Category

2017

Nov. 14, 2017
STRIKEPOINT GOLD INC. RELEASES RESULTS FROM PDM PROPERTY AND DISCOVERY OF ‘SEVEN WONDERS TREND’, A NEW REGIONAL-SCALE STRUCTURAL CORRIDOR

By | 2017, Geochemistry, Golden Oly, News

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide surface results from its PDM Property in the Yukon Territory, and its implications in a new regional-scale structural trend that links the PDM, Golden-Oly and Nordic properties.

Highlights

  • Surface grab samples at PDM returned grades of up to 9.8g/t gold, 2.8% copper and 245g/t silver.
  • Samples collected from area of sheeted veins within intrusive material with visible copper mineralization, including native copper.
  • Sheeted veins observed occurring throughout an area of 350m by 350m, with a maximum density of 30 veins over a 10m natural exposure
  • Geological observations at PDM tie in to an overall structural trend that stretches for 78km and incorporates the Golden-Oly and Nordic properties, termed the “Seven Wonders Trend”.
  • New model will help focus future targeting within a large project area.

Strikepoint Gold was active on the project between August 11th and August 19th  2017. Extensive mapping and surface sampling focused in the center of the property around the Spearhead showing, identified by the Yukon Geological Survey. A total of 159 grab samples were collected from the area, mainly from obviously mineralized zones, but also from further out to gather additional geochemical data.

The mineralogy observed in the field was primarily copper-based, including chalcopyrite, malachite, bornite, chrysocolla and native copper, along with other sulphides such as pyrite, arsenopyrite and pyrhottite. These mineralized samples returned from trace to 2.8% copper (with 15% of all surface samples collected returning greater than 0.2% copper), and from trace to 9.8g/t gold (with 10% of all surface samples returning greater than 0.5g/t gold). Silver was also found in samples, ranging from trace to 245g/t, with 13% of all samples returning grades more than 20g/t silver).

Geologists on site focused on an area of sheeted veins within a granodioritic stock that had densities up to 30 veins over a 10m exposure oriented between 50 to 60 degrees. The veins ranged from the millimeter to centimeter thickness and contained a variety of sulphides with quartz. The intrusive host rock also contains additional sulphide mineralization although at a lower rate of occurrence than within the veins.

The PDM property has had a history of exploration going back to 1967, although most of this has been basic soils and mapping with little consistency. Strategic Metals held the property between 2007 and 2008 and undertook a diamond drilling program, but it appears that each of the three holes missed the target area (see maps). The current land package is also more extensive than held in the past, so the additional data collected across a larger area has assisted in a broader understanding of the potential.

Mapping on the property shows that the veins are regularly orientated, at around 58 degrees (roughly northeast to southwest).

The “Seven Wonders” Trend

Post-season compilation of data has highlighted the existence of a structural trend that passes through PDM, Golden-Oly and the Nordic properties, for a total of 78km by 16km, and helps to explain certain mineralized features observed during the 2017 program.

These features fall within a model known as a ‘Strain Ellipse’ which shows how an area will deform when compressed through a regional event such as the accretional formation of the western coast of North America. This model is well understood, demonstrable and therefore predictable.

During compression of an area, the rocks are put under pressure forming a variety of faults, folds and other structures, some of which can become traps and fluid conduits. This model is showing the intrusions observed across the three properties have filled anticlinal folds within the sedimentary rocks, and then sympathetic off-shooting structures, known as Riedel Shears, have allowed mineralizing fluids to pass through them. These manifest as the sheeted veins observed at the Babylon and Colossus targets, the latter of which returned assays to 10.65g/t gold and 364g/t silver (refer to press release dated 10th October 2017).

The identification of the Seven Wonders Trend will help with future targeting, including any drilling, on the property, as only certain structures that develop will also promote fluid flow and therefore mineralization. This is a key finding for the 2017 season as it will help focus work across a collection of large land packages and ensure exploration funds are spent the most wisely.

Shawn Khunkhun, CEO Strikepoint, says “This is another major step forwards by the Strikepoint team on this newly acquired portfolio. The discovery of mineralization at PDM is significant, but being able to tie this in to a larger geological model that covers additional company properties confirms our view that this area warrants further systematic exploration.”

20171019 SevenWondersShear AR
20171027 PDM 2017GrabsAu AR
20171027 PDM 2017GrabsCu AR
20171027 PDMHistoricalExploration AR
20171027 SevenWondersTrend AR

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 review the Corporate Presentation on the StrikePoint Gold Inc. website for a more detailed, comprehensive review of the 2017 exploration program: http://www.strikepointgold.com/images/Yukon-Properties-Presentation.pdf

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. 23, 2017
STRIKEPOINT GOLD INC. INTERSECTS 15.24M OF 1.05 GRAM PER TON GOLD AND 32.0M OF 0.14% COPPER AT THE PLUTO PROJECT, YUKON TERRITORY

By | 2017, Drilling, News, Pluto

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide drill results and an exploration update from activities on its Pluto property, Yukon Territory.

