Goldstake Explorations Inc - Update July 2013

TORONTO, July 16, 2013 /CNW/ - GOLDSTAKE EXPLORATIONS INC. IS PLEASED TO REPORT ON TWO RECENT DEVELOPMENTS

1. GOLD TAILINGS WHITEWOOD CREEK SOUTH DAKOTA USA.
   
  THE SOUTH DAKOTA [SD] DEPARTMENT OF ENVIRONMENT AND NATURAL RESOURCES ["DENR"] HAS APPROVED AN EXPLORATION PERMIT ON THE PROJECT TO ENABLE GOLDSTAKE TO VERIFY AND UPGRADE ITS PRE-NI 43-101 HISTORICAL "PROVEN RESERVES".
   
  THIS PROGRAM INCLUDES  FIELD BASELINE STUDIES, DRILLING, TRENCHING, SAMPLING AND HYDROLOGY STUDIES, SCHEDULED TO START IN  AUGUST 2013.
   
  RESULTS OF THIS PROGRAM WILL  PROVIDE  SIGNIFICANT  DATA FOR THE MINE PERMIT APPLICATION TO BE SUBMITTED TO THE DENR, SEEKING APPROVAL TO START PRODUCTION.
   
2. VIRGINIATOWN ONTARIO CANADA "CLAY PROJECT" GOLD, COPPER, BASE METAL, DIAMONDS
   
  GOLDSTAKE [75%]  TRANSPACIFIC  RESOURCES [25%] HAVE BEEN GRANTED A "WORK PERMIT" TO BEGIN TRENCHING, SAMPLING AND ASSAYING ON THREE DISTINCT PROJECTS ON THE PROPERTY.
   
  [a] INSTANT POND—GOLD AND COPPER
   
  GOLDSTAKE'S 2005 DIAMOND DRILL PROGRAM INTERSECTED 1,078.79 G Au/TONNE ACROSS A CORE LENGTH OF O.19 M [ 31.6 OZ /TONNE  ACROSS O.6' ] PLUS OTHER HIGH GRADE INTERSECTIONS AT SHALLOW DEPTH, AND PREVIOUS TRENCHING SHOWED VISIBLE GOLD AT SURFACE.
   
  [b] "  THE ROSE"--- BASE METALS .
   
  GOLDSTAKE'S PREVIOUS CHANNEL SAMPLING RECORDED 11% ZINC TONNE AND ANOMALOUS COPPER.
   
  [C]" STUMP POND DIAMONDS.
   
  GOLDSTAKE'S " TILL" BULK SAMPLING PROGRAM FOUND SIGNIFICANT QUANTITIES OF DIAMOND INDICATOR MINERALS.

       

                                

SOURCE: Goldstake Explorations Inc.

For further information:

Robert Cleaver
416 201-9223

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Goldstake Explorations Inc.

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