- Drill hole 26F-01, the first hole of the 2026 drill program, returned 400 m at 0.53 g/t Au from a depth of 15 m, including 50 m at 1.07 g/t Au from 236 m.
- The two highest-grade individual samples returned 11.5 g/t Au over 1 m from 248 m and 10.4 g/t Au over 1 m from 284 m.
- Drill hole 26F-01 also intersected three additional gold intervals: 32 m at 0.23 g/t Au from 425 m; 50 m at 0.27 g/t Au from 476 m; and 39 m at 0.22 g/t Au from 548 m.
- These three deeper intervals indicate gold mineralization at depths not previously tested by historical drilling.
Beyond the Headline
Gold Strike reported assays from the first of 11 holes drilled during its 2026 program at the
100%-owned Florin Project in the Tombstone Gold Belt, Yukon. The Florin property is
located immediately north of Sitka Gold’s RC Project (Figure 1-1). The Florin deposit
contains an inferred mineral resource of 162.78Mt @ 0.48 g/t Au containing 2.5Moz Au.
Hole 26F-01 intersected 400m @ 0.53 g/t Au, starting at 15m depth including 50m @ 1.07
g/t Au, starting at 236 m. Individual 1m samples in this interval include @ 11.5 g/t and 10.4
g/t Au. There are also three additional deeper intervals: 32m @ 0.23 g/t Au, 50m at 0.27
g/t Au and 39m at 0.22 g/t Au, extending almost to the 588.6 m hole bottom.
The hole was drilled along the long axis of the existing resource footprint (Figure 1-2). The
Company interprets it as confirming continuity of mineralization and extending the known
system deeper and eastward (Figure 1-3). True widths have not yet been established.
Assays remain pending from 10 holes, including four testing targets outside the existing
resource footprint.
Comments
The result from the first hole is encouraging as it confirms the continuity of
gold mineralization over a 400m downhole interval at a grade consistent with the inferred
resource grade. The 50m interval grading over 1 g/t is particularly encouraging within a
large, lower-grade gold envelope. Outlining a higher grade core in the overall bulk gold
deposit would be positive for potential economics. In addition, the deeper intersections
suggest that the mineralized system persists below the limits of historical drilling.