StrikePoint’s Willoughby Gold-Silver Property Returns Surface Samples up to 37.3 g/t Gold and 263 g/t Silver in New Areas of Massive Sulphide and Veining

StrikePoint’s Willoughby Gold-Silver Property Returns Surface Samples up to 37.3 g/t Gold and 263 g/t Silver in New Areas of Massive Sulphide and Veining

Vancouver, British Columbia–(Newsfile Corp. – December 14, 2020) – StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (“StrikePoint” or the “Company”) is pleased to announce highly encouraging surface sampling results from 2020 Exploration Program at the 100%-owned Willoughby gold-silver property, located east of the community of Stewart in British Columbia’s prolific Golden Triangle. Surface exploration and diamond drilling has sampled and drilled both high-grade gold-silver structures, as well as bulk-tonnage disseminated gold targets. All 2020 drill assays results are pending, as well as additional surface sampling results.

StrikePoint’s CEO, Shawn Khunkhun, states, “The 2020 exploration campaign at the Willoughby property has yielded some very encouraging results from new areas that were recently exposed by the rapidly melting Cambria Icefield. We eagerly await drill assays from Willoughby and surface sampling assays from the high-grade Porter silver Property. Our objective during this year’s program at these Golden Triangle Properties is to significantly expand the strike length of gold-silver mineralization; we are exceptionally excited about the quality of work completed and hope the remainder of results before the end of 2020 or in January 2021.”

Bulk-tonnage, disseminated gold targets at Willoughby are of a similar geological age and style as intrusive related deposits at Seabridge’s KSM and recently purchased Snowfield systems, and Tudor Gold’s Treaty Creek Project. The early-Jurassic mineralizing system at Willoughby extends for several kilometers north and south to Properties explored during 2020 by Decade Resources and Teuton Resources. High-grade, structurally controlled epigenetic deposits at the Willoughby Property are also of a similar age and style to deposits at Ascot’s Red Mountain and Premier/Big Missouri Deposits to the west of the Property and Pretium’s Brucejack Mine located further north.

2020 Willoughby Sampling

The company received assay results from 232 grab and channel samples collected during 2020 at Willoughby additional assays from the surface sampling and drilling programs are pending. Surface sampling and mapping during this program was completed at the Edge, Wilkie, Wilby and Upper Icefall zones. Experienced geologists completed detailed 1:1,500 scale mapping of areas where extensive ice recession has occurred, notably between the Edge and Wilby Zones. Assay results of this sampling range from trace to 37.3 g/t Au and trace to 263 g/t Ag. A total of 37 samples assayed over 1.0 g/t Au.

The sampling of the newly exposed outcroppings uncovered massive to semi-massive pyrite-sphalerite-chalcopyrite in veins and replacement-style mineralization in Edge zone area (figure 1). Additional surface assays from the North zone are still pending.

Figure 1. Massive pyrite-chalcopyrite-spahlerite mineralization observed at the Edge zone

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5044/70160_strikepointfigure1enhanced.jpg

Figure 2: Willoughby project Geochemistry Surface Sample map

To view an enhanced version of Figure 2, please visit:
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Willoughby project

The project occurs along the eastern margin of the Cambria Icefield, approximately seven kilometers east of the advanced-staged 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, native gold. Eight gold and silver mineralized zones have been identified to-date over a one-kilometer strike-length mineralization trend.

QA/QC

Surface samples for the 2020 exploration program were labeled and shipped with a chain of custody controls to the laboratory. The company implements a rigorous Quality Control/Quality Assurance program, including the insertion of Standards, Blanks, and duplicate at regular intervals in the sample stream to monitor laboratory performance.

Drill core samples are submitted to ALS Labratory. facility 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-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 fusion with a gravimetric finish. Analysis for silver is by 30g fire assay fusion with gravimetric finish with a lower limit of 2ppm and upper limit of 100ppm. Samples with silver assays higher than 100ppm are re-analyzed using a gravimetric silver concentrate method. All samples are also analyzed using a 33 multi-elemental geochemical package by 4-acid digestion (ICP-AES).

