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Goldstrike Resources and Newmont Mining Plan 10,000 Meter Drill Program at Plateau Project in 2018
VANCOUVER, British Columbia, Dec. 11, 2017 (GLOBE NEWSWIRE) -- Goldstrike Resources Ltd. (TSX-V:GSR) (OTC PINK:APRAF) (FRANKFURT:KCG1) is pleased to report that
About this update from Trailbreaker Resources Ltd
[{"type":"text","content":"VANCOUVER, British Columbia, Dec. 11, 2017 (GLOBE NEWSWIRE) -- Goldstrike Resources Ltd. (TSX-V:GSR) (OTC PINK:APRAF) (FRANKFURT:KCG1) is pleased to report that it has successfully completed the 2017 exploration season and is preparing for the official handover of the Plateau project to Newmont Mining Corporation (NYSE:NEM). The Company incurred exploration expenditures in excess of $6,000,000 CAD and drilled over 2,900 meters in 2017. In addition, the Company had the benefit of the use of a number of Newmont’s proprietary exploration techniques and technologies. The resulting data, together with previously gathered data (see October 4, 2017 News Release), is currently being compiled and used for modeling. The 2017 drilling was principally focused on understanding and modeling the controls of the high-grade gold mineralization present at surface and in core from previous drill campaigns, and successfully identified multiple key target areas and new surface gold mineralization along the 70 kilometre long Yellow Giant trend, confirming a district-scale gold mineralized system. All drill results are available on the Company’s website at www.goldstrikeresources.com. All gold mineralized targets tested in 2017 remain open along strike and to depth. Based on the data obtained from the 2017 program and interpretations of that data, Newmont has confirmed that the 2018 drill program will consist of up to 10,000 meters utilizing multiple drill rigs to test multiple key target areas. With drill results now in hand, Newmont has commenced the process of planning that program and intends to commence its 2018 drill program as early in the new year as possible. The 2018 program is forecasted to be the largest and most extensive drill program in the Plateau property’s history, and is expected to exceed all historical drilling meters combined. Newmont already has in process an application to the Government of Yukon for an expanded Advanced Exploration Permit in order to facilitate next year’s exploration and drilling program. Message from Wayne Trudel, Newmont Group Executive North America Exploration Wayne Trudel, Newmont’s Group Executive for exploration in North America, said: “Our collaboration with Goldstrike in the exploration of the Plateau Property during the 2017 field season laid a solid fo...