Goldstrike Resources Ltd. announced to report the results of recent high resolution airborne and ground geophysics, geological mapping, structural interpretation, geochemical and alteration studies, petrographic studies, and spectral matching of remote sensing data on its 100% owned Plateau South property, where numerous high grade grab samples up to 15.45 ounces per ton have been documented at surface along the 25 kilometer Yellow Giant gold trend. The detailed studies have clearly identified several excellent drill targets at large structural intersections that coincide with high grade gold seen on surface, and have also identified many other new areas with strong gold potential that remain to be explored. The property's gold potential has been significantly enhanced by identifying and mapping the extent of several large areas of quartz-albite alteration up to 4.1 kilometers long and 2 kilometers wide that coincide with the high grade gold mineralization found at surface on both the VG and Goldbank zones.

Magnetic maps and geological mapping show that the alteration and the highest gold grades are concentrated in areas where broad magnetic northeast-trending lows up to 1 kilometer wide cut across regionally deformed northwest-trending stratigraphy. All of the evidence to date is consistent with a new district scale gold-bearing system. Within the two kilometer long VG Zone, three dimensional magnetic imaging has clearly defined a northeast-trending magnetic low approximately 250 meters long and 150 meters wide, directly beneath grab samples of quartz and quartz-flooded felsic volcanics containing visible gold, with grades up to 529.86 grams per tone (15.45 ounces per ton) as reported in previous releases.

Several drill targets have been identified along this structure. This northeast structure is believed to be directly associated with the gold mineralization seen at surface, as well as a very strong silica (quartz) response on the multi-spectral analysis measuring 4.1 kilometers (4,100 meters) by 0.7 to 2 kilometers (700-2,000 meters). Within the 11 kilometer long Goldbank Zone, several compelling drill target areas have been defined where high grade gold mineralization has been found in outcrop at the intersection of several northeast structures with felsic volcanics.

The targets have a northwest-southeast orientation parallel to stratigraphy, and are thought to coincide with dilation zones related to flat-lying fold hinges in the volcanics, forming sites considered by Company geologists to have excellent potential for gold deposition. Based on alteration patterns, surface dimensions of individual target areas along the Goldbank Zone are up to 1 kilometer long (1,000 meters) and 0.6 kilometers wide (600 meters). As reported, reconnaissance rock grab samples along the 11-kilometer Goldbank Zone assayed up to 34.25 grams per tone gold.