Highlights

  • 15.24m at 1.05g/t gold from a Charon Zone drill hole 17-CRN-02 at Charon Zone.
  • 32.0m at 0.14% copper in hole 17-CRN-07.
  • In hole 17-CRN-01, intersected 6.10m at 0.74g/t gold with 1.67% copper.
  • Drilling in 6km southwest of Charon in the Hydra Zone returned 10.67m at 0.4g/t gold with similar geological setting to Charon.
  • Mineralization is hosted in limestone layers which are altered by skarn and marble.
  • Host limestone beds exist as multiple layers in the sediment package and extend for at least 6km by 3km area.

StrikePoint Gold was active on the project between July 8th and September 5th 2017. Extensive mapping of the northeastern portion of the property was completed, and a total of 117 grab samples were collected from the area. Twelve RAB drill holes were completed by GroundTruth Exploration during that time, with eight on the Charon target and four on the Hydra target, to a total of 1,294m.

Surface results from 2017 were released by StrikePoint in August, and highlighted assays of 48.4g/t and 36.3g/t gold from within the Charon Zone, along with copper up to 1.23%. (news release dated August 22, 2017).

Shawn Khunkhun (CEO, StrikePoint) comments “The discovery through drilling of copper and gold mineralization occurring at Pluto is an exciting development. Despite a lack of outcrop the technical team lead by our VP Ex, Andy Randell were able to take a significant step on Pluto, taking the property from a high grade soil anomaly, proving the mineralizing is present below the surface.”

Pluto Property

The Pluto Property is in the Kluane region of the Yukon Territory, and covers an area of 21km x 22km, and is 100km southwest of the town of Carmacks. The ground is mainly rolling hills with deep river valleys, but outcrop exposure is limited. The aim of the 2017 program was to follow up on the soil anomalies identified in 2012 by Ryan Gold Corp., and to provide a subsurface context to the geology through RAB drilling.

Five main target areas have been identified on the property to date: Charon, Styx, Nyx, Hydra and Cerberus. The first four appear to have mineralization associated with the interplay between a series of limestone beds and volcanic dykes, while Cerberus appears to be more vein hosted gold and silver in nature.

Charon Target

The Charon Target is an area approximately 2.5km by 2km in the northeastern corner of Pluto. In 2012, soil samples from this site returned grades up to 15.05g/t gold along a 1km ‘band’. Field work associated these grades with a fairly flat-lying limestone unit within the schist, that have become mineralized to skarns / marbles where it was intruded by small scale volcanic (rhyolite / dacite) dykes.

The aim of the 2017 program in this area was primarily to gather subsurface data through drilling to better understand the geology and to confirm mineralization at depth. Targeting of the drill holes was based largely on results from a ground geophysical survey (IP) that showed bands of low and high resistivity that related to limestone and schist respectively when traced to surface. Collars were spaced along a spur from the main ridge on spots where the drill could sit without interference from talus.

Drill results were as follows:

  • 17-CRN-01
    • 10m @ 0.74g/t Au and 1.67% Cu (4.57m to 10.67m)
  • 17-CRN-02
    • 24m @ 1.05g/t Au (21.34m to 36.58m), including 3.05m @ 3.81g/t Au (22.68m to 25.91m)
  • 17-CRN-03
    • 05m @ 0.12% Cu (76.2m to 79.25m)
    • 53m @ 0.27% Cu (92.96m to 94.49m)
  • 17-CRN-04
    • No significant results
  • 17-CRN-05
    • No significant results
  • 17-CRN-06
    • 05m @ 3.28g/t Au (3.05m to 6.10m)
  • 17-CRN-07
    • 0m @ 0.14% Cu (from 56.39m to 88.39m)
  • 17-CRN-08
    • 62m @ 0.24% Cu (from 83.82m to 91.44m)

These results have conclusively proven that the mineralization is present at depth and is not just from gossanous surficial material. The copper and gold are associated with sulphide-minerals in the limestone units, sometimes with significant silver from trace to 35g/t in samples from the Charon drill holes. Drill holes 17-CRN-01 through to 17-CRN-06 are from one spur line, while 17-CRN-07 and 17-CRN-08 represent a step out 600m to the east. Further studies are currently underway to understand the relationships in the ore mineralogy.

Hydra Target

Hydra lies 6km to the southwest of Charon, and represents another soil anomaly that was related to limestone bands. The decision was made to drill four holes at Hydra to compare with the geology and mineralization at Charon.

