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

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

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

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

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

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

2021 Willoughby Channel Sampling

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

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

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

 

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

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

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

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

Willoughby Project

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

QA/QC

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

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

Samples were submitted to ALS Laboratory facility located in North Vancouver, British Columbia, for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays, and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, split into representative sub-samples using a riffle splitter and subsequently, 250g is pulverized. Multi-element analyses were determined by ICP-AES for 33 elements following a 4-acid digestion process. Analysis for gold is by 30g fire assay with atomic absorption (AAS) finish. Samples that returned with gold assays greater than 10 g/t were re-analyzed using a 30g fire assay with a gravimetric finish.. Samples with silver assays higher than 100 g/t are re-analyzed using a fire assay with gravimetric finish.

Qualified Person

The Qualified Person for this news release for National Instrument 43-101 is Andrew Hamilton, P. Geo, technical advisor to Strikepoint. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About StrikePoint

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

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

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

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

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

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

Strikepoint Gold’s Step-out Drilling at Willoughby Intersects 10.24g/t Gold-Equivalent over 6.16 Meters

Vancouver, British Columbia – December 9, 2021, StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V) (STKXF:OTCQB) is pleased to announce the initial drill results from the 2021 exploration program at the 100%-owned Willoughby gold-silver property, located east of Stewart in British Columbia’s prolific Golden Triangle. 

Results have been received from the first of four areas drilled during the 2021 season targeting extensions to mineralization along strike identified during the 2020 drilling program. Gold-silver mineralization was encountered in all holes. Highlights include:

    • 7.34 g/t Au and 202.85 g/t Ag or 10.24 g/t AuEq over 6.16 meters in W21-109
    • 3.78 g/t Au and 10.45 g/t Ag or 3.93 g/t AuEq over 4.0 meters in W21-110
    • 4.18 g/t Au and 3.47 g/t Ag or 4.23 g/t AuEq over 7.0 meters in W21-110

High-grade gold-silver mineralization encountered in drill hole W21-109 is a step-out of approximately 25 meters down-dip from 2020 intercept W20-106 which intersected 10.04 g/t Au and 5.61 g/t Ag or 10.12 g/t AuEq over 7.72 meters within a broader interval of 4.19 g/t Au and 18.28 g/t Ag over 27.78 meters.

“Willoughby continues to deliver wide, high-grade intervals of gold-silver mineralization in multiple areas.  We are building continuity of structurally-controlled and intrusive-related mineralization and are excited for further incoming results from the rest of the 2021 Willoughby program as well as drill results from our Porter Silver project,” said Shawn Khunkhun, President and CEO of Strikepoint Gold.  

During the 2021 program, 4,050 meters of core drilling in seventeen holes were completed at the Willoughby Property as well as extensive surface chip-channel sampling and mapping of well-exposed, gold-silver mineralization within disseminated to massive sulphides that were follow up to 2020 surface results and in-field observations. The objective of the program was to targets gaps between previously drilled high-grade zones at Willoughby as well as the Willow zone one-kilometer to the north that hosts analogous high-grade mineralization. Assays are currently pending for the remaining 13-holes, as well as all surface sampling results.

Drill holes W20-108 to W20-111 were collared from the same site, testing extensions of the mineralization identified during the 2020 drill program.  Drill hole W21-109 intersected 7.34 g/t Au and 202.85 g/t Ag or 10.24 g/t AuEq over 6.16 meters and W21-110 intersected 2.48 g/t Au and 5.30 g/t Ag or 4.23 g/t AuEq over 4.0 meters and 4.18 g/t Au and 3.47 g/t Ag or 4.23 g/t AuEq over 7.0 meters. These holes are interpreted to occurs within the hanging wall of a shear structure with steep southwest dip associated with dominant sulphide mineralization including semi-massive to sheeted pyrite-galena-sphalerite-chalcopyrite. Holes W21-108 & W21-111 stayed in the footwall to the zone, however sheeted vein sets were observed at depth and are interpreted to indicate close proximity to the mineralized structure which is consistent with surface observation.