Qualified Person

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

About StrikePoint

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/70160

 

STRIKEPOINT GOLD CLOSES $1,000,000 NON-BROKERED FLOW THROUGH PRIVATE PLACEMENT

November 16, 2020, Vancouver, B.C., Further to its news release dated November 9, 2020, StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce that it has closed its previously announced non-brokered private placement of 4,761,906 flow through units (each an “FT Unit”) raising gross proceeds of $1,000,000 at a price of $0.21 per FT Unit (the “Placement”). Each FT Unit will comprise one flow through common share and one warrant (a “Warrant”) with each Warrant entitling the holder to acquire one additional common share of the Company at an exercise price of $0.25 per share for a period of two years.

The Company paid $60,000 and issued 285,714 finder’s warrants in connection with the private placement.  The finder’s warrants are issued on the same terms as the Warrants.

The proceeds of the Placement will be utilized to fund the Company’s exploration activities on its existing mineral property portfolio and general working capital.

The securities issued in connection with this private placement are subject to a hold period expiring on March 14, 2021.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

 

About StrikePoint

StrikePoint Gold is a gold and silver exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle: the past-producing high-grade Porter Silver Project and the high-grade Willoughby Gold Project. The company also owns a portfolio of gold properties in the Yukon and has Eric Sprott, Skeena Resources and Ascot Resources as significant shareholders.

 

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.

 

Cautionary note regarding forward-looking statements

 

This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking statements and information include, but are not limited to, statements in respect of the proposed Placement including the timing for completion, the possibility of increasing the size of the Offering, the proposed use of proceeds and the receipt of regulatory and stock exchange approvals.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the requirement for regulatory approvals; enhanced uncertainty in global financial markets as a result of the current COVID-19 pandemic; unquantifiable risks related to government actions and interventions; stock market volatility; regulatory restrictions; and other related risks and uncertainties.

Forward-looking information are based on management of the parties’ reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward looking information represents management’s best judgment based on information currently available. No forward looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

STRIKEPOINT GOLD ANNOUNCES $1M NON-BROKERED FLOW THROUGH PRIVATE PLACEMENT

Vancouver, British Columbia — November 9, 2020, StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce it has arranged a non-brokered $1 million flow through private placement (the “Placement”) of 4,761,906 units at a price of $0.21 per unit (each a “Unit”). It is anticipated that offering be subscribed by one single institutional investor.

Each Unit will comprise one common share and one share purchase warrant (each a “Warrant”). Each Warrant will entitle the holder to acquire an additional common shares of the Company at an exercise price of $0.25 per share for a period of two years.

Finder’s fees may be payable in connection with the Placement in accordance with applicable securities laws and the policies of the TSX Venture Exchange (“TSXV”).

The proceeds of the Placement will be utilized to fund the Company’s exploration activities on its existing mineral property portfolio.

Directors and officers of the Company may acquire securities under the Placement, which participation would be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The closing of the Placement is subject to receipt of all necessary regulatory approvals, including the acceptance of the TSXV.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

 

About StrikePoint

StrikePoint Gold is a gold and silver exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle: the past-producing high-grade Porter Silver Project and the high-grade Willoughby Gold Project. The company also owns a portfolio of gold properties in the Yukon and has Eric Sprott, Skeena Resources and Ascot Resources as significant shareholders.

 

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.

Cautionary note regarding forward-looking statements

This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking statements and information include, but are not limited to, statements in respect of the proposed Placement including the timing for completion, the possibility of increasing the size of the Offering, the proposed use of proceeds and the receipt of regulatory and stock exchange approvals.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the requirement for regulatory approvals; enhanced uncertainty in global financial markets as a result of the current COVID-19 pandemic; unquantifiable risks related to government actions and interventions; stock market volatility; regulatory restrictions; and other related risks and uncertainties.

