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Luckystrike Resources Reports Results of 2019 Drill Program at the Lucky Strike Property, White Gold District, Yukon
VANCOUVER, British Columbia, Sept. 18, 2019 (GLOBE NEWSWIRE) -- Luckystrike Resources Ltd. (LUKY.V) is pleased to report the results of its 2019 diamond drill p
About this update from Golden Sky Minerals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 18, 2019 (GLOBE NEWSWIRE) -- Luckystrike Resources Ltd. (LUKY.V) is pleased to report the results of its 2019 diamond drill program on the Lucky Strike Property. Four diamond drill holes totalling 1,105.82 meters were completed (see accompanying map for collar locations here). The Lucky Strike Property, located in the heart of the Yukon’s White Gold District, is 100% owned by Luckystrike Resources Ltd. with no underlying payments or royalties. The 2019 drilling focused on the Monte Carlo zone and was designed to target a previously discovered 1.8-kilometer long Induced Polarization (IP) chargeability anomaly. The intent was to understand the anomaly’s relationship to gold mineralization on the property. Table 1 displays assay intercepts from the 2019 drill program. Drill hole DDLS-19-01 intersected a broad, gold mineralized zone assaying 0.10 g/t Au over 67.0m. DDLS-19-01 also yielded multiple sub-zones, such as 1.91 g/t Au over 2.0m from 249.0 to 251.0m. These intercepts are typically marked by quartz veins with albitic alteration and pyritic mineralization. DDLS-19-01 intersected gold mineralization at depth, assaying 0.88 g/t Au over 6.0m from 273 – 279 meters downhole, indicating good potential for deeper gold-bearing zones. Drill hole DDLS-19-02 intersected multiple zones of low-grade gold mineralization. Oxidized orthogneiss intersected near-surface assayed 0.29 g/t Au over 4.2m from 17.0 – 21.2m. A fault zone within a mica schist unit assayed 0.21 g/t Au over 10.3m from 67.7 – 78.0m. DDLS-19-02 also intersected pyritic quartz-albite veining at depth, assaying 0.27 g/t Au over 5.0m from 199m – 204m. Small breccia units and isolated gold-bearing quartz veins were identified towards the bottom of the hole. These yielded assays of 0.91 g/t Au over 1.0m from 289m - 290m and 0.48 g/t Au over 1.0m from 294 - 295m, and also indicate good potential for gold mineralization at further depth. The results of the 2019 drill program indicate that the 800-meter section of the IP anomaly that was drill-tested did not correlate well with the gold mineralization intersected in 2018 drill hole DDLS-18-06 (4.55 g/t Au over 7.6m). The source of the IP chargeability anomaly appears to be lithological in origin, likely caused by a magnetite-bearing chlorite schist unit. The 2019 drilling revealed i...