As many of my subscribers already know I have followed Luckystrike Resources (TSX-V: LUKY) since it began trading August of 2018. The company’s flagship asset is located in the Yukon’s historic White Gold District, which is in the area of the fabled Klondike Gold rush still revered by millions today. The Klondike Gold Rush was a migration by an estimated 100,000 prospectors to this region of the Yukon in northwestern Canada between 1896 and 1899. Gold was discovered there by local miners on August 16, 1896 in a river, and, when news reached Seattle and San Francisco the following year, it triggered a stampede of prospectors the likes never seen before by the eyes of men.
The gold that was found during this historic rush was placer gold that was moved and deposited by running water over millions of years in rivers and streams. This differs from hard rock mining in solid granite or related rock. The placers came from hard rock gold deposits that eroded over time. Many geologists believe the majority of primary hard rock gold deposits are gone in this region, washed away into the rivers that created the gold rush. Well, ladies and gentlemen, it looks like that may not be true. Luckystrike Resources may hold the keys to the golden kingdom in this region from the data they have been accumulating and further built on during the summer of 2018, which has many in the financial and technical community very, very excited for the fast-approaching, fully-funded exploration program.
Over the last ten years, over 7 million ounces of gold has been discovered in the White Gold district
The focus of this summer’s 2019 exploration program will be to follow up on diamond drill hole DDLS-18-06 that intersected multiple gold-bearing zones at the Monte Carlo zone, returning 1.16 grams per tonne gold (g/t Au) over 8.3 meters in the upper zone and 4.55 g/t Au over 7.6m in a newly discovered lower zone comprised of a broad gold-sulphide rich unit. This drill hole confirms the lower zone directly corresponds to a large, subsurface, strong IP chargeability anomaly that is defined for 1.8 kilometres and remains open in all directions. The discovery of this broad gold mineralized unit significantly expands the zone to depth, with very strong potential to quickly expand the scale and geometry of Monte Carlo both along strike and to depth. The lower zone is considered highly significant, as drill hole DDLS-18-06 represents the only one to have targeted the IP chargeability zone and confirmed the presence of a broad zone of high-grade gold mineralization within the IP anomaly. The drilling is planned to test a 800-metre section of this exciting emerging discovery preparations for drilling is now underway.
IP ANOMALY COTAINING NEWLY DISCOVERED SULPHIDE/GOLD RICH UNIT
Goldcorp’s haul road crosses property in two locations
Trenching at Monte Carlo returned 0.94 g/t Au over 30m including 1.14 g/t Au over 24m. The 2018 trenching also significantly expanded the strike length of known gold mineralization along the Monte Carlo trend from 400m to 560m, and the zone remains open to the northwest and southeast. Soil sampling, rock grabs, and IP indicate a larger footprint of 1800m x 450m on Monte Carlo, part of the 10 km Lucky Strike corridor. Trenching and IP along the 10 km Lucky Strike corridor was also successful in delineating several new drill targets at both the Maverick and Belmont zones. Drilling in 2018 focused on the Monte Carlo zone and totaled 1359.71 meters of HTW-sized core from 11 holes. The program centered on expanding 2017’s 1033 meter drill program, which yielded numerous gold intercepts, including 5.36 g/t Au over 22m. This newly discovered unit has excellent potential to quickly expand the high-grade gold mineralization intersected by drilling on Monte Carlo.
Property is unglaciated and drains multiple gold producing placer creeks still in operation today
River access, two barge landings and large maintained airstrip in close proximity
With the extensive summer drill program fully funded and fast approaching, Super Charged Stocks looks forward to following up on this rapidly evolving discovery. 2019 drilling will be focused on expanding the new gold zone both along strike and to depth. With continued drilling success, this zone could quickly evolve into the next big discovery. I myself am very pleased with the results from the 2018 program and with the discovery of a new gold-bearing mineralized unit at depth and significant expansion of the known near surface gold zone at Monte Carlo. I look forward to continuing coverage on Luckystrike Resources as drilling this new and exciting gold discovery will outline its full extent both to depth and along and across strike. Over the last 10 years, over 7 million ounces of gold has been discovered in the White Gold district. The 10-kilometer Lucky Strike Corridor is in the heart of this emerging gold camp that continues to provide new discoveries and attract significant interest and exploration. The Lucky Strike project is still in its infancy with only 2400 meters of exploratory drilling to date and has already shown it has all the right ingredients required – location, grade, dimensions, geology, and geochemistry – to quickly develop into the next big gold discovery.
Let’s also not forget about Luckystrike Resources project pipeline, when your buy Luckystrike Resources shares you also have exposure to these prospective projects below. The project pipeline development focus for Luckystrike Resources during the summer of 2019 will be on its 100% owned Hot Spot property.
Hot Spot Property
Located in the Yukon Territory of Canada, approximately 100 km southwest of Dawson City. 40,000 km2
no underlying royalties or property payments, 100% owned
Alaska and Yukon ranked 10th and 13th globally in the 2017 Fraser Institute survey for investment attractiveness for mining companies.
The Hot Spot Property was staked in 2017 by the company as a reconnaissance exploration project for gold, there is a opportunity to increase land holding through additional staking. The area was recognized based on regional stream sediment sampling, proximity to placer gold bearing streams, and the overall geological bedrock and structure. Hot Spot is a Brand New Gold Discovery 2017 / 2018. High grade gold-in-soil anomaly with values up to 4.1 gpt Au Bedrock trench values of 0.42 g/t Au over 44 m including 2.44 g/t Au over 2 m.
HOT SPOT PROPERTY
For further information, pictures, annotated maps and geologic reports on Luckystrike Resources.
This stock could see a dramatic increase with continued exploration success this summer; it’s one of my favourites and should be on every investor’s radar screen that’s looking for the potential of a significant return.
The age-old cliché in the mineral exploration business is “we are one drill hole away from a major discovery.” Anyone can say that, but what matters is who is saying it, and do they have the rocks to back it up. In this case, the Luckystrike Resources team certainly does. Consider yourselves duly informed to be ahead of the curve. From what we have seen of the Luckystrike projects, people and practices, we expect big money will be made on this deal. This has nothing to do with the luck of the Irish as the O’Donnell clan elders preached the harder we work the luckier we get. In other words, luck is a by-product of busting your butt. We see that same spirit in the team at Luckystrike Resources and eagerly look forward to the upcoming drill results. To learn more, visit the company’s web assets at luckystrikeres.com
Recent Potential Chart Forecast for 2019
Please also click to view this brief but excellent infographic 9 reason why mining investors are looking at Yukon companies.
Do not miss getting Ahead of the Curve. This is the time, this is the third pick of my 2019 summer breakout series and get ready to hear more about this amazing opportunity.
Don’t forget to follow us @SuperChargedStocks (Ahead of the Curve) for real-time news updates! In addition, our web site sections superchargestocks.com Prospectors Corner prospects, our Pics Ahead of the Curve Made the Grade.
Securities Disclosure: I, Andrew O’Donnell, hold no direct investment interest in any company mentioned in this article. I was not paid for this article.
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