Forward-looking information are based on management of the parties’ reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward looking information represents management’s best judgment based on information currently available. No forward looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

STRIKEPOINT GOLD CLOSES $4.28 MILLION PRIVATE PLACEMENT

October 5, 2020, Vancouver, B.C., Further to its news releases dated September 8, 2020 and September 10, 2020, StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce that it has closed its previously announced non-brokered private placement offering of units (the “Units”) of the Company raising $3,282,995 through the sale of  21,886,633 Units at a price of $0.15 per Unit (the “NFT Placement”).

As previously announced, each Unit is comprised of one common share and one share purchase warrant (each a “Warrant”) with each Warrant entitling the holder to acquire additional common shares of the Company at an exercise price of $0.25 per share for a period of two years.

The Company also announces that it has closed its previously announced non-brokered private placement of 4,761,906 flow through units (each an “FT Unit”) raising gross proceeds of $1,000,000 at a price of $0.21 per FT Unit (together with the NFT Placement, the “Placement”). Each FT Unit will comprise one flow through common share and Warrant.

The Company paid $15,597 and issued 103,980 finder’s warrants in connection with the private placement.

The proceeds of the Placement will be utilized to fund the Company’s exploration activities on its existing mineral property portfolio and general working capital.

The securities issued in connection with this private placement are subject to a hold period expiring on February 3, 2021.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

 

About StrikePoint

StrikePoint Gold is a gold and silver exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle: the past-producing high-grade Porter Silver Project and the high-grade Willoughby Gold Project. The company also owns a portfolio of gold properties in the Yukon and has Eric Sprott, Skeena Resources and Ascot Resources as significant shareholders.

 

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.

 

Cautionary note regarding forward-looking statements

 

This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

 

Forward-looking statements and information include, but are not limited to, statements in respect of the proposed Placement including the timing for completion, the possibility of increasing the size of the Offering, the proposed use of proceeds and the receipt of regulatory and stock exchange approvals.

 

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the requirement for regulatory approvals; enhanced uncertainty in global financial markets as a result of the current COVID-19 pandemic; unquantifiable risks related to government actions and interventions; stock market volatility; regulatory restrictions; and other related risks and uncertainties.

 

Forward-looking information are based on management of the parties’ reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

 

The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward looking information represents management’s best judgment based on information currently available. No forward looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

STRIKEPOINT GOLD ANNOUNCES INCREASE TO PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO $3.0 MILLION; ADDITIONAL $1.0 M FLOW THROUGH PLACEMENT

September 10, 2020, Vancouver, B.C., StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce it has increased the size of the previously announced non-brokered private placement offering of units (the “Units”) of the Company to $3,000,000 through the sale of  20,000,000 Units at a price of $0.15 per Unit (the “NFT Placement”).

As previously announced, each Unit will comprise one common share and one share purchase warrant (each a “Warrant”). Each Warrant will entitle the holder to acquire an additional common shares of the Company at an exercise price of $0.25 per share for a period of two years.

The Company also announces that it has arranged the sale of 4,761,905 flow through units (each an “FT Unit”) to raise aggregate gross proceeds of $1,000,000 at a price of $0.21 per FT Unit (together with the NFT Placement, the “Placement”). Each FT Unit will comprise one flow through common share and Warrant.

Finder’s fees may be payable in connection with the Placement in accordance with applicable securities laws and the policies of the TSX Venture Exchange (“TSXV”).

The proceeds of the Placement will be utilized to fund the Company’s exploration activities on its existing mineral property portfolio and general working capital.

The closing of the Placement is subject to receipt of all necessary regulatory approvals, including the acceptance of the TSXV.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

 

About StrikePoint

StrikePoint Gold is a gold and silver exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle: the past-producing high-grade Porter Silver Project and the high-grade Willoughby Gold Project. The company also owns a portfolio of gold properties in the Yukon and has Eric Sprott, Skeena Resources and Ascot Resources as significant shareholders.

 

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.

