Posted in | Gold | Mining Business

Goldstrike Resources Begins Exploration Program on Plateau Property in Central Yukon

Goldstrike Resources Ltd. is pleased to announce that it has, in conjunction with its new strategic partner, a Canadian subsidiary of Newmont Mining Corporation, commenced the most comprehensive exploration program to date on the Plateau property, situated in Central Yukon, 130 kilometres southeast of Mayo.

The program has been initiated with a close-spaced helicopter geophysical survey covering the entire ~571 square kilometre Plateau property, utilizing Newmont's proprietary system. The results of that survey will be augmented with high resolution Radarsat-2 "bare-rock" surface mapping and half meter resolution satellite imagery to facilitate interpretation of the structural geology of the 50 kilometre long, district scale, gold mineralized corridor defined to date.

Goldstrike and Newmont have also commenced a program on large untested portions of the property using Newmont's proprietary reconnaissance geochemistry (BLEG) technique. These technologies and methodologies have been refined through use on a multitude of properties around the globe and come with a proven track record of success that will greatly enhance Goldstrike's ability to discover additional gold mineralization on the Plateau property.

Two float-plane accessible camps, complete with docks, will host the Newmont and Goldstrike technical teams and drilling crews that will carry out follow-up surveys and diamond drilling at Goldstack as well as other newly discovered areas containing high grade gold mineralized quartz veining and breccia systems such as "Big-Bang" and "Bonanza". These and several other new gold showings were discovered in 2016, expanding the known extent of the district scale gold mineralized corridor from 25 kilometres to 50 kilometres. Ground geophysical and geochemical surveys will also be executed to further define the extent of gold mineralization on multiple zones within this corridor in preparation for the largest drill campaign to date.


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