Figure 1. 2021 & historic Willoughby Drillhole plan view map with gold assay results for the 2021 drill results

The causative, diorite intrusive rocks at Willoughby are considered comparable to, and potentially co-magmatic with, the Goldslide intrusive suite associated with mineralization at Ascot’s Red Mountain deposit, located seven kilometers west of the property. These intrusive sills are interpreted to have pooled gold bearing-sulphides in permissive Jurassic-aged volcanic rock package below the intrusion creating wide areas of disseminated gold-silver mineralization. This was encountered in the following intercepts: W21-108 1.24 g/t Au and 1.51 g/t Ag over 15-meters, W21-109 2.66 g/t Au and 13.18 g/t Ag over 4.7 meters, W21-110 1.60 g/t Au and 3.19 g/t Ag over 8.5 meters, and W21-111 0.86 g/t Au and 1.70 g/t Ag over 11.0 meters.

Complete results are as follows:

Hole-ID

Azimuth/Dip

From (metres)

To (metres)

Length (metres)

Gold (g/t)

Silver (g/t)

Gold Equivalent (g/t)

W21-108

79/-68

183.00

186.00

3.00

0.96

11.25

1.12

 

210.00

225.00

15.00

1.24

1.70

1.26

 

incl.

210.00

217.00

7.00

1.95

0.89

1.96

 

235.00

241.00

6.00

2.57

6.52

2.66

incl.

235.00

238.00

3.00

3.83

6.83

3.93

257.50

258.50

1.00

3.66

2.40

3.69

314.00

315.00

1.00

2.35

11.50

2.51

W21-109

45/-70

171.30

176.00

4.70

2.66

13.18

2.84

184.00

188.00

4.00

1.06

2.43

1.09

271.00

272.50

1.50

0.89

2.6

0.89

285.34

291.50

6.16

7.34

202.84

10.24

306.50

308.00

1.50

2.00

3.00

2.04

W21-110

45/-73

188.00

192.00

4.00

3.78

10.45

3.93

199.50

208.00

8.50

1.60

3.19

1.65

incl.

199.50

203.50

4.00

2.64

5.21

2.71

237.00

241.00

4.00

2.48

4.1

2.54

284.00

291.00

7.00

4.18

3.47

4.23

W21-111

63/-74

202.00

213.00

11.00

0.86

1.70

0.88

incl.

202.00

204.00

2.00

2.41

4.10

2.47

incl.

212.00

213.00

1.00

1.10

2.20

1.13

223.50

225.00

1.50

0.94

9.80

1.08

243.00

249.00

6.00

0.70

10.6

0.85

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

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

StrikePoint also announces that it has adopted a new stock option plan (the “Fixed Stock Option Plan Up To 10%”). The Plan is subject to TSX Venture Exchange approval and can be viewed in its entirety on SEDAR.

Willoughby Gold-Silver Project

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

QA/QC

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

Drill core samples are submitted to the ALS Geochemistry facility in Terrace, British Columbia, for preparation and subsequently to the ALS Geochemistry facility in North Vancouver for analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays, and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, split into a representative sub-sample using a riffle splitter, and subsequently, 250 g 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 10ppm. 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 30 g fire assay fusion with gravimetric finish with a lower limit of 0.5 ppm and an upper limit of 100 ppm. Samples with silver assays greater than 100 ppm 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 the purposes of National Instrument 43-101 is Andrew Hamilton, P. Geo, technical advisor to Strikepoint. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About StrikePoint

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

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

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

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

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

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

StrikePoint Gold Exploration Update: Drilling Ongoing at High-Grade Porter Silver and Willoughby Gold-Silver Properties

Vancouver, British Columbia–(Newsfile Corp. – August 31, 2021) – StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (“StrikePoint” or the “Company”) is pleased to provide an exploration update for ongoing exploration during the 2021 field season at its 100%-owned Porter Silver and Willoughby gold-silver projects located east of the mining town of Stewart in British Columbia’s prolific Golden Triangle. The Company also announces that Carol Li has resigned from the Board of Directors.

