Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 7, 2011) – Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINK SHEETS:APRAF)(FRANKFURT:KCG1) is pleased to announce the discovery of visible gold on its new Plateau South property, 3.5 kilometres directly south of its Plateau North discovery. The visible gold was found in a sample of bleached, weathered, sandstone grading 159.5 grams per tonne (4.65 ounces per tonne). Another sample of the same rock containing no visible gold returned an assay of 30.15 grams per tonne, confirming the presence of disseminated as well as coarse grained gold mineralization. Goldstrike’s brief reconnaissance prospecting and sampling program was successful in identifying multiple mineralized zones over a strike length of 2.5 kilometres that remain open in all directions. Silica alteration, quartz veining, quartz stringers and brecciation are widespread along a sedimentary-intrusive contact zone. An aggressive follow-up exploration program is planned to trace the full extent of this new trend, to be known as “Yellow Giant”.
