Real Gold In The Klondike

Whenever we hear of Dawson City or the Yukon we think about placer mining and all about the Klondike gold rush of 1898. Placer mining still takes place each and every year in the region and the lure of gold is so great that there are even a couple of TV shows ( Gold Rush & Yukon Gold ) now that are dedicated to placer mining in the Yukon. It's a region that is rich in history and gold and with new technology and public markets, there is a now a new group of players looking at exploring this region.

Companies like Kaminak Gold KAM and Atac ATC are just a couple of companies that have been in the news lately. We've talked earlier in this same section about Kaminak and most recently when they put out news regarding a feasabilty study on their Coffee project and getting additional backing from some big lenders. But today I would like to talk about a small almost unheard of company that has a dynamic portfolio of land in this region of the Yukon. The company in question is Gold Strike Resources GSR.

This season Gold Strike GSR is working on it's Plateau South claims. Initial drilling on the VG zone in 2013 intersected a blind, gold-mineralized shoot 3.25 metres below surface, with visible gold in three of eight drill holes, and a best intersection grading 7.60 grams per tonne gold over 9.03 metres, including 14.58 grams per tonne over 4.0 metres, and the zone remains open. Grab and channel samples assayed up to 15.45 ounces per ton have been obtained along the 25 kilometre Yellow Giant Trend that includes the VG, Goldbank and Goldstack zones. On the Lucky Strike gold prospect in the White Gold District, a program of mechanical trenching, ground magnetics, and prospecting, mapping and geochemical sampling is planned to further advance the property and define additional drill targets.

What sets Gold Strike apart from other junior explorers is that it is also has a JV with a small oil producer, Petro One POP which has been in the news in the last month. Petro One has seen a very large financing with a Korean firm allowing Petro One to expand and continue proving it's land base in Saskatchewan and Manitoba. Just today, Gold Strike issued a press release stating that the company had retained the service of a Korean advisor to solicit expressions of interest from Korean-based firms for an agreement to fund a multi-year exploration and development program on the Plateau South mineral property in the Yukon territory.

Gold Strike has about 70 million shares O/S with a 52 week high of 28 cents and a low of 4 cents. Trading volumes have increased in the last few weeks and with news today that is similar to what Petro One had there very well could be a lot of excitment in the stock in the weeks to come. Petro One has seen a 200% pop in it's share price.

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GAdams