Lucky Strike Resources Ltd.

EANS-News: Lucky Strike Resources Ltd.
CN Coal Project Due Diligence Step-Out Drilling Intersects Coal in 7 out of 8 Drillholes

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Company Information/coal


Vancouver (euro adhoc) - TSX-V SYMBOL: LKY 
www.luckystrikeresources.com  

Lucky Strike Resources Ltd. ("Lucky Strike" or the "Company") (TSXV: LKY), is
pleased to announce seven out of eight drill holes encountered significant coal
mineralization in its due diligence drilling program on the CN Coal Project. The
coal properties covers a contiguous area of 13,096 hectares (131 sq.km) located
approximately 175 km SW of the capital city of Ulaanbaatar and 45 km SE of the
Buren Soum village center in the Tuv Aimag province in Mongolia. 

The seven drillholes intersecting coal mineralization were step-out holes beyond
the previously drilled area, expanding the area containing coal mineralization
intercepts from 8 square km (a 4 km by 2 km area) to 24 square km (a 6 km by 4
km area).  A total of 1,517 meters in eight drill holes were completed using
primarily a poly-crystalline diamond (PCD) rotary drill bit. Six drill holes
intersecting coal mineralization were spaced along an approximately 6 km strike
within the license areas under option by Lucky Strike, and the coal intercepts
are open at both ends of the 6 km strike length ascertained by the latest
drilling effort.  Also, coal was intercepted in holes spaced approximately two
kilometers apart from one another outside the previously drilled area in a
down-dip direction. See Table for a brief summary of drill hole parameters and
results. 

Two drill holes (33R and 38R), spaced approximately 900 meters apart on strike,
each intercepted approximately 39 metres of coal mineralization in individual
seams.  It is reasonable to interpret these intercepts as possibly being
correlative coal seams based on their similar thickness, overall stratigraphy,
geomorphic interpretation of possible surface expressions of fault structures,
and their relative proximity to one another. 

Results of the 2011 exploration program are as follows: 

Table 1 - Drilling Results 


                                                  Thickest
                             Drill Depth Total Coal Seam     Thickest Seam
Drill Hole  Northing  Easting  (Meters) (Meters)  (Meters) Interval (Meters)
CN-11-33R   5168648   538517     256      52.70     39.2     143.8-183.0  
CN-11-34C   5166594   539927     181      24.49     7.75     76.7 - 84.6  
CN-11-35R   5165663   541896     175       11.0     11.0      88.0-97.0  
CN-11-36R   5164850   542440     100       15.0     12.0      76.0-88.0  
CN-11-37R   5169036   538167     148       12.0     12.0      19.0-31.0  
CN-11-38R   5169555   538480     145       39.0     39.0     70.0-109.0  
CN-11-39R   5171753   544306     256      No coal        
CN-11-40R   5168601   540965     256       17.0     5.0     249.0-254.0  


Lucky Strike's principal focus was to understand the potential to increase the
known mineralized area by means of step-out drilling. Beyond this, the Company
completed proximate analysis, ash fusion, wash sink and float testing for the
CN-11-34C core hole samples to understand the commercial potential of the CN
Coal deposit in terms of the coal quality. The results in the following summary
tables 2 to 6 showed thermal coal quality values, a high degree of washability
and other coal characteristics that are suitable for coal-fired boiler systems.
The potential for a sizable deposit and commercial use of the CN Coal deposit
are important factors for Lucky Strike to consider in its decision whether to
advance the project. 

