StrikePoint Gold Extends Willoughby Mineralized Trend: 9.88 metres of 4.95 g/t Au Equivalent

Vancouver, British Columbia — March 2, 2022, StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP: TSX.V)(STKXF: OTCQB) is pleased to announce the results from the remaining 13 holes of the 2021 diamond drill program at the 100%-owned Willoughby property, located near Stewart in British Columbia’s prolific Golden Triangle. The 2021 drilling program was designed to further narrow the gaps between the seven high-grade mineralized zones within the Willoughby nunataq and explore northeast, one kilometre across the Willoughby glacier at the Willow zone which displays high-grade analog mineralization. Assays were previously announced from the initial four drill holes on December 9, 2021. Assays are still pending from surface sampling on the Willoughby Property. In 2021, 4,050 metres of drilling was completed in seventeen holes as well as 129 metres of surface chip channel samples were completed at both the Icefall and Edge zones following up on 2020 surface results and in-field observations. 

Drilling was successful in extending the 1,300m long high-grade gold and silver mineralization trend on the northern end at the Willow Zone, the northernmost limit of drilling to date on the Property. Mineralization is wide open for expansion. Highlights from the Willow Zone include:

    • W21-115 : 4.95 g/t AuEq over 9.88 m and 10.93 g/t AuEq over 1.50 m within a broader interval of 2.76 g/t AuEq over 26.50 m 
    • W21-116 : 11.26 g/t AuEq over 3.00 m and 2.61 g/t AuEq over 4.00 m
    • W21-123 : 3.07 g/t AuEq over 3.00 m 
    • W21-124 : 37.19 g/t AuEq over 0.50 m 

Drilling on the Willoughby nunatak bridged the gap in mineralization between the Wilby and North zones and confirmed continuity of the mineralized horizon at the Edge zone. Edge zone results include: 

    • W21-117 : 2.76 g/t AuEq over 6.50 m and 10.16 g/t AuEq over 1.50 m within a broader interval of 1.92 g/t AuEq over 19.50 m
    • W21-118 : 2.52 g/t AuEq over 3.00 m within a broader interval of 0.97 g/t AuEq over 10.00 m
    • W21-119: 3.25 g/t AuEq over 3.50 m within a broader interval of 1.54 g/t AuEq over 9.00 m
    • W21-120: 3.38 g/t AuEq over 3.00 m within a broader interval of 1.20 g/t AuEq over 17.00 m 

“Willoughby continues to deliver discoveries of different styles of gold-silver mineralization. The concentration of sulphides encountered at Willow is truly impressive, even by Golden Triangle standards. Receipt of these high-grade assays at the margins of the replacement-style massive sulphides will allow us to target expansion drilling to the north, south, and down-dip mineralization during the 2022 field season,” said Shawn Khunkhun, President and CEO of StrikePoint Gold. 

Figure 1. Overview Map of Willoughby’s Mineralized Zones

Willow Zone

The Willow zone is the northernmost limit of mineralization drilled on the Willoughby property to date, separated by approximately 850 metres from the North Zone by the Willoughby glacier. In 2021, seven holes were completed from two pads in the Willow Zone. The drilling explored extensions of the mineralization trend, followed up on the 2020 surface results and an outlined north-northwest striking, steep westerly dipping structure analog to the faults observed at the Willoughby nunataq linked with bonanza gold and silver grades. 

Figure 2. 2021 Willoughby Drilling – Willow zone drill holes plan view map

The drilling defined mineralization at the Willow zone further to the northeast of the known zone and confirmed close similarities with the mineralization observed on the nunataq in the five other mineralized zones (Wilby, Edge, Wilkie, Upper & Lower Icefall). Drill Hole W21-115 intersected 4.95 g/t AuEq over 9.88 metres and 10.93 g/t AuEq over 1.5 metres, within a broader interval of 2.76 g/t AuEq over 26.50 metres drilling northeast under the Willoughby ice sheet extending the Willoughby mineralization trend 150 metres to the north-east. From the second drill pad, drill hole W21-122 to W21-124 targeted mineralized contact between the Jurassic volcanic rock package and the dioritic intrusion. W21-123 intersected 3.07 g/t AuEq over 3.00 metres, and W21-124 intersected 37.19 g/t AuEq over 0.50 metres. Mineralization observed consisted of massive pyrite with sphalerite-chalcopyrite in limestone near-surface and intersected gold mineralization occurring proximal to Goldslide intrusion suite linked to mineralization at Ascot Resources’ Red Mountain Deposit, located seven kilometres west of Willoughby. The intrusive dykes to sills are interpreted to pool gold-bearing sulphides in the permissive Jurassic-aged rocks creating wide areas of disseminated gold-silver mineralization. 