Hole 17-HYD-02 returned 10.67m at 0.4g/t gold from a limestone unit, which had a similar mineralogy and setting to the Charon holes. Although a lower grade, this does seem to infer that the two systems are related. The limestone units were mapped in several locations between Charon and Hydra, covering an area of 6km by 2km. Note that the other three holes at Hydra returned no significant results.

These drill results are compelling as they were not specifically targeted due to poor surface outcrop, but rather they prove that mineralization is occurring at depth and is widespread. Data from this program can now be reviewed and the targeting refined for future exploration work.

Other Targets

The Styx and Nyx target zones are equivalent in size to Charon, and bridge the area between that and Hydra. Styx runs along a river valley, and in several places the limestone beds can be seen outcropping. It is also apparent that an extensive arm of intrusive rhyolite pervades into this area. Soil samples taken during the 2012 sampling program shows a concentration of Cu-Au anomalies along the contact with the intrusive rock.

Nyx lies to the south of the same rhyolitic arm, but also seems to be coincident with a dioritic intrusive.

Cerberus lies 2.5km east of Charon, and mineralization relates to quartz veins along the edge of granodioritic intrusive material rather than the skarns we see elsewhere on the property. Sampling in this area produced samples ranging from trace to 2.06g/t gold and from trace to 333g/t silver (please refer to August 22, 2017 press release for full details).

Results from other properties in the Yukon portfolio are pending and will be released in due course.Click to enlarge image 20171014_Pluto_Geology.jpg



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 review the Corporate Presentation on the StrikePoint Gold Inc. website for a more detailed, comprehensive review of the 2017 exploration program: http://www.strikepointgold.com/images/Yukon-Properties-Presentation.pdf

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. 10, 2017
STRIKEPOINT GOLD INC. DISCOVERS UP TO 10.65G/T GOLD AND 364G/T SILVER ON THEIR GOLDEN-OLY PROPERTY, YUKON TERRITORY

By | 2017, Geochemistry, Golden Oly, News

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide results from exploration activities on its Golden-Oly property, located in the North Canol region of the Yukon Territory.

Highlights

  • Focus on one of seven geophysical and geochemical targets highlighted by Ryan Gold Corp. in 2012 on the Golden-Oly and PDM properties.
  • Surface grab samples taken during the 2017 field season returned results from trace to 10.65g/t gold.
  • Additional samples returned assays to 364g/t silver and 0.52% copper.
  • The Colossus target is 3.3km in diameter, with multiple mineralized sheeted vein systems throughout this area.
  • Geochemical profiling of the intrusive shows classic intrusion-related zonation, including central Au-Cu-Bi correlations with more distal Ag-Pb-Zn haloes.
  • Colossus is a seen as a typical example of the six additional geophysical targets on both the Golden-Oly and PDM properties and has been studied in depth this season to gather data relevant to the entire property.

Strikepoint was active on the project between August 9th and August 21st 2017. Extensive mapping and sampling (76 grab samples) was completed during this time. The targets remain entirely untested by drill.

Golden-Oly Property

The Golden-Oly property parallels the North Canol Road in the east-central Yukon. The property covers an area of 45km by 30km, and has six targets identified through an aerial geophysical program in 2012. Strikepoint also holds the neighboring PDM property, 6km to the west of Golden-Oly, which contains an additional target zone with similar geology to those on Golden-Oly and so are often discussed as one larger land package.

The seven geophysical anomalies (Colossus, Zeus, Babylon, Alexandria, Giza, Artemis and Halicarnassus) have all been positively identified in 2017 as being granodioritic intrusions that are either partially exhumed to shallowly buried (identified through hornfelsed sediment cap).

These intrusions are similar in age and composition to the systems found to the north in the Selwyn Basin that have given rise to the Eagle Gold deposit (Victoria Gold) and the historic Keno Hill silver mines. Mineralization is primarily associated with sheeted veins or disseminated sulphides within the intrusive rock itself.

At Colossus, two vein types were observed on the project: quartz-arsenopyrite veins up to 5cm thick from within the granodiorite, and polymetallic veins up to 40cm wide around the periphery and into the surrounding country rock.

The quartz-arsenopyrite veins assayed from trace to 10.65g/t gold, and the polymetallic veins carried silver from trace to 364g/t. Gold is also found in the polymetallic veins from trace to 1.93g/t. Of the 76 samples collected, 16 ran more than 0.5g/t gold, 9 above 0.1% copper and 8 above 50g/t silver. Initial studies show that gold correlates strongest with bismuth which would indicate classic intrusion related gold system. Silver strongly correlates with lead, which is typical of the distal ‘cooler’ zones of mineralization or later stage overprinting. The presence of molybdenum in soils (from trace to 0.04% suggests that the thermal aureole above the pluton is far greater in size than the exposed intrusive material. This is a classic example of the geochemical zonation that makes these types of deposits favorable exploration targets, as well as the presence of shear zones and other structural elements that will help to focus mineralization.

