goldstrike Resources Ltd. (GSR.V) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stefan Kruse (Internal) | |
| ABSTRACT: | Nov 20, 2017 – Goldstrike Resources Ltd. (GSR.V) is pleased to report that a discovery drill hole (DDLS-17- 09) has intersected a broad zone of near surface gold mineralization at the Monte Carlo zone on the Lucky Strike property grading 5.36 grams per tonne gold over 22 metres, including 18.79 grams per tonne gold over 5.72 metres (Table 1). Goldstrike successfully completed 1,032 m of diamond drilling in the nine shallow exploratory holes that constituted the 2017 drill program (Map 1 – Drill Plan). Assay results from hole DDLS-17-08 are still pending, but all other holes intersected gold mineralization over a 200 m strike length. 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. Gold mineralization comes to surface in a series of silicified and heavily oxidized zones that have a strong geochemical association with silver, bismuth, tellurium, mercury, antimony, molybdenum and copper. Drilling at Lucky Strike in 2017 was designed to test a 450 by 1,450 metre coincident geochemical gold anomaly and geophysical target located at the Monte Carlo zone. The Monte Carlo zone is only one of five large gold anomalies along a 10 kilometre trend on the property, and only the Monte Carlo zone has been drill tested to date. | |
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