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StrikePoint Gold

STRIKEPOINT INTERSECTS 102 G/T GOLD AND 356 G/T SILVER OVER 1.0 METERS FROM A 100 METER STEP-OUT FROM THE NORTH ZONE, WILLOUGHBY PROPERTY

By | 2019

Vancouver, British Columbia — October 10th, 2019 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V) (STKXF:OTCQB) is pleased to announce drill results from its surface drilling program at the North Zone at their 100%-owned Willoughby property, located east of Stewart in British Columbia’s prolific Golden Triangle.  Results were received from additional four holes from the North Zone, with assays for another six holes currently pending from the North and Wilby Zones. Additionally, assay results are still pending from a Property-wide prospecting and channel sampling.  Assays from the first two drill holes from the 2019 Program were previously announced (See Strikepoint News Release, September 16, 2019).

StrikePoint CEO, Shawn Khunkhun, states “This large step-out from historic high-grade intercepts has significantly expanded the extent of gold-silver mineralization at our Willoughby Property, and may represent a new mineralized zone.  We eagerly anticipate additional results over the next few weeks from our 2019 drilling and surface exploration program.”

North Zone Drilling

Drill hole W19-094, tested a new area of exposed mineralization that was covered with glacial ice during exploration programs in the mid 1990’s. A high-grade interval of 102 g/t Gold and 356 g/t Silver over 1.0 Meters within 26.28 g/t Au and 95.00 g/t Ag over 4.0 meters.  It is located northeast of the North zone, observed during the 2019 field mapping and drone survey program. This potentially new mineralized structure has a similar orientation as the North zone, located over 100 meters to the southwest. The high-grade mineralization occurs within a massive galena-pyrite-sphalerite-chalcopyrite vein with visible gold.  Final assays are currently pending for holes W19-093,95 and 97 oriented to the east and west respectively from the same drill setup.

The mineralized trend of the North Zone consists of north to northeast striking, moderately south dipping pyrite-sphalerite-galena veins intersecting with north striking shallowly east dipping fault zones with milled pyrite within an early-Jurassic biotite-phyric diorite thought to be part of the ‘Goldslide Suite’ intrusive suite that hosts the adjacent Red Mountain Deposit. The intersection of these two structures may localise high-grade gold mineralisation.

Table 1: North Zone Assay Results, October 11 2019 (1)

 

Willoughby project

The project occurs along the eastern margin of the Cambria Icefield, approximately 7 kilometres east of the advanced-staged Red Mountain Deposit that was recently acquired by Ascot Resources from IDM Mining. The property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of primarily pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold. Eight gold and silver mineralized zones have been identified to-date over a one-kilometer strike-length mineralization trend.

QA/QC

Samples for the 2019 exploration program were all drill core were labelled, sawn in-half, with one-half placed in sealed bags and shipped with chain of custody controls to the laboratory. The remaining drill core is subsequently securely stored in Stewart, BC. The company implements a rigorous Quality Control/Quality Assurance program, including the insertion of Standards, Blanks and duplicate at regular intervals in the sample stream to monitor laboratory performance.

Drill core samples are submitted to SGS Canada Inc. facility in Burnaby, British Columbia for preparation and analysis. The SGS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, split into representative sub-sample using a riffle splitter and subsequently 250g is pulverized. Analysis for gold is by 30g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.005 ppm and upper limit of 10 ppm. Samples with gold assays greater than 10ppm are re-analyzed using a 30g fire assay fusion with gravimetric finish. Analysis for silver is by 30g fire assay fusion with gravimetric finish with a lower limit of 2ppm and upper limit of 100ppm. Samples with silver assays greater than 100ppm are re-analyzed using a gravimetric silver concentrate method. All samples are also analyzed using a 33 multi-elemental geochemical package by a 4-acid digestion (ICP-AES).

 

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is Marilyne Lacasse, P. Geo, Project Manager. She has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About StrikePoint

StrikePoint Gold is a gold exploration company focused on building high grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past producing high grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns portfolio of gold properties in the Yukon.

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date here of based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither the 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.