Table 2 - Washability Characteristics of Composites 1 & 2 

 

                       Gross                  Gross                    Gross
            Inherent Calorific                Calorific                Calorific
Sample ID   Moisture   Value    Wt  Ash    S  Value     Wt    Ash  S   Value 

Basis
Analysis       ADB     ADB      DB   DB    DB  DB       DB     DB  DB   DB 
Units ---->     %    kcal/kg    %     %    %  kcal/kg    %     %   %    % 
Test fluid
specific
gravity    Fractional Analysis Dry Basis   Cumulative Recovery of Products
                                                      (Floats) 
Composite 1 14.73    4046     100  27.69  7.13   4745                           
  
1 F1.30      8.15    5952    8.71   5.47  0.69   6480   8.71  5.47  0.69  6480 
1 F1.35      9.88    5616   22.59   6.24  0.80   6231  31.30  6.03  0.77  6301 
1 F1.40      9.35    5371   19.82   9.71  0.69   5924  51.12  7.46  0.74  6155 
1 F1.45      8.61    4916    3.62  19.15  0.51   5379  54.73  8.23  0.72  6103 
1 F1.50      7.73    4595    2.08  22.05  0.46   4980  56.81  8.73  0.71  6062 
1 F1.60      8.04    3530    5.10  38.01  0.17   3838  61.91 11.15  0.67  5879 
1 F1.65      7.72    3104    5.02  42.70  0.16   3364  66.94 13.51  0.63  5690 
1 F1.70      8.65    2855    4.35  42.98  0.32   3125  71.29 15.31  0.61  5534 
1 S1.70      3.54    2596   28.71  54.47 21.52   2691                           
  
1 -0.5mm     8.53    4113          30.70  5.52   4497                           
  
Composite 2 23.50    4584     100  11.02  0.86   5992                           
  
2 F1.30     20.94    5296   47.36   5.97  0.40   6699  47.36  5.97  0.40  6699 
2 F1.35     17.31    5265   23.18   6.85  0.19   6367  70.54  6.26  0.34  6590 
2 F1.40     13.39    5124   14.38   8.98  0.22   5917  84.93  6.72  0.32  6476 
2 F1.45     13.55    5072    6.25  13.39  0.17   5868  91.17  7.18  0.31  6434 
2 F1.50     10.28    4639    2.60  21.07  0.17   5171  93.78  7.56  0.30  6399 
2 F1.60      7.79    4089    1.36  30.89  0.18   4434  95.13  7.89  0.30  6371 
2 F1.65      6.54    3315    0.31  39.84  0.16   3546  95.45  8.00  0.30  6362 
2 F1.70      5.82    2778    0.25  46.74  0.14   2950  95.70  8.10  0.30  6353 
2 S1.70      3.49    2400    4.30  58.04 16.19   2487                           
  
2 -0.5mm    13.45    4804          13.99  0.92   5551                           
  

Table 3 - Washability Characteristics of Composites 3 & 4 

                       Gross                  Gross                    Gross
            Inherent Calorific                Calorific                Calorific
Sample ID   Moisture   Value    Wt  Ash    S  Value     Wt    Ash  S   Value 

Basis
Analysis       ADB     ADB      DB   DB    DB  DB       DB     DB  DB   DB 
Units ---->     %    kcal/kg    %     %    %  kcal/kg    %     %   %    % 
Test fluid
specific
gravity    Fractional Analysis Dry Basis   Cumulative Recovery of Products
                                                      (Floats) 
Composite 3 19.33    4484     100  17.30  0.55   5558                           
  
3 F1.30     10.03    5752   13.34   6.57  0.36   6393  13.34  6.57  0.36  6393 
3 F1.35     11.53    5446   26.00   8.07  0.17   6156  39.35  7.56  0.23  6236 
3 F1.40     10.64    5329   22.57  10.76  0.15   5964  61.91  8.73  0.20  6137 
3 F1.45     10.62    5186   10.73  13.56  0.35   5802  72.64  9.44  0.22  6088 
3 F1.50      9.14    4833    5.31  18.59  0.34   5319  77.96 10.06  0.23  6035 
3 F1.60      7.93    3975    5.26  33.11  0.31   4318  83.21 11.52  0.24  5927 
3 F1.65      7.72    3447    1.17  40.83  0.43   3735  84.39 11.93  0.24  5896 
3 F1.70      6.96    3158    1.25  44.71  0.53   3394  85.64 12.41  0.24  5860 
3 S1.70      6.71    2423   14.36  62.02  1.24   2597                           
  
