Goldstrike, Newmont move toward Plateau

Goldstrike Resources Ltd. May 15 announced that crews and equipment are being mobilized to the Plateau gold property in central Yukon for the maiden exploration campaign under partnership with Newmont Mining Corp. This program will start off by outlining the full extent of numerous high-grade gold showings at Plateau in preparation for drilling later in the year.

"This will prove to be a defining season for the Plateau property," said Goldstrike Chief Geologist James Moors. "Our recent partnership with Newmont allows us to advance to the next stage of development by committing the resources and technical expertise necessary to further focus our efforts and understand the nature of the extensive new gold system."

This effort will begin with an intensive geological mapping and sampling to increase the resolution of information over a 60-square-kilometer (23 square miles) area and allow crews to vector into key areas with the strongest potential for additional discoveries.

The program will also involve the use of Newmont's proprietary geochemistry surveys, ground geophysics and detailed geological mapping along the interpreted trend of showings will help define the extent of mineralization both on surface and at depth.

Property scale geophysics and detailed surface modelling will refine understanding of the geology and structural framework that control the high-grade gold mineralized zones across the district and identify key areas having strong potential to host additional gold mineralization.

In the final preparation for the most extensive drill program ever carried out at Plateau, the partners will trench and sample the most promising of the gold discoveries.

Separately, Goldstrike is preparing for the largest exploration program ever completed at its Lucky Strike property in Yukon's White Gold District.

-SHANE LASLEY