Goldstrike and Newmont Mining plan for up to 10,000 meter drill program on Plateau in 2018
Goldstrike and Newmont Mining plan for up to 10,000 meter drill program on Plateau in 2018
December 11, 2017 – Goldstrike Resources Ltd . (GSR.V) is pleased to report that it has successfully
completed the 2017 exploration season and is preparing for the official handover of the Plateau project
to Newmont Mining Corporation (NYSE: NEM).
The Company incurred exploration expenditures in excess of $6,000,000 CAD and drilled over 2 ,900
meters in 2017 . In addition, the Company had the benefit of the use of a number of Newmont’s
proprietary exploration techniques and technologies . The resulting data, together with previously
gathered data (see October 4, 2017 News Release), is currently being compiled and used for modeling.
The 2017 drilling was principally focused on understanding and modeling the controls of the high-grade
gold mineralization present at surface and in core from previous drill campaigns , and successfully
identified multiple key target area s and new surface gold mineralization along the 70 kilometre long
Yellow Giant trend, confirming a district-scale gold mineraliz ed system. All drill results are available on
the Company’s website at www.goldstrikeresources.com. All gold mineralized targets tested in 2017
remain open along strike and to depth.
Based on the data obtained from the 2017 program and interpretations of that data, Newmont has
confirmed that the 2018 drill program will consist of up to 10,000 meters utilizing multiple drill rigs to
test multiple key target areas. With drill results now in hand, Newmont has commenced the process of
planning that program and intends t o commence its 2018 drill program as early in the new year as
possible.
The 2018 program is forecasted to be the largest and most extensive drill program in the Plateau
property’s history, and is expected to exceed all historical drilling meters combined. Newmont already
has in process an application to the Government of Yukon for an expanded Advanced Exploration Permit
in order to facilitate next year’s exploration and drilling program.
Message from Wayne Trudel, Newmont Group Executive North America Exploration
Wayne Trudel, Newmont’s Group Executive for exploration in North America, said: “Our collaboration
with Goldstrike in the exploration of the Plateau Property during the 2017 field season laid a solid
foundation for Newmont to further a dvance the Plateau project. Plateau represents a large property
position on an emerging, prospective high -grade gold trend in the Yukon. Newmont expects to complete
up to 10,000 meters of drilling on the property in 2018, building on the integrated geolog ical,
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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
http://www.goldstrikeresources.com
https://twitter.com/GoldstrikeRes
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geochemical and geophysical modeling and targeting completed in 2017. We look forward to
continuing to work closely with our partner going forward as they hand over management of the 2018
field exploration program”.
Message from Goldstrike’s President and CEO, Terrence King:
“We are pleased to have a partner in Newmont Mining that has the proprietary technologies, depth and
experience to move the Plateau project forward. We are confident that our shareholders are in very
capable hands as we hand over the Plateau project for 2018 and beyond. The Gold strike team will
continue to work closely with its partner going f orward to assist where we can , in order to unlock the
full value of the Plateau district -scale gold system . We look forward to the 2018 Plateau drill program
with great anticipation.”
Stefan Kruse, Ph.D., P . Geo., Chief Geologist, is a qualified person as defined by National Instrument 43-
101, for Goldstrike's Yukon exploration projects and had supervised the preparation of, and has reviewed
and approved, the technical information in this release.
OTHER
Sample analysis and assaying for all of Goldstrike's projects has been conducted by Bureau Veritas in
Vancouver, BC, which is ISO 9001 accredited. Soil samples are dried at 60C and 100 grams are sieved to -
80 mesh. A 15 gram sample split is then leached in aqua regia at 95 degrees C and analyzed by a 36 -
element ICP package that includes semi -quantitative gold. Rock and drill core samples are crushed to
80% - 10 mesh and a 500 gra m sample split is pulverized to 85% -200 mesh. 50 gram charges are then
assayed for gold using fire assay fusion and ICP -ES finish with a lower detection limit of 2 ppb and an
upper detection limit of 10 ppm Au. In addition, 0.5 mg charges are digested by modified 1:1:1 aqua
regia (HCl-HNO3-H20) and analyzed by 36-element ICP-MS that also includes semi-quantitative gold with
a lower detection limit of 0.5 ppb Au and an upper detection limit of 100 ppm Au. Selected samples are
subjected to 500 gram metallic fire assays, for which the plus fraction is finished gravimetrically and the
minus fraction is finished with AA. Rigorous procedures are in place regarding sample collection, chain of
custody, and data entry. Certified assay standards, duplicate samples an d blanks are routinely inserted
into the sample stream to ensure integrity of the assay process.
ON BEHALF OF THE BOARD
Terrence E. King
President and Chief Executive Officer
For new information from the Company’s programs, please visit Goldstrike’s website at
GoldstrikeResources.com. For further information follow the Goldstrike’s tweets at
Twitter.com/GoldstrikeRes or contact Jeff Stuart of King James Capital Corporation, han dling Investor
Relations for the Goldstrike, by telephone at (604) 210 -2150 or by email at
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.
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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 inclu des, 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", "u nderstanding", "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 req uired 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.