3 -0.5mm    10.84    4570          22.27  0.47   5126                           
  
Composite 4 17.93    3956     100  35.01 10.89   4820                           
  
4 F1.30     10.59    5612   22.46   6.77  0.51   6277  22.46  6.77  0.51  6277 
4 F1.35     10.39    5506   14.65   8.02  0.56   6145  37.11  7.26  0.53  6225 
4 F1.40     10.24    5439   16.79  10.07  0.50   6059  53.90  8.14  0.52  6173 
4 F1.45      9.00    5388    8.54  10.84  0.44   5921  62.44  8.51  0.51  6139 
4 F1.50      8.43    5128    5.82  13.80  0.43   5601  68.26  8.96  0.50  6093 
4 F1.60      7.87    4447    2.76  25.66  0.42   4827  71.02  9.61  0.50  6043 
4 F1.65                      0.63  36.70  0.00      0  71.66  9.85  0.50  5990 
4 F1.70                      0.67  42.02  0.00      0  72.33 10.15  0.49  5935 
4 S1.70      3.80    2202   27.67  63.25 17.39   2289                           
  
4 -0.5mm    11.11    4412          23.97  3.77   4963                           
  

Table 4 - Washability Characteristics of Composites 5 & 6 

                       Gross                  Gross                    Gross
            Inherent Calorific                Calorific                Calorific
Sample ID   Moisture   Value    Wt  Ash    S  Value     Wt    Ash  S   Value 

Basis
Analysis       ADB     ADB      DB   DB    DB  DB       DB     DB  DB   DB 
Units ---->     %    kcal/kg    %     %    %  kcal/kg    %     %   %    % 
Test fluid
specific
gravity    Fractional Analysis Dry Basis   Cumulative Recovery of Products
                                                      (Floats) 
Composite 5 28.29    4517     100  16.32  0.91   6299                           
  
5 F1.30     23.89    5782   58.82   7.70  0.14   7598  58.82  7.70  0.14  7598 
5 F1.35     17.89    5403   11.00  11.00  0.12   6580  69.82  8.22  0.14  7437 
5 F1.40     17.75    5190   10.23  14.71  0.11   6310  80.05  9.05  0.14  7293 
5 F1.45     17.43    4453    6.53  22.91  0.45   5393  86.58 10.10  0.16  7150 
5 F1.50     13.47    3916    3.49  32.92  0.37   4525  90.07 10.98  0.17  7048 
5 F1.60     12.53    3080    4.19  42.43  0.39   3520  94.26 12.38  0.18  6891 
5 F1.65      7.05    2147    0.77  52.57  0.29   2310  95.03 12.70  0.18  6854 
5 F1.70      5.50    1970    0.44  57.24  0.22   2085  95.48 12.91  0.18  6832 
5 S1.70      2.80    1743    4.52  62.61 17.92   1793                           
  
5 -0.5mm    17.44    4329          19.26  0.48   5243                           
  
Composite 6 19.86    4382     100  20.92  0.84   5468                           
  
6 F1.30     11.98    5777   10.27   6.70  0.39   6564  10.27  6.70  0.39  6564 
6 F1.35     11.62    5480   16.33   9.34  0.62   6201  26.60  8.32  0.53  6341 
6 F1.40     11.01    5206   19.28  13.73  0.53   5850  45.88 10.59  0.53  6135 
6 F1.45      7.24    4989   16.39  16.26  0.43   5378  62.27 12.08  0.50  5935 
6 F1.50      6.93    4741   13.96  20.57  0.50   5094  76.23 13.64  0.50  5781 
6 F1.60      5.44    3964    7.00  32.24  0.39   4192  83.23 15.20  0.49  5648 
6 F1.65      5.74    2990    2.51  42.05  0.72   3172  85.73 15.99  0.50  5575 
6 F1.70      4.02    2624    1.79  46.19  0.26   2734  87.52 16.61  0.50  5517 
6 S1.70      2.79    2413   12.48  54.81  6.05   2482                           
  