 

Cautionary note regarding forward-looking statements

 

This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking statements and information include, but are not limited to, statements in respect of the proposed Placement including the timing for completion, the possibility of increasing the size of the Offering, the proposed use of proceeds and the receipt of regulatory and stock exchange approvals.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the requirement for regulatory approvals; enhanced uncertainty in global financial markets as a result of the current COVID-19 pandemic; unquantifiable risks related to government actions and interventions; stock market volatility; regulatory restrictions; and other related risks and uncertainties.

Forward-looking information are based on management of the parties’ reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward looking information represents management’s best judgment based on information currently available. No forward looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

STRIKEPOINT GOLD UPDATES 2020 EXPLORATION PROGRAM FOR NORTHWEST BC GOLD AND SILVER PROPERTIES

Vancouver, British Columbia — September 9, 2020, StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide an update on its 2020 drilling and surface exploration programs on its 100%-owned high-grade Willoughby gold-silver Property and Porter Silver Property located east of Stewart, BC in British Columbia’s prolific Golden Triangle.  With assays pending for the Phase I drilling program from Willoughby, upcoming work will focus on the past-producing high-grade Porter Silver Project.

While the Company awaits assay results from drilling and surface sampling for Willoughby, we will keep our drill pads and infrastructure in place for potential follow-up drilling,” said Shawn Khunkhun, StrikePoint’s President and CEO. “We are currently focused on exploring for new and extension veins at the high-grade Porter Silver Property.  Our primary goal is to discover new silver veins in order to connect the Silverado mine on the north side with the Prosperity/Porter Idaho mines on the south side of the mineralized structural corridor.  Most importantly, I am exceptionally proud of our team’s productivity and success in meeting operational milestones and goals, despite challenging weather conditions all summer and heightened safety protocols being implemented.”

Willoughby Gold-Silver Property

The main objectives of the 2020 exploration program at the Willoughby gold-silver property has been to improve continuity of high-grade and to test broad zones of disseminated gold and silver mineralization encountered in previous drilling and surface sampling. Surface exploration commenced on July 29, 2020 and drilling began on August 10, 2020.  The Property is located on the east side of the Cambria Icefield, seven kilometers east the advanced-stage Red Mountain Gold Deposit owned by Ascot Resources.

The Property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of strong pyrite mineralization with lesser pyrrhotite, sphalerite, galena, chalcopyrite, and native gold. Eight gold and silver mineralized zones have been identified to-date over the mineralized trend which extends onto Decade/Teuton Resources’ Del Norte Property.

Extensive surface sampling has been completed, targeting high-grade newly exposed mineralization with 262 surface samples collected, with all assays currently pending. In addition, over 1,700 meters of drilling in seven holes have been completed so-far in 2020, with all holes submitted for assay.

Porter Silver Property

At the high-grade Porter Silver Property, the focus of the 2020 exploration season will be linking the two-past-producing high-grade silver mines on the property: the Silverado (northwest) and Prosperity/Porter Idaho (southeast) mines that outcrop 2,000 meters apart on the opposite sides of Mount Rainey, overlooking the town of Stewart, BC. Upcoming work will include exploration for new veins that have been identified outside of the historic resources and past producing areas.  The Silverado glacier has retreated significantly over recent years, with prospecting planned in newly exposed areas. In steeper locations of the Property, experienced mountaineering crews and climbing geologists will be employed to sample new exposures.  A drill program based out of Stewart has been planned to target high-grade silver veins previously reported through historical stoping, drilling, surface sampling as well as recent exploration programs by StrikePoint.

The Porter Project is strategically located near tidewater, overlooking the town of Stewart, BC. The Property was profitably mined between 1929 and 1931 by the Premier Mining Company, producing 27,123 tonnes of direct-shipping ore with recovered grades of 2,542 g/t silver (73.8 oz/ton Ag) and 1 g/t gold (yielding approximately 2.2 million ounces of silver) as well as base metals. The Porter Project contains an historic Indicated Resource of 394,700 tonnes grading 868 g/t silver, 3.37% lead and 1.41% zinc (435,000 tons @ 25.2 oz/ton silver or a contained 11 million ounces) and an historic Inferred Resource of 88,900 tonnes grading 595 g/t silver (97,900 tons @ 17.3 oz/ton silver or a contained 1.7 million ounces)**. Mineralization is hosted within shear-hosted, silver-rich vein systems. Individual structures have been traced through surface mapping for over 200 meters along strike and 1,000 meters down-dip with widths ranging from one to thirteen meters.