 

For more information, please contact:
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com

STRIKEPOINT RECEIVES ASSAYS FROM INITIAL TWO HOLES AT WILLOUGHBY, INCLUDING: 3.87 G/T AU OVER 11.7 METERS AT WILBY ZONE

By | 2019, News

Vancouver, British Columbia — September 16, 2019 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce the first two drill holes from the 2019 program at the 100%-owned Willoughby gold-silver property located near Stewart BC in British Columbia’s prolific Golden Triangle. The Company has received final assay results from two of twelve core holes, from both the North and Wilby zones.   Also, the Company is waiting for surface sample assays from its property-wide prospecting and channel sampling program.

“Our technical team’s excellent geological work has confirmed multiple-styles of gold-silver mineralization at Willoughby related to 1) lithological contacts, 2) vein and shear structures and 3) carbonate replacement,” said Shawn Khunkhun, StrikePoint’s President and CEO. “In particular, oriented core measurements have identified key syn and post-mineral faults, and most importantly, large folds.  We eagerly await the remainder of our drill results from both the Wilby and North Zones, which will hopefully confirm and expand historic high-grade intercepts.”

Highlights from the initial two holes include:

  • W19-090 intersected 4.50 meters averaging 3.96 g/t au and 74.55 g/t Ag at North Zone
  • W19-099 intersected 11.70 meters averaging 3.87 g/t au and 3.52 g/t Ag in upper lens at Wilby Zone
  • W19-099 intersected 16.55 meters averaging 1.66 g/t Au and 32.10 g/t Ag in lower lens at Wilby Zone

 

Hole-ID Zone Azimuth/Dip From (meters) To (meters) Length (meters) Gold (g/t) Silver (g/t) Copper (%)
W19-090 North 73/-68 46.08 49.00 2.92 2.20 8.16
75.00 79.50 4.50 3.96 74.55
Incl. 75.96 76.49 0.53 13.80 297.00
W19-099 Wilby 328/-58 120.55 132.25 11.70 3.87 3.52 0.05
Incl. 126.3 126.8 0.50 20.90 5.00
144.30 147.00 2.70 3.65 10.56
146.00 162.55 16.55 1.66 32.10 0.08
Incl. 146.50 147.00 0.50 9.15 37.00
Incl. 154.25 155.75 1.50 2.96 37.67
Incl. 154.25 162.55 8.30 1.80 53.01 0.12
Incl. 159.80 162.55 2.75 2.29 96.45

 

The mineralized trend of the North Zone consists of east striking, moderately south dipping pyrite-sphalerite-galena veins intersecting with north striking shallowly east dipping fault zones with milled pyrite within an early-Jurassic biotite-phyric diorite thought to be part of the ‘Goldslide Suite’ intrusive suite that hosts the adjacent Red Mountain Deposit. The intersection of these two structures may localise high-grade gold mineralisation. The first hole drilled this year is consistent with mineralisation reported from historic drilling. Notably this hole highlighted a mineralized area unsampled from previous drilling and demonstrates potential for a larger zone of mineralisation.

Table 1: Selected Exploration Drill Results, September 2019 (1)

Hole-ID Zone From (meters) To (meters) Length (meters) Gold (g/t) Silver (g/t)
W19-090 North 46.08 49.00 2.92 2.20 8.16
75.00 79.50 4.50 3.96 74.55
 Incl. 75.96 76.49 0.53 13.80 297.00

(1) True thickness to be determined.

Willoughby project

The project occurs along the eastern margin of the Cambria Icefield, approximately 7 kilometres east of the advanced-staged Red Mountain Deposit that was recently acquired by Ascot Resources from IDM Mining. The property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of primarily pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold. Eight gold and silver mineralized zones have been identified to-date over a one-kilometer strike-length mineralization trend.

QA/QC

Samples for the 2019 exploration program were all drill core were labelled, sawn in-half, with one-half placed in sealed bags and shipped with chain of custody controls to the laboratory. The remaining drill core is subsequently securely stored in Stewart, BC. The company implements a rigorous Quality Control/Quality Assurance program, including the insertion of Standards, Blanks and duplicate at regular intervals in the sample stream to monitor laboratory performance.