6 -0.5mm    11.41    4158          23.31  0.45   4694                           
  

Table 5 - Washability Characteristics of Composite 7 

                       Gross                  Gross                    Gross
            Inherent Calorific                Calorific                Calorific
Sample ID   Moisture   Value    Wt  Ash    S  Value     Wt    Ash  S   Value 

Basis
Analysis       ADB     ADB      DB   DB    DB  DB       DB     DB  DB   DB 
Units ---->     %    kcal/kg    %     %    %  kcal/kg    %     %   %    % 
Test fluid
specific
gravity    Fractional Analysis Dry Basis   Cumulative Recovery of Products
                                                      (Floats) 
Composite 7 22.70    4052     100  20.66  0.26   5242                           
  
7 F1.30     12.26    5732   40.05   5.55  0.21   6533  40.05  5.55  0.21  6533 
7 F1.35      5.50    5295   13.61   6.18  0.19   5603  53.66  5.71  0.20  6297 
7 F1.40     10.42    5216   15.18   7.72  0.11   5822  68.84  6.15  0.18  6192 
7 F1.45      8.42    5134    5.77  10.31  0.08   5606  74.61  6.47  0.17  6147 
7 F1.50      5.24    4891    1.93  19.06  0.09   5162  76.54  6.79  0.17  6122 
7 F1.60      4.71    3918    3.49  31.86  0.09   4111  80.03  7.88  0.17  6034 
7 F1.65      4.72    3212    0.75  41.12  0.10   3372  80.78  8.19  0.17  6010 
7 F1.70      4.62    2699    1.13  48.32  0.07   2830  81.92  8.75  0.17  5966 
7 S1.70      6.01    2152   18.08  67.57  0.27   2290                           
  
7 -0.5mm    14.80    4152          24.94  0.21   4873                           
  

Table 6 
                                  Ash Fusion Characteristics 
Sl.
No.    Sample ID       Reducing Environment            Oxidising Environment 
                    IDT     ST      HT      FT      IDT     ST      HT      FT 
       Units --->  Deg C   Deg C   Deg C   Deg C   Deg C   Deg C   Deg C   Deg C

1      Composite 1  1081    1117    1143    1204    1214    1302    1374    1391

2      Composite 2  1129    1140    1142    1148    1205    1209    1218    1229

3      Composite 3  1157    1209    1215    1229    1185    1225    1245    1267

4      Composite 4  1095    1169    1232    1295    1311    1412    1445    1499

5      Composite 5  1142    1205    1216    1220    1203    1249    1259    1285

6      Composite 6  1175    1227    1236    1248    1187    1247    1267    1283

7      Composite 7  1172    1198    1209    1239    1175    1215    1243    1267



Coal samples from the core hole were sent to SGS Laboratory, in Ulaanbaatar for
coal quality testing. Norwest Corporation guided the general layout of the due
diligence drilling program, supervised and verified the core sampling procedure
for all coal quality samples. 

Considering the positive confirmation of the coal deposit and significant
extension of the known mineralized area by the step-out drilling program
results, Lucky Strike will aim to further explore the CN Project to test the
potential to further increase the size of the coal deposit. The coal beds are
part of the lower Cretaceous Dzuunbayan suite of terrigenous sediments that were
deposited in Cretaceous rift valleys during a period of basin and range-style
structural extension in central Mongolia. The Dzuunbayan suite is part of a
sediment series carrying significant coal resources in the Choir-Nyalga Coal
Basin. 

In accordance to the NI 43-101, five coal seams of economic interest have, thus
far, been intersected by drilling on the CN coal property.  The coal beds, which
dip gently 7o to 10o north-eastward into the property block from the nearby
western block boundary, provide supporting evidence that the interior of the
license block has additional coal resource potential.  Additionally, from
historic and published mapping and initial Lucky Strike field studies, the
dipping strata may form the west flank of a gentle synclinal fold. It implies a
possible return to shallower depths of the coal beds to the northeast. This will
need to be confirmed by future drilling, geophysical surveys, and additional
geologic mapping. The coal seams intersected in the 2009 and 2011 drilling were
less than 280 metres in depth; however, the dip of the seams suggests that the
lower seams extend below a depth of 280 metres to the northeast. 

