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October 09, 2014 --- Vol. 08, No. 41October 2014

Yukon Territory

GOLD – Goldstrike Resources Ltd. Oct. 8 said additional geochemical surveys have confirmed a 7.7-kilometer (4.8 miles) gold trend on the Lucky Strike property, which is adjacent to Kinross Gold Corp.’s White Gold property in the Yukon Territory. Goldstrike says the gold trend at Lucky Strike coincides with a strong northwest structure that is outlined in soil geochemistry, rock samples from hand pits and trenches, and magnetic surveys. A new anomaly was discovered at the northwest end of this trend in 2014 with values up to 923.7 parts-per-billion gold in soil. The company said previous trenching uncovered up to 41.69 grams-per-metric-ton gold in bedrock on this trend. Limited exploration has already identified five separate areas of significant gold mineralization along the Lucky Strike trend to date, including the previously trenched area, and the new 2014 soil discovery. Goldstrike says the 2014 detailed geochemistry results showed that trenches to date are oblique to the main northwest structural trend, which remains largely unexplored. The company’s technical team is recommending a series of northeast-southwest trenches across the major gold-mineralized structure, to delineate drill targets in areas that have not been trenched and have returned strongly anomalous gold values. The 2014 program at Lucky Strike included excavator trenching, soil sampling and prospecting, and a ground magnetic survey. A total of 608 soil samples and 27 rock grab samples were taken, and no assay results are outstanding. Goldstrike received a Yukon Mineral Exploration Program grant to help offset the cost of 2014 exploration.

GOLD/SILVER – Rockhaven Resources Ltd. Oct. 8 reported results for 10 holes drilled at the Central Klaza Zone of its Klaza property, located in the Dawson Range Gold Belt of southern Yukon. The Central Klaza Zone is situated along strike and to the east of the Western Klaza Zone and 1,200 meters northeast of the Western BRX Zone. Highlights from the new holes testing the Central Klaza Zone are: 22.90 grams per metric ton gold and 1,100 g/t silver over 0.62 meter in hole 171; 11.13 g/t gold and 65.9 g/t silver over 2.45 meters in hole 199; 5.65 g/t gold and 466 g/t silver over 1.32 meters in hole 210; and 8.33 g/t gold and 201 g/t silver over 1.48 meters in hole 222. Trenching and drilling at Central Klaza have delineated gold and silver mineralization over 800 meters along strike and to a depth of 325 meters. “Drilling at the Central Klaza Zone has successfully extended high-grade gold and silver mineralization to depth and confirmed the continuity of mineralization through in-fill drilling in the western portion of the target,” said Rockhaven CEO Matt Turner. “The multiple structures identified near surface appear to coalesce into stronger structures at depth, which is positive for any potential mining scenarios at the Central Klaza Zone.” Mineralization in the Central Klaza Zone differs from the other three areas explored in 2014 in that it is a laterally extensive complex of steeply dipping and anastomosing veins, breccias and sheeted veinlets emplaced within a 25-100-meter-wide structural corridor. The 2014 drilling at this zone focused on areas where veins were expected to coalesce, forming more discrete and higher grade veins similar to those in the Western BRX and Western Klaza zones.

GOLD/SILVER – Rockhaven Resources Ltd. Oct. 6 reported additional results from 2014 drilling at the Western and Central BRX zones of its Klaza property, located in the Dawson Range Gold Belt of southern Yukon Territory. Highlights from the new holes testing the Western BRX Zone include: 27.8 grams per metric ton gold and 656 g/t silver over 1.01 meters in hole 172; 20.73 g/t gold and 235 g/t silver over 1.11 meters in hole 181; 10.23 g/t gold and 298 g/t silver over 2.18 meters in hole 186; and 21.5 g/t gold and 323 g/t silver over 1.47 meters in hole 188. Drilling announced to date has systematically traced the Western BRX zone overs some 500 meters along strike length and from surface to a depth of 325 meters. “Systematic drilling continues to demonstrate excellent continuity and size potential with numerous high-grade gold and silver assays within the Western BRX Zone,” said Rockhaven Resources CEO Matt Turner. “Consistent intercepts grading more than 20 g/t gold are delineating an exceptionally high-grade discovery.” The Central BRX Zone is the site of the original discovery at the Klaza property and is situated along strike and to the east of the Western BRX Zone. These two zones are separated by a cross fault that facilitated both vertical and lateral displacement between the two zones. Although the orientation and visual nature of the veins are similar on both sides of the fault, mineralization is generally silver dominant in the Central BRX Zone. Highlights include: 2.84 g/t gold and 185 g/t silver over 1.25 meters in hole 194; 1.92 g/t gold and 214 g/t silver over 4.61 meters in hole 196; 6.76 g/t gold and 978 g/t silver over 0.73 meters in hole 197; and 7.74 g/t gold and 156 g/t silver over 1.07 meter in hole 198. Exploration drilling in 2014 at the Central BRX Zone targeted near-surface mineralization along a 1,000-meter strike length. Rockhaven said this work has identified key structural controls and provided a better understanding of mineral zonation and grade continuity, which will aid in future drilling at this zone.