The exposed granodiorite of the Colossus target is approximately 800m wide, but geochemical evidence suggests that the pluton has a diameter of at least 3.3km, and so represents a significant sized target. The geophysical work completed in 2012 confirms the sub-surface shape of the intrusion, having steeply plunging sides. It appears that Colossus is partially exhumed but much of the enriched contact zone and polymetallic systems are intact and may not be daylighting (and therefore accessible to surface sampling). It is worth noting that other targets that are not exposed on surface do not have any geochemical signature due to the sediment cap, estimated to be up to 50m in thickness. Of the seven targets, four are still buried and three are partially exhumed.

Shawn Khunkhun, Strikepoint CEO comments “the delineation of the Colossus target is a significant discovery within the Yukon portfolio. The fact that this has the potential to be one of seven large identical systems is extremely exciting and a significant benchmark in the Strikepoint story”.

Work was also undertaken on the Babylon target on the PDM property, and results are pending and will be released in due course. Sampling at Babylon was designed to provide a comparison between that intrusion and the one at Colossus, and therefore provide ‘proof of concept’ of the potential of each of the seven targets.

The next steps at Golden-Oly will be to plan a drilling program to test the target at depth, as well as additional mapping and sampling campaigns across the property




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 review the Corporate Presentation on the StrikePoint Gold Inc. website for a more detailed, comprehensive review of the 2017 exploration program: http://www.strikepointgold.com/images/Yukon-Properties-Presentation.pdf

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. 4, 2017
STRIKEPOINT GOLD INC. EXPLORATION CONFIRMS PRESENCE OF INTRUSION RELATED GOLD SYSTEMS ON THEIR MAHTIN PROPERTY, YUKON TERRITORY

By | 2017, Mahtin, News

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide results from exploration activities on its Mahtin Property, Mahtin North and May-Qu Targets, located in the Mayo region of the central Yukon Territory.

Highlights

  • The work at Mahtin North has confirmed that the Sprague Creek Stock hosts a series of sheeted quartz-arsenopyrite veins hosting typical low-grade gold mineralization, and is thus an Intrusion Related Gold System that needs further exploration including drilling.
  • The Company’s exploration at May-Qu has confirmed the existence of a prospective zone of vein-hosted gold, silver and copper mineralization around the Bos Stock.
  • Both targets bear similarities to the Eagle Gold Project (Victoria Gold Corp.) which is located 40km to the northeast of the Mahtin Property.
  • Results from other properties in the Yukon portfolio are pending and will be released in due course.
  • Strikepoint Gold is well capitalized with approximately $6million in working capital.

Strikepoint was active on the project between June 5th and July 7th 2017. Extensive mapping and sampling (198 grab samples) was completed including a limited initial RAB drilling program of 760 m in nine holes.

Mahtin North

Mahtin North lies along the northern edge of the Sprague Creek Stock, a Cretaceous-aged granodiorite intrusion similar to the nearby Eagle Gold project owned by Victoria Gold Corp.

Mapping and sampling covered an area of 3km by 2km, focusing on the skarns and limestones along the edge of the intrusive body, as well as collecting samples from sheeted veins within the granodiorite itself.

Results from this exercise highlighted the following (please refer to maps and tables on the website for full details):

  • The anomaly identified in 2012 by Ryan Gold Corp. was confirmed, with gold grades from trace to 9.2g/t in the 2017 sampling campaign.
  • Background levels of gold up to 0.87g/t were noted within arsenopyrite-bearing limestones that were more distal from the intrusion and suggest more extensive mineralization potential.
  • Copper grades up to 1.16% were found on surface along the drill target area, creating an anomalous zone 500m in length.
  • A new copper-rich zone was discovered to the south of the drill target. The new anomaly is rich in unoxidized chalcopyrite and covers an area of 200m by 200m, with copper grades from trace to 0.42%.
  • An additional new zone of copper mineralization was discovered in a valley 1.2km to the northeast of the drill target area, with copper grades at surface from trace to 0.51%.
  • Sheeted veins of quartz-arsenopyrite in the valley floor to the east of the drill line produced silver grades from trace to 293g/t.
  • An additional new discovery of anomalous silver was made within quartz-arsenopyrite veins within the granodiorite body itself, grading from trace to 52.1g/t Ag.

At Mahtin North five RAB holes were drilled along a low ridge line, targeting mineralized skarns and limestones, previously identified through surface soils and grab assays, in and around the Sprague Creek granodiorite stock. A sixth hole was drilled at the end of the line to test possible sheeted vein mineralization within the intrusion itself.

