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StrikePoint Gold

April 17, 2019
STRIKEPOINT ACQUIRES THE HIGH-GRADE WILLOUGHBY PROPERTY IN THE GOLDEN TRIANGLE

By | 2019, News

Vancouver, BC – April 17, 2019 – Further to its news release dated March 20, 2019, StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce that it has closed on the acquisition of the Willoughby Property from ArcWest Exploration.

The property is situated about 30 kilometres east of Stewart, B.C., and 20 kilometres northeast of Strikepoint’s Porter property.

Key factors at Willoughby include:

  • 4,625 metres of diamond drilling completed on the property in the early 1990s which defined mineralization over a one-kilometre strike length;
  • This trend remains open on either end, and recent deglaciation has exposed prospective ground that would have been inaccessible to previous explorers;
  • Historic drill results have included 20.5 metres grading 24.99 grams per tonne gold and 184.22 grams per tonne silver, and 11.7 metres grading 40.11 grams per tonne gold and 109 grams per tonne silver, both from the North zone target;
  • 13.0 metres grading 13.37 grams per tonne gold and 63.43 grams per tonne silver 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;
  • The site is drill ready and serviceable via the company’s existing camp at the Porter project. Exploration permits are under way, having been started by the previous property owners;
  • The closest nearby analogue to Willoughby is the Red Mountain deposit located seven kilometres to the west. Red Mountain has a National Instrument 43-101 mineral resource estimate of 1,827,900 tonnes of measured resources grading 8.92 grams per tonne gold, 943,400 tonnes of indicated resources grading 5.95 grams per tonne gold for a total of 704,600 ounces gold combined (June, 2018, resource update; Arsenault/Hamilton). Like Red Mountain, mineralization is focused along the contact with Jurassic-aged Goldslide intrusive rocks. Mineralization hosted on the adjacent properties is not necessarily indicative of the mineralization hosted on the Willoughby property. The company is not able to verify the results of the Red Mountain deposit and there can be no assurances that the company will obtain similar results from exploration activities on the Willoughby property.

The securities issued as part of this transaction with bear a restrictive legend expiring on August 16, 2019.

 

For further information please visit our website: www.strikepointgold.com

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun, CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

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.

April 8, 2019 STRIKEPOINT GOLD INC. ANNOUNCES CLOSING PRIVATE PLACEMENT

By | 2019, News

April 8, 2019, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (“StrikePoint” or the Company) is pleased to announce that it has completed a private placement raising $1,271,919.88 through the sale of 11,562,908 Units (the “Units”) at a price of $0.11 per Unit.  Each Unit consists of one common share and one share purchase warrant with each warrant being exercisable into one additional common share at a price of $0.20 per share until April 7, 2022.

Finder’s fees were paid to Haywood Securities (as to $3,396.80 in cash and 30,880 in finder’s warrants), PI Financial Corp. (as to $7,040 in cash and 64,000 in finder’s warrants) and Redplug Capital Corp. (as to $46,640 in cash and 424,000 in finder’s warrants).  The finder’s warrants are exercisable on the same terms as the unit warrants.

All securities issued in connection with the private placement are subject to a regulatory hold period expiring on August 9, 2019.

The proceeds from the private placement will be used by the Company for acquisitions, exploration and general working capital purposes.

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.

 

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

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.

March 20, 2019 STRIKEPOINT ACQUIRES THE HIGH-GRADE WILLOUGHBY PROPERTY IN THE GOLDEN TRIANGLE

By | 2019, News

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce the acquisition of the Willoughby Property from Sojourn Exploration. The property is situated about 30 kilometers east of Stewart, British Columbia, and 20 kilometers northeast of StrikePoint’s Porter Property.

StrikePoint CEO, Shawn Khunkhun comments “Acquiring Willoughby is another major milestone for StrikePoint. New geological interpretations in the area, specifically the adjacent Red Mountain deposit, which is subject to a $45 million dollar take over bid by Ascot Resources (AOT:TSX.V) usher in an era for new discovery throughout the golden triangle. StrikePoint shareholders are well positioned with 2 high grade precious metal properties within a direct shipping lane to Ascot’s Premiere Mine. We look forward to a future of growing our resource base through exploration and acquisitions.”

Key factors at Willoughby include:

 

  • 4,625 meters of diamond drilling completed on the property in the early 1990’s which defined mineralization over a one-kilometer strike length.

 

  • This trend remains open on either end, and recent deglaciation has exposed prospective ground that would have been inaccessible to previous explorers.

 

  • Historic drill results have included 20.5 meters grading 24.99 grams per tonne gold and 184.22 grams per tonne silver, and 11.7 meters grading 40.11 grams per tonne gold and 109 grams per tonne silver, both from the North Zone target.

 

  • 13.0 meters grading 13.37 grams per tonne gold and 63.43 grams per tonne silver 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.

 

  • The site is “drill ready” and serviceable via our existing camp at the Porter Project. Exploration permits are underway, having been started by the previous property owners.

 

  • The closest nearby analogue to Willoughby is the Red Mountain deposit located 7 kilometers to the west. Red Mountain has a NI 43-101 mineral resource estimate of 1,827,900 tonnes of measured resources grading 8.92 grams per tonne gold, 943,400 tonnes of indicated resources grading 5.95 grams per tonne gold for a total of 704,600 ounces gold combined (June 2018 Resource Update; Arsenault / Hamilton). Like Red Mountain, mineralization is focused along the contact with Jurassic-aged Goldslide intrusive rocks. Mineralization hosted on the adjacent properties is not necessarily indicative of the mineralization hosted on the Willoughby Property. The Company is not able to verify the results of the Red Mountain deposit and there can be no assurances that the Company will obtain similar results from exploration activities on the Willoughby property.

 

Strengthening Regional Mineral Inventory

 The acquisition of the Willoughby Property compliments the Porter Project and other ground staked in 2018 by strengthening the known mineral inventory and providing significant exploration upside all within a localized and accessible area of British Columbia.