**CAUTION:  Estimates of mineral resources are dated March 10, 2008, and were prepared by independent consulting geologist N.C. Carter, Ph.D., P. Eng. for Raimount Energy Inc. and re-stated for Mount Rainey Silver Inc. on May 15, 2012. The foregoing estimates made use of an extensive database detailing the results of both underground sampling programs as well as surface and underground diamond drilling. The Mineral Estimates were prepared according to CIM Standards on Mineral Resources and Reserves. The reader is cautioned that a Qualified Person on behalf of StrikePoint has not done sufficient work to verify either the underlying sampling data or the calculation methodology to consider this to be a current resource. As a result, StrikePoint is treating this mineral resource as a Historical Estimate, as defined in National Instrument 43-101. StrikePoint has not yet determined what work needs to be completed to upgrade or verify the Historical Estimate.

Qualified Person

Marilyne Lacasse, P. Geo. is the Project Manager and Qualified Person for StrikePoint Gold as defined by National Instrument 43-101, for the Willoughby and Porter projects.  A comprehensive QA/QC Program including: standards, blanks and duplicate samples and chain of custody controls are in-place for the 2020 Exploration Program on StrikePoint’s properties.  Ms. Lacasse has prepared, reviewed and approved the technical content of this news release.

About StrikePoint

Strikepoint Gold is an exploration company focused on building high-grade precious metal resources in Canada. The company controls two advanced-stage exploration assets in British Columbia’s Golden Triangle: the past-producing high-grade Porter silver project and the high-grade Willoughby gold-silver property, which is adjacent to Red Mountain. The company also owns a portfolio of gold properties in Yukon and has strategic shareholders including Eric Sprott, Ascot Resources and Skeena Resources.

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

“Shawn Khunkhun”

Shawn Khunkhun

Chief Executive Officer and Director

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

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

For more information, please contact:

StrikePoint Gold Inc.

Shawn Khunkhun, CEO and Director

T: (604) 602‐1440

E: sk@strikepointgold.com

W: www.strikepointgold.com

STRIKEPOINT GOLD ANNOUNCES $2M NON-BROKERED PRIVATE PLACEMENT

Vancouver, British Columbia — September 8, 2020, StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce that it has arranged a non-brokered $2 million private placement (the “Placement”) of 13,333,333 units at a price of $0.15 per unit (each a “Unit”). The offering will include a lead order by Crescat Capital.

Quote from Kevin Smith, Crescat’s founder and chief investment officer:

“Crescat is taking a friendly activist approach to investing in the precious metals mining industry today. Our goal at this stage of the cycle is to identify and invest in a portfolio of the largest and most economic new gold and silver deposits in viable jurisdictions around the world. We are excited about the high grade intercepts at StrikePoint’s Willoughby gold property and are eager to support the company in building out the deposit.”

ABOUT CRESCAT

Crescat Capital LLC (‘Crescat’) is a global macro asset management firm headquartered in Denver, Colorado. Crescat’s mission is to grow and protect wealth over the long term by deploying tactical investment themes based on proprietary value-driven equity and macro models. Crescat’s goal is industry leading absolute and risk-adjusted returns over complete business cycles with low correlation to common benchmarks. Crescat’s investment process involves a mix of asset classes and strategies to assist with each client’s unique needs and objectives and includes Global Macro, Long/Short, Large Cap and Precious Metals funds.

Crescat’s gold and silver mining investments are advised by technical consultant Quinton Hennigh, PhD. Dr. Hennigh is a world-renowned exploration geologist with more than 30 years of experience including with major gold mining firms Homestake Mining, Newcrest Mining, and Newmont Mining.