Results from drilling are as follows:

  • 17MAH02
    • 3.05m @ 1.80g/t Au (27.43m to 30.48m)
    • 4.57m @ 1.62g/t Au (42.67m to 47.24m)
  • 17MAH03
    • 1.53m @ 3.63g/t Au (35.05m to 36.58m)
    • 3.05m @ 0.66g/t Au (62.48m to 65.53m)
  • 17MAH06
    • 3.05m @ 0.48g/t Au (24.38m to 27.43m)
    • 3.05m @ 0.17% Cu (89.92m to 92.69m)

These results show that the gold is occurring in several bands within the mineralized skarn, often with associated chalcopyrite and arsenopyrite. Analysis of the drill chips was non-conclusive if these were from veins within the skarn, or disseminated over the entire interval. Additional studies are currently being undertaken to qualify this. Geological data collected from the drill chips allowed the construction of a geological cross-section diagram (www.strikepointgold.com), which explains why some holes produced no significant results.





17MAH06 was drilled into the granodiorite of the Sprague Creek Stock and produced narrow zones of both gold and copper. Grades were elevated in several small intersections to 0.48g/t Au throughout this hole but often in single samples and so were not reported. Associated elements such as bismuth and arsenic also became elevated with these samples which is a typical chemical association for sheeted vein system of Intrusion Related Gold Systems (IRGS). Alas due to the nature of RAB drilling producing chips of rock, this cannot be physically confirmed.

May-Qu

The May-Qu target lies on the southeastern edge of the Mahtin Property, approximately 16km from Mahtin North. The area is predominantly quartzites and schists that have been intruded by the Cretaceous-aged granodiorite Bos Stock.

Mapping and surface sampling was focused along the margins of the stock to follow up on prospective areas identified by Ryan Gold Corp. in 2012. Result highlights are listed below:

  • 2017 exploration has provided evidence of gold hosted in quartz veins found in both intrusive and metasedimentary rocks. The confirmed area is currently 1,400m by 1,300m, and remains open on all sides. Samples collected this year ranged from trace to 2.22g/t Au within this zone.
  • This target area was also found to contain elevated copper levels, with grades from trace to 0.72% copper associated with the gold.
  • Sheeted veins along the northern edge of the Bos Stock returned grades between trace and 0.79g/t were discovered 1.5km north-northeast of the main zone. These were unoxidized samples and exhibited elevated bismuth typical of intrusion related gold systems.
  • Polymetallic veins were observed on the fringes of these zones, and 2017 samples of these veins graded from trace to 57.7g/t silver.

At May-Qu three RAB holes were drilled of the planned six, due to a series of thunderstorms that inhibited site access. Due to technical limitations of the rig itself, 17MAY01 and 17MAY02 did not reach target depth and stopped short of the predicted mineralized zone. Result for the drilling completed are listed below:

  • 17MAY03
    • 3.05m @ 0.68g/t Au (62.48m to 65.53m)
    • 3.05m @ 83.4g/t Ag (62.48m to 65.53m)

Conclusions from this drill campaign are limited due to the restrictions in recovery of material, but 17MAY03 does start to give an indication of mineralization occurring at depth.

Other Mahtin Updates

In addition to the exploration work, Strikepoint also conducted several water sampling and ecological surveys on site to establish preliminary baseline data. The local First Nation of the Na-Cho Nyak Dun was also engaged on several occasions, including presenting at the Industry Day event on June 25th.

Strikepoint Gold now holds a Class 3 permit for the Mahtin project which allows for further exploration through diamond drilling in the future (with community / environmental considerations).

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 review the Corporate Presentation on the StrikePoint Gold Inc. website for a more detailed, comprehensive review of the 2017 exploration program: http://www.strikepointgold.com/images/Yukon-Properties-Presentation.pdf

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.

 

Aug. 22, 2017
STRIKEPOINT GOLD INC. ANNOUNCES 48.4 GRAMS PER TONNE GOLD IN SURFACE SAMPLES FROM PLUTO PROPERTY

By | 2017, Geochemistry, News, Pluto

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to report encouraging initial assays from grab samples collected from across the Pluto Property in the Kluane Region of the Yukon Territory.

A total of 68 surface sample assays have been completed to date by ALS Laboratories and results reflect the polymetallic nature of the Pluto property. Gold assays ranged from trace to 48.4g/t Au, including a separate sample of 36.3g/t Au. The highest-grade samples were collected from the Charon target, which is the current focus of a RAB drill program.

Samples from within the same area also returned elevated copper values copper, with results ranging from trace to 1.23%. Copper mineralization appears to be localized in schist units, while gold is associated with arsenopyrite and pyrite within marble and skarn layers. Surface mineralization at Charon has a strike of 1.2km west to east, and 400m north to south, and is still open on all sides.