Figure 3: Massive replacement-style pyrite, sphalerite, chalcopyrite in contact with dioritic intrusive analog to the Goldslide intrusive at the Willow Zone in hole W21-115 grading 4.95 g/t AuEq over 9.88 m.

W21-116 intersected 11.26 g/t AuEq over 3.00 metres and 2.61 g/t AuEq over 4.00 metres mineralized intervals are within a fault breccia with strong pyrite cement interpreted to be the down-dip extension along strike of the north-northwest fault mapped at the surface during the 2020 surface program. These mineralized intercepts extend the Willow north structure, 100 metres southeast under the Willoughby ice sheet. 

Figure 4: Fault breccia with strong pyrite cement in hole W21-116 grading 2.08 g/t AuEq over 10.00 m

Edge Zone

At the Edge zone, significant gold mineralization was encountered in five drill holes completed from the same pad, 1000m south of Willow. The Edge zone is one of seven significant mineralized areas discovered to date on the Willoughby nunataq. 

Figure 5. 2021 Willoughby Drilling – Edge zone drill holes plan view map

The 2021 drilling program at the Edge Zone was designed to step out from and extend gold mineralization along strike from the high-grade encountered during the 2020 surface program (news release December 14, 2020, up to 37.3 g/t Au & 263 g/t Ag in new areas of massive sulphide and veining). W21-117 intersected 2.76 g/t AuEq over 6.50 metres and 10.16 g/t AuEq over 1.5 metres within a broader interval of 1.92 g/t AuEq over 19.50 metres and W21-120 intersected 3.38 g/t AuEq over 3.00 metres within a broader interval of 1.20 g/t AuEq over 17.00 metres. The mineralization intersected in these holes consists of replacement-style sulphides within permeable lapilli tuff strata of the Early Jurassic lower Hazelton group. Mineralization is concordant with bedding and ranges from semi-massive to massive pyrite with accessory sphalerite-chalcopyrite. Goldslide suite dioritic intrusive sills are observed in proximity to the zone. 

Figure 6. Edge zone mineralization in hole W21-120 on the Willoughby nunataq grading  3.38 g/t AuEq over 3.00 m within a broader interval of 1.20 g/t AuEq over 17.00 m.

Future drilling planned for 2022 will step out in all directions from 2021 intercepts at Willow zone and along the mineralized trend on the Willoughby nunataq with a focus between Icefall, Wilby, and Edge zones. Exploration drilling will focus on the unexplored gap between Willow and the North zone as the extension of the mineralized trend to the south of the property.

Hole-ID

Zone

From (metres)

To (metres)

Length (metres)

Gold (g/t)

Silver (g/t)

AuEq (g/t)

