2017 Exploration Program Update ON Goldstrike’S Yukon Plateau Property
TSX-V: GSR
APRAF.PK
Frankfurt: KCG1
GOLDSTRIKE RESOURCES LTD.
1300 - 1111 West Georgia Street
Vancouver, British Columbia
Canada, V6E 4M3
Telephone: 604 681 1820
Facsimile: 604 681 1864
IR: 604 210 2150
GoldStrikeResources.com
Twitter.com/GoldstrikeRes
2017 EXPLORATION PROGRAM UPDATE ON GOLDSTRIKE’S YUKON PLATEAU PROPERTY
October 4 , 2017 – Goldstrike Resources Ltd. (GSR.V) is pleased to announce that it has successfully
completed the 2017 Plateau property exploration program in conjunction with its strategic partner, the
Canadian subsidiary of Newmont Mining Corporation (NYSE: NEM) (see N ews Release, March 6th, 2017).
The 2017 program is the most extensive exploration campaign carried out to -date on the Plateau
property.
The 2017 program met its goals, highlights include:
DRILLING - 2972 meters of diamond drilling was completed in 23 thr ee holes at the Goldstack,
Bonanza, Big Bang and Goldbar priority target areas (Figure. 1). Final assay results are pending.
STAKING - Recent staking of an additional 434 claims brings the total size of the property to 3167
claims over 662 square kilomete rs. This staking, in addition to the previously announced
property expansion, (see News Release, May 15th 2017) represents a 57% increase in the Plateau
Property land position and extends the “Yellow Giant Gold Trend” from 50 km to 70 km in
length.
AIRBORNE GEOPHYSICS – A 1617 square kilometer, high -resolution airborne survey has been
completed covering the entire property using a proprietary system belonging to Newmont. An
additional 864 square kilometers of SkyTEM TM airborne data was also successfully acquired over
the property.
REMOTE SENSING - Airborne LiDAR, high -resolution satellite imagery and Radarsat -2 data was
acquired over the entire property. Structural analysis of this data is pending.
GROUND GEOPHYSICS - Ground geophysical surveys including 9.5 line kilometers of IP , 14.5 line
kilometers of gravity and 14.5 line kilometers of ground EM was completed.
GEOCHEMISTRY - 4300 conventional soil samples were collected on newly staked ridges and
spurs as well a s on focused grids at Gold Rush, Bonanza, Bullion, Big Bang, and Goldstack. In
addition, DSG (Deep Sensing Geochemistry) and BLEG (Bulk Leach Extractable Gold) samples
were collected for analysis using Newmont’s proprietary processes. Final assay results f or the
soil and DSG samples are pending.
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PROSPECTING - Collection of 421 grab sample and 138 channel samples was completed. Final
assay results for these samples are pending.
MAPPING - District-scale and detailed structural mapping and analysis by Newmont’s consulting
geologist and Goldstrike geologists was completed.
In addition to the exploration work, a second multiyear camp located 17 km west of the existing camp
was added to acco mmodate district scale exploration programs. Existing docks and infrastructure were
also upgraded. The second camp provide s for efficient access for exploration along the full length of the
70 km long gold mineralized system.
Based on exploration results in 2017, drill equipment was left onsite in anticipation of a more extensive
exploration and drill program in 2018. With this in mind the Company is applying to expand its advanced
exploration permit to include the new claims staked to cover the extensio n of this new, 70 km long,
district-scale gold mineralized system that will accommodate the 2018 exploration and drilling program.
The technical teams of both Goldstrike and Newmont will be compiling results in collaboration with
contractors. After assay results are received, compiled and interpreted a steady stream of news is
anticipated over the coming months.
Message from the President and CEO:
“This is an exciting time for Goldstrike and its new partner, world class miner Newmont. The Yukon has
certainly received a very strong vote of approval from multiple senior gold producers recently. The
Plateau project has been expanded from a subtle silt anomaly to confirmation and discovery of a new
district-scale gold mineralized system. Partnering with Newm ont has provided the experience required
to successfully explore this extensive gold mineralized system and access to their proprietary mine -
finding technologies. This is a great time for Goldstrike. We look forward to reporting results in the near
future and unlocking the full potential of this gold mineralized system long into the future. Working
together with Newmont, First Nations, the Yukon government and all other Yukon stakeholders we will
succeed.”
Stefan Kruse, P . Geo., Chief Geologist, is a qualified person as defined by National Instrument 43-101, for
Goldstrike's Yukon exploration projects, and supervised the preparation of, and has reviewed and
approved, the technical information in this release.
ON BEHALF OF THE BOARD
Terrence E. King
President and Chief Executive Officer
For the new Plateau Property map , please visit Goldstrike’s website at www.GoldstrikeResources.com
under “Gold Projects – What’s New” . For further information follow the Goldstrike’s tweets at
Twitter.com/GoldstrikeRes or contact Jeff Stuart of King James Capital Corporation, handling Investor
Relations for the Goldstrike, by telephone at (604) 210 -2150 or by email at
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are "forward-looking information"
or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of
applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act
of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible
events, conditions or financial performance that is based on assumptions about future economic
conditions and courses of action; expectations regarding future exploration and drilling programs and
receipt of related permitting; and the plans for completion of the contemplated transactions with
Newmont as set out above. In certain cases, Forward-Looking Information can be identified by the use of
words and phrases such as "anticipates", "expects", "understanding", "has agreed to" or variations of
such words and phrases or statements that certain actions, events or results "would", "occur" or "be
achieved". Although Goldstrike has attempted to identify important factors that could affect Goldstrike
and may cause actual actions, events or results to differ materially from those described in Forward-
Looking Information, there may be other factors that cause actions, events or results not to be as
anticipated, estimated or intended. In making the forward-looking statements in this news release, if
any, Goldstrike has applied several material assumptions, including the assumption that general business
and economic conditions will not change in a materially adverse manner. There can be no assurance that
Forward-Looking Information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on Forward-Looking Information. Except as required by law, Goldstrike does not assume any
obligation to release publicly any revisions to Forward-Looking Information contained in this news
release to reflect events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events.