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Goldstrike Resources Completes 2017 Exploration Program on Lucky Strike Property
VANCOUVER, British Columbia, Oct. 12, 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, Oct. 12, 2017 (GLOBE NEWSWIRE) -- Goldstrike Resources Ltd. (TSX-V:GSR) (OTC PINK:APRAF) (FRANKFURT:KCG1) is pleased to report that it has successfully completed its most ambitious exploration program to date on its 100% owned Lucky Strike property, located in the heart of the White Gold camp in Yukon. The 2017 program, which included significant additional mechanized trenching and the Company’s first diamond drilling carried out on the property, has met all goals established by Goldstrike’s geological team. 2017 EXPLORATION UPDATE Drilling The first phase of drilling on the Lucky Strike property was recently completed and consisted of 1,033 meters of diamond drilling in nine holes on the Monte Carlo zone. Assay results are pending. Trenching A total of 1,091 meters of mechanized trenching was completed over the Monte Carlo Zone in 2017. The Monte Carlo gold in soil anomaly has been expanded to 1,400 x 450 meters and remains open. The 2017 work has confirmed gold mineralized bedrock in trenches over a 450 meter strike length and the zone remains open both to the NW and SE. Highlights from the 2017 Trenching include: 2.87 g/t Au over 22.5 m including 4.19 g/t Au over 15 m at TR-17-06 6.70 g/t Au over 2.5 m at TR-17-04 0.69 g/t Au over 30 m including 1.07 g/t Au over 12 m at TR-17-09 All of the trenches along a total strike length of 450 m excavated during the 2017 trenching program encountered gold mineralization in bedrock or sub-crop near surface. The 2016 trench LS-TR-16-10 ended in mineralization and the mineralized zone is still open to the NE (see November 21, 2016 News Release). Additional 2017 trenching results are shown in Figure 1. Lucky Strike 10 Kilometre Gold Mineralized Trend There are five large gold-in-soil anomalies on the Lucky Strike property within a ten kilometre long northwest–southeast oriented trend of gold mineralization, four of which remain to be drill tested. This trend is coincident with a magnetic geophysical anomaly which is now believed to represent a regional-scale shear zone. The gold in soil anomalies are named the Monte Carlo Zone, measuring 1400 X 450 meters, the Belmont zone, measuring 1500 by 800 meters, the Samson zone, measuring 600 by 300 meters, th...