For thousands of other reports visit RSC's Mineral Intellingence Map
Luckystrike Resources Ltd.
Summary
| Project: | Lucky Strike | |
|---|---|---|
| Deposit: | Monte Carlo | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-11-2018: Luckystrike Resources Ltd. announces an Exploration/Drilling Update report for its Monte Carlo deposit at the Lucky Strike project. Drilling results incl. 7.6m @ 4.55g/t Au from 176.90m. November 13, 2018 – Luckystrike Resources Ltd. (LUKY.V) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Roach (Internal) | |
| ABSTRACT: | November 13, 2018 – Luckystrike Resources Ltd. (LUKY.V) is pleased to provide results for its 2018 exploration program at its 100%-owned Lucky Strike Property, located in the heart of the White Gold District, Yukon. The 2018 exploration diamond drill program focused on the Monte Carlo zone and totalled 1359.71 meters of HTW-sized core from 11 holes. The program centered on expanding 2017’s 1033 meter drill program, which yielded numerous gold intercepts, including 5.36 g/t Au over 22m (see November 20, 2017 news release). Previous mechanical trenching in the area has also indicated widespread gold mineralization in the zone, returning results, which included 0.76 g/t Au over 78m (see September 26, 2016 news release). The 2018 drilling covered a strike length of 640 metres. Drilling focused on testing TSX-V: LUKY LUCKYTRIKE RESOURCES LTD. 1010 -1130 West Pender Street Vancouver, British Columbia Canada, V6E 4A4 Telephone: 604 568 8807 Facsimile: 604 681 1864 IR: 604 805 0375 LuckyStrikeRes.com the main Monte Carlo mineralized structure, identified through IP and previous drilling. An untested, large subsurface chargeable IP zone, identified in a 2016 survey and expanded upon in 2018, has been outlined for 1.8 km, and remains open ended in a northwest and southeast direction. The buried IP zone is characterized by strong chargeability responses (10 to 17 mV/V) and corresponding strong resistivity lows. Expansion of the IP survey is highly recommended in both directions, in order to determine the full extent of the highly chargeable and low resistive zone, which corresponds to the 2018 drill intercept of a goldbearing sulphide unit. Many gold-bearing drill hole intercepts were returned from the analyses of 1459 core samples (see Tables 1 and 2). The majority of the drilling focused on the southeast trending Monte Carlo structure and its associated mineralization within an oxidized orthogneiss package (see Figure 1 for drill hole locations). Drill hole DDLS-18-06 intersected high-grade gold (4.55 g/t Au over 7.6m, including 7.89 g/t Au over 4.0m) at depth (170m vertical depth) in a chargeable IP anomaly, confirming the excellent gold potential of this large subsurface IP anomaly. This intersection is significant, as high-grade mineralization occurs in unoxidized, silicified-albitized, sulphidized country rock (orthogneiss); a gold/sulphide-rich unit that directly corresponds to a subsurface, strong IP chargeability zone, which is traceable for 1.8 kilometers, and remains open ended. This unit has excellent potential to quickly expand the high-grade gold mineralization intersected by drilling on Monte Carlo. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report