MINING NEWS: NORTHERN NEIGHBORS: Goldstrike fills coffers for 2016 gold exploration at Plateau, YU

Goldstrike Resources Ltd. April 7 reported the closing of the final tranche of a C$3.03 million non-brokered private placement. As a result, the company issued 5,470,014 flow-through units at C17 cents each on March 21; 16,167,517 non-flow-through units at C13 cents each on March 24; and 4,461,538 non-flow-through units on April 5. Each flow-through unit included one flow-through common share and one purchase warrant exercisable to purchase one non-flow-through share for C30 cents until March 21, 2018. Each non-flow-through unit included one common share and one warrant exercisable to purchase one share for C25 cents until March 24. All warrants are subject to early expiry conditions. Goldstrike paid finders’ fees of C$98,525 to Mezzo Consulting Services S.A. and $455 to Canaccord Genuity Corp. No finder’s warrants were issued. This financing provides Goldstrike with the funds to execute this summer’s planned exploration and drilling program on its Plateau gold property in the Yukon Territory, where significant drill results have been obtained in multiple holes. The best such intersection was 13.25 grams per metric ton gold over 17.5 meters in the Goldstack Zone, including 35.88 g/t gold over 5.7 meters. - SHANE LASLEY