HOME PAGE SUBSCRIPTIONS, Print Editions, News Bulletin PRODUCTS READ MINING NEWS ARCHIVE ADVERTISING EVENT READ THE PETROLEUM NEWS, EXTENSIVE ARCHIVES!

Providing coverage of Alaska and Northwest Canada's mineral industry
August 2016

Vol 21, No. 33 Week of August 14, 2016

Mining News: Northern Neighbors: A bonanza of gold discoveries at Plateau South, drilling begins

Goldstrike Resources Ltd. Aug. 10 said drilling is underway at its Plateau South gold property in the Yukon Territory. The drilling started in the Goldstack zone, a seven-meter-wide gold-bearing outcrop where drilling in 2015 cut 17.5 meters averaging 13.5 grams per metric ton gold. The zone is part of the Yellow Giant Trend, a 29-kilometer- (18 miles) long gold system where the company continues to find intriguing zones with visible gold. Prospecting and mapping carried out during an initial phase of 2016 exploration identified a number of significant new gold showings, including the new Bonanza Zone located 4,000 meters northwest of Goldstack. The Bonanza discovery contains the most pervasive coarse visible gold seen in bedrock on the Plateau property to date, and has returned grab samples up to 436.4 g/t gold. A second high-grade showing, Bonanza North, has been discovered outcropping 100 meters north of the initial discovery. A third showing was found on trend and 160 meters southeast of Bonanza North. Follow-up exploration to prepare Bonanza for drilling is underway. The phase-1 exploration discovered four other new zones – Goldback, Goldbar, Gold Standard and Goldworks. Follow-up mapping, prospecting and ground geophysics are planned to delineate drill targets at these new zones. “These new discoveries have significantly expanded the known extent of this new district-scale gold system,” said Goldstrike Director Trevor Bremner. “The discovery of extensive high-grade mineralization in the Bonanza area, a sizeable expansion of the Goldbank trend, a new showing on a separate structure southwest of Goldstack, and significant gold assays from fine-grained sedimentary rocks as well as the metavolcanics, demonstrate just how extensive and pervasive the gold mineralization on this property is.”

-Shane Lasley






Mining News North - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.miningnewsnorth.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (North of 60 Mining News)(Petroleum News Bakken)(Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.