StrikePoint’s Porter Project hosts a historical resource with 394,700 tonnes grading 868 grams per tonne silver in the Indicated category for a total of 11 million ounces of silver. The mineral reserve cited above is presented as a historical estimate and uses historical terminology which does not conform to current NI 43-101 standards. This historical estimate is believed to be based on reasonable assumptions, and neither the company nor its qualified person has any reason to contest the relevance and reliability of the historical estimate. However, a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based on reasonable assumptions, they were calculated prior to the implementation of National Instrument 43-101. These historical estimates do not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101; consequently, the Company is not treating the historical estimate as current mineral resources or mineral reserves.

The 2018 drilling campaign proved the grades used in the historic resource as well as making discoveries along neighboring vein systems and adding potential for resource growth in the future. In other areas of the land portfolio, our technical team identified a 200-meter long polymetallic vein on the Glacier Creek Property, significant propylitic alteration on the Boom Property and several Gold-Silver anomalies on the Big Nunataq.

The Willoughby Property provides an opportunity for exploration without significantly expanding established camp infrastructure or other overhead costs.

 

Terms of Acquisition

 Strikepoint will hold 100% of the Willoughby Property for an $85,000 cash payment and issuance of 3,000,000 common shares. Sojourn Exploration will retain a 1.5% Net Smelter Return, although this can be reduced by 0.5% for an additional $1,000,000 cash payment.

 

About the Golden Triangle

The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.

 

Qualified Person and NI 43-101 Disclosure

The technical content of this news release has been reviewed and approved by Andy Randell PGeo. who is a qualified person as defined by National Instrument 43-101.

 

StrikePoint Gold is a well-financed gold exploration and development company. The company controls a portfolio of gold properties in the Yukon and throughout Canada.

 

For further information please visit our website: www.strikepointgold.com

 

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun, CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

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.

Jan 16, 2019
SKP SIGNS LETTER OF INTENT TO ACQUIRE THE HIGH-GRADE GOLD WILLOUGHBY PROPERTY IN THE GOLDEN TRIANGLE FROM SOJOURN EXPLORATION

By | 2019

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased announce the signing of a Letter of Intent to acquire the Willoughby Property from Sojourn Exploration. The property is situated about 30 kilometers east of Stewart, British Columbia, and 20 kilometers northeast of StrikePoint’s Porter Property. Key factors include:

  • 4,625 meters of diamond drilling completed on the property between 1989 and 1995 which defined mineralization over a one-kilometer strike which remains open.

 

  • 20.5 meters grading 24.99 grams per tonne gold and 184.22 grams per tonne silver, and 11.7 meters grading 40.11 grams per tonne gold and 109 grams per tonne silver, both from the North Zone target.

 

  • 13 meters grading 13.37 grams per tonne gold and 63.43 grams per tonne silver 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.

 

  • Rapid deglaciation of the area has exposed new prospective ground that has not been explored since the last campaign in 1996.

 

  • The closest nearby analogue to Willoughby is the Red Mountain deposit located 7 kilometers to the west. Red Mountain has a NI 43-101 mineral resource estimate of 1,827,900 tonnes of measured resources grading 8.92 grams per tonne gold, 943,400 tonnes of indicated resources grading 5.95 grams per tonne gold for a total of 704,600 ounces gold combined (June 2018 Resource Update; Arsenault / Hamilton). Like Red Mountain, mineralization is focused along the contact with Jurassic-aged Goldslide intrusive rocks. Mineralization hosted on the adjacent properties is not necessarily indicative of the mineralization hosted on the Willoughby Property. The Company is not able to verify the results of the Red Mountain deposit and there can be no assurances that the Company will obtain similar results from exploration activities on the Willoughby property.

 

Strengthening Regional Mineral Inventory

The proposed acquisition of the Willoughby Property compliments the Porter Project and other ground staked in 2018 by strengthening the known mineral inventory and providing significant exploration upside all within a localized and accessible area of British Columbia.

StrikePoint’s Porter Project hosts a historical resource with 394,700 tonnes grading 868 grams per tonne silver in the Indicated category for a total of 11 million ounces of silver. The mineral reserve cited above is presented as a historical estimate and uses historical terminology which does not conform to current NI 43-101 standards. This historical estimate is believed to be based on reasonable assumptions, and neither the company nor its qualified person has any reason to contest the relevance and reliability of the historical estimate. However, a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based on reasonable assumptions, they were calculated prior to the implementation of National Instrument 43-101. These historical estimates do not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101; consequently, the Company is not treating the historical estimate as current mineral resources or mineral reserves.

The 2018 drilling campaign proved the grades used in the historic resource as well as making discoveries along neighboring vein systems and adding potential for resource growth in the future. In other areas of the land portfolio, our technical team identified a 200-meter long polymetallic vein on the Glacier Creek Property, significant propylitic alteration on the Boom Property and several Gold-Silver anomalies on the Big Nunatak.

The Willoughby Property provides an opportunity for exploration without significantly expanding established camp infrastructure or other overhead costs.

 

Terms of Acquisition

 Strikepoint will hold 100% of the Willoughby Property for an $85,000 cash payment and issuance of 3,000,000 common shares. Sojourn Exploration will retain a 1.5% Net Smelter Return, although this can be reduced to 0.5% for an additional $1,000,000 cash payment.

 

About the Golden Triangle

The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.

 

Qualified Person and NI 43-101 Disclosure

The technical content of this news release has been reviewed and approved by Andy Randell PGeo. who is a qualified person as defined by National Instrument 43-101.

 

For further information please visit our website: www.strikepointgold.com

 

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

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.