StrikePoint’s President and CEO, Shawn Khunkhun states, “The Golden Triangle is home to some of the largest and richest silver mines on the planet, with over 800 million oz’s discovered to date. This drill program at Porter gives our shareholders exposure to the largest, historic pure silver producers in the Stewart area. Additionally, we continue to drill at multiple, high-grade gold-silver targets at Willoughby, expanding our program with an additional 2,000 meters planned. Finally, I would like to acknowledge Carol’s contributions to the board and wish her success with future endeavours.”

Over 3,700 meters of drilling in 15 core holes have been completed to-date, primarily from the Willoughby Property. All assays are currently pending.

Porter Silver Project

The primary objective of drilling at the Porter Silver Project is to continue to step out from high-grade silver mineralization that was historically mined and direct shipped from multiple structures on the Property: the Prosperity/Porter Idaho and Silverado Mines. Drilling will include targeting extensions to the past-producing D and Blind veins, testing multiple, parallel structures in single drill holes.

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

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

Willoughby Gold-Silver Project

Due to visually encouraging mineralization at the Willoughby Project, StrikePoint has budgeted an additional 2,000 meters of core drilling, testing extensions to multiple high-grade targets. So far in 2021, drilling has targeted the Edge, Icefall, and Wilbie Zones as well as the new Sona-K zone, located 700 metes north of the ‘North Zone’. To-date, drilling as encountered visually encouraging structures and replacement-style mineralization with multiple phases of strong sulphide mineralization, primarily pyrite, pyrrhotite and sphalerite. Additionally, over 123 meters of channel sampling has been completed at Willoughby, including new areas that have been recently exposed by retreating glaciers.

Willoughby is located along the eastern margin of the Cambria Icefield, approximately seven kilometres east of the advanced-staged Red Mountain Deposit owned by Ascot Resources. Strong, coarse-grained pyrite mineralization proximal to Goldslide porphyry at Willoughby that is visually similar to Red Mountain has been encountered in 2021 drilling.

The Willoughby Property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcano-sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of primary pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold. Eight gold and silver mineralized zones have been identified to-date over a one-kilometre strike-length mineralization trend.

Qualified Person

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

About StrikePoint

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

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

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director
604-602-1440
sk@strikepointgold.com

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

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

StrikePoint Gold Commences Drilling At The High-grade Willoughby Gold-Silver Property

Vancouver, British Columbia — July 7, 2021, StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce the commencement of an initial 3,000 metre drilling program at its 100%-owned Willoughby property located east of the mining town of Stewart, British Columbia’s prolific Golden Triangle.

StrikePoint’s President and CEO, Shawn Khunkhun states, “based on the geological breakthrough that identified precious metal-rich massive sulphides in recent drilling and surface sampling programs, our goal for 2021 is to connect the multiple, high-grade zones that comprise the large, gold-silver rich mineralizing system at Willoughby.  With surface mapping and prospecting underway, as well as a second drill to be mobilized shortly to our exceptional high-grade Porter Silver Property, StrikePoint will be one of the most active discovery-focused explorers in the Golden Triangle this season.”

The Willoughby drilling program will step out from 2020’s high grade drill intercepts (See StrikePoint News Release February 3, 2021, 10.0 g/t Gold over 7.72 meters), as well as target extensions of mineralization along strike at the Edge Zone, identified during the 2020 surface sampling program and test the extension along strike to the southeast of the mineralized horizon with the objective of connecting multiple mineralized zones  that form a northwest trend, the common orientation for the large, Jurassic gold-silver deposits in the Golden Triangle..

Willoughby Gold Project

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

Qualified Person

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

Figure 1. Plan view of the proposed 2021 drilling at the Edge Zone at Willoughby.

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

Figure 2. 2020 field photo of the massive sulphide mineralization at the Edge zone.