W21-112

Icefall

Abandoned at 8.00 m due to poor ground conditions

W21-113

Willow

3.00

5.00

2.00

1.04

17.50

1.29

99.00

99.50

0.50

4.49

32.20

4.95

W21-114

Willow

40.60

61.00

20.40

0.41

3.31

0.46

74.00

75.50

1.50

1.26

2.40

1.30

W21-115

Willow

5.00

6.50

1.50

0.61

18.20

0.87

24.50

51.00

26.50

2.39

26.26

2.76

26.00

27.50

1.50

8.82

148.00

10.93

36.12

46.00

9.88

4.44

35.72

4.95

W21-116

Willow

2.00

12.00

10.00

1.77

21.77

2.08

23.00

27.00

4.00

2.15

32.05

2.61

75.50

78.50

3.00

8.54

190.60

11.26

W21-117

Edge

27.00

32.00

5.00

0.76

3.96

0.82

67.50

87.00

19.50

1.90

1.84

1.92

67.50

74.00

6.50

2.71

3.84

2.76

85.50

87.00

1.5

10.15

0.80

10.16

W21-118

Edge

71.00

81.00

10.00

0.95

1.88

0.97

71.00

74.00

3.00

2.47

3.97

2.52

W21-119

Edge

69.00

78.00

9.00

1.52

1.14

1.54

74.50

78.00

3.50

3.22

2.11

3.25

W21-120

Edge

69.00

86.00

17.00

1.18

1.03

1.20

73.00

76.00

3.00

3.33

3.10

3.38

W21-121

Edge

74.50

75.50

1.00

1.66

1.50

1.68

74.50

84.00

9.50

0.37

0.67

0.38

W21-122

Willow

113.50

115.00

1.50

0.84

0.70

0.85

139.00

140.00

1.00

2.85

3.20

2.90

W21-123

Willow

103.50

106.50

3.00

3.01

4.48

3.07

173.50

175.00

1.50

1.33

0.60

1.34

W21-124

Willow

102.50

103.00

0.50

36.90

20.00

37.19

150.84

153.50

2.66

0.77

10.42

0.92

Table 1: Highlight drill intercepts from oriented core diamond drilling at the Willoughby projectGold equivalent grade calculated using a 70:1 Ag: Au ratio.

**True widths are not known at this time. All widths reported are drilled widths.

Hole ID

Easting

Northing

Elev.

Azimuth

Dip

Length

W21-112

6202848

463372

1588

150

-75

8

W21-113

6204205

463520

1845

200

-55

398

W21-114

6204205

463520

1845

235

-65

216

W21-115

6204198

463520

1775

25

-60

203

W21-116

6204198

463520

1775

145

-65

301

W21-117

6202874

463429

1600

70

-65

200

W21-118

6202874

463429

1600

75

-65

200

W21-119

6202874

463429

1600

80

-65

208

W21-120

6202874

463429

1600

85

-65

219

W21-121

6202874

463429

1600

90

-65

201

W21-122

6204284

463475

1812

205

-65

204

W21-123

6204284

463475

1812

210

-55

181.28

W21-124

6204284

463475

1812

210

-45

161

Table 2:  Willoughby property drill hole locations and orientations (NAD83 Zone 9)

2021 Porter Silver property drill results

The 2021 drilling program at the Porter Silver property was designed to extend and confirm mineralization identified historically and in 2018 drilling at the D and Prosperity veins. In 2021, 799.1 metres of drilling in six holes were attempted. Due to a staffing shortage and difficult geotechnical conditions consisting of near-surface conjugate joint sets related to glacial unloading and fault zones,  both of which caused significant  core blocking, only four holes were drilled, none of which adequately tested their intended targets. The number of fractures typically diminishes deeper into the mountain at Porter and elsewhere in the Stewart area. These highly prospective targets adjacent to the historic high-grade silver mines will be tested by drill holes that will be reoriented to be more perpendicular to these prominent joint sets. 

Hole-ID

Zone

From (metres)

To (metres)

Length (metres)

Gold (g/t)

Silver (g/t)

PIP21-023

D-vein & Blind

103.00

104.10

1.10

0.03

49.61

PIP21-023A

D-vein & Blind

Abandoned at 37.00 m due to poor ground conditions

PIP21-024

D-vein & Blind

No significant values

PIP21-025

D-vein & Blind

159.50

161.80

2.30

0.05

53.51

161.30

161.80

0.50

0.09

149.00

PIP21-026

Prosperity

65.50

69.00

3.50

0.01

40.66

68.50

69.00

0.50

0.03

137.00

PIP21-027

Prosperity

No significant values

Table 3: Highlight drill intercepts from oriented core diamond drilling at the Porter project

**True widths are not known at this time. All widths reported are drilled widths.

Hole ID

Easting

Northing

Elev.

Azimuth

Dip

Length

PIP21-023A

6195962

441782

1598

65

-80

37

PIP21-023

6195962

441782

1598

65

-80

153.1

PIP21-024

6195962

441782

1598

65

-83

255

PIP21-025

6195962

441782

1598

40

-78

215

PIP21-026

6195845

441524

1663

110

-66

80

PIP21-027

6195845

441524

1663

110

-71

59

Table 4:  Porter Silver property 2021 drill hole locations and orientations (NAD83 Zone 9N)

Willoughby project

Willoughby is located along the eastern margin of the Cambria Icefield, approximately seven kilometres east of the Ascot Resources advanced-staged Red Mountain Deposit. Upper Triassic Stuhini rocks underlie the property and Lower Jurassic Hazelton volcano-sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, like and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain deposit. Structurally controlled and replacement-style mineralized linked with intrusive input consist of primary pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold. Eight gold and silver mineralized zones have been identified to date over a one-kilometre strike-length mineralization trend.

