Mining News: Northern Neighbors: Goldstrike readies to drill Lucky Strike

Goldstrike Resources Ltd. Nov. 21 reported that a second phase of 2016 bedrock trenching program at its Lucky Strike property Yukon's White Gold District has identified drill ready targets at the property’s Monte Carlo zone. The gold zone, which was discovered with trenching earlier this year, is one of fivelarge gold-in-soil anomalies identified at Lucky Strike. In the latest round of results, trench LS-TR-16-10 encountered 44 meters averaging 0.34 grams per metric ton gold. This work extends the strike extent of the Monte Carlo northwest by 140 meters. Goldstrike says the gold-in-soil anomalies that characterize Monte Carlo measure 1,400 by 350 meters and remains open, making them one of the largest undrilled anomalies in the White Gold District. An induced polarization geophysical survey was also conducted during the phase-2 program. This survey identifies a northwest-southeast trending geophysical anomaly which strongly coincides with the known gold mineralization seen in the mechanical trenches at Monte Carlo. Goldstrike said it is planning a maiden drill program for Monte Carlo. Further work is also being planned for two other zones at Lucky Strike, Belmont and Maverick. A soil survey conducted during the phase-2 program has doubled the previously known extent of the gold- and tellurium-in-soil anomaly at Belmont to roughly 1500 by 800 meters. Goldstrike has completed limited trenching on the fringes of Belmont and the company plans to trench the most prospective areas of this newly expanded zone in preparation for drilling. The Maverick zone, discovered during reconnaissance soil sampling along the prospective trend at Lucky Strike trend, currently measures 200 by 150 meters. Goldstrike is planning follow-up work with the goal of delineating drill targets at Maverick.

-Shane Lasley