Mining News: Northern Neighbors: Visible gold cut in first 2016 hole at Plateau

Goldstrike Resources Ltd. Sept. 6 said the first hole drilled at the Goldstack zone at its Plateau property, PSGS-16-01, cut 45.5 meters averaging 6.05 grams per metric ton gold. The company said this hole contains the most abundant visible gold seen in drill core to date at Plateau, a Yukon Territory property known for the presence of VG. So far this year, the company has completed 11 holes at Goldstack. All holes have intersected mineralized stockwork and breccia, and the zone remains open, confirming the robust nature of the mineralized body. The company said the results show that within the mineralized zone, the gold is hosted in parallel vertical fractures similar to the orientation of high-grade veins identified at Bonanza, a recently recognized zone that is located 4,000 meters along strike to the northwest. It is also on trend with the new Goldback zone, where bedrock grab samples returned up to 7.0 g/t gold. Follow-up prospecting and mapping have now extended Goldback from 480 to 580 meters on-trend and uphill from the Goldstack. Six new bedrock grab samples from this zone returned values from below detection level to exceeding the fire assay limit of 10 g/t gold.

-Shane Lasley