Porter project

The Porter Project contains two shears-hosted silver-rich vein systems: the Silverado and Prosperity-Porter Idaho. The showings are 2.35 km apart, located on opposite sides of Mt. Rainey, overlooking the town of Stewart. The Project is located strategically at the head of the Portland Canal, a deep-water port with year-round, ice-free access.

The initial discovery of silver mineralization on Mt. Rainey occurred in the early 1900s. Prosperity-Porter Idaho veins were the focus of the initial work. The mineralization is hosted in six parallel dipping shear zones, traced 200 metres on the surface and one kilometre down dip with widths between 2 and 13 metres. The vein system was mined between 1929 and 1931 and produced 27,123 tonnes with recovered grades of 2,542 g/t silver (73.8 oz/ton) and 1 g/t gold (yielding approximately 2.2 million ounces of silver). Direct shipping ore was transported to the port at Stewart via aerial tramway.

QA/QC

Samples for the 2021 exploration program were all NQ-sized (47.6 mm diameter) drill core labeled, sawn in half, with one-half placed in sealed bags, and shipped with a chain of custody controls to the laboratory. The remaining drill core is securely stored in Stewart, BC. The company implements a rigorous Quality Control/Quality Assurance program, including the insertion of standards, blanks, and duplicates at regular intervals in the sample stream to monitor laboratory performance.

Drill core samples are submitted to the ALS Geochemistry facility in Terrace, British Columbia, for preparation and subsequently to the ALS Geochemistry facility in North Vancouver for analysis. The ALS 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 a 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 an upper limit of 10 ppm. Samples with gold assays greater than 10ppm are re-analyzed using a 30g fire assay with a gravimetric finish. All samples are also analyzed using a 33-element geochemical package utilizing 4-acid digestion and ICP-AES. Samples with silver results of greater than 100ppm are re-analyzed using a 30g fire assay with a gravimetric finish. Samples with copper, lead and zinc values of over 10,000ppm are re-analyzed using a four-acid digestion and an ore-grade ICP-EAS analysis. 

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is Andrew Hamilton, P. Geo, technical advisor. He 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, adjacent to Red Mountain. The company also owns a 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 hereof 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) accept 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 Appoints Marilyne Lacasse, P.Geo as Vice-President, Exploration

Vancouver, British Columbia–(February 1st, 2022)StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (“StrikePoint” or the “Company”) is pleased to announce that Ms. Marilyne Lacasse, P.Geo has been appointed Vice-President, Exploration for the Company, effective today, February 1st, 2022.

“Marilyne Lacasse is a dynamic rising star in the mineral exploration industry, armed with a brilliant mind and a relentless work ethic. Marilyne has demonstrated an ability to lead and thrive in challenging technical environments.  Her professionalism, attention to detail, enthusiasm and diverse geological experience in the Golden Triangle  has armed StrikePoint Gold’s discovery team with a competitive advantage. With guidance and mentorship from Lead Director Adrian Fleming and insights and strategy from Technical Advisor Robert McLeod, Ms. Lacasse specializes in the design and implementation of successful exploration programs, yielding discoveries safely and on budget.” Stated CEO and Director, Shawn Khunkhun.

Marilyne Lacasse has over ten years of diverse experience working in mineral exploration, ranging from Project Management of feasibility-stage underground projects to grass-roots and project generation. Primarily working in northwest BC and southeast Alaska, she has diverse base and precious metals experience in multiple metallogenic belts and deposit types, including intrusive-related, porphyry, epithermal and orogenic vein types, Archean lode- gold and VMS systems. Most recently, Ms. Lacasse has consulted for multiple junior exploration companies with her Geological Management Firm, Outbounds Consulting, specializing in oversite of drilling programs and high-angle mountaineering geology following her passion for the outdoors and problem-solving skills in harsh mountain terrain. She progressed from field geologist to Project Manager with IDM Mining Ltd. at the Red Mountain Underground Gold Project in northwest BC. Ms. Lacasse has also worked with New Gold, Northern Superior Resources and Cabra consulting throughout her career. She obtained her BSc. in Geology from the University of Quebec at Montreal (UQAM) and is a Professional Geologist and Qualified Person under NI 43-101.  She is also a technical advisor for Blackwolf Copper and Gold Ltd.