January 9, 2019
STRIKEPOINT GOLD INC. RELEASES DRILL RESULTS FROM THE PORTER PROJECT, BRITISH COLUMBIA, INCLUDING 5-METERS AT 819 GRAMS PER TONNE SILVER

By | 2019, News

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide results for the 2018 drilling campaign at their Porter Project in Stewart, northwestern British Columbia:

  • 4,304 meters of diamond drilling from surface completed on site in 2018, focusing on the Porter and Silverado historical mines.
  • Hole PIP18-010 intersected 5 meters silver at 819 grams per tonne between 68 meters to 73 meters depth along the D-Vein at Porter.
  • Other highlights include 1 meter at 2,241 grams per tonne silver in PIP18-012 along the Blind Vein and 2 meters at 637 grams per tonne silver.
  • PIP18-014 intersected 0.5 meters at 2,506 grams per tonne which appears to be a previously untested lower continuation of the D-Vein.
  • Intercepts along the Blind Vein are significant as this structure was not included in the 2012 resource calculation, yet it lies between the D- and Prosperity Veins (both used in the historical resource).
  • Drilling has upheld the grades used in the historical resource calculation and give further confidence in the 13-million-ounce silver reserve numbers.
  • For the first time in the history of exploration at this site, entire lengths of core have been assayed and as such has demonstrated extensive lower grade mineralization in smaller, sympathetic structures paralleling the main veins.
  • Drilling has highlighted mineralization along other structures outside of the historical resource area and decreased the ‘gap’ between the Porter and Silverado mines, showing potential for continuity under the peak of Mount Rainey.

 

Targeted Drilling Program

Drilling commenced at the Porter Project on August 16th, 2018 and concluded on September 22nd, 2018. A total of 4,304 meters of diamond core was retrieved using two rigs, with one focused on Porter (southern flank of Mount Rainey) and the second testing the northern Silverado veins. Twenty-five holes were completed during the campaign, with 22 from Porter and 3 at Silverado.

Drilling had four primary objectives to test the viability of the Porter project:

  • To test the grades encountered historically and therefore used in the 2012 resource calculation (specifically the D-Vein and Prosperity Vein)
  • Test for mineralization at depth along several undrilled veins on the Porter side of Mount Rainey (Blind, Wake and Angelo Veins)
  • Completion of holes to explore the possible extension of the Silverado Veins and their relationship to the system at Porter, 2-kilometers away.
  • To collect geological information in order to start building a geological model of the mountain and the mineralized systems

It is felt that each of these objectives was satisfactorily met by the 2018 drilling campaign.

 

2018 Results

The following table highlights results from each hole drilled in 2018, including the target and the relation to the historical resource estimate. All intervals greater than 30 grams per tonne silver and over 0.5 meters in width are reported.

Hole ID Target Included / Outside Resource From To  Grade
PIP18-001 Eastern extension of Angelo Vein Outside 56m 56.5m 0.5m at 58g/t Ag
85.5m 87m 1.5m at 44g/t Ag
PIP18-002 Western disseminated veins from Angelo Outside 57.5m 58m 0.5m at 220 g/t Ag
PIP18-003 Western disseminated veins from Angelo Outside No Significant Intervals
PIP18-004 Geological Hole Only Outside No intercepts (as expected)
PIP18-005 Possible blind extension of Angelo Vein Outside No Significant Intervals
PIP18-006 Wake / Angelo Vein Extensions Outside 75.5m 76m 0.5m at 51g/t Ag
PIP18-007 North extension of Wake Vein Outside 74.5m 75m 0.5m at 46g/t Ag
96m 97m 1m at 34g/t Ag
PIP18-008 South extension of Wake Vein Outside 21m 21.5m 0.5m at 40g/t Ag
PIP18-009 D-Vein Included 53m 55.5m 2.5m at 184g/t Ag, including 0.5m at 663g/t
63m 63.5m 0.5m at 146g/t Ag
PIP18-010 D-Vein Included 68m 73m 5m at 819g/t Ag
PIP18-011 D-Vein Included 68m 69.5m 1.5m at 87g/t Ag, including 0.5m at 230g/t Ag
98m 99.5m 1.5m at 66g/t Ag
PIP18-012 Blind Vein, south extension Outside 2.5m 4m 1.5m at 70g/t Ag
33.5m 34.5m 1m at 2241g/t Ag, including 0.5m at 3297g/t Ag (interval also have 1m at 6.2% Pb and 5% Zn)
92m 93.5m 1.5m at 40g/t Ag
107.5m 108m 0.5m at 98g/t Ag
168m 173.5m 5.5m at 50g/t Ag, including 1.5m at 98g/t Ag and 0.5m at 69g/t Ag
PIP18-013 Blind Vein Outside 22.5m 23.5m 1m at 42g/t Ag
34.5m 36.5m 2m at 43g/t Ag
PIP18-014 Blind Vein Outside 25m 30.5m 5.5m at 27g/t Ag, including 1.5m at 63g/t Ag
172m 174m 2m at 637g/t Ag, including 0.5m at 2507g/t Ag
PIP18-015 Blind Vein Outside No Significant Intervals
PIP18-016 Blind Vein Outside 14.5m 15.5m 1m at 90g/t Ag
PIP18-017 Blind Vein Outside 33.5m 35m 1.5m at 259g/t Ag
PIP18-018 Blind Vein Outside 14m 16m 2m at 190g/t Ag
36m 40m 4m at 84.5g/t Ag
PIP18-019 Prosperity Vein Included No Significant Intervals
PIP18-020 Honest John Vein (2018 Discovery) Outside 5m 7.5m 2.5m at 38g/t Ag
70m 70.6m 0.6m at 95g/t Ag
PIP18-021 Honest John Vein (2018 Discovery) Outside 1.23m 2.9m 1.67m at 58g/t Ag
PIP18-022 Honest John Vein (2018 Discovery) Outside 4.5m 6.5m 2m at 47g/t Ag
SIL18-001 Silverado Veins Outside 171.5m 173m 1.5m at 154g/t Ag
SIL18-002 Silverado Veins Outside 128m 132m 4m at 53g/t Ag
SIL18-003 Silverado Veins Outside No Significant Intervals

Discussion of Results

The results have reinforced the grades used in the 2012 resource calculation and so lend confidence to the overall resource. The 5-meter intercept of 819 grams per tonne silver along the D-Vein is inline with historical numbers and well above the 170 grams per tonne cut off grade used in the calculations. It also highlights that ore remains in the ground despite the historic mining activity on site.