SHARE CONSOLIDATION – Northern Freegold Resources Ltd. Oct. 8 said it has received TSX Venture Exchange approval for a proposed share consolidation. At the opening of trading on Oct. 9, the consolidated Northern Freegold shares began trading on the TSX Venture Exchange on the basis of a 10-1 consolidation. Prior to the consolidation, the company had 152,409,884 shares issued and outstanding. Post consolidation, Northern Freegold has 15,240,988 shares issued and outstanding. A letter of transmittal with respect to the consolidation has been mailed to the shareholders of the company.

GOLD – ATAC Resources Ltd. Oct. 7 reported results from the final three 2014 diamond drill holes recently completed at the Conrad Zone, located within the Nadaleen Trend at the eastern end of Atac’s 1,700-square-kilometer (656 square miles) Rackla Gold Project in central Yukon Territory. Highlights include: All three step-out holes at the Conrad Lower Zone hit high-grade gold mineralization and expand the zone; Lower zone gold mineralization occurs as multiple stacked, flat-lying bodies that are concentrated along a vertical siltstone-limestone contact - the Lower Zone remains open along strike and at depth; and newly discovered high-grade gold mineralization below the Lower zone opens up an entirely new area for exploration. “The 2014 Conrad drilling program achieved its objective, with all four holes expanding the Lower Zone with high-grade gold intersections either along strike or below known mineralization,” said Julia Lane, Atac’s Rackla Gold Project Manager. “Only 300 meters of the presently known 800-meters-long favorable siltstone-limestone contact has been tested and the Lower Zone remains open to expansion along strike and below the current tier of drill intersections.” Carlin-type gold mineralization at the Conrad zone occurs in both an upper and lower zone and is hosted in multiple structural and stratigraphic settings. Mineralization at the Conrad Lower zone is characterized by strong alteration and mineralization within multiple stacked, flat-lying bodies proximal to a laterally extensive near-vertical siltstone-limestone contact. The final three 2014 drill holes were targeted based on recent successful drilling at the Lower Zone, which intersected 30.79 meters of 9.50 g/t gold (hole OS-14-227). Holes OS-14-228 and OS-14-229 further demonstrate the lateral continuity and high-grade nature of the Lower zone with intercepts of 40.22 meters of 6.57 g/t gold and 36.57 meters of 5.06 g/t gold, respectively. The final hole, OS-14-230 intersected two new significant gold intervals that returned 42.67 meters of 3.03 g/t gold and 21.71 meters of 3.15 g/t gold, beneath previously known Conrad mineralization. Mineralization at the Lower zone remains open along strike and at depth. An extensive trenching and auger drilling program was recently completed within the 12 square-kilometer (4.63 square-mile) Anubis area located 10 kilometers (six miles) west of the Osiris cluster of gold zones. Results from this program will be released when results have been received and compiled.

RECLAMATION – Veris Gold Corp. Oct. 3 said it is co-operating with the Yukon Department of Energy, Mines and Resources to address certain maintenance and remedial work required at the Ketza River Project located in southeastern Yukon Territory. Veris Gold, formerly Yukon-Nevada Gold Corp., has explored the Ketza River property for gold until recent years. The reclamation work includes maintenance work on access road bridges and seepage control and stabilization of surface-water diversion structures. The work will be funded from a C$3 million security fund that Veris has established for reclamation. The Yukon Government will undertake the contracting of the required work. Veris has offered to co-operate and has urged the Government of Yukon to work with the company to ensure the most efficient and cost-effective completion of the works. The Ketza River gold project is operated by Ketza River Holdings Ltd., a subsidiary of Veris.


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