Drill core samples are submitted to SGS Canada Inc. facility in Burnaby, British Columbia for preparation and analysis. The SGS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, split into representative sub-sample using a riffle splitter and subsequently 250g is pulverized. Analysis for gold is by 30g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.005 ppm and upper limit of 10 ppm. Samples with gold assays greater than 10ppm are re-analyzed using a 30g fire assay fusion with gravimetric finish. Analysis for silver is by 30g fire assay fusion with gravimetric finish with a lower limit of 2ppm and upper limit of 100ppm. Samples with silver assays greater than 100ppm are re-analyzed using a gravimetric silver concentrate method. All samples are also analyzed using a 33 multi-elemental geochemical package by a 4-acid digestion (ICP-AES).

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is Marilyne Lacasse, P. Geo, Project Manager. She has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About StrikePoint

StrikePoint Gold is a gold exploration company focused on building high grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past producing high grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns portfolio of gold properties in the Yukon.

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date here of based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither the 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.

 

For more information, please contact:
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com

 

 

STRIKEPOINT GOLDS PHASE 2 DRILLLING PROGRAM UNDERWAY AT THE HIGH-GRADE, WILLOUGHBY GOLD PROPERTY

By | 2019, News

Vancouver, British Columbia — August 13 2019 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce commencement of its Phase II drilling program of 1,000 metres at the Wilby zone on their 100%-owned Willoughby property located near Stewart BC in British Columbia’s Golden Triangle, seven kilometres east of Ascot Resource’s advanced-stage Red Mountain Gold Project.   The company’s Phase I program is complete, with eight holes that targeted the North Zone, located 400m northwest of the Wilby Zone.

The objective of the Phase II program is to expand and test the 1450 and Northern deep lenses at the Wilby zone, confirming and stepping out from multiple wide, high-grade historic intercepts. Gold and silver mineralization at Willoughby are hosted within Jurassic volcanic and sedimentary rocks, as well as ‘Goldslide Suite’ intrusive phases, similar to the adjacent Red Mountain Deposit and other significant deposits in Northwestern British Columbia.

Highlights of historical intercepts from Wilby include (drilled lengths, true width estimated to be 60 to 90% of interval):

  • 89-04: 7.06 g/t Au and 42.80 g/t Ag over 11.50 meters
  • 94-20: 4.40 g/t Au and 17.97 g/t Ag over 6.0 meters
  • 95-51: 20.45 g/t Au and 42.84 g/t Ag over 6.80 meters
  • 95-53: 12.66 g/t Au and 59.43 g/t Ag over 12.0 meters
  • 96-71: 10.54 g/t Au and 5.88 g/t Ag over 5.10 meters
  • 96-88: 7.62 g/t Au and 1.43 g/t Ag over 11.70 meters

StrikePoint CEO, Shawn Khunkhun, states “This is the first drill program to be carried out at the Wilby Zone since 1996. Historic drill holes were limited to near-outcrop, short holes.  StrikePoint’s goal is to demonstrate that the mineralised system is more extensive than previously indicated.  This part of Northern British Columbia has an enviable endowment of high-grade gold and silver mines and deposits.  Our aim is to build a resource that moves this project towards economic viability. “

Willoughby project

The project occurs along the eastern margin of the Cambria Icefield, approximately seven kilometres east of the advanced-staged Red Mountain Deposit that was recently acquired by Ascot Resources from IDM Mining. The property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of primarily pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold and. Eight gold and silver mineralized zones have been identified to-date over a one-kilometer strike-length mineralization trend.

Qualified Person

Marilyne Lacasse, P. Geo., is the Qualified Person as defined by National Instrument 43-101 who prepared and approved reviewed the technical data in this news release.

About StrikePoint

StrikePoint Gold is a gold and silver exploration company focused on building high grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past producing high grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns portfolio of gold properties in the Yukon.

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date here of based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.
Neither the 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.