Edwin Ullmer, P. Geo., a Qualified Person as defined by National Instrument
43-101 and an independent consultant of the Company, has read and approved the
technical and scientific information contained in this news release. 

About Lucky Strike Resources Ltd 

Lucky Strike Resources is a growth-focused exploration company creating value
through the exploration and development of coal, minerals and energy in
Mongolia. Mongolia, centered between the growing consumption markets of China
and Russia, holds vast, untapped and rich coal resources. Lucky Strike plans to
first explore and develop the CN Project in Central Mongolia and the NKAK Coal
Properties in South-western Mongolia.  The Management team has extensive
experience in the global exploration and mining industry as well as in Asia. 

ON BEHALF OF LUCKY STRIKE RESOURCES LTD. 

"Cathy Fong" 

Cathy Fong, P.Eng,
Chairman & CEO 

The Company's shares are listed on the Toronto Stock Exchange under the symbol
"LKY" and on the US OTC market as "LKYSF." 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.  

This news release may contain certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact, included
herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time with the TSX Venture Exchange,
the British Columbia Securities Commission and the US Securities and Exchange
Commission. 

This release contains "forward-looking statements" within the meaning of
applicable Canadian securities legislation, including predictions, projections
and forecasts.  Forward-looking statements include, but are not limited to,
statements that address activities, events or developments that the Company
expects or anticipates will or may occur in the future, including such things as
the completion of the acquisition of the properties described above, potential
future exploration activities on such properties, the completion of technical
reports in respect of such properties,  future business strategy, competitive
strengths, goals, expansion, growth of the Company's businesses, operations,
plans and with respect to exploration results, the timing and success of
exploration activities generally, permitting time lines, government regulation
of exploration and mining operations, environmental risks, title disputes or
claims, limitations on insurance coverage, timing and possible outcome of any
pending litigation and timing and results of future resource estimates or future
economic studies. 

Often, but not always, forward-looking statements can be identified by the use
of words such as "plans", "planning", "planned", "expects" or "looking forward",
"does not expect", "continues", "scheduled", "estimates", "forecasts",
"intends", "potential", "anticipates", "does not anticipate", or "belief", or
describes a "goal", or variation of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved.  

Forward-looking statements are based on a number of material factors and
assumptions, including the results of the Company's due diligence investigations
in respect of the transaction, that the Sellers perform their obligations under
the Definitive Agreements, receipt of all necessary regulatory approvals,
including that of the TSX Venture Exchange, the result of drilling and
exploration activities, that contracted parties provide goods and/or services on
the agreed timeframes, that equipment necessary for exploration is available as
scheduled and does not incur unforeseen break downs, that no labour shortages or
delays are incurred, that plant and equipment function as specified, that no
unusual geological or technical problems occur, and that laboratory and other
related services are available and perform as contracted.  Forward-looking
statements involve known and unknown risks, future events, conditions,
uncertainties and other factors which may cause the actual results, performance
or achievements to be materially different from any future results, prediction,
projection, forecast, performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, the
interpretation and actual results of current exploration activities; changes in
project parameters as plans continue to be refined; future prices of minerals;
possible variations in grade or recovery rates; failure of equipment or
processes to operate as anticipated; the failure of contracted parties to
perform; labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing or in the completion of
exploration, as well as those factors disclosed in the company's publicly filed
documents. Although the Company has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements.


Further inquiry note:
For further information relating to the Company or this release, please visit
the Lucky Strike Resources website at www.luckystrikeresources.com or contact
Investor Relations at 604-360-8199info@luckystrikeresources.com

end of announcement                               euro adhoc 
--------------------------------------------------------------------------------


company:     Lucky Strike Resources Ltd.
             MacDonald Street 1746 
             CA-V6K 3X8 Vancouver
phone:       +1 (604) 803-2201
mail:     pwilson1746@gmail.com
sector:      Natural Resources (general)
ISIN:        CA5495812052
indexes:     
stockmarkets: 
language:   English
 



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