No significant results were returned from the one drill hole at Prosperity apparently due to the angle of the hole not being steep enough to intercept the vein.

The Blind Vein lies between the D- and Prosperity Veins and had a total of seven drill holes targeted along sections in 2018. Each of these holes demonstrated mineralization, with only one (PIP18-015) having grades under 30 grams per tonne silver (and therefore reporting as ‘no significant intervals’). The Blind Vein was historically mined but was one of the last to be developed on the site, and so was not as exploited as the other two major veins on site.

The two other historically recognized veins (Wake, Angelo) at Porter also demonstrated mineralization although the veins intercepted were less coherent producing more disseminated, localized pockets of mineralization along a general trend. Such styles of mineralization are also noted along the major veins, so it is possible that richer sections remain at depth and are yet to be drilled.

At Silverado, several intercepts have proven the extension of the discrete vein systems although the grades were lower than anticipated. The nature of the Porter-Silverado system seems to show veins pinching and swelling with grades fluctuating along them, so mineralization of any level along the structure is very encouraging. Intercepts at Silverado are also stepped back around 150 meters from the furthest extents of the old workings, and so does show some continuity that could connect the Porter and Silverado systems.

Overall, the results show that silver mineralization is present throughout the project area and in a wider range of grades and ore bodies than previously thought.

 

Revising a Geological Model

Data collected from the drilling and surface mapping completed in 2018 is now being incorporated with decades of historical information and built into a three-dimensional geological model.

While this is still in the early phases, it is already showing that the original concept of five steeping dipping veins is oversimplified, and that several other geological mechanisms are at play that also form trap sites for mineralization.

Perhaps the most interesting concept currently is that the main D-Vein is part of a synclinal ‘bowl shape’ fold that encapsulates the Blind and Prosperity Veins. This structure would account for the historical veins encountered in the “H” and “I” Tunnels, and the newly discovered ‘Flat Vein / Honest John Vein” to the west of the historic Porter system. It also places the more disseminated Wake and Angelo veins on the outside of this structure and could explain the variation we see in structure and mineralogy.

The concept of mineralized ‘bowl shaped’ features is not unprecedented in the area, with the nearby Premier Mine (Ascot Resources) having a similar shaped structure hosting their main high-grade (gold) targets.

Work on the geological model is ongoing and is subject to change as more information is added to the dataset.

 

About the Golden Triangle

The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.

StrikePoint Gold is a well-financed gold exploration and development company. The company controls a portfolio of gold properties in the Yukon and throughout Canada.

 

QA/QC

The Company maintains a rigorous QA/QC program with respect to the preparation, shipping, analysis and checking of all samples and data from the properties. Quality control for field sampling and drill samples at the Company’s projects covers the complete chain of custody of samples, including sample handling procedures and analytical-related work, plus the insertion of standard and blank materials. The QA/QC program also includes data verification procedures. ALS Laboratories in Vancouver, Canada (ISO 17025:2005 accreditation) assayed all grab samples from the current field program using fire assay and ICP Mass Spectroscopy methods. Drill samples were processed by Bureau Veritas Labs in Vancouver, Canada (ISO9001:2008 accreditation).

 

The technical information contained in this news release has been approved by Andy Randell, P. Geo., Vice President, Exploration of StrikePoint Gold.  Mr. Randell is a qualified person as defined in NI 43-101.

 

For further information please visit our website: www.strikepointgold.com

 

 

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun, CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

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.

January 8, 2019
STRIKEPOINT GOLD INC. PROVIDES UPDATE ON YUKON EXPLORATION ACTIVITIES IN 2018

By | 2019, News

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide an update and summary for its Yukon assets on work completed in 2018.

Field operations were focused on the Golden-Oly and PDM targets along the North Canol Road in eastern Yukon about 300 kilometers northeast of Whitehorse.

Golden-Oly Highlights

  • Twenty-two grab samples from the 600-meter long Helios Vein, a 0.3 to 5 m wide polymetallic quartz vein, returned grades from 1 to 3.75 g.t Au, trace to 1,150 g.t Ag and one sample at 2.94% Cu
  • Diamond drilling at Colossus, with three holes completed totaling 682 meters. The original program included a fence of nine holes across the intrusion to text mineralization across the margins and within the granodioritic body itself but was cut short due to administrative delays in permitting from Yukon government.

PDM Highlights

  • 96 grab samples from the Babylon polymetallic sheeted quartz veins, returned grades from trace to 3.34 g/t gold, trace to 94.5 g/t silver and trace to 2.67 % copper.

CEO Comment

Shawn Khunkhun, CEO, says, “Our work in the Yukon during the last two field seasons has identified several occurrences of these mineralized sheeted vein systems on intrusive margins. They carry elevated gold, silver and copper grades.  But we’ve only scratched the surface and were disappointed that we could not complete our planned 2018 drilling campaign. The potential of this style of deposit remains to be defined, but the opportunity has been proven.”

The Helios Vein and Other Polymetallic Discoveries

The Helios Vein is a new discovery (originally reported on September 6th, 2018) on the western edge of the Colossus Target, which has so far been traced for 600 meters along a roughly north-south strike. The polymetallic vein is composed of quartz-arsenopyrite infilling factures that have formed in the carapace of the Colossus granodiorite intrusion.

A total of twenty-two samples were collected from the vein, with grades ranging from 1.005 to 37.5 grams per tonne gold and trace to 1150 grams per tonne silver. The highest grade silver sample also returned a value of 2.94% copper, although this is seen as being anomalous. Helios is a series of parallel sheeted polymetallic quartz veins that hosts massive sulfides and sulfosalts, including pyrite and arsenopyrite, with a collective vein width at surface ranging from thirty centimeters to five meters.