The Company is awarding Ms Lacasse 1,000,000 stock options exerciable at .20.

About StrikePoint Gold

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

On behalf of the board of directors 

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

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

In this release, 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 hereof 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) accept responsibility for the adequacy or accuracy of this release.

StrikePoint Reports 11.5 g/t Au and 69.4 g/t Ag over 2.0 metres in Channel Samples at Willoughby

Vancouver, British Columbia–(Newsfile Corp. – December 16, 2021) – StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (“StrikePoint” or the “Company”) is pleased to announce the results from surface channel sampling as well as reconnaissance grab samples collected during the 2021 exploration program at the 100%-owned Willoughby gold-silver property, located east of the community of Stewart in British Columbia’s prolific Golden Triangle. The purpose of the channel samples is to provide quality surface assay data over the surface expression of mineralized zones that could potentially be used for a NI43-101 Mineral Resource Estimate for the property.

These results are from seven continuous series of channel samples in steep terrain at the Icefall Zone, collected by experienced climbing geologists and technicians using a hydraulic chisel, from well-exposed bedrock hosting disseminated to massive sulphides, primarily pyrite and pyrrhotite. The samples cover approximately 55 metres of strike and 80 metres of vertical relief along a steep exposure. These samples, along with pending results at other zones on the property, will provide representative assay data for surface expressions projected up-dip from previous and current drilling. Results are pending for channel sampling from the Edge and North zones at Willoughby. Highlights of the channel samples from the Icefall Zone include:

  • 2.94 g/t Au and 31.04 g/t Ag or 3.38 g/t AuEq over 15.0 metres, which includes 11.545 g/t Au and 69.4 g/t Ag or 12.53 g/t AuEq over 2.0 metres (WH21-CH004)
  • 3.21 g/t Au and 16.61 g/t Ag or 3.45 g/t AuEq over 12.0 metres, which includes 4.46 g/t Au over 5.0 metres and 31.23 g/t Ag or 4.82 g/t AuEq over 3.0 metres (WH21-CH007)
  • 1.83g/t Au and 32.62 g/t Ag 0r 2.30 g/t AuEq over 13.0 metres, which includes 8.68g/t Au and 265.0g/t Ag or 12.47 g/t AuEq over 1.0 metre (WH21-CH002)
  • 2.9 g/t Au and 21.42 g/t Ag or 3.21 g/t AuEq over 10.0 metres, which includes 15.45 g/t Au and 74.5g/t Ag or 16.51 g/t AuEq over 1.0 metre (WH21-CH001)

*AuEq calculated using a 70:1 silver to gold ratio.

StrikePoint’s CEO, Shawn Khunkhun, states, “These results provide excellent surface data for modelling of our multiple mineralized zones at Willoughby. Our objective during this year’s program at the Willoughby gold-silver and Porter silver properties was to significantly expand the gold-silver mineralization down-dip and along strike and to test new targets. We are pleased with the quality of work completed and expect the remainder of results before the end of 2021 or in January 2022.

2021 Willoughby Channel Sampling

Channel sampling at the Upper and Lower Icefall Zones confirmed continuous gold and silver mineralization along all seven channel sample lines. Due to the steep terrain, the channel sample locations are oriented at a variety of oblique angles to the orientation of the Icefall Zone and do not represent true widths. The gold-silver mineralization is hosted in semi-massive to replacement style sulphides, primarily pyrite and pyrrhotite with lesser sphalerite and galena within Jurassic volcanic rocks. Pervasive sericite alteration was consistently observed throughout all channel samples at Icefall, all of which returned intervals of gold and silver mineralization as displayed in Table 1. The 67 channel samples collected average 2.46 g/t Au and 23.28 g/t Ag and range between 0.041 to 15.45 g/t Au and 1.1 to 265.0 g/t Ag, respectively. Results are as follows:

