Goldstrike Resources Ltd.
TSX VENTURE : GSR
OTC PINK : APRAF
FRANKFURT : KCG1

Goldstrike Resources Ltd.

June 22, 2015 07:45 ET

Goldstrike Expands Gold Dome Discovery, Drilling Commenced

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 22, 2015) -

Editors Note: There is a photo associated with this press release.

Goldstrike Resources Ltd. (TSX VENTURE:GSR)(OTC PINK:APRAF)(FRANKFURT:KCG1) is pleased to report that initial follow up of new gold targets generated on its flagship Plateau property in the Yukon has already resulted in the discovery of several new areas where rock samples containing visible gold have been taken from mineralized subcrop on Gold Dome. These new discoveries significantly expand the area previously known to contain visible gold to 550 by 550 metres, confirming that the gold mineralization is widespread, and the area remains open in all directions. Within the first two days of the current program, multiple grab samples with visible gold were taken from new target areas 550 metres southeast, 450 metres southwest, 70 metres west-northwest, and 40 metres east-northeast of VG Zone discovery hole PSVG13-03 on Gold Dome (7.60 grams per tonne gold over 9.03 metres).

These new discoveries, together with geophysics and other data, have provided Goldstrike with several compelling new drill targets. Follow-up surface exploration of additional new target areas with strong gold potential is ongoing, and sample assays are pending.

Follow-up drilling has commenced, and is to focus on expanding the zone of high grade gold mineralization intersected in Gold Dome discovery hole PSVG13-03 (7.60 grams per tonne gold over 9.03 metres), and Goldstack discovery hole PSGS13-04 (4.05 grams per tonne gold over 28.0 metres, including 10.91 grams per tonne gold over 10.0 metres). Both zones remain open, and have not been followed up since the discovery holes were drilled. The discovery drill results were reported in Goldstrike's news release of September 9, 2013.

Goldstrike's Plateau property is 100% controlled, and the Company's exploration and drill results to date have confirmed a new district scale gold system more than 25 kilometres long and 1,000 metres in vertical extent (Yellow Giant Trend) that remains open along strike and to depth. Gold is widespread in hydrothermal breccias, veins and stockworks, and is disseminated in very strongly silicified and altered bedrock. All results from this original discovery have been achieved in under 11 weeks of cumulative field exploration.

"These initial results have exceeded our expectations, and continue to demonstrate the tremendous gold potential of this new district scale system", said Goldstrike Chief Geologist and Director Trevor Bremner. "We look forward to reporting assay results from the current drill program".

The Plateau property consists of 1,597 quartz mining claims covering approximately 352.5 square kilometres in the Mayo Mining District. All claims are located on Crown Land within the Traditional Territory of the Na Cho Nyak Dun First Nation, which has a settled land claim. The property was chosen as one of only six projects to be showcased by the Yukon Government in its 2014 Media Tour sponsored by the Yukon Government. It was written up by in 2014 by Northern Miner, Mining News North of 60, and Resource World. Yukoner Ron Stack received "Prospector of the Year" award for his discovery of the Goldbank zone on the property.

Sample analysis and assaying for all of Goldstrike's projects have been conducted by Acme Analytical Laboratories Ltd in Vancouver, BC, which is ISO 9001 accredited. Soil samples are dried at 60C, and 100 grams is 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 samples are crushed to 80% -10 mesh, and a 500 gram sample split is pulverized to 85% -200 mesh. 30 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 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 and blanks are routinely inserted into the sample stream to ensure integrity of the assay process.

Note: Grab samples are selective by nature, and are unlikely to represent average grades on the property.

Trevor J. Bremner, P. Geo., Chief Geologist and Goldstrike Board Member, is a qualified person, as defined by National Instrument 43-101, for Goldstrike's Yukon exploration projects and supervised the preparation of, and has reviewed and approved, the technical information in this release.

ON BEHALF OF THE BOARD

Terrence E. King

President and Chief Executive Officer

For new sections and maps on the Plateau property, please visit Goldstrike's website at GoldstrikeResources.com. For further information follow the Company's tweets at Twitter.com/GoldstrikeRes.

Neither 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.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions, and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements.

To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20150619-1013571_GSR_800.jpg

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