The Zeus target is a ‘sister’ intrusion that lies approximately 7-kilometers to the south of Colossus and represents another of the “Seven Wonders” targets. This intrusion is partially exposed, and our prospecting team has discovered quartz-vein material like that seen in the Helios Vein. To date a 60-meter strike length has been observed, with grab sample assays returned from 1.355 to 4.06 grams per tonne gold and from trace to 43.6 grams per tonne silver.

Drilling the Colossus Target

A diamond drill program was conducted at the Colossus target between 1st July 2018 and 10th July 2018. Three holes were completed to a total of 682m, although the original drill program was more expansive but cut short due to permitting delays imposed by Yukon.

Drilling started in the metasedimentary country rock to the west of the intrusion to test for polymetallic sheeted veins at depth before passing into the intrusion itself. Results from the drilling provided multiple sub-gram per tonne hits for gold within broad envelopes of arsenic-enriched sediments, typical of these systems. Highlights from the drilling are shown in the table below:

Hole ID From (m) To (m) Results
NUG18-001 188 189 1m at 1.4g/t Au
NUG18-002 34 35 1m at 1.84 g/t Au
NUG18-003 182 183 1m at 75g/t Ag
243.5 244 0.5m at 0.4g/t Au, 54.5g/t Ag and 0.3% Cu

Although these results exhibit sparse gold grades, these initial holes were a significant step out from the intrusion and on the margins of expected mineralization. The types of veins observed, and the presence of elevated arsenic and bismuth are typical signatures of intrusion related gold systems.

Due to permitting restrictions at the time, additional holes that would have intersected the Helios Vein and passed into the intrusion itself were not drilled this season.

The Babylon Target

The Babylon target lies within the PDM property and forms the western end of the Seven Wonders Trend. Like the other targets within the Golden-Oly property, Babylon is a large intrusion with mineralized sheeted veins around the periphery, dominated by gold and copper minerals.

Additional surface work was completed in 2018 to expand on the results from 2017. A total of 96 surface samples were collected during the season, with results from trace to 3.39g/t gold, trace to 94.5g/t silver and trace to 2.67% copper.

The combined 2017 and 2018 results highlight a strong copper-gold anomaly that is 500 meters by 500 meters in size, accompanied by intermittently mineralized veins projecting several kilometers out into the country rock.

Permitting Update and Future Work

Work has continued through 2018 to bring value to the Yukon portfolio, and in October Strikepoint was awarded Class 3 exploration permits for the Golden-Oly / PDM properties. In November, an additional Class 3 permit was awarded for the Pluto property in the Kluane area (although no work was undertaken on that property in 2018). Along with Mahtin in the Mayo-region, all major exploration targets within the Yukon portfolio now hold five-year exploration permits for work.

These permits will allow for additional drilling across all target areas, including completion of the test fence at Colossus and initial holes at PDM.

QA/QC

The Company maintains a rigorous QA/QC program with respect to the preparation, shipping, analysis and checking of all samples and data from the properties. Quality control for field sampling and drill samples at the Company’s projects covers the complete chain of custody of samples, including sample handling procedures and analytical-related work, plus the insertion of standard and blank materials. The QA/QC program also includes data verification procedures. ALS Laboratories in Vancouver, Canada (ISO 17025:2005 accreditation) assayed all grab samples from the current field program using fire assay and ICP Mass Spectroscopy methods. Drill samples were processed by SGS Labs in Burnaby, Canada (ISO9001:2008 accreditation).

About StrikePoint Gold

StrikePoint Gold is a well-financed gold exploration and development company. The company controls a portfolio of gold properties in the Yukon and has a flagship silver property in the Golden Triangle in British Columbia.

The technical information contained in this news release has been approved by Andy Randell, P. Geo., Vice President, Exploration of StrikePoint Gold.  Mr. Randell is a qualified person as defined in NI 43-101.

For further information please visit our website: www.strikepointgold.com

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

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.

Nov. 27, 2018
SKP DISCOVERS 200M POLYMETALLIC VEIN WITH SAMPLES GRADING UP TO 876 GRAMS PER TONNE SILVER, 10.8 GRAMS PER TONNE GOLD AND 12.5% ZINC ON GLACIER CRK PROPERTY, STEWART, BC

By | 2018, News, Uncategorized

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce significant surface sample results from a polymetallic vein on the Glacier Creek Property. This property is part of the land package with the Porter Project acquired from Skeena Resources (SKE:TSX.V) in July 2018.

 

This discovery lies 5.5 kilometers northeast of the historic Porter mine site and 4 kilometers east of Highway 37A. The Glacier Creek Property lies in an area of significant historical importance and hosted several mines during the early 20th Century, including the Dunwell and Black Bear Mines. Its lower elevation and local water supply offer Strikepoint the opportunity for an extended exploration season.

 

Wide Vein with Massive Sulphides

 

The new vein was observed along a strike length of 205-meters on the western side of Albany Creek. The vein was observed to be up to 2-meters thick on surface and consisted of brecciated mudstones flushed with quartz and massive sulphides, including pyrite, galena and sphalerite. The vein has a shallow dip of 30 degrees west, and remains open along strike.

 

A total of 18 surface samples were collected during a prospecting exercise on 22nd September 2018. The following table shows results for all samples collected.

 

Sample Number

 Source

Gold

(grams per tonne)

 Silver

(grams per tonne)

 Zinc

(percent)
X956805 Outcrop 0.7 – –
X956806 Outcrop 0.3 17.0 –
X956807 * Ore Pile 10.8 24.7 –
X956808 * Ore Pile 6.7 13.1 3.5
X956809 Outcrop 10.8 56.8 1.2
X956810 Outcrop 8 26.5 1.3
X956811 Outcrop 3.9 12.3 –
X956812 Outcrop 3.3 37.7 –
X956813 Outcrop 1.7 15.8 –
X956814 Outcrop 2.4 87.4 –
X956815 * Ore Pile 1.9 876.0 –
X956816 Outcrop  0.7 90.9 8.6
X956817 Outcrop 7.8 58.1 –
X956818 Outcrop 3.1 74.2 12.5
X956819 Outcrop 4.7 61.3 11.2
X956821 * Ore Pile 4.7 156.0 7.3
X956822 * Ore Pile 5.9 573.0 4.7
X956823 Outcrop 3.4 171.0 4.2

 

 

Historical Activity

 

The discovery lies in the same area as the historical “Ben Bolt” mine that was worked between 1910 and 1912. The site has remained unexplored for the intervening 100 years. The most recent report on the mine was made by Dr. A. C. Skerl in 1955 following a site visit that same year. The report details that 1,600 feet (490 meters) of hand-driven underground workings were excavated in the two years of operation, and that the “whole of the workings are within a large quartz vein that is at least 200 feet (61m) thick”.

