DAILY NEWS Sep 18, 2012 4:58 PM - 0 comments

GOLD EXPLORATION: Goldstrike traces bonanza graders at Plateau South

TEXT SIZE bigger text smaller text

YUKON - Goldstrike Resources of Vancouver reports that it has traced bonanza grade gold mineralization on its Plateau South property over a distance of 13 km in a zone that remains open to the northwest. Gold in numerous new rock grab samples ranging from detection limit up to 280 g/t (8.18 opt) is believed to be associated with mapped regional scale folding and deformation.

Goldstrike says that the newly discovered VG zone has a large structure of lesser grade below the bonanza grades that were samples. High grade mineralization has been found over an area of 2,000 by 140 metres, and the zone is open in all directions.

Elsewhere along the Yellow Giant trend, grab samples along the Goldbank zone assays as high as 34.25 g/t Au or 1 opt. These zones and intervening mineralization are associated with a regional deformation system is a zone of converging fold closures and intersecting linears trending south east and containing gold mineralization that has been traced for at least 13 km and remains open, providing for multiple strong drill targets. Ten kilometers west of the Goldbank zone, the Goldstack zone is located at the most westerly extent of the Yellow Giant trend and also remains open.

See the map of the Yellow Giant trend at GoldstrikeResources.com.

Companies in This Story

Goldstrike Resources Ltd

Monitor These Topics

Horizontal ruler
Horizontal Ruler

Post A Comment

Note: By submitting your comments you acknowledge that Canadian Mining Journal has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *

* mandatory fields