In addition to the gold and copper values, this latest set of results has returned silver assays from trace to 333g/t. The high grade silver sample runs 2.07g/t gold and represents a significant easterly step out of 2 km from the Charon Zone. Samples collected from between this location and the central Charon area are still pending assays.

Extensive mapping and study of the area since mid-July has shown that mineralization is not linked to a single skarn layer as initially thought, but instead there is evidence of multiple lithologically controlled beds that are stacked in section, with the presence of sulphide mineralization throughout. These units align well with resistivity / conductivity data gathered during a Ground Induced Polarization (IP) Survey by Groundtruth Exploration and are proving useful for drill targeting.

StrikePoint Gold is currently drilling on the Charon Target and will shortly be moving to drill test the Hydra Target, located 6km to the southwest. Hydra has shown similar geology and mineralization to Charon as well as compelling geophysical data. All drill results are currently pending and will be reported on as soon as available.

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 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 review the Corporate Presentation on the StrikePoint Gold Inc. website for a more detailed, comprehensive review of the 2017 exploration program: http://www.strikepointgold.com/images/Yukon-Properties-Presentation.pdf

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.

Aug. 8, 2017
STRIKEPOINT GOLD INC. ANNOUNCES ENCOURAGING INITIAL RESULTS FROM YUKON EXPLORATION

By | 2017, Drilling, Geochemistry, News

Strikepoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to report the encouraging results from surface sampling undertaken in June 2017 at its wholly owned Mahtin gold property. Rock chip samples from skarn material over an area extending for 900 m returned grades up to 9.20 g/t Au.  Additional samples from an area previously thought to be unmineralized graded up to 2.20 g/t Au.  A RAB drill program of six holes totaling 630m has been completed in this area.  Results are pending.

Samples grading up to 293 g/t silver were also returned from an area 1km to the east of the drilled area suggesting mineralization extends into the adjacent valley. The results received to date suggest an area of interest extending over a 2km strike length.  Additional step out sample results are pending. The majority of sulphides observed and encouraging gold and silver grades are from limestone skarns around the periphery of the Sprague Creek Stock.  Additionally, arsenopyrite bearing quartz veins were sampled from within the granodiorite stock itself for which results are also pending.

The May-Qu target, 17 kilometers to the southeast of Mahtin North target has also been mapped and sampled.  Initial results from grab sampling have returned assays including 2.22 g/t Au, 2.12g/t Au and 1.74 g/t Au.  A RAB drill program of three holes totaling 300m has also been completed here.

Further assays are pending from the laboratory for both surface sampling and the initial drilling. Results will be released when these are finalized.

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 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 review the Corporate Presentation on the Strikepoint Gold Inc. website for a more detailed, comprehensive review of the 2017 exploration program: http://www.strikepointgold.com/images/Yukon-Properties-Presentation.pdf

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.

July 19, 2017
STRIKEPOINT GOLD INC. COMMENCES DRILLING ON THE PLUTO PROPERTY, KLUANE, YUKON TERRITORY

By | 2017, Drilling, Kluane, News

July 19, 2017, Vancouver, BC – StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) (“StrikePoint” or the Company) is pleased to report the commencement of drilling on the Pluto Gold Project. Initial drilling activity is focused on the northerly Charon target where a total of six RAB holes are planned, after which the drill will be relocated to the southerly Hydra target for an additional four holes. Both targets have high-grade soil assays that are coincident with geophysical anomalies.

Charon consists of a soil anomaly with samples running up to 15,342 ppb gold with complimentary rock grab samples assaying up to 7.11g/t gold, and stretching for 1.2km east to west. It is proposed that these anomalous soils are related to several layers of mineralized limestone that was mapped in 2012. These limestones have been altered by hydrothermal fluids from successive intrusions of volcanic dykes into the sedimentary package.

The mineralization model of the Hydra target is not well understood at this point, yet it appears to be a series of gold-bearing quartz veins in silicified biotite schist. This has resulted in soil samples returning grades up to 3,427 ppb Au over an area 1km by 1km.

The Charon and Hydra targets are situated 6km from each other, with the ground in between exhibiting similar gold in soil anomalies, namely on the ‘Stix’ and ‘Nix’ targets. It is currently assumed that Charon and Hydra form the northern and southern boundaries of a large, potentially mineralized zone.

An Induced Polarization (IP) geophysical survey undertaken by Groundtruth Exploration in June 2017 highlighted several low resistivity anomalies that are coincident with the high-grade soil and rock chip samples at surface. These anomalies also show an apparent dip which is like that of the surrounding sedimentary units.

Drill holes will be between 100m to 150m in depth to test both the shallow and deeper geophysical anomalies.