 

The Ben Bolt mine lies along a geological trend known as the Portland Canal Fissure Zone, a regional structure with the same trend as the Silverado – Porter – Big Nunatak target zones.

 

Other historic mines along this trend have also shown significant ore bodies, with the Dunwell Mine perhaps being the most famous, which produced 45,657 tonnes average 14.3 grams per tonne gold equivalent.  Drilling by America Creek Resources Ltd. (AMK: TSX.V) at Dunwell in 2010 indicated a zone at least 300-meters long and 200-meters along dip with a true thickness of 6 to 7 meters.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019 Drilling Target

 

The vein at Ben Bolt has never been drilled and as no exploration work has been undertaken since 1912 it represents a major new target for exploration in 2019. The surface strike length remains open to the northwest and the southeast, with approximately 1.6 kilometers of the Portland Canal Fissure Zone continuing to extend to the northern property boundary. The lower elevation and presence of Albany Creek has the potential for extend the exploration season within the entire Porter Project package.

 

About the Golden Triangle

 

The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.

 

StrikePoint Gold is a well-financed gold exploration and development company. The company controls a portfolio of gold and silver properties in the Yukon, British Columbia and throughout Canada.

 

QA/QC

 

The Company maintains a rigorous QA/QC program with respect to the preparation, shipping, analysis and checking of all samples and data from the properties. Quality control for field sampling and drill samples at the Company’s projects covers the complete chain of custody of samples, including sample handling procedures and analytical-related work, plus the insertion of standard and blank materials. The QA/QC program also includes data verification procedures. ALS Laboratories in Vancouver, Canada (ISO 17025:2005 accreditation) assayed all grab samples from the current field program using fire assay and ICP Mass Spectroscopy methods.

 

The technical information contained in this news release has been approved by Andy Randell, P. Geo., Vice President, Exploration of StrikePoint Gold.  Mr. Randell is a qualified person as defined in NI 43-101.

 

For further information please visit our website: www.strikepointgold.com

 

 

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun, CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

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.

Nov. 12, 2018
SKP DISCOVERS SIGNIFICANT NEW POLYMETALLIC VEIN ON SURFACE AT PORTER WITH ASSAYS UP TO 43.6 OUNCES PER TONNE SILVER, 0.54 OUNCES PER TONNE GOLD AND 28.8% PER TONNE ZINC

By | 2018, News, Uncategorized

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce the discovery of a significant new vein at the Porter Project near Stewart, British Columbia.

 

Significant Step Out from Historic Porter Resource

The new vein has been observed along a 275-meter strike on surface in an area that until the last decade would have been obscured by year-round snow cover. Thirty-two samples were collected from the area which lies approximately 800-meters to the west of the historic Porter resource area, with assays ranging from trace to 43.6 ounces per tonne silver, trace to 0.54 ounces per tonne gold. Significant zinc was also found, from trace to 28.8% per tonne.

Strikepoint CEO Shawn Khunkhun comments “This is one of the most exciting discoveries following this seasons exploration work as it helps prove the existence of significant, untested mineral veins outside of the historical resource area. Our mandate was to prove upside for the deposit, and this discovery is a major step towards that goal.”

The table below shows sample highlights:

Sample ID Ag

(grams per tonne)

 Au

(grams per tonne)

 Zinc

(percent)
X956153 250 16.7 (0.54 tr.oz) –
X956577 1355 (43.6 tr.oz) 0.51 28.8
X956160 677 7.04 –
X956164 619 0.52 0.67
X956152 555 – 0.88
X956166 245 3.75 –
X956165 212 – –
X956578 182 7.04 0.3
X956591 137 2.09 –
X956576 132 – 1.92
X956163 126 – 0.21
X956579 120 3.83 0.26
X956151 – – 1.93
X956155 – – 0.41
X956162 – – 0.41
X956575 – – 0.43

 

New Geological Potential

 

Samples were collected from a newly exposed shallow dipping quartz breccia vein along a 275-meter strike. Several other ‘Flat Veins’ have been observed during the summer, including high-grade samples from Silverado and the Porter areas. A preliminary interpretation connects these veins, forming one large structure that circles and cuts through Mount Rainey. The angles the veins dip at suggest that they converge and form a ‘bowl’ shaped fault that passes under the entire mountain, somewhat like the structures observed at Ascot Gold ‘Premier Mine’ located 25 kilometers to the northwest. This new ‘flat vein’ ranges from 30 centimeters to 1 meter in thickness, but the mineralization extends into the brecciated and altered halo around the contact sometimes for several meters.

This structure contrasts with the steeply dipping veins that were historically mined at Porter and Silverado that appear to have formed within fold hinges and shear zones.

The results are also highlighting a potential change in the geochemical potential of the veins, with gold becoming more significant to the west whilst silver dominates to the east.

2019 Drilling Target

This new vein is a significant target for drill testing in 2019. Diamond drilling will also allow exploration of the connecting area that is currently obscured by a shallow 650-meter wide patch of ice, all of which is covered under the existing exploration permit.

 

About the Golden Triangle

The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.

 StrikePoint Gold is a well-financed gold exploration and development company. The company controls a portfolio of gold and silver properties in the Yukon, British Columbia and throughout Canada.