Table 1: Channel sample results showing >1 g/t Au and >10 g/t Ag composite intervals

Channel Sample Line ID From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Ag
(g/t)
AuEq (g/t)
W21-CH-001 0.00 10.00 10.00 2.90 21.42 3.21
Incl. 0.00 7.00 7.00 3.87 23.97 4.21
Incl. 6.00 7.00 1.00 15.45 74.50 16.51
W21-CH-002 0.00 13.00 13.00 1.83 32.62 2.30
Incl. 7.00 11.00 4.00 3.49 82.72 4.67
Incl. 9.00 10.00 1.00 8.68 265.00 12.47
W21-CH-003 0.00 2.00 2.00 1.33 18.10 1.59
W21-CH-004 0.00 15.00 15.00 2.94 31.04 3.38
Incl. 0.00 2.00 2.00 11.54 69.40 12.53
W21-CH-005 0.00 10.00 10.00 1.85 7.81 1.96
Incl. 0.00 5.00 5.00 2.73 10.04 2.87
W21-CH-006 0.00 5.00 5.00 1.69 28.50 2.10
W21-CH-007 0.00 12.00 12.00 3.21 16.61 3.45
Incl. 0.00 5.00 5.00 4.46 25.18 4.82

 

*AuEq calculated using a 70:1 silver to gold ratio.

Figure 1: 2021 Channel sample locations within the Icefall Zone showing gold equivalent values (AuEq g/t). Reference lines (1-7) represent stations (WH-21-CH001 to WH-21-CH007). Select anomalous gold samples are highlighted with annotated texts.

Results were also received from select grab samples collected at the Icefall Zone during the 2021 season. The nine grabs at Icefall average 5.12g/t Au and 32.64g/t Ag, ranging from trace to 23.69g/t Au and 0.25 to 107.0g/t Ag, respectively.

Figure 2: 2021 select grab samples within the Icefall Zone showing gold equivalent values (AuEq g/t). Select anomalous gold assays are highlighted by annotated texts.

Willoughby Project

The project occurs along the eastern margin of the Cambria Icefield, approximately seven kilometers east of the advanced-stage Red Mountain Deposit owned by Ascot Resources. Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcano-sedimentary rocks underlay the property, subsequently intruded by an early Jurassic-aged hornblende-feldspar porphyry, like and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of primary pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, and native gold. Eight gold and silver mineralized zones have been identified to-date over a one-kilometer strike-length mineralized trend.

QA/QC

Using a hydraulic chisel, an approximate 2 by 2-centimetre channel was sampled continuously along 1 metre sample stations. If the hydraulic chisel was incapable of retrieving a chip from a specific location, a hand chisel was used to assist with the chipping within the limits of the 1 metre station. Samples were placed directly into a marked polyurethane bag. Chip observation data was recorded and digitized in the field using MX Deposit.

Surface samples for the 2021 exploration program were labeled and shipped with chain of custody controls to the laboratory. The company implements a rigorous Quality Control/Quality Assurance program, including the insertion of Standards, Blanks, and Duplicates at regular intervals in the sample stream to monitor laboratory performance.

Samples were submitted to ALS Laboratory facility located in North Vancouver, British Columbia, for preparation and analysis. The ALS 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-samples using a riffle splitter and subsequently, 250g is pulverized. Multi-element analyses were determined by ICP-AES for 33 elements following a 4-acid digestion process. Analysis for gold is by 30g fire assay with atomic absorption (AAS) finish. Samples that returned with gold assays greater than 10 g/t were re-analyzed using a 30g fire assay with a gravimetric finish.. Samples with silver assays higher than 100 g/t are re-analyzed using a fire assay with gravimetric finish.

Qualified Person

The Qualified Person for this news release for National Instrument 43-101 is Andrew Hamilton, P. Geo, technical advisor to Strikepoint. He 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 a 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

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

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 hereof 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 it’s 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 Announces 2021 Drill Programs At The High-grade Porter Silver And Willoughby Gold Properties

Vancouver, British Columbia — June 16, 2021, StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP: TSX.V)(STKXF:OTCQB) is pleased to announce that its 2021 exploration programs have commenced at its 100%-owned Porter Silver Project and Willoughby gold-silver properties located east of the mining town of Stewart in British Columbia’s prolific Golden Triangle.  Drilling will commence at the Porter Projects, targeting extensions to known veins and large, regional silver targets within the system that hosts the largest, historic pure silver producers in the Stewart area: the famous Prosperity and Porter-Idaho mines, with drilling to begin at Willoughby mid-summer.

