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Goldstrike Resources and Newmont Mining Mobilize for Plateau Property Exploration
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 15, 2017) - Goldstrike Resources Ltd. (TSX VENTURE:GSR)(OTC:APRAF)(FRANKFURT:KCG1) is pleased to announce that i
About this update from Trailbreaker Resources Ltd
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 15, 2017) - Goldstrike Resources Ltd. (TSX VENTURE:GSR)(OTC:APRAF)(FRANKFURT:KCG1) is pleased to announce that it is mobilizing to the Plateau Property in central Yukon with its new strategic partner, a Canadian subsidiary of Newmont Mining Corporation (NYSE:NEM) (News Release March 6, 2017), to execute the most extensive exploration campaign ever carried out on the property. Goldstrike and Newmont will execute an extensive program utilising many of Newmont's proprietary exploration tools that have a proven record of success. Airborne and ground geophysical surveys, geochemistry, geological mapping, detailed sampling and extensive diamond drilling are all aimed at discovering additional zones of gold mineralization while better defining known zones of high grade gold mineralization. Goldstrike has allocated 100% of the proceeds from the recent C$6,200,000 equity investment by Newmont to its exploration program at Plateau. The Plateau Property represents an entirely new and undeveloped district scale gold mineralized system in Canada's Yukon, 130 kilometres southeast of Mayo. Through its brief history, starting in 2011 with the initial discovery by the Goldstrike team, the Plateau Property has year over year revealed an ever-expanding gold mineralized system that has reached 50 kilometres in length and remains open for expansion in all directions. Based on new information and guidance by Newmont, the company has recently expanded the claim block from approximately 350 square kilometres to 2,733 claims encompassing some 571 square kilometres. Goldstrike's Yukon land holdings, including those in the White Gold District, now total 4,704 claims covering over 1,000 square kilometres. Prospecting and mapping crews have consistently discovered high grade gold mineralization in quartz veins, stockworks and breccias at Plateau that often carry visible gold. The team discovered multiple new gold mineralized zones in the final days of the 2016 field season: most notably Bonanza, Goldbar, Bullion and Big Bang. The \"Big Bang\" is made up of numerous quartz veins and breccias occurring across a 3 kilometre by 2 kilometre area. Fifty reconnaissance rock grab samples taken from the Big Bang zone over an 8 day period returned assays ranging from below detection level to 21.2 grams per tonne (gpt) g...