Each Unit will comprise one common share and one share purchase warrant (each a “Warrant”). Each Warrant will entitle the holder to acquire an additional common share of the Company at an exercise price of $0.25 per share for a period of two years.

Finders’ fees may be payable in connection with the Placement in accordance with applicable securities laws and the policies of the TSX Venture Exchange (“TSXV”).

The proceeds of the Placement will be utilized to fund the Company’s exploration activities on its existing mineral property portfolio and general working capital.

Directors and officers of the Company may acquire securities under the Placement, which participation would be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The closing of the Placement is subject to receipt of all necessary regulatory approvals, including the acceptance by the TSXV.

The Company reserves the right to increase the number of Units issued pursuant to the Placement to up to 16,666,667 Units for up to total gross proceeds of $2.5 million.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

 

About StrikePoint

StrikePoint Gold is a gold and silver exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle: the past-producing high-grade Porter Silver Project and the high-grade Willoughby Gold Project. The company also owns a portfolio of gold properties in the Yukon and has Eric Sprott, Skeena Resources and Ascot Resources as significant shareholders.

 

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.

Cautionary note regarding forward-looking statements

This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking statements and information include, but are not limited to, statements in respect of the proposed Placement including the timing for completion, the possibility of increasing the size of the Offering, the proposed use of proceeds and the receipt of regulatory and stock exchange approvals.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the requirement for regulatory approvals; enhanced uncertainty in global financial markets as a result of the current COVID-19 pandemic; unquantifiable risks related to government actions and interventions; stock market volatility; regulatory restrictions; and other related risks and uncertainties.

Forward-looking information are based on management of the parties’ reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward looking information represents management’s best judgment based on information currently available. No forward looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

STRIKEPOINT GOLD UPDATES EXPLORATION PROGRAM AT WILLOUGHBY PROJECT, TARGETING HIGH-GRADE GOLD AND SILVER; GRANTS STOCK OPTIONS

Vancouver, British Columbia — Aug 4, 2020 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) announces that ongoing surface exploration work, including construction of drill pads, mapping and channel sampling is highly encouraging, at the 100% owned Willoughby Property, located in the BC’s prolific Golden Triangle 30km east of Stewart, BC. Exploration work is designed to target new areas of sulphide mineralization and prospective alteration with the purpose of identifying and refining drill targets. To-date, 150 surface samples have been shipped for analysis.

StrikePoint’s President and CEO, Shawn Khunkhun commented “The focus of 2020 exploration has two objectives: first, to improve continuity of high-grade mineralization at Willoughby by targeting structural traps and second, test broad zones of early-Jurassic, intrusive-related disseminated gold mineralization similar to the large deposits at Seabridge’s KSM and Iskut Properties, Pretium’s Snowfield deposit and Tudor/Teuton/American Creek’s exciting new Treaty Creek discovery.”

Assay results from the surface samples will be released in the coming weeks, in addition to announcement of the start of diamond drilling  Additionally, the Company will shortly be commencing work at StrikePoint’s Porter Property, a 100% owned, high-grade, past-producing silver deposit located immediately east of the town of Stewart.  More information on the Properties can be found at strikepointgold.com.

 

Grant of Stock Options

The Company also reports that 5,175,000 incentive stock options to its directors, officers, consultants and/or employees pursuant to the Company’s stock option plan.  The options are exercisable for a period of five years at a price of $0.20 per share.

 

Willoughby Project

The Willoughby Project occurs along the eastern margin of the Cambria Icefield, located approximately seven kilometres east of the advanced-staged Red Mountain Gold Deposit acquired by Ascot Resources from IDM Mining. The property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of primary pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold and. Eight gold and silver mineralized zones have been on the Property to-date.

