The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Goldstrike Resources Ltd. Aug. 10 said drilling is underway at its Plateau South gold property in the Yukon Territory.
The drilling started in the Goldstack zone, a seven-meter-wide gold-bearing outcrop where drilling in 2015 cut 17.5 meters averaging 13.5 grams per metric ton gold.
The zone is part of the Yellow Giant Trend, a 29-kilometer- (18 miles) long gold system where the company continues to find intriguing zones with visible gold.
Prospecting and mapping carried out during an initial phase of 2016 exploration identified a number of significant new gold showings, including the new Bonanza Zone located 4,000 meters northwest of Goldstack.
The Bonanza discovery contains the most pervasive coarse visible gold seen in bedrock on the Plateau property to date, and has returned grab samples up to 436.4 g/t gold.
A second high-grade showing, Bonanza North, has been discovered outcropping 100 meters north of the initial discovery.
A third showing was found on trend and 160 meters southeast of Bonanza North.
Follow-up exploration to prepare Bonanza for drilling is underway.
The phase-1 exploration discovered four other new zones - Goldback, Goldbar, Gold Standard and Goldworks.
Follow-up mapping, prospecting and ground geophysics are planned to delineate drill targets at these new zones.
"These new discoveries have significantly expanded the known extent of this new district-scale gold system," said Goldstrike Director Trevor Bremner.
"The discovery of extensive high-grade mineralization in the Bonanza area, a sizeable expansion of the Goldbank trend, a new showing on a separate structure southwest of Goldstack, and significant gold assays from fine-grained sedimentary rocks as well as the metavolcanics, demonstrate just how extensive and pervasive the gold mineralization on this property is."
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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