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Lucky Strike Property 2018-03-01T16:46:56+00:00

On Track With DiscoveryTSX-V: GSR $ (%)

A Pure Gold Explorer

NEAR SURFACE OXIDE GOLD DISCOVERY IN THE HEART OF THE WHITE GOLD DISTRICT – YUKON

Lucky Strike Property:

• The Lucky Strike property covers more than 150 square km in total and is contiguous with Kinross’ Golden Saddle property in a mining district that has seen over 7,000,000 oz of gold discovered since 2007 and is located in a jurisdiction ranked third for Canadian mining investment attractiveness by The Fraser Institute – June 2016.

• There is excellent access to the Lucky Strike property by road (the Coffee Creek Mine access road crosses the Lucky Strike property in two places) as well as two barge landings for river access and a permitted airstrip on the property, with a large maintained airstrip in close proximity.

• GSR has a five year advanced exploration permit in place for Lucky Strike.

• The geological setting of the Lucky Strike property is similar to that of Kinross’ Golden Saddle and Goldcorp’s Coffee, and Lucky Strike compares very favourably with those properties in terms of grade, geology, geochemistry, structure, size, orientation and location.

• Five large gold-in-soil anomalies have been discovered at Lucky Strike along a 10 kilometre long gold trend delineated by soil sampling, geophysics, prospecting and bedrock trenching followed by an inaugural 1,000 metre drill program in 2017 which returned 5.36 g/t gold over 22m in hole 9 and intersected near surface gold mineralization in all 9 holes. These results are considered significant when compared to the Golden Saddle discovery hole of 4.1 g/t gold over 18m and the Coffee discovery drill hole of 17.07 g/t gold over 15.5m.

• The anomaly in the Monte Carlo Zone measures 1450 meters by 450 meters and the Belmont Zone anomaly measures 1500 by 800 meters, and both zones remain open. Either zone is large enough in scale to host a deposit the likes of either the Golden Saddle deposit or Goldcorp’s Supremo Zone. The others three anomalies are the Samson zone, measuring 600 by 300 m, the Boss zone, measuring 1,000 by 1,000 m and the Maverick zone, measuring 150 x 200 m, all of which remain open.

• The property is drained by several gold bearing placer creeks with long history of production. Soil sampling and trenching has been a prime tool in locating mineralized areas in the unglaciated White Gold District, and results from trenches in the Monte Carlo Zone at Lucky Strike are similar to those seen in the initial discovery trenches at both Coffee Creek and the Golden Saddle that led to the drilling of those deposits: o The Golden Saddle discovery trench returned a gold grade of 1 g/t gold over 40 m, and the discovery hole returned 4.35 g/t gold over 18 m. o One of Kaminak’s 2009 original discovery trenches at Coffee Creek (Trench 4) showed that the longest interval of gold mineralization in the Supremo Zone returned 0.4 g/t gold over 100 m. o Goldstrike’s 2016 discovery trench in the Monte Carlo Zone at Lucky Strike returned 0.42 g/t gold over 154 m, including 0.76 grams per tonne gold over 78 metres, including 3 grams per tonne gold over 8 metres. Other trenches on Monte Carlo have produced bedrock samples of 5 8 gpt gold over 6.8 m and 2.73 gpt gold over 12 m, including 4.02 gpt fold over 8 m.

• One grab sample from the Boss Zone assayed 41.7 grams per tonne gold. Visible gold was observed in rock at Samson Zone, where trenching returned assays including 0.32 grams per tonne gold over 12 metres (including 0.41 grams per tonne gold over 6 metres).

  • 10 km gold trend delineated by soil sampling geophysics, prospecting and bedrock trenching and drilling (2017)
  • 5 main gold zones: Monte Carlo, Belmont, Samson, Boss and Maverick
  • The anomaly at Monte Carlo is 1450m X 450m and remains open. This area is large enough in scale to host a deposit the likes of either The Golden Saddle deposit or Goldcorp’s Supremo Zone.
  • To date, all 8 trenches along the 450m strike length at Monte Carlo have encountered near surface gold mineralization in bedrock and many drill targets remain to be tested.
  • Monte Carlo has a northwest trending geophysical signature indicating a mineralized contact or structure that has been mapped using IP, ground mag and airborne geophysics. This is coincident with gold mineralization seen in the 2016 and 2017 trenches. This anomaly is observed at depth and along strike for 700m and remains open.
  • Coffee Creek gold deposit was discovered by drill testing gold-in-soil anomalies (also unglaciated terrain) that were typically associated with well-defined magnetic responses.
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