Goldstrike Provides Update on Newmont’s Exploration Program on the Plateau Property in Yukon, Canada
September 17 2018 - 6:45AM
Goldstrike Resources Ltd. (GSR.V) is pleased to
report that its partner, Newmont Mining Corporation, has
successfully completed the 2018 exploration program at the Plateau
property in Canada’s Yukon Territory. The program represented the
most comprehensive exploration work to date at Plateau. The
recently completed program included 7,791 meters of diamond
drilling with 2,880 core samples sent for assay. Other ground
work included five kilometers of geophysical surveys and collection
of 310 prospecting rock samples. Additionally, 1,381 soil
samples from new prospective areas were collected and will be
analysed with Newmont’s proprietary technologies. This program has
met the goals established by the company and Newmont’s team.
Camp and dock facilities at the Goldstack Lake
camp were also expanded to house up to 50 personnel. This new
infrastructure can accommodate larger exploration programs and
increased float plane traffic for years to come.
Results will be released when all assays and all
other data have been received, compiled and interpreted by
Goldstrike and Newmont .
Message from Terrence E. King, President
and CEO:
“It has been a pleasure for our team to work
with Newmont on the 2018 program. The Plateau property is a
district scale system and Newmont is a world-class partner with the
financial strength, proprietary technology, and depth of experience
needed to realize the full value of such an extensive system. We
look forward to reporting the results and planning the program for
the 2019 field season.”
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.
ON BEHALF OF THE BOARD
Terrence E. KingPresident 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, handling Investor Relations for the
Goldstrike, by telephone at (604) 210-2150 or by email at
jstuart@kingjamescapital.com.
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 StatementsStatements 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.
Goldstrike Resources (TSXV:GSR)
Historical Stock Chart
From May 2024 to Jun 2024
Goldstrike Resources (TSXV:GSR)
Historical Stock Chart
From Jun 2023 to Jun 2024