Prospecting on the 11 kilometre long Goldbank trend has resulted in the discovery of new gold mineralization with rock grab samples grading up to 101.11 grams per tonne (2.94 ounces per tonne). In addition, a new gold trend with a strike length with of more than 400 metres was discovered running parallel to the original Goldbank trend and regional fold axes, with rock grab samples grading up to up to 308.49 grams per tonne (9.0 ounces per tonne) gold. The new trend remains open in both directions. Forty-seven of 73 rock samples taken from this new zone assayed between 1 and 308.49 grams per tonne (9 ounces per ton) gold, and six of 35 channel grab samples returned values between 1 and 13.23 grams per tonne (0.39 ounces per ton) gold. The grades of the newly discovered samples grading over one ounce per tonne gold at Goldbank resemble those seen on both Gold Dome and Goldstack. An initial program of four exploratory holes was drilled to test two of multiple targets along the 11 kilometre Goldbank trend. These holes all targeted areas where high grade gold mineralization had been found in outcrop, but were collared prior to receiving assay results from 2013 surface sampling, and the last holes were drilled without key data on subsurface structure obtained from the initial holes. Nonetheless, all four Goldbank drill holes did intersect a gold-arsenic halo that suggests close proximity to gold mineralized shoots. This is a similar geological setting to the gold halo seen at the VG zone, and also to the gold halo that was intersected at Goldstack zone in a single drill hole at the end of the 2012 season. The discovery of that gold halo initiated a follow-up drill program that led directly to the discovery hole at Goldstack this season. Given the extensive high grade gold mineralization confirmed in bedrock, and numerous fold hinges outlined by surface mapping and geophysics, it is clear that there are multiple targets along the 11 kilometre Goldbank trend. Results to date along that trend and the new parallel structure demonstrate that these zones have very strong potential to host multiple high grade gold mineralized shoots.
Goldstrike's technical team is very pleased to see that the company is on track with discovery after less than 10 weeks of cumulative exploration on the Plateau South property to date. The initial exploratory drill program has already confirmed the existence of high grade gold mineralized shoots in both the Goldstack and Gold Dome VG zones, as well as the Company's interpretation that the property is part of a regional-scale mesothermal gold system with a strike length of more than 25 kilometres. More than sixty per cent of Canada's gold production comes from mesothermal gold camps of this type. The Company's geological team has strongly recommended further drilling to fully outline the geometry of the Goldstack and VG discoveries and to test the gold potential of numerous newly identified targets along the Goldbank trend and other portions of the 25 kilometre Yellow Giant trend.
"We are very excited about the success of this initial drill program", said Goldstrike CEO and President Terry King. "The discovery of high grade gold mineralized shoots at both the Goldstack and VG zones and the discovery of high grade gold mineralization at Goldbank are excellent starting points from which to expand the gold potential of the 25 kilometre long Yellow Giant trend at Plateau South."
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