 

For more information, please contact:
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com

 

 

STRIKEPOINT GOLD EXPANDS SURFACE EXPLORATION PROGRAM INCLUDING: TRENCHING AND CHANNEL SAMPLING

By | 2019, News

Vancouver, British Columbia — Aug 7, 2019 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) announces that due to encouraging new exposures of sulphide mineralization and prospective alteration and intrusive rocks, that and expanded surface sample program of hand-trenching and channel sampling has commenced at its 100%-owned Willoughby gold Property (“Property’”). Significant melting of alpine glaciers has occurred since the last significant exploration program over 20 years ago, particularly on the north and west sides of the Property. Willoughby is located near Stewart, BC in British Columbia’s prolific Golden Triangle, seven kilometres east of Ascot Resource’s advanced-stage Red Mountain Gold Project.

StrikePoint is currently drilling the Property; at the time of this release, six holes for 800m completed at the high-grade North Zone. 194 core samples from the initial two drill holes have been shipped for ‘rush’ analysis, as well an initial batch of 47 surface samples.

“New exposures of outcrop with strong pyrite and sphalerite mineralization, occurring as disseminated, stock, replacement and massive sulphide pods and veins is very encouraging to our technical team,” said StrikePoint CEO, Shawn Khunkhun. “The presence of copper and zinc sulphides correlates with high-grade precious metal values at the North Zone where we are currently drilling. Expanding our surface exploration program should allow for a quick turnaround of assays prior to the end of the field season in the autumn. These areas are located in much gentler terrain than the steep topography where we are currently drilling.”

Willoughby Project

Gold and silver mineralization at Willoughby are hosted within Jurassic volcanic and sedimentary rocks, associated with a ‘Goldslide Suite’ intrusive phase, similar to the adjacent Red Mountain Deposit.

The Project occurs along the eastern margin of the Cambria Icefield, approximately seven kilometres east of the advanced-staged Red Mountain Deposit that was recently acquired by Ascot Resources from IDM Mining and 20km northeast of StrikePoint’s Porter Silver Property. The Willoughby Property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of primarily pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold and. Eight gold and silver mineralized zones have been identified to-date over a one-kilometer strike-length mineralization trend.

QA/QC and Qualified Person

Samples for the 2019 program are collected by experienced geologists and technicians, placed in sealed bags and shipped to SGS Labs in Burnaby, BC for sample preparation, gold and multi-element ICP analysis. A Quality Control/Quality Assurance program including the insertion of Standards and Blanks has been implemented. The 2019 Exploration Program is performed under the supervision of Marilyne Lacasse, P.Geo, Qualified Person as defined by National Instrument 43-101. Ms. Lacasse has prepared and approved reviewed the technical data in this news release.

About StrikePoint

StrikePoint Gold is a gold exploration company focused on building high grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past producing high grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns portfolio of gold properties in the Yukon.

ON BEHALF OF THE BOARD OF DIRECTORS OF

STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun

Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date here of based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither the 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.

 

For more information, please contact:

StrikePoint Gold Inc.

Shawn Khunkhun, CEO and Director

T: (604) 602-1440

E: sk@strikepointgold.com

W: www.strikepointgold.com

 

 

 

STRIKEPOINT GOLD INC. ANNOUNCES COMMENCMENT OF DRILLLING PROGRAM AT THE NORTH ZONE FOR THE HIGH-GRADE WILLOUGHBY GOLD PROPERTY

By | 2019, News

Vancouver, British Columbia — July 31 2019 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce  the commencement of its Phase I drilling program of 1,000 metres at the North zone on their 100%-owned Willoughby property located near Stewart BC in British Columbia’s prolific Golden Triangle, seven kilometres east of Ascot Resource’s advanced-stage Red Mountain Gold Project.

The objective of the Phase I program is to expand and test the North Zone, following up and stepping out from multiple high-grade historic intercepts. Previous explorers, which included limited underground drifting and drilling was locally focused, dominantly within only 50 meters of surface, with holes oriented towards the east.  New mineralized exposure from melting alpine glaciers, coupled with an improved understanding of the structural geological setting has helped refine the drill plan, including westerly oriented drill holes.

Gold and silver mineralization at Willoughby are hosted within Jurassic volcanic and sedimentary rocks, associated with a ‘Goldslide Suite’ intrusive phase, similar to the adjacent Red Mountain Deposit.

