Mining Explorers 2012: Goldstrike Resources Ltd.
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Last updated 11/11/2012 at Noon
GSR: TSX-V
Chairman, CEO and President: Terrence E. "Terry" King
Director: Lawrence (Larry) Dick, Ph.D., P.Geo
Chief Operating Officer: William S. Chornobay
Goldstrike Resources Ltd. aggressively explored some 31 properties in Yukon Territory during the first half of 2012, spending C$16.96 million on exploration.
Goldstrike had two teams manage concurrent exploration programs this season.
Following up on nine new gold discoveries made in 2011, including Plateau, Summit, Big One, Livingston, and Lucky Strike, one team targeted the Plateau area, while the other one focused on expanding the discoveries on the Summit, Big One, Cando 2, Livingstone, Lucky Strike, and other lower priority properties.
In August, Goldstrike described the Plateau area northwest of Mayo, Yukon as potentially an emerging gold district, and reported positive results from early-stage exploration in the area, including the discovery of a another zone of gold mineralization in a newly staked extension to the Plateau South property.
Goldstrike said the showing confirms the significant gold potential within a west-northwest to east-southeast corridor referred to as the Yellow Giant Trend.
This trend extends for at least 25 kilometers (16 miles), and is largely unexplored along its entire length and remains open.
No historical work has ever been documented on the Plateau properties.
All gold mineralization discovered to date is original.
At the Plateau North Gold Rush Zone, Goldstrike was preparing a trenching program in late August in anticipation of subsequent diamond drilling.
The Plateau-area properties now consist of about 1,768 claims.
At Summit, Goldstrike also reported new results from 2012 sampling that outlined a strong 2.5 kilometer by 1.6 kilometer multi-element gold soil anomaly with 14 of 235 samples (6 percent) between 100 and 508 parts-per-billion gold, within a large halo of 69 anomalous samples (29 percent) ranging from 25 to 99.9 parts per billion gold.
Cash and short-term deposits: C$2.70 million (June 30, 2012)
Working capital: C$2.641 million (June 30, 2012)
Market capitalization: C$22.71 million (Sept. 11, 2012)
1300 - 1111 West Georgia Street
Vancouver, B.C. Canada V6E 4M3
Tel: 604-681-1820 Fax: 604-681-1864
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