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EYEBROW

29 September 2017
Test edition
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EYEBROW

26 September 2017

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Miners, markets mixed

Rio delivers solid results, flags tax assessment

Alacer upbeat on strong production ahead of first sulphide pour

Sulphide project and new mine set to start this year

Strong Sweden performance helps Mandalay beat revised guidance

Björkdal boosts Mandalay's production results

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Exploration / Development > Discovery

Goldstrike says Lucky Strike 'one of the most important new discoveries'

Explorer Goldstrike Resources (CN:GSR) says its Lucky Strike gold project in the Yukon is shaping up as “one of the most important new discoveries in the White Gold Camp” this year.

Staff reporter

Exploration / Development > Discovery

Goldstrike says Lucky Strike 'one of the most important new discoveries'

Explorer Goldstrike Resources (CN:GSR) says its Lucky Strike gold project in the Yukon is shaping up as “one of the most important new discoveries in the White Gold Camp” this year.

Staff reporter

Goldstrike says Lucky Strike 'one of the most important new discoveries'

Goldstrike says Lucky Strike gold project has standalone potential

Its discovery hole into the Monte Carlo zone - one of five large gold anomalies at Lucky Strike - intersected 22m at 5.36g/t gold, including 5.72m grading 18.79g/t, from 13m.

The company said the results exceeded the goals set by the geological team and said Lucky Strike had the makings of a flagship, standalone project, with extensive exploration planned for next year.

"The 2018 exploration season is shaping up to be the largest drill campaigns to date on both Lucky Strike and Plateau properties," president and CEO Terry King said.

Gold major Newmont Mining (US:NEM) has the right to earn up to 80% of Plateau in a US$40 million deal struck earlier this year.

Goldstrike started exploration mid-year at Lucky Strike, which lies 30km from Goldcorp's (CN:G) Coffee Creek project and 15km from the Golden Saddle deposit.

Investors failed to share the enthusiasm though, with Goldstrike shares dropping back 4.35% yesterday to C22c, compared with its 52-week range of 11-43c, capitalising the company around $41 million.

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