Help Desk -
9958816305, 9810335381

Luckystrike Resources Reports Results of 2019 Drill Program at the Lucky Strike Property, White Gold District, Yukon

Mining News - Published on Fri, 20 Sep 2019

Image Source:
Luckystrike Resources Ltd has reported the results of its 2019 diamond drill program on the Lucky Strike Property. Four diamond drill holes totalling 1,105.82 meters were completed (see accompanying map for collar locations here).
The Lucky Strike Property, located in the heart of the Yukon’s White Gold District, is 100% owned by Luckystrike Resources Ltd. with no underlying payments or royalties. The 2019 drilling focused on the Monte Carlo zone and was designed to target a previously discovered 1.8-kilometer long Induced Polarization (IP) chargeability anomaly. The intent was to understand the anomaly’s relationship to gold mineralization on the property.

Drill hole DDLS-19-01 intersected a broad, gold mineralized zone assaying 0.10 g/t Au over 67.0m. DDLS-19-01 also yielded multiple sub-zones, such as 1.91 g/t Au over 2.0m from 249.0 to 251.0m. These intercepts are typically marked by quartz veins with albitic alteration and pyritic mineralization.

DDLS-19-02 also intersected pyritic quartz-albite veining at depth, assaying 0.27 g/t Au over 5.0m from 199m - 204m. Small breccia units and isolated gold-bearing quartz veins were identified towards the bottom of the hole. These yielded assays of 0.91 g/t Au over 1.0m from 289m - 290m and 0.48 g/t Au over 1.0m from 294 - 295m, and also indicate good potential for gold mineralization at further depth.

The results of the 2019 drill program indicate that the 800-meter section of the IP anomaly that was drill-tested did not correlate well with the gold mineralization intersected in 2018 drill hole DDLS-18-06 (4.55 g/t Au over 7.6m). The source of the IP chargeability anomaly appears to be lithological in origin, likely caused by a magnetite-bearing chlorite schist unit.

The 2019 drilling revealed intercepts of lode-style mineralization throughout holes DDLS-19-01 and 19-02. Future drilling will focus on the Monte Carlo structure; a large, kilometer-scale, northwest-trending shear zone hypothesized as the source or main conduit of auriferous fluids occurring at Monte Carlo. The 2019 drill program did not target this structure; rather it was designed to test the chargeability anomaly along strike.

The Monte Carlo zone has a footprint of 1500 x 450 meters, determined from soil and rock sampling, trenching, and geophysical surveying. Monte Carlo is the northernmost zone of the 10 kilometer-long, SE-trending Lucky Strike corridor. Along trend to the southeast is the Belmont, Samson, Boss, and Maverick zones, all which remain to be drill tested.

Source :

Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
Related News from Mining segment