The Pluto Property

The Pluto property is in the Kluane region, and is one of the largest in StrikePoint’s portfolio, approximately 40 x 30km in size, 100km southwest of Carmacks. Pluto sits relatively close to the latest discoveries in the White Gold district, and is aligned along strike with this group of projects. However, initial analysis of the geology seems to show a unique mineralizing style for the area; the formation of skarns in contact with large, regional ‘ring’ dyke volcanic features.

The presence of a shallowly dipping ‘dirty’ limestone unit in the local lithology has become a focus for mineralization when intercepted by dykes of rhyolitic / dacitic material. The skarns are identified by anomalous gold-in-soil results where they outcrop in the sides of the valleys, which indicates that there is volume potential of the mineralization, a hypothesis that will be drill tested in 2017.

For further information, please review the Corporate Presentation on the StrikePoint Gold Inc. website for a more detailed, comprehensive review of the 2017 exploration program: http://www.strikepointgold.com/images/Yukon-Properties-Presentation.pdf

This news release has been reviewed by Andy Randell P. Geo., Vice President, Exploration of StrikePoint Gold, the Qualified Person for the technical information in this news release under NI 43-101 standards.

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.

July 14, 2017
STRIKEPOINT GOLD INC. COMMENCES EXPLORATION ACTIVITIES ON THE PLUTO PROPERTY, KLUANE, YUKON TERRITORY

By | 2017, Exploration, Kluane, News, Pluto

July 14, 2017, Vancouver, BC – StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) (“StrikePoint” or the Company) is pleased to report on the progress of its $2.5M summer gold exploration program in  the Yukon.  Comprehensive work including drilling has been completed on the Mahtin property.  The crew is now working on the Pluto property judged to be Strikepoint’s highest ranked target. Exploration is also planned this season for several other targets.

The Pluto Gold Project is located approximately 100km west-southwest of the town of Carmacks in the central Yukon Territory. The StrikePoint Team have established their camp and are currently undertaking a mapping and sampling program, with drilling due to start on or around July 16th. Two main targets have been identified for exploration work, the northern “Charon” target and the southern “Hydra” zone.

Charon consists of a soil anomaly with samples running up to 15,342 ppb gold, and stretching for 1.2km east to west. It is proposed that these anomalous soils are related to a layer of mineralized limestone that was mapped in 2012. These limestones have been altered by hydrothermal fluids from successive intrusions of volcanic dykes into the sedimentary package.

The mineralization model of the Hydra target is not well understood at this point, yet it appears to be a series of gold-bearing quartz veins. This has resulted in soils samples returning grades up to 3,427 ppb Au over an area 1km by 1km.

Both targets have been the subject of an Induced Polarization (IP) Geophysical study in June carried out by Groundtruth Exploration. The results are currently being analyzed and will be used for targeting the RAB drill program.

The Pluto Property

The Pluto property is in the Kluane region, and is one of the largest in StrikePoint’s portfolio, approximately 40 x 30km in size. Pluto sits relatively close to the latest discoveries in the White Gold district, and is aligned along strike with this group of projects. However, initial analysis of the geology seems to show a unique mineralizing style for the area; the formation of skarns in contact with large, regional ‘ring’ dyke volcanic features.

The presence of a shallowly dipping ‘dirty’ limestone unit in the local lithology has become a focus for mineralization when intercepted by dykes of rhyolitic / dacitic material. The skarns are identified by anomalous gold-in-soil results where they outcrop in the sides of the valleys, which indicates that there is volume potential of the mineralization, a hypothesis that will be drill tested in 2017.

Update on Mahtin Exploration

Exploration work was undertaken on the Mahtin Property between June 6th and July 4th, with a focus on the Mahtin North and MayQu target areas. A total of 164 grab samples were taken from across the Mahtin property, including from potential new zones of mineralization discovered on the Alp-Forty claims in the southwestern portion of the Mahtin claim block.

A total of nine RAB holes were drilled, with six in Mahtin North and three on MayQu, ranging from 80m to 150m depth each.

All grab and RAB chip samples are currently with the laboratory for assaying, and results are pending.

Baseline environmental studies were also completed on both the Mahtin North and MayQu targets, including wildlife surveys and water sampling. The use of the RAB drill has minimal environmental impact. All collar locations were cleaned and reclaimed immediately after drilling was completed.

StrikePoint Gold also took part in the First Nations of the Na-Cho Nyak Dun ‘Industry Day’ on June 25th, presenting to the Council and Community the Mahtin and Golden-Oly projects which lie within their traditional territories.

Other July Activities

In addition to drilling at Pluto, StrikePoint will also undertake some regional work on the Sapphire, Kilo and Garnet properties which are also within the Kluane region. Exploration activities will be restricted to mapping and sampling of anomalies highlighted by work completed in 2012 by Ryan Gold Corp.

