Goldstrike Resources 2018 program update on the Plateau Property, Yukon
TSX-V: GSR
APRAF.PK
Frankfurt: KCG1
GOLDSTRIKE RESOURCES LTD.
Suite 1010-1130 West Pender St.
Vancouver, British Columbia
Canada V6E 4A4
IR: (604) 805-0375
Office: (604) 681-1820
Fax: (604) 681-1864
GoldStrikeResources.com
Twitter.com/GoldstrikeRes
Goldstrike Resources 2018 program update on the Plateau Property, Yukon
November 19 , 2018 – Goldstrike Resources Ltd. ( TSX-V: GSR) is pleased to announce the successful
completion of all of the exploration goals set out for the 2018 program on Goldstrike’s 100% owned
Plateau Property in the Yukon. The 2018 exploration program was fully financed and operated by
Newmont Mining Corporation. Results have been received and pr eliminary interpretations have been
made, but detailed compilation and interpretation work is ongoing.
The work completed in 2018 included 26 drill holes totaling 7,753 meters of diamond drilling , 310 rock
grabs, 1377 geochemical soil samples, 5 km of ground geophysical surveying (IP) and extensive property
wide mapping and prospecting.
Drill holes were focused on geologic and geophysical targets to gain a better understanding of controls
on the widespread gold mineralization seen at surface along t he 70 km Yellow Giant trend. Ten of the
drill holes were successful in intersecting gold mineralization of > 0.5 g/t Au , with intercepts of up to o
7.17 g/t Au over 0.85 meters at Gold Dome. No significant gold mineralization was returned in the other
drill holes.
Zones of anomalous gold mineralization were intersected by the exploratory drilling, but did not explain
widespread gold mineralization recognized at surface. Further compi lation and interpretation of the
large data set will provide the base for additional modeling focussed on identifying targets along the 70
km corridor that have potential to host significant gold mineralization.
Message from Terrence King, President and CEO:
“We are very pleased that goals set for the ambitious 2018 exploration program were achieved. It is a
pleasure for our team to work with Newmont and to have the support of the Yukon government, First
Nations and local stakeholders. Goldstrike and Newmont now have the benefit of a very extensive data
base to guide plans going forward ; and with the US$1MM cash payment to be made by Newmont in
December, 2018, Goldstrike will be well funded with non-dilutive working capital to continue working
for the net benefit of all of its stakeholders.”
2
Qualified Person
Stephen Roach, P . Geo is the qualified person, as defined by National Instrument 43- 101, for Goldstrike’s
Yukon projects, and 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 have been conducted by at ALS Canada Ltd.'s
lab in Vancouver, B.C. ALS is either Certified to ISO 9001:2008 or Accredited to ISO 17025:2005 in all of
its locations. The resulting core and rock sample pulps were analyzed for gold by fire assay in Vancouver,
BC. The pulps were also assayed using multi -element four acid digestion at ALS Canada Ltd.'s lab in
Vancouver, BC. The coarse reject portions of the rock samples, as well as the pulps, were sh ipped to ALS
Chemex s torage facility in Vancouver, B.C. All samples were analyzed using ALS Canada Ltd.'s assay
procedure Au-AA24 lead collection fire assay fusion procedure with atomic absorption spectroscopy
(AAS) finish, ME-MS61, a four acid digestio n with an inductively-coupled plasma mass spectrometry
(ICP-MS) finish for 48 elements, and Hg-MS42, trace mercury (Hg) by aqua regia with a coupled plasma
mass spectrometry (ICP-MS) finish. Any results greater than 3.0 g/t for gold triggers both an Au-GRA22
method gravity which includes a fire -assay fusion procedure with a gravimetric finish and an Au -SCR24
metallic screen. For the rock samples, ALS Chemex OG62 method was utilized for over the limit 10,000
ppm lead (Pb) with an HNO3 -HCl digestion followed by ICP-AES (or titr imetric and gravimetric analysis)
and OA -GRA08b method was used for specific gravity measurements. For the soils, Au -ICP21 method
was used with a fire assay and an ICP -AES finish procedure. A 53 multi-element analysis was used with
an aqua regia digestion and a super trace ICP -MS analysis. QA/QC samples including blanks, standards,
and duplicate samples were inserted regularly into the sample sequence.
Full drill results are available on the Company ’s website. The reader is cautioned that grab samples are
spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are
selective in nature and collected to determine the presence or absence of mineralization and are not
intended to be representative of the material sampled.
Please visit the website at http://www.goldstrikeresources.com
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 Jef f Stuart of King James Capital Corporation, handling 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 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.