Lower zone doubles chances at Monte Carlo

Luckystrike Resources Ltd. July 9 announced the start of drilling on its Lucky Strike property in the heart of Yukon's White Gold District.

The program will focus on expanding on discovery hole DDLS-18-06, a 2018 hole that cut 7.6 meters averaging 4.55 grams per metric ton gold within a newly discovered lower zone of sulfide mineralization at Monte Carlo.

DDLS-18-06 is the only hole drilled so far to test an 1,800-meter-long induced polarization (IP) chargeability anomaly. The results from this hole confirm this anomaly corresponds to gold-enriched sulfide mineralization in the lower zone.

In addition to the sulfide mineralization cut in DDLS-18-06, Monte Carlo also cut 8.3 meters of 1.16 g/t gold in an upper oxide gold zone.

A hole drilled into this upper zone during 2017 cut 22 meters of 5.36 g/t gold.

Trenching during 2018 expanded the strike length of known surface gold mineralization along the Monte Carlo trend to 560 meters, and the zone remains open to the northwest and southeast. Sampling and geophysics indicate this mineralization could extend for as much as 1,800 meters along strike and up to 450 meters wide.

Luckystrike's 2019 drill program plans to test an 800-meter section of the buried IP chargeability anomaly at Monte Carlo. Between the near-surface oxide mineralization and underlying sulfide target, this drilling provides the potential to quickly expand the scale and geometry of Monte Carlo gold zone both along strike and to depth.

"With continued drilling success the Luckystrike Property is poised to quickly evolve into a significant gold discovery," said Luckystrike Resources President and CEO Bill Chornobay.

Monte Carlo is at the northeast end of a 10-kilometer- (6 miles) corridor running across Lucky Strike that hosts five large gold-in-soil anomalies – Monte Carlo, Belmont, Samson, Boss and Maverick.

–SHANE LASLEY