Mining News: Northern Neighbors: Bonanza, other Plateau gold finds ready to drill

Goldstrike Resources Ltd. Oct. 3 reported that initial channel samples of a 30- by 30-meter outcrop in the Bonanza zone of its Plateau property in the Yukon Territory have returned 15.06 grams per metric ton gold over 1.13 meters, 14.4 g/t gold over 0.9 meters, 6.9 g/t gold over 1.3 meters and 2.22 g/t gold over 2.75 meters. These results are similar to initial channel samples taken at the Goldstack discovery outcrop in 2012. Located 4,000 meters northwest of Goldstack, Bonanza consists of a swarm of parallel veins with mineralization similar to that seen in the high grade drill intersections at Goldstack. Assays of 28 rock grab samples collected at Bonanza zone have ranged from below detection limit to 436.4 g/t gold. Goldstrike said the grab and channel assay results from the Bonanza zone provide strong drill targets designed to trace the gold mineralization both to depth and along strike in the next phase of exploration. Based on the similarity between the surface channel sample results at Bonanza and Goldstack, the geological team believes that Bonanza has excellent potential to evolve into a significant gold discovery in the subsurface, as seen as Goldstack. At the Goldback zone, located immediately southeast of Goldstack, 44 reconnaissance rock grab samples returned values ranging from below detection to 15.1 g/t gold. Goldstrike said this discovery provides excellent future drill targets along trend up to 600 meters to the southeast of Goldstack. The company also reported sampling success at Big Bang, a zone discovered earlier this year about 10 kilometers (6.2 miles) northwest of Bonanza. Fifty reconnaissance rock grab samples collected at Big Bang returned assays ranging from below detection l to 21.2 g/t gold, including 14 samples that returned more than one g/t gold. Two initial channel samples from the Big Bang zone returned 2.17 g/t gold over one meter and 3.46 g/t gold over half a meter.

-Shane Lasley