Select highlights from the North zone historical drill hole intercepts include the following:

  • 89-06: 53.21 g/t Au and 211.09 g/t Ag over 5.5 meters
  • 94-15: 113.68 g/t Au and 121.77 g/t Ag over 3.0 meters
  • 94-26: 20.08 g/t Au and 1,250.83 g/t Ag over 3.0 meters
  • 95-36: 352.22 g/t Au and 194.64 g/t Ag over 2.9 meters
  • U96-02: 120.30 g/t Au and 2,434.84 g/t Ag over 3.5 meters

StrikePoint CEO, Shawn Khunkhun, states “StrikePoint’s aggressive drill program at this high-grade gold-silver system is the first for 25 years.   Our goal is to confirm the tenor of mineralisation defined by previous work. And secondly to expand the footprint of these outcropping zones. Our geological team has extensive experience working in the Golden Triangle which will allow us to efficiently assess and grow this neglected gold-silver system.  Surface mapping and sampling programs are underway, with the rock samples shipped for assay.  We are excited that prospective rocks with strong sulphide mineralization has been identified in areas of recently melted glaciers. “

Private Placement

The Company announces, further to its press release dated July 22, 2019, that it has closed a further and final tranche of its oversubscribed private placement of flow through shares at $0.16 per share and non-flow through units at a price of $0.11 per unit. A total of 1,562,500 flow through shares and 2,100,000 non-flow through units were issued in this tranche for aggregate gross proceeds of $481,000 in addition to the $2,090,500 previously raised, for a total of $2,571,500 in gross proceeds.

Each non flow through unit comprised one non-flow through share and one share purchase warrant, with each warrant exercisable at a price of $0.20 for a period of 36 months from closing.

In connection with this tranche of the financing, finders’ fees of $36,280 in cash and 273,000 finders’ warrants were paid to Eventus Capital Corp.. and $1,925 cash and 17,500 to Haywood Securities Inc.

The use of proceeds from the financing are for surface exploration and core drilling at the high-grade Willoughby gold property, located east of Stewart, B.C., in the Golden Triangle, as well as for general working capital.

The securities issued in connection with this final tranche of the financing are subject to a regulatory hold period expiring on December 1, 2019

Willoughby Project

The Project occurs along the eastern margin of the Cambria Icefield, approximately seven kilometres east of the advanced-staged Red Mountain Deposit that was recently acquired by Ascot Resources from IDM Mining and 20km northeast of StrikePoint’s Porter Silver Property. The Willoughby Property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of primarily pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold and. Eight gold and silver mineralized zones have been identified to-date over a one-kilometer strike-length mineralization trend.

Qualified Person

Marilyne Lacasse, P. Geo., is the Qualified Person as defined by National Instrument 43-101, has prepared and approved reviewed the technical data in this news release.

About StrikePoint

StrikePoint Gold is a gold exploration company focused on building high grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past producing high grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns portfolio of gold properties in the Yukon.

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date here of based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither the 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.

 

For more information, please contact:
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com

 

STRIKEPOINT GOLD INC. CLOSES $2,090,490 PRIVATE PLACEMENT

By | 2019, News, Uncategorized

Vancouver, British Columbia — July 22, 2019 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce that the company has closed its previously announced financing consisting of 6,945,000 flow-through units at a price of $0.16 per unit (the “FT Units”) and 8,904,545 non flow-through units (the “NFT Units”) at a price of $0.11 per unit for total gross proceeds of $2,090,489.96.  Each unit will be comprised of one share and one share purchase warrant, with each warrant exercisable at a price of $0.20 for a period of 36 months from closing.

In connection with the financing, finder’s fees of $42,151.55 cash and 263,447 finder’s warrants were paid to RedPlug Inc. and $1,554 cash and 11,900 to Haywood Securities Inc.

The Use of Proceeds from the financing are for surface exploration and core drilling at the high-grade Willoughby Gold Property, located east of Stewart, BC in the Golden Triangle, as well as for general working capital.

