Goldstrike Finds Multiple New Gold Showings

VANCOUVER, BC – Goldstrike Resources Ltd. reported that detailed structural analysis outlining the controls on the gold mineralization at Plateau South has been completed and that the drill plan based on that structural analysis is now under way on the Goldstack Zone. The drilling is designed to expand on the known zone of gold mineralization both along strike and to depth, where it remains open. The Goldstack Zone is a 7 meter wide gold bearing outcrop where drilling in 2015 intersected 17.5 meters grading 13.5 grams per tonne gold true width, including 5.7 meters of 35.28 grams per tonne (1.03 ounces per ton) gold that remains open. The Goldstack discovery is part of a new district-scale gold system named the Yellow Giant Trend, which is now 29 kilometers long, and remains open and underexplored. The Company’s claims now cover 3,500 square kilometers and are 100% owned by Goldstrike.

Initial prospecting and mapping in phase 1 have resulted in multiple significant new gold showings in addition to the new Bonanza Zone and is located 4 kilometers northwest of and on trend with the Goldstack Zone. The new Bonanza discovery contains the most pervasive coarse visible gold seen in bedrock on the Plateau property to date, and has returned grab samples ranging from 0.25 parts per billion to 436.4 grams per tonne (14.96 ounces per ton) gold. All gold values are determined by fire assay, followed by pulp metallics for samples exceeding the 10 gram detection limit.

Bonanza is an extensive quartz stockwork system containing widespread visible gold and remains open in all directions. The discovery showing is exposed on surface over an area measuring 20 by 12 meters before it is covered by overburden. As a result of prospecting the area of outcrop, thirty-nine rock grab samples were taken that ranged from detection limit (0.25 parts per billion) to 436.4 grams per tonne (14.96 ounces per ton) gold. Nine of these grab samples assayed over 10 grams per tonne gold, including four that assayed over 100 grams per tonne.