VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/26/13 -- Goldstrike Resources Ltd. (TSX VENTURE: GSR)(PINKSHEETS: APRAF)(FRANKFURT: KCG1) is pleased to report that it has entered into an agreement to purchase a 100% interest in 39 mineral claims in Canada's Yukon Territory. The subject claims, collectively known as the "Strike" claims, are contiguous with the Company's "Lucky Strike" property, located approximately fifteen kilometers east of Kinross's Golden Saddle deposit. The acquisition will complete the Lucky Strike claim block.
Under the agreement, the Company will purchase a 100% interest in 14 claims from Durango Resources Inc. (formerly Atocha Resources Inc.) and a 100% interest in 25 immediately adjacent claims from an individual vendor. The Durango claims were previously optioned to the Company, but that option was dropped by the Company late in 2012 after attempts to renegotiate it on more favorable terms were unsuccessful.
The essential terms of the purchase agreement are as follows:
1. The Company will pay $5,000 and issue 175,000 shares to Durango.
2. The Company will pay $15,000 and issue 50,000 shares to the other vendor.
Both vendors are at arm's length from the Company. No finder's fee will be paid in connection with the proposed acquisition and no royalty has been reserved. The purchase agreement is subject to acceptance by the TSX Venture Exchange.
Goldstrike is a mineral exploration company with multiple discrete exploration projects in the Yukon. For more detailed information on the Company and its properties, please visit Goldstrike's web site at GoldstrikeResources.com.
ON BEHALF OF THE BOARD
Terrence E. King, President and Chief Executive Officer
For further information, please visit Goldstrike's website at GoldstrikeResources.com, follow the Company's tweets at Twitter.com/GoldstrikeRes and contact Jeff Stuart of King James Capital Corporation, handling Investor Relations for the Company at (604) 805-0375 or by email at jstuart@kingjamescapital.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
King James Capital Corporation
Jeff Stuart
Investor Relations
(604) 805-0375
jstuart@kingjamescapital.com
www.GoldstrikeResources.com