“StrikePoint is now fully funded for an imminent diamond drilling, targeting both the North and Willoughby zones at the high-grade gold Willoughby property.  These two zones are over 1,000m apart, exhibit geological similarities to both the Red Mountain and Premier Gold Deposit, and are wide open for Expansion. Surface exploration activities are underway on the property, including surface mapping and sampling, prior to drilling which is scheduled to commence within the week.” Shawn Khunkhun, StrikePoint CEO, remarked.

The securities issued in connection with the financing are subject to a regulatory hold period expiring on November 23, 2019.

Due to insider participation in the private placement, it is considered a related party transaction within the meaning of Multilateral Instrument 61-101 (“MI 61-101”).  The participation is exempt from the need to obtain minority shareholder approval and a formal valuation on the basis that insider participation is less than 25% of the Issuer’s market capital.

 

About StrikePoint

StrikePoint Gold is a gold exploration company focused on precious metal exploration and discovery in Canada. The company controls two exploration assets in BC’s Golden Triangle. The past producing high grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns portfolio of gold properties in the Yukon.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date here of based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither the 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.

 

For more information, please contact:
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com

 

STRIKEPOINT GOLD INC. ANNOUNCES 2019 PHASE 1 DRILLING AND SURFACE EXPLORATION PROGRAM AT THE HIGH-GRADE WILLOUGHBY GOLD PROPERTY

By | 2019, News

Vancouver, British Columbia — July 16 2019 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce plans its Phase 1 2019 exploration program of 1,000 metres of diamond drilling on their 100%-owned Willoughby property located near Stewart BC in British Columbia’s prolific Golden Triangle, seven kilometres east of Ascot Resource’s  advanced-stage Red Mountain Gold Project.

The objective of the Phase 1 program is to expand and test the North zone, following up and stepping out from multiple high-grade historic intercepts. Previous explorers, which included limited underground drifting and drilling was locally focused, dominantly within only 50 meters of surface.  Gold and silver mineralization at Willoughby is hosted within early-Jurassic volcanic and sedimentary rocks, associated with a ‘Goldslide Suite’ intrusive phase, similar to the adjacent Red Mountain Deposit,

Selected highlights from the North zone historical drill hole intercepts include the following:

  • 89-06: 53.21 g/t Au and 211.09 g/t Ag over 5.5 meters
  • 94-15: 113.68 g/t Au and 121.77 g/t Ag over 3.0 meters
  • 94-26: 20.08 g/t Au and 1,250.83 g/t Ag over 3.0 meters
  • 95-36: 352.22 g/t Au and 194.64 g/t Ag over 2.9 meters
  • U96-02: 120.30 g/t Au and 2,434.84 g/t Ag over 3.5 meters

StrikePoint CEO, Shawn Khunkhun, states

“The Golden Triangle is renowned for hosting some of the highest-grade gold deposits in the world. The Willoughby property’s historic grades are exceptional. It’s our goal to leverage the technical expertise of the newly appointed StrikePoint team to expand the high-grade historic intercepts. Previous exploration was limited to two areas, leaving an opportunity to increase the mineralization trend along strike and at depth.  The recently identified geological interpretation at the adjacent Red Mountain Deposit of post-mineralization high-amplitude folds has helped develop a new interpretation at Willoughby of folded, tabular mineralization.

In conjunction with diamond drilling, a surface mapping and prospecting program will be conducted in area of recent ice recession along the one-kilometer strike-length known mineralized trend. The surface work will commence immediately with drilling scheduled to follow by month end.

 

Willoughby project

The project occurs along the eastern margin of the Cambria Icefield, approximately 7 kilometres east of the advanced-staged Red Mountain Deposit that was recently acquired by Ascot Resources from IDM Mining. The property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary rocks that have been intruded by an early Jurassic-ageaged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of  primarily pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold and. Eight gold and silver mineralized zones have been identified to-date over a one-kilometer strike-length mineralization trend.

Qualified Person

Marilyne Lacasse, P. Geo., is the Qualified Person as defined by National Instrument 43-101 who prepared and approved reviewed the technical data in this news release.