StrikePoint’s President and CEO, Shawn Khunkhun states, “Our 2021 drilling programs are the most aggressive in the Company’s history. We have two primary objectives for drilling at the Porter Silver Project: 1) step out from high-grade silver mineralization mined in historic stopes at the Prosperity/Porter Idaho and Silverado Mines, and 2) drill the initial holes into the ‘Big Flex’, targeting the structural intersection of the two prolific vein systems, project to occur under the Silverado ice sheet.  At Willoughby, we will continue to step out drill from multiple previous high-grade gold-silver intercepts, building on the technical breakthrough we achieved during the 2020 field season.”

An initial Phase I, 5,000-meter drill program will commence shortly at the Porter Silver Project. Targets include extension to very high-grade silver shoots mined an intersected in historic drill holes at the Prosperity and D-veins.  Additionally, drilling will target extensions to the D and Blind veins to the north, and for southern extension to the No. 1 and 2 veins at the Silverado Mine.  Northeast-oriented drill holes will target the ‘Big Flex’ structural intersection of the approximate north-south striking Prosperity trend with the northwest-southeast striking Silverado trend.  This is an over 2,300 meter long target between these past-producing silver Mines.

Figure 1. Long section of the Silverado and Porter Idaho past producing mines with highlights of the 2021 drilling targeting D-vein strike extension and the Big Flex

A second drill rig will be mobilized to the Willoughby property to complete an initial 3,000-meter program. The drilling campaign has three primary objectives:  1) follow up on 2020 high grade drill intercepts (See StrikePoint News Release February 3, 2021, 10.0 g/t Gold over 7.72 meters), 2) extensions along strike of the Edge Zone mineralization discovered during the 2020 surface sampling program and 3) test the extension of the northwest-striking mineralized horizon to the southeast to connect mineralized zones from recent and historic drilling programs as a path to the Company’s initial resource estimate at Willoughby.

Figure 2. Planview of the proposed 2021 drilling at the Edge zone

In addition to drilling, field work at Willoughby and Porter will also include detailed field mapping and sampling, following up on high-grade 2020 season surface results (See New Release December 13, 2020, up to 37.3 g/t Gold at Willoughby and January 21, 2021, up to 3,840 g/t Silver at Porter).

Willoughby Gold Project

Willoughby is located 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 volcano-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 primary pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold. Eight gold and silver mineralized zones have been identified to-date over a one-kilometre strike-length mineralization trend.

Porter Project

The Porter Project host two historically producing, silver-rich vein systems: the Silverado and Prosperity/Porter Idaho. They are located over two kilometers apart, outcropping on opposite sides of Mount Rainey, overlooking the town of Stewart. The Project is located strategically at the head of the Portland Canal, a deep-water port with year-round, ice-free access.

The initial discovery of silver mineralization on Mt. Rainey occurred in the early 1900s. Prosperity-Porter Idaho veins were the focus of the initial work. The mineralization consists of galena-tetrahedrite/tennantite-pyrite hosted in six parallel dipping shear zones, traced 200 meters on the surface and one kilometre down dip with widths between two and thirteen meters. Historic Company and government records document that high-grade silver ore was mined by the Premier Mining between 1929 and 1931 and produced 27,123 tonnes with recovered grades of 2,542 g/t silver (73.8 oz/ton) and 1 g/t gold (yielding approximately 2.2 million ounces of silver). The ore was shipped to tidewater via an aerial tramway and direct shipped to smelters with no concentration required.  These production records are historical in nature prior to NI43-101.  StrikePoint has not independently verified the figures and they should not be relied upon.

Qualified Person

The Qualified Person for this news release for National Instrument 43-101 is Marilyne Lacasse, P. Geo, technical Consultant. 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, adjacent to Red Mountain deposit. The company also owns a 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 hereof 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 it’s 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.