A small advance team will also mobilize into the North Canol Road area to undertake some first pass work on the Golden-Oly targets.

For further information, please review the Corporate Presentation on the StrikePoint Gold Inc. website for a more detailed, comprehensive review of the 2017 exploration program: http://www.strikepointgold.com/images/Yukon-Properties-Presentation.pdf

This news release has been reviewed by Andy Randell P. Geo., Vice President, Exploration of StrikePoint Gold, the Qualified Person for the technical information in this news release under NI 43-101 standards.

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.

June 12, 2017
STRIKEPOINT GOLD COMMENCES DRILLING ON THE MAHTIN PROPERTY, MAYO, YUKON TERRITORY

By | 2017, Drilling, Mahtin, Mayo, News

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 12, 2017) – StrikePoint Gold Inc. (TSX VENTURE:SKP)(OTCQB:STKXF) is pleased to announce that drilling has started on the Mahtin Project, located approximately 40km northwest of the town of Mayo in the central Yukon Territory.

Drilling is currently underway at the Mahtin North target, an area of copper-gold skarn mineralization. A total of eight holes are planned along a one kilometer line to test the extent of mineralization at depth.

In addition to drilling, the field crew is continuing to map along the Sprague Creek Stock contact to collect sulphide-bearing rock samples for assay from previously untested areas, covering a strike of 3.5km on a bearing of 070 degrees. Results of this work are pending.

Mapping and sampling focus will shortly switch to the May-Qu target on the south of the Mahtin property to prepare the area for the second phase of exploratory drilling in the coming weeks.

Mahtin Property

The Mahtin Property is synonymous in geological setting and mineralization style as Victoria Gold’s Eagle Gold Project, 40km away to the northeast. Mineralization has been identified in association with two intrusive stocks: Sprague Creek (3.6 x 1.5km) and Bos Stocks (4 x 1.1km). It is generally understood that the best mineralization in the Mayo area occurs along a ‘070’ degree trend along the northern contacts of Cretaceous-aged granodiorite intrusions, diagnostic qualities that are observed in both Mahtin stocks.

Historic exploration on site included the collection of 18,406 soil samples across the entire property, airborne geophysical surveys, mapping and sampling.

For further information, please review the Corporate Presentation the Strikepoint Gold Inc. website for a more detailed, comprehensive review of the 2017 exploration program: http://www.strikepointgold.com/images/Yukon-Properties-Presentation.pdf

FOR FURTHER INFORMATION PLEASE CONTACT:

StrikePoint Gold Inc.

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

June 8, 2017
STRIKEPOINT GOLD INC. ANNOUNCES GROUNDTRUTH EXPLORATION INVOLVEMENT IN 2017 FIELD SEASON EXPLORATION

By | 2017, Exploration, News

June 8, 2017 StrikePoint Gold Inc. (SKP:TSX-V) (STKXF:OTCQB) is pleased to announce the engagement of Groundtruth Exploration and their ‘Drones to Drill’ program to execute the 2017 exploration program on the Yukon portfolio of properties.

Groundtruth are a Yukon-based company that specialize in exploration activities within the Territory, offering full service programs. StrikePoint has negotiated a dedicated drill and crew to the 2017 work plan, which includes around 7,500m of drilling across three core projects.

The ‘Drones to Drills’ technology allows efficient exploration while having a much lower environmental impact than traditional methods, which is ideal for the current target assessment stage of the StrikePoint portfolio.

The aerial drone surveys capture images which are combined to provide project scale imagery at ultra high resolution, allowing exploration teams to identify outcrops, lithology, structures, access and even environmental data that would have previously been unobtainable.

The Rotary Air Blast (RAB) drill is a remotely controlled track-mounted platform that is pneumatically and hydraulically operated, a 70% reduction compared to diamond drilling costs. Although RAB drills produce chips, this lack of core is overcome by the production of a downhole televiewer that produces a strip log of the hole to compliment the samples. Chips are analyzed by XRF gun at the drill site and information updated to the team each evening. This constant flow of information gives real time data that can be used to guide the drill program on a day to day basis, thus adding to the efficiency.

The Groundtruth methodology can all be completed under ‘Class 1’permits as it requires no water usage or major line cutting / pad building, which is much friendlier to the environment; an important consideration in this stage of drill testing a target.

StrikePoint has begun exploration activities in the Yukon, and drilling will commence in within days, initially starting on the Mahtin property close to Mayo. The rig and crew will then move to Pluto and then on to Golden-Oly.

For further information, please review the Corporate Presentation the StrikePoint Gold Inc. website for a more detailed, comprehensive review of the 2017 exploration program: http://www.strikepointgold.com/images/Yukon-Properties-Presentation.pdf

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