About StrikePoint

StrikePoint Gold is a gold exploration company focused on building high grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past producing high grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns portfolio of gold properties in the Yukon.

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date here of based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither the 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.

 

For more information, please contact:
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com

 

 

STRIKEPOINT GOLD INC. ANNOUNCES UPSIZE OF ITS PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO $2 MILLION

By | 2019, News

Vancouver, British Columbia — July 10 2019 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce that the company has increased its previously announced non-brokered private placement (see news release dated June 24, 2019) to accommodate demand from existing shareholders. The offering has increased to $2-million, which consists of up to 6,875,000 flow through units at a price of 16 cents per unit and 8,200,000 non-flow through units at a price of 11 cents per share, with each unit comprising one share and one purchase warrant exercisable for a term of 36 months at a exercise price of 20 cents.

Shawn Khunkhun, CEO of StrikePoint, commented: “StrikePoint is very pleased with the high demand of investor interest for the offering and the company is now well positioned to execute a more aggressive exploration program at the high-grade gold Willoughby property.”

As disclosed on June 24, the company may pay finders’ fees to eligible parties which have introduced subscribers to the placement. All securities issued in connection with the placement will be subject to a four month and on day statutory hold period in accordance with applicable securities laws. Completion of the placement remains subject to the approval of the TSX Venture Exchange.

About StrikePoint

StrikePoint Gold is a gold exploration company focused on building high grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past producing high grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns portfolio of gold properties in the Yukon.

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date here of based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither the 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.

 

For more information, please contact:
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com

 

STRIKEPOINT GOLD INC. ANNOUNCES $1,500,000 PRIVATE PLACEMENT

By | 2019, News

Vancouver, B.C. June 24, 2019 StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) (the “Company” or “StrikePoint”) has arranged a non-brokered private placement, raising gross proceeds of up to $1,500,000 through the issuance of up to 6.875 million flow through units at a price of 16 cents per flow through unit and 3.637 million non-flow through units at a price of 11 cents per non-flow through unit. Each unit will be composed of one common share of the company and one common share purchase warrant. Each share purchase warrant will allow the holder to acquire an additional common share of the company at a price of 20 cents per share for a period of three years from the date of closing of the non-brokered private placement.

The company may pay finders’ fees to eligible parties which have introduced subscribers to the placement. All securities issued in connection with the placement will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. Completion of the placement remains subject to the approval of the TSX Venture Exchange.

StrikePoint Gold is an exploration and development company focused on high-grade precious metals properties in the Golden Triangle, British Columbia. The 2019 exploration season is focused on advancing the high-grade Willoughby Property, located 7 km’s east of Red Mountain, which was recently acquired by Ascot Resources.

Willoughby Facts:

  • Historic drill results have included 20.5 m grading 24.99 g/t gold and 184.22 g/t silver, and 11.7 m grading 40.11 g/t Au and 109 g/t Ag, both from the north zone target;
  • 13 m grading 13.37 g/t Au and 63.43 g/t Ag drilled in the main zone target;
  • Additional five target zones on the property have all returned significant gold and silver grades in drill core or channel samples at surface.
  • 4,625 meters of diamond drilling completed on the property in the early 1990s, which defined mineralization over a one-km strike length;
  • This trend remains open on either end, and recent deglaciation has exposed prospective ground that would have been inaccessible to previous explorers;

The technical information contained in this news release has been approved by Marilyne Lacasse, P. Geo.  Ms. Lacasse is a qualified person as defined in NI 43-101.

On Behalf of the Board of Directors of Strike Point Gold Inc.

Shawn Khunkhun,

CEO and Director

Tel:  (604) 602 1440

Email:  sk@strikepointgold.com

 

Neither the 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.

 

STRIKEPOINT GOLD INC. ANNOUNCES THE CREATION OF TECHNICAL ADVISORY COMMITTEE

By | 2019, News

Vancouver, B.C. June 13, 2019 StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) (the “Company” or “StrikePoint”) is pleased to announce the creation of a technical advisory committee to assist and provide technical guidance to the StrikePoint management team regarding all aspects of exploration and development of StrikePoint properties. StrikePoint welcomes Rob McLeod and Ryan Weymark as founding members of the Advisory Committee. They collectively bring to the Company a wealth of experience in various aspects of exploration and project development.

