GOLDSTRIKE SAMPLES 35.5 grams per tonne gold and 488 grams per tonne silver at Skelly property, northern British Columbia
GOLDSTRIKE SAMPLES 35.5 grams per tonne gold and 488 grams per tonne silver at Skelly
property, northern British Columbia
October 5th, 2020 – Goldstrike Resources Ltd. (GSR.V) (Goldstrike) is pleased to announce results from a
first pass reconnaissance exploration program at its newly staked Skelly property in northern British
Columbia.
A first pass exploration program was conducted at the Skelly property during the summer of 2020 to
evaluate the property’s gold potential. A prospecting and geoch emical survey included the collection of
122 ridge and spur soil samples and 64 rock grab samples. Rock samples returned gold (Au) values up to
35.5 g/t (1.03 oz/ton) and silver (Ag) values up to 488 g/t (14 .24 oz/ton) in quartz‐sulphide veins. Soil
samples revealed a property‐wide enrichment in gold, arsenic (A s) and antimony (Sb) with values up to
63.4 ppb Au, 5,218 ppm As and > 2,000 ppm Sb. On receiving these results Goldstrike immediately
extended its land package to cover all new targets for potential mineralization.
Project Generation:
The Skelly property is a grassroots gold target, generated in‐h ouse by Goldstrike’s team. The Goldstrike
project generation team has a solid track record of discoveries , including the Plateau property in east‐
central Yukon Territory.
Location:
The 2,526‐hectare Skelly property is 100%‐owned by Goldstrike R esources with no underlying payments
or royalties. The property is situated just south of the Yukon‐British Columbia (BC) border, approximately
100 km south of Whitehorse, Yukon (YT) and can be accessed via the South Klondike Highway (Hwy 2)
which extends through the property.
Geology:
Skelly covers a geological and geochemical setting similar to t he Golden Triangle district (300 km to the
south). It is located in the northern end of the Stikine Terrane which includes the Stuhini volcanic package
and is marked by strong, regional‐scale gold‐arsenic geochemical enrichment similar to that of the Golden
Triangle district. The claim package is contiguous to Bessor Mi neral Inc’s 14 km‐long (8,178 ha) Golden
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Eagle property that hosts numerous high‐grade gold‐silver‐quart z veins with several significant drill
intercepts. Goldstrike’s team believes this highly prospective g o l d d i s t r i c t h a s b e e n o v e r l o o k e d a n d
remains underexplored compared to other gold districts in British Columbia. Like the Golden Triangle, this
d i s t r i c t h a s p o t e n t i a l t o h o s t a v a r i e t y o f d e p o s i t s , i n c l u d i n g epithermal, porphyry, and volcanogenic
massive sulphide (VMS) deposits.
Refer to this link https://goldstrikeresources.com/wp‐content/uploads/sk_gsr_pres_vfinal.pdf f o r t h e
Skelly presentation.
Two previously undocumented historic exploration shafts were discovered on the property. These shafts
were sunk into 0.2 – 1.0 m wide quartz‐sulphide veins, from whi ch grab samples assaying up to 35.5 g/t
Au and 488 g/t Ag. This series of auriferous quartz veins was sampled along a 100‐meter northwest ‐
southeast trending corridor hosted by a shear zone that parallels a granite/metasedimentary bedrock
contact. Mineralized samples obtained from the shear zone returned gold values ranging from 0.24 g/t to
35.5 g/t. The shear zone and auriferous quartz veining remain open along strike, with strong potential for
additional discoveries by detailed prospecting and soil geochem ical sampling. Refer to the link
https://goldstrikeresources.com/wp‐content/uploads/skelly_results_gold.jpg for the 2020 sample results
map.
Further to the discovery of the high‐grade gold and silver quartz veins, lower‐grade quartz‐sulphide veins
were discovered 950m to the east, with float grab samples assay ing up to 0.28 g/t Au. Also, low‐grade
gold was identified in arsenopyrite‐bearing granite dikes, with gold values up to 0.1 g/t Au. The Tintina
Gold Belt hosts many intrusion‐related gold deposits, and Skelly ’ s l o c a t i o n a t t h e s o u t h e r n e n d o f i t
encourages targeting of this style of mineralization in follow‐up exploration.
Target Generation: Three new grassroots properties available for option
During this period of global pandemic and rising gold prices, G oldstrike’s team has been compiling and
analyzing British Columbia’s vast geological and geochemical databases in order to generate several gold
targets in underexplored areas. While Goldstrike’s main focus w ill remain advancement of the Plateau
Property, the company will continue to generate, develop, and o ption out grassroots gold properties in
British Columbia and Yukon Territory.
Three properties were staked by Goldstrike Resources in 2020: the Skelly, Willie Jack, and McMurdo
properties. All three of the properties ar e located in British Columbia a nd underwent reconnaissance‐
style exploration. Results are still pending for the Willie Jack and McMurdo properties and will be released
as assays are received and compiled.
Message from the President
“We are extremely pleased with the results from this first pass program. It proves yet again that the team
can take conceptual ideas and generate properties that have strong mineral potential with solid gold and
silver grades. In only three days the team was able to identify multiple zones of significant gold, silver and
sulphide mineralization. These showings are not only ripe for follow‐up exploration, but present many new
exploration opportunities along known geological contacts. Upon receiving these results, we immediately
staked additional ground to secure the area.
I await results from our other grassroots projects, the Willie Jack and McMurdo projects, with great
anticipation.”
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ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
Carl Schulze, P. Geo., Consultin g Geologist with Aurora Geoscie nces Ltd, is a qualified person as defined
by National Instrument 43‐101 for Goldstrike's Yukon exploratio n projects, and has reviewed and
approved the technical information in this release.
For new information from the Company’s programs, please visit G oldstrike’s website at
GoldstrikeResources.com and sign up to receive news. For further information, follow Goldstrike’s tweets
at Twitter .com/GoldstrikeRes, use the ”Contact” section of our website, or contact us at (604) 681‐1820
or at [email protected]
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Forward‐Looking Statements
Statements contained in this news release that are not historic al 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 assumption s about future economic conditions and
courses of action; expectations regarding future exploration an d 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
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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
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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 Fo rward‐Looking Information will prove to
be accurate, as actual results and future events could differ materially from those anticipated in such
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Looking Information contained in this news release to reflect events or circumstances after the date hereof
or to reflect the occurrence of unanticipated events.