 

QA/QC

The Company maintains a rigorous QA/QC program with respect to the preparation, shipping, analysis and checking of all samples and data from the properties. Quality control for field sampling and drill samples at the Company’s projects covers the complete chain of custody of samples, including sample handling procedures and analytical-related work, plus the insertion of standard and blank materials. The QA/QC program also includes data verification procedures. ALS Laboratories in Vancouver, Canada (ISO 17025:2005 accreditation) assayed all grab samples from the current field program using fire assay and ICP Mass Spectroscopy methods.

The technical information contained in this news release has been approved by Andy Randell, P. Geo., Vice President, Exploration of StrikePoint Gold.  Mr. Randell is a qualified person as defined in NI 43-101.

 

For further information please visit our website: www.strikepointgold.com

 

 

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

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.

Nov. 7, 2018
PRELIMINARY PROSPECTING AT THE BIG NUNATAK RETURNS 427 GRAMS PER TONNE SILVER AND 0.7% COPPER. ESTABLISHES A 10-KILOMETER-LONG MINERAL TREND

By | 2018, News, Uncategorized

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce results from initial prospecting at the “Big Nunatak” on the Porter Project near Stewart, British Columbia.

 

New ‘On Trend’ Discovery

A total of thirteen samples were collected on the Nunatak during initial prospecting in September. Samples were collected from quartz veins, sulphide-rich Jurassic-aged mudstones and contact zones with intrusive material from the Goldslide / Hillside Suite. Highlighted assays are shown in the table below.

 

Sample ID Ag (g/t) Cu (%) Description
X956853 427 Trace Mudstone / siltstone with blebs of pyrite, found close boundary with intrusive dyke.
X956598 109 0.78 Tuffaceous mudstone with blebs of pyrite and malachite, proximal to intrusive dyke.
X956854 199 Trace Tuffaceous mudstone with semi-massive, fine grained pyrite blebs proximal to intrusive dyke.

 

This new sampling from Big Nunatak supports the establishment of a ten-kilometer-long mineralized trend running through the historic Silverado and Porter mines to the newly acquired Big claim block.

This first batch of samples ranged from trace to 427 grams per ton silver and covered an area of 150 meters by 120m.  An additional 45 samples were collected from a wider area. Results are pending.

 

Similarities to Other Local Mines

The geology of the Big Nunatak is strikingly like that found at the Red Mountain Mine (IDM Mining) which is approximately six kilometers to the northeast. The host rocks are Jurassic-aged sedimentary / volcaniclastic units from the Hazelton Group intruded by early Jurassic intrusions of the Hillside and Goldslide Porphyries.

The main ore zones at Red Mountain are found in the core of the Bitter Creek Anticline as sulphide-rich stockwork vein systems, primarily pyrite.

Strikepoint’s recent sampling and these initial results contribute to the understanding and potential of the Big Nunatak and the extensive mineralized trend within the Company’s thirty square kilometer property package.

 

Property Acquisition

The Big Property was acquired along with the Bada and Boom areas in September 2018 (see news release dated 12th September 2018) due to their potential to host additional mineralization and to expand the land holding beyond the initial Porter Project. The primary feature at Big is the Nunatak, an area of open rocky ground projecting from the Cambria Icefield.

 

 

About the Golden Triangle

The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.

 StrikePoint Gold is a well-financed gold exploration and development company. The company controls a portfolio of gold and silver properties in the Yukon, British Columbia and throughout Canada.

 

QA/QC

The Company maintains a rigorous QA/QC program with respect to the preparation, shipping, analysis and checking of all samples and data from the properties. Quality control for field sampling and drill samples at the Company’s projects covers the complete chain of custody of samples, including sample handling procedures and analytical-related work, plus the insertion of standard and blank materials. The QA/QC program also includes data verification procedures. ALS Laboratories in Vancouver, Canada (ISO 17025:2005 accreditation) assayed all grab samples from the current field program using fire assay and ICP Mass Spectroscopy methods.

The technical information contained in this news release has been approved by Andy Randell, P. Geo., Vice President, Exploration of StrikePoint Gold.  Mr. Randell is a qualified person as defined in NI 43-101.

 

For further information please visit our website: www.strikepointgold.com

 

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

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.

Oct. 16, 2018
STRIKEPOINT GOLD INC. PROVIDES AN UPDATE ON ACTIVITY AT THE PORTER PROJECT, STEWART, BRITISH COLUMBIA

By | 2018, News, Uncategorized

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide the following update for the Porter Project in Stewart, British Columbia, the highlights of which include:

 

  • Over 4,000 meters of diamond drilling across two major target zones
  • Establishment of a permanent 20-person camp on site
  • Addition of the Handsome Jack, Big, Bada and Boom claims to incorporate new potential targets being exposed by retreating ice and become a major land holder in the Stewart area. This increases the exploration area from the original 8 square kilometers to 33 square kilometers.
  • Collection of 396 surface samples across the project area and with extensive geological mapping
  • Completion of engineering, environmental and safety projects to compliment the exploration permit
  • Acquisition of hyperspectral imagery and other data to help build a geological model and generate new targets to support and expand mineral resources

 

An Aggressive Timeline

A Letter of Intent to acquire the Porter (Idaho) Project from Skeena Resources Limited (TSX.V:SKE) was signed on May 2nd 2018, with the acquisition taking place on July 16th 2018. In the 12-weeks since mid-July, Strikepoint has established a permanent 20-person camp, added 20.5 square kilometers of new prospective ground and completed 4,304 meters of diamond drilling across several targets on the property. Staff have also completed engineering and environmental studies to compliment the exploration permit.

 

Expanded Drilling Program

The initial drill plan for the Porter Project consisted of a single diamond drill exploring a variety of targets around the old Porter-Prosperity Mines. Targets were developed to either intersect historical veins and therefore confirm grades from previous campaigns; to gather purely geological and structural information to aid in the development of a new geological model or to test possible extensions to veins outside of the historical resource area.

The drilling commenced on August 16th 2018, and a total of twenty one holes were drilled from six pads in and around the Porter-Prosperity area. Drilling multiple holes from a single drill pad allowed maximum efficiency in the terrain whilst providing enough data to project geological results in a three-dimensional environment.

