Note that hole PSVG13-08 was not drilled.
(1) The reported intersections are drilled thicknesses. True widths in the VG zone are believed to be between 78 and 100 per cent of these values. Due to structural complexity, true widths in the Goldstack zone have not been established at this time. Accordingly, the true width is estimated to range from 27 and 65 per cent of these values.(2) Where ICP and fire assay values are about the same, the fire assay is normally quoted. Where the ICP gold value is many times larger than the fire assay, it is likely due to a nugget effect caused by uneven distribution of coarse gold in the original sample. Many metallics assays taken on the property have already confirmed this, but in a few cases where a metallics assay is not available, the ICP value has been quoted.
A total of 376 rock grab samples, 1013 drill core samples, 81 channel samples, 304 soil samples, and 3 silt samples were taken on the Plateau South property in 2013. Rock grab samples ranged from below detection level to greater than the upper detection limit levels of 10,000 and 100,000 parts per billion (10 and 100 grams per tonne) gold for Fire Assay and Inductively Coupled Plasma Mass Spectrometry results respectively. Re-analysis of rock grab samples that returned over 600 parts per billion (0.6 grams per tonne) gold returned results ranging up to 351.49 grams per tonne (10.25 ounces per ton) gold using Metallics Fire Assay. Drill core samples ranged from below detection level to greater than the upper detection limit levels of 10,000 and 100,000 parts per billion (10 to 100 grams per tonne) gold for Fire Assay and Inductively Coupled Plasma Mass Spectrometry results respectively. Re-analysis of over-the- limit drill core samples by Metallics Fire Assay returned values up to 90.12 grams per tonne (2.63 ounces per tonne) gold. Channel samples ranged from below detection level to 18.35 grams per tonne (0.54 ounces per ton) gold, soil samples ranged from below detection level to 375.0 parts per billion gold, and silt samples ranged from below detection to 6.6 parts per billion gold. There are no sample assays outstanding.
Goldstrike holds an option to acquire a 100% interest in the Plateau property subject to a 3% NSR, of which 2/3 (i.e. 2%) may be purchased for $1,000,000. Details of the option are set out in the Company's financial statements filed on SEDAR at www.sedar.com.
All of Goldstrike's summer exploration results have now been released except for the Summit property in the eastern Selwyn Basin, where bedrock grab samples taken in 2012 returned up to 9.92 grams per tonne gold in a quartz breccia cutting calcareous sediments of the Lower Hyland Group in a Carlin-style setting (News Release October 1, 2012). A program of mapping, prospecting, trenching, and geophysics was carried out in 2013. New zones of mineralization were identified in the field, and assay results are pending.
Sample analysis and assaying for all of Goldstrike's projects are being conducted by Acme Analytical Laboratories Ltd in Vancouver, BC, which is ISO 9001 accredited. Soil samples are dried at 60C, and 100 grams is sieved to -80 mesh. A 15 gram sample split is then leached in aqua regia at 95 degrees C, and analyzed by a 36-element ICP package that includes semi-quantitative gold. Rock samples are crushed to 80% -10 mesh, and a 250 gram sample split is pulverized to 85% -200 mesh. 30 gram charges are then assayed for gold using fire assay fusion and ICP-ES finish with a lower detection limit of 2 ppb, and an upper detection limit of 10 ppm Au. In addition, 0.5 mg charges are digested by modified 1:1:1 aqua regia (HCl-HNO3-H20) and analyzed by 36-element ICP-MS that also includes semi-quantitative gold with a lower detection limit of 0.5 ppb Au and an upper detection limit of 100 ppm Au. All samples containing visible gold or returning assays of more than 10 ppm gold are subjected to metallic fire assays, for which the plus fraction is finished gravimetrically and the minus fraction is finished with AA. Rigorous procedures are in place regarding sample collection, chain of custody and data entry. Certified assay standards, duplicate samples and blanks are routinely inserted into the sample stream to ensure integrity of the assay process.
Note: Grab samples are selective by nature, and are unlikely to represent average grades on the property.
Trevor J. Bremner, P. Geo., Chief Consulting Geologist and Goldstrike Board Member, is a qualified person, as defined by National Instrument 43-101, for Goldstrike's Yukon exploration projects and supervised the preparation of, and has reviewed and approved, the technical information in this release.
ON BEHALF OF THE BOARD
Terrence E. King
President and Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery proces7.60ses, etc. Forward-looking statements address future events and conditions, and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements.
King James Capital Corporation
Goldstrike Resources Ltd.