“As StrikePoint executes a strategy of building high grade gold and silver resources in the Stewart township, in the southern portion of B.C.’s golden triangle, this strong advisory team will add more depth to our management team as StrikePoint developments our advanced stage exploration assets. We are very fortunate to be in a position to leverage the knowledge and recent discovery and development success this team has experienced at Red Mountain which neighbors StrikePoint’s Willoughby and Porter Properties.”

Bios of the Technical Advisory Committee Members:

Rob McLeod

Mr. McLeod is a professional geoscientist with over twenty-five years’ experience in mining and mineral exploration, working for a variety of major and junior mining companies. He was most recently President and CEO of IDM Mining Ltd., that recently combined with Ascot Resources Ltd. (“Ascot”).  He is a third-generation miner. Born and raised in Stewart B.C., he has significant exploration and development experience, particularly at the Red Mountain Project which hosts similar geology to both the Willoughby and Porter properties of Strikepoint. Previously, he was founder and VP Exploration of Underworld Resources. Kinross Gold Corporation acquired Underworld for $140M after an initial resource estimate of over 1.4Moz gold at the White gold Deposit in the Yukon. He is a highly technical, creative and innovative exploration geologist. He was also VP Exploration and CEO of Full Metal Minerals Ltd., an Alaska-focused exploration company with numerous discoveries to his credit. Mr. McLeod’s exploration strategy is a multi-tiered approach, including: conceptual geologic ideas with prospecting, early-stage project advancement focusing on discovery, and advancing mid-stage projects towards feasibility. As an exploration geologist and project manager at Miramar’s Hope Bay project, Mr. McLeod was part of the team that discovered the Naartok deposit, as well as expanding and delineating the Boston and Doris deposits. He was previously Vice-President of Exploration for Atna Resources and is currently an independent director of Gold Standard Ventures.  He is a graduate of Geology from the University of British Columbia, with a M.Sc. in Mineral Exploration from Queens University.  He is an active volunteer in the mining industry, as Vice-Chair of AME-BC, and as a director of the Britannia Mine Museum.

Ryan Weymark

Ryan Weymark, P. Eng. is an energetic Professional Engineer (P. Eng.) with experience in mining, heavy civil and infrastructure projects. Ryan has experience working on projects as a consultant, contractor and owner’s representative at various stages, from pre-feasibility through to completion. Mr. Weymark is the Principal of Weymark Consulting, providing project management services to the resource sector, including Teck Alaska Corporation and Imperial Metals.

Ryan worked for IDM Mining as Vice President – Project Development, until the acquisition by Ascot in March 2019.  Prior to joining IDM Mining, Mr. Weymark was a Project Manager with Ledcor Contractors Ltd. in the Heavy Civil and Mining Division. Prior to Ledcor, Ryan worked for Teck Resources Ltd. in various project and operational roles, including Mine Construction Project Manager for the Line Creek Phase II Expansion Project and Project Engineer for the Quintette Coal Operations Project. Prior to Teck, Mr. Weymark worked for SNC-Lavalin Inc. in the Mining & Metallurgy Division on various feasibility and pre-feasibility studies. Mr. Weymark holds a B.A.Sc from the University of British Columbia in Mining and Mineral Processing and is a registered Professional Engineer with the Association of Professional Engineers and Geoscientists of British Columbia.

The company is announcing the grant of 1,700,000 incentive stock options to its directors, officers, consultants and/or employees pursuant to the Company’s stock option plan.  The options are exercisable for a period of five years at a price of $0.20 per share.

The Company also announces that it will be amending 2,050,000 existing stock options from an exercise price of $0.43 per share and the exercise price of 500,000 existing stock options from an exercise price of $0.30 per share to an exercise price of $0.20 per share.

On Behalf of the Board of Directors of Strike Point Gold Inc.

Shawn Khunkhun,

CEO and Director

Tel:  (604) 602 1440

Email:  sk@strikepointgold.com

 

Neither the 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.