On September 13th, 2018, a second diamond drill was added to the program to allow exploration of the Silverado target. This area was also the site of historical mining, but little to no exploration work had been completed. The long-standing idea is that Silverado and Porter are connected systems that lay two kilometers apart and are obscured by ice cover on the peak of Mount Rainey. A total of three holes were drilled from two pads set back from the old workings to collect geological information as well as test for additional mineralization.

A total of 4,304 meters were drilled between the Porter-Prosperity and Silverado targets during a five-week period. Samples have been sent to SGS Labs in Burnaby, British Columbia for assaying and results are pending.

 

Building A Major Land Package

On July 16th, 2018, Strikepoint acquired the Handsome Jack property from Trifecta Gold Limited. The Handsome Jack property is contiguous with the eastern border of the Porter Project and shows potential for parallel vein systems like those within the Porter-Prosperity area. One of these, the Melvin Vein, was briefly mined in the 1920’s and is thought to be an extension of the Angelo Vein on the Porter Property. Amalgamating these two projects allows the development of a unified model and the inclusion of ore veins that were outside of the original resource calculation.

Strikepoint then added an additional 20.5 square kilometers of land on September 12th, 2018 with the acquisition of the Big, Bada and Boom claims. These were previously unclaimed areas of ground that were exhibiting potential for mineralization in areas where ice has recently retreated around the periphery of the Cambria Icefield.

One of these new targets is the “Big Nunatak”, which is effectively a mountain currently being exposed within the Cambria Icefield, approximately eight kilometers southeast of Porter. The lithology consists of Jurassic-aged mudstones hosting pyrite mineralization, which manifests as large gossanous zones at surface. The exposure lies close to the Triassic- Jurassic lithological boundary, locally known as “The Red Line” and is known to host many of the major deposits of the area. Initial observations include the comparison to the outcrops at IDM Mining’s “Red Mountain” Mine, located eight kilometers to the northeast of the Nunatak. Field work was undertaken on this new target area and a total of 47 surface samples were collected for assaying, the results of which are pending.

 

Extensive Surface Work

A dedicated team of geologists spent a significant amount of time on the site collecting geological data from surface. Much of the existing information was collected from the 1920’s and the 1980’s and needed to be “ground truthed” in the field for accuracy.

A total of 396 samples were collected from all areas of the project, with the focus being on the Porter and Silverado targets. There are currently 144 assays pending.

The initial results were released on September 18th, 2018 and included assays up to 1,425 ounces per ton of silver from samples collected around Silverado.

This geochemical sampling program is the most comprehensive program that the Porter Project has seen and takes in new areas that are being exposed through receding glaciers. A profile is developing that shows the potential for gold and copper mineralization within the project area as well as the expected silver.

All data from surface work, historical maps and the 2018 drilling program will be incorporated into a new geological model that will be generated over the off-season.

 

Establishing A Permanent Camp

The Porter Project had no existing infrastructure to support an exploration project, and as such a camp was built by Matrix to the south of the historical workings. It was decided to use a series of metal-sided buildings and weather havens to allow extended use of the camp in future years, and to provide adequate protection from snow and rockfalls for onsite staff. These buildings will also allow for a rapid deployment to site in the spring thus making the absolute most of the exploration season.

 

Other Value Adding Studies

The exploration permits for the site were taken over from Skeena who applied for them in 2017 / 2018. Several aspects of this permit had to be fulfilled, including a slope stability and avalanche potential study. Strikepoint also brought an independent mining engineer to site to assess the underground workings for potential access in 2019.

In September 2018, the site was passed over by a series of satellites that compiled a hyperspectral study of the Porter-Prosperity, Silverado, Handsome Jack and Glacier Creek sites. These studies help identify mineralization, alteration and significant geological units through sensitive changes in the light spectrum. Information from this study will allow for the application of the geological model over a project sized area and help identify exploration targets for 2019.

 

Off Season Work

The plan going forwards will be to compile all the data collected in 2018 and incorporate this with a collection of historical data and maps that have been curated over the summer. This will form one of the most comprehensive studies of the project area, which will then be used to generate a new three-dimensional geological model, thus delineating targets for future exploration activity.

Efforts will also begin to gain permits to drill for areas that are currently outside of the Porter-Silverado boundary. This will include Handsome Jack, Glacier Creek and the Big Nunatak which have all shown promise from work undertaken during 2018. A series of post-season and assessment reports will be authored and filed with the BC Government as is standard

Assays results will continue to be processed and released in due course for the drill program. Complimentary studies of mineralogy and metallurgy will parallel these results to update and confirm the information held in the historical resource.

Onsite activity is planned to perform snow monitoring and control measures through the winter to increase the knowledge of year-round conditions at the project site, to protect assets and to allow the earliest possible access to the camp in the spring.

Please refer to the Strikepoint Website for property maps, results and drill plans.

 

 

About the Golden Triangle

The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.

 StrikePoint Gold is a well-financed gold exploration and development company. The company controls a portfolio of gold properties in the Yukon and throughout Canada.

 

QA/QC

The Company maintains a rigorous QA/QC program with respect to the preparation, shipping, analysis and checking of all samples and data from the properties. Quality control for field sampling and drill samples at the Company’s projects covers the complete chain of custody of samples, including sample handling procedures and analytical-related work, plus the insertion of standard and blank materials. The QA/QC program also includes data verification procedures. ALS Laboratories in Vancouver, Canada (ISO 17025:2005 accreditation) assayed all grab samples from the current field program using fire assay and ICP Mass Spectroscopy methods. Drill samples were processed by Bureau Veritas Labs in Vancouver, Canada (ISO9001:2008 accreditation).

 

The technical information contained in this news release has been approved by Andy Randell, P. Geo., Vice President, Exploration of StrikePoint Gold.  Mr. Randell is a qualified person as defined in NI 43-101.

 

For further information please visit our website: www.strikepointgold.com

 

 

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

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.