 

QA/QC and Qualified Person

Samples for the 2020 program are collected by experienced geologists and technicians, placed in sealed bags and shipped to ALS Labs in Terrace, BC for sample preparation, and subsequently to Vancouver, BC for gold and multi-element ICP analysis. A Quality Control/Quality Assurance program including the insertion of Standards and Blanks has been implemented. The 2020 Exploration Program is performed under the supervision of Marilyne Lacasse, P.Geo, Qualified Person as defined by National Instrument 43-101. Ms. Lacasse has prepared and approved reviewed the technical data in this news release.

About StrikePoint

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

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

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

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

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

 

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

 

 

STRIKEPOINT GOLD ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Vancouver, British Columbia — July 24, 2020 – Further to the Company’s news release dated July 8, 2020, StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce that it has completed its non-brokered private placement financing to a single subscriber, Eric Sprott, raising gross proceeds of $1,955,000 through the issuance of up to 23,000,000 units at a price of $0.085 per unit.  Each unit is comprised of one common share of the Company and one-half share purchase warrant with each whole warrant entitling the holder to acquire an additional common share of the Company at a price of $0.12 per share for a period of 24 months from the date of closing.

Mr. Sprott through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, acquired 23,000,000 Units pursuant to the Private Placement for a total consideration of $1,955,000. Subsequent to the Private Placement, Mr. Sprott beneficially owns or controls 29,842,000 Shares of the Company and 11,500,000 Warrants representing approximately 19.6% of the issued and outstanding Shares of the Company on a non-diluted basis and approximately 25.2% of the issued and outstanding Shares of the Company on a partially diluted basis assuming exercise of the warrants acquired hereunder and forming part of the Units. Prior to the Financing, Mr. Sprott beneficially owned or controlled 6,842,000 Common Shares of the Company.

The Units were acquired by Mr. Sprott for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Strikepoint Gold including on the open market or through private acquisitions or sell securities of Strikepoint Gold including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other factors that Mr. Sprott considers relevant from time to time.

A copy of Sprott’s early warning report will appear on Strikepoint Gold’s profile on SEDAR and may also be obtained by calling Mr. Sprott’s office at (416) 945-3294 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).

1,380,000 Units were issued to Mackie Research Capital Corporation as a Finder’s Fee in connection with the financing.  The finder’s warrants forming a part of the Unit 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 November 24, 2020.

Proceeds from the private placement will be used for exploration costs and general working capital.

About StrikePoint

StrikePoint Gold is a gold and silver exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle: the past-producing high-grade Porter Silver Project and the high-grade Willoughby Gold Project. The company also owns a portfolio of gold properties in the Yukon and has Eric Sprott, Skeena Resources and Ascot Resources as significant shareholders.

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.

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

 

STRIKEPOINT GOLD ANNOUNCES $1.955M STRATEGIC INVESTMENT BY ERIC SPROTT, INCREASING HIS HOLDINGS TO 19.9%

Vancouver, British Columbia — July 8, 2020 – StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce a non-brokered private placement financing to a single subscriber, Eric Sprott, raising gross proceeds of up to $1,955,000 through the issuance of up to 23,000,000 units at a price of $0.085 per unit. Each unit will be comprised of one common share of the Company and one-half share purchase warrant with each whole warrant entitling the holder to acquire an additional common share of the Company at a price of $0.12 per share for a period of 24 months from the date of closing.

“With this investment by Eric Sprott, StrikePoint is positioned to advance our high-grade gold and silver properties in Golden Triangle. We have the targets, the team and now the capital to unlock value for our shareholders.” remarked chief executive officer of StrikePoint, Shawn Khunkhun.

A 6% Unit finder’s fee will be payable in connection with this private placement.

Proceeds from the private placement will be used for exploration costs and general working capital.

The non-brokered private placement is subject to TSX Venture Exchange approval.

About StrikePoint

StrikePoint Gold is a gold and silver exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle: the past-producing high-grade Porter Silver Project and the high-grade Willoughby Gold Project.. The company also owns a portfolio of gold properties in the Yukon and has Eric Sprott, Skeena Resources and Ascot Resources as significant shareholders.

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.

 

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