25KM of Soild Gold ***GSR*** Hi Friends, investors & future shareholders,
Doing some research on GSR I must say I was more than shocked at the massive amount of high grade gold GSR is getting over 25KM in the Yukon. Now I see why the Korean’s are doing a deal on this company also.
The information below is 43-101 compliant and board approved by GSR.
September 9, 2013 – Goldstrike Resources Ltd. (TSXV-GSR) is pleased to report that initial exploration drilling has resulted in the discovery of high grade gold mineralized shoots at both the VG Zone and the Goldstack Zone, 17 kilometres apart on its Plateau South property in Yukon. Both shoots remain open, confirming the significant potential of this extensive new gold mineralized system. Drill highlights are set out below. Full drill results are set out in the table following the description of the 2013 program at Plateau South.
Kaminak never had results like this !!!
DRILL HIGHLIGHTS
Goldstack Zone (Discovery Hole PSGS13-04)
2.28 grams per tonne gold over 53.0 metres
◦ including 4.05 grams per tonne gold over 28.0 metres
◦ including 10.91 grams per tonne gold over 10.0 metres
◦ including 16.19 grams per tonne gold over 6.0 metres
◦ including 25.87 grams per tonne gold over 3.0 metres
Gold Dome - VG Zone (Discovery Hole PSVG13-03)
7.60 grams per tonne gold over 9.03 metres
◦ including 8.85 grams per tonne gold over 7.0 metres
◦ including 14.58 grams per tonne gold over 4.0 metres
GOLDSTACK ZONE
The discovery drill hole at Goldstack was the last hole drilled in 2013, and intersected a high grade gold mineralized shoot averaging 10.91 grams per tonne gold over 10 metres within a larger intersection of 2.28 grams per tonne gold over 53 metres. This gold mineralized shoot was intersected at a shallow downhole depth of 8 to 61 metres and remains open. It is hosted within felsic metavolcanic rocks and hydrothermal breccia, associated with variable amounts of arsenopyrite and specks of visible gold found in rock and channel grab samples on surface. Last year's orientation hole and three other holes drilled in 2013 all intersected a mineralized gold-arsenic halo surrounding the high grade gold mineralized shoot that was intersected by hole PSGS13-04. Drill results to date indicate that the gold mineralized
shoot plunges in a southeasterly direction, parallel to regional fold axes. Additional new areas of surface gold mineralization associated with macroscopic folds that have been found adjacent to and on trend 4 kilometres northwest of the Goldstack discovery present strong targets for the discovery of additional new gold mineralized shoots.
GOLD DOME - VG ZONE
The VG Zone discovery hole on Gold Dome was collared in gold-mineralized felsenmeer, and encountered gold at the bedrock interface only 3.55 metres below surface. This is the eroded top of a blind, high grade gold mineralized shoot grading 7.60 grams per tonne gold over 9.03 metres that extended from 4.57 metres to 13.6 metres downhole. The gold is hosted in felsic metavolcanic rocks cut by quartz stockwork and numerous quartz veinlets, some containing specks of visible gold and up to 5 per cent arsenopyrite and pyrite that form a halo around the gold mineralized shoot. As at Goldstack, the high grade mineralized shoot at VG is indicated to plunge in a southeast direction. It is aligned with the hinge of a large macroscopic fold that is exposed in a cliff face on Gold Dome northwest of the discovery area. In addition, several new target areas with high grade gold mineralization on surface were discovered on Gold Dome this summer outside the VG zone. New rock grab samples containing visible gold and assaying 351.49 grams per tonne (10.25 ounces per ton), 317.55 grams per tonne (9.26 ounces per ton), 157.87 grams per tonne (4.61 ounces per ton), 82.91 grams per tonne (2.42 ounces per ton), 55.52 grams per tonne (1.62 ounces per ton), 54.00 grams per tonne (1.58 ounces per ton), 45.05 grams per tonne (1.31 ounces per ton) and 21.26 grams per tonne (0.62 ounces per ton) show that there is a strong possibility of discovering additional gold mineralized shoots in the Gold Dome area.
GOLDBANK ZONE
Prospecting on the 11 kilometre long Goldbank trend has resulted in the discovery of new gold mineralization with rock grab samples grading up to 101.11 grams per tonne (2.94 ounces per tonne). In addition, a new gold trend with a strike length with of more than 400 metres was discovered running parallel to the original Goldbank trend and regional fold axes, with rock grab samples grading up to up to 308.49 grams per tonne (9.0 ounces per tonne) gold. The new trend remains open in both directions. Forty-seven of 73 rock samples taken from this new zone assayed between 1 and 308.49 grams per tonne (9 ounces per ton) gold, and six of 35 channel grab samples returned values between 1 and 13.23 grams per tonne (0.39 ounces per ton) gold. The grades of the newly discovered samples grading over one ounce per tonne gold at Goldbank resemble those seen on both Gold Dome and Goldstack. It is clear that there are multiple targets along the 11 kilometre Goldbank trend. Results to date along that trend and the new parallel structure demonstrate that these zones have very strong potential to host multiple high grade gold mineralized shoots.
Goldstrike's technical team is very pleased to see that the company is on track with discovery after less than 10 weeks of cumulative exploration on the Plateau South property to date. The initial exploratory drill program has already confirmed the existence of high grade gold mineralized shoots in both the Goldstack and Gold Dome VG zones, as well as the Company's interpretation that the property is part of a regional-scale mesothermal gold system with a strike length of more than 25 kilometres. More than sixty per cent of Canada's gold production comes from mesothermal gold camps of this type. The Company’s geological team has strongly recommended further drilling to fully outline the geometry of the Goldstack and VG discoveries and to test the gold potential of numerous newly identified targets along the Goldbank trend and other portions of the 25 kilometre Yellow Giant trend.
“We are very excited about the success of this initial drill program”, said Goldstrike CEO and President Terry King. “The discovery of high grade gold mineralized shoots at both the Goldstack and VG zones and the discovery of high grade gold mineralization at Goldbank are excellent starting points from which to expand the gold potential of the 25 kilometre long Yellow Giant trend at Plateau South.”
GSR only has a $12MillMCAP, based on a .15 share price. This company will not be trading at these levels for very long. We have seen what stocks do with Korean’s on POP.
Don’t you wish you bought POP at .15? This is your chance to make up for that.
Always do your due-diligence.
We seek safe harbour.