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Luckystrike Resources Drills 4.55 Grams Per Tonne Gold Over 7.6 Meters; Discovers New Zone Expanding Scale of Monte Carlo to Depth and Along Strike
VANCOUVER, B.C., Nov. 13, 2018 (GLOBE NEWSWIRE) -- Luckystrike Resources Ltd. (TSX-V:LUKY.V) is pleased to provide results for its 2018 exploration program at i
About this update from Golden Sky Minerals Corp.
[{"type":"text","content":" VANCOUVER, B.C., Nov. 13, 2018 (GLOBE NEWSWIRE) -- Luckystrike Resources Ltd. (TSX-V:LUKY.V) is pleased to provide results for its 2018 exploration program at its 100%-owned Lucky Strike Property, located in the heart of the White Gold District, Yukon. Diamond drill hole DDLS-18-06 intersected multiple gold-bearing zones at the Monte Carlo zone, returning 1.16 grams per tonne gold (g/t Au) over 8.3 meters in the upper zone and 4.55 g/t Au over 7.6m in a newly discovered lower zone comprised of a broad gold-sulphide rich unit. This drill hole confirms the lower zone directly corresponds to a large, subsurface, strong IP chargeability anomaly that is defined for 1.8 kilometres and remains open in all directions. The discovery of this broad gold mineralized unit significantly expands the zone to depth, with very strong potential to quickly expand the scale and geometry of Monte Carlo both along strike and to depth by targeting this clearly defined 1.8 kilometre IP anomaly with future drilling (link to Figure 1). The lower zone is considered highly significant, as drill hole DDLS-18-06 represents the only one to have targeted the IP chargeability zone and confirmed the presence of a broad zone of high-grade gold mineralization within the IP anomaly (link to Figure 1). Trenching at Monte Carlo returned 0.94 g/t Au over 30m including 1.14 g/t Au over 24m (link to Figure 2). The 2018 trenching has also significantly expanded the strike length of known gold mineralization along the Monte Carlo trend from 400m to 560m, and the zone remains open to the northwest and southeast. Soil sampling, rock grabs, and IP indicate a larger footprint of 1800m x 450m on Monte Carlo, part of the 10 km Lucky Strike Corridor. Trenching and IP along the 10 km Lucky Strike Corridor was also successful in delineating several new drill targets at both the Maverick and Belmont zones. Monte Carlo Zone Drilling The 2018 exploration diamond drill program focused on the Monte Carlo zone and totalled 1359.71 meters of HTW-sized core from 11 holes. The program centered on expanding 2017’s 1033 meter drill program, which yielded numerous gold intercepts, including 5.36 g/t Au over 22m (see November 20, 2017 news release). Previous mechanical trenching in the area has also indicated widespread gold mineralization in the...