About StrikePoint

StrikePoint Gold is a gold exploration company focused on discovering 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-silver Property, adjacent to Red Mountain gold deposit. The company also owns a portfolio of gold properties in the Yukon.

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

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

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

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

StrikePoint Gold Closes $4,512,500 Non-brokered Flow-through Private Placement

Vancouver, British Columbia — July 2, 2021, StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB)  is pleased to announce it has closed its previously announced non-brokered private placement of 18,050,000 flow-through units at a price of $0.25 per unit for gross proceeds of $4,512,500. Each flow-through unit will comprise one flow through common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share of the Company at an exercise price of $0.35 per share for a period of 18 months. 

StrikePoint Gold’s CEO, Shawn Khunkhun said, “We are well-positioned as the top explorer in the Golden Triangle with a record treasury exceeding $10 million and having commenced exploration at both our high-grade Porter silver and Willoughby gold-silver Projects, located east of the mining town of Stewart, BC..  Over 8,000 meters of drilling will be completed using two drill rigs, stepping out from previous high-grade intercepts or stopes as well as testing multiple new exploration targets.”

The company paid $243,000 and issued 972,000 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 at both the Porter and Willoughby properties located in the Golden Triangle of Northwest, B.C.

The securities issued in connection with this private placement are subject to a hold period expiring on October 31, 2021.

For further information, follow us on twitter @StrikepointGold and visit our website: www.strikepointgold.com

Qualified Person

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

About StrikePoint

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

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

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

604-602-1440

sk@strikepointgold.com

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

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

StrikePoint Gold Announces Increase To Previously Announced Private Placement To $4 Million

Vancouver, British Columbia — June 16, 2021, 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 $4,000,000 through the sale of  16,000,000 Units at a price of $0.25 per Unit.

Each Unit will comprise one flow through common share and one half of one common share purchase warrant. Each Warrant will entitle the holder to acquire an additional common share of the Company at an exercise price of $0.35 per share for a period of 18 months.

Eventus Capital Corp. has been appointed as a finder in connection with the offering. The Company may pay a cash finder’s fee of 6 per cent and issue finders’ warrants equal to 6 per cent of the gross proceeds raised from investors introduced to the Company by Eventus or such other finders as the Company determines.

The proceeds of the Placement will be utilized to fund the Company’s exploration activities at both the Porter and Willoughby properties located in the Golden Triangle Northwest, B.C.

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 the 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 20,000,000 Units for up to total gross proceeds of $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

Willoughby Gold Project

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

Porter Project

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

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

Qualified Person

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

About StrikePoint

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

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

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

604-602-1440

sk@strikepointgold.com

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

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

StrikePoint Announces 2021 Drill Programs At The High-grade Porter Silver And Willoughby Gold Properties

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

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

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

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

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

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

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

Willoughby Gold Project

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

Porter Project

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

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

Qualified Person

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

About StrikePoint

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

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

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

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

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

 

Strikepoint Gold Announces $2.5m Non-brokered Flow Through Private Placement

Vancouver, British Columbia — June 15, 2021, StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce that it has arranged a non-brokered $2.5 million flow through private placement (the “Placement”) of 10,000,000 units at a price of $0.25 per unit (each a “Unit”).

Each Unit will comprise one flow through common share and one half of one common share purchase warrant. Each Warrant will entitle the holder to acquire an additional common share of the Company at an exercise price of $0.35 per share for a period of 18 months.

Eventus Capital Corp. has been appointed as a finder in connection with the offering. The Company may pay a cash finder’s fee of 6 per cent and issue finders’ warrants equal to 6 per cent of the gross proceeds raised from investors introduced to the Company by Eventus or such other finders as the Company determines.

The proceeds of the Placement will be utilized to fund the Company’s exploration activities at both the Porter and Willoughby properties located in the Golden Triangle North West, B.C.

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 the 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 20,000,000 Units for up to total gross proceeds of $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

Willoughby Gold Project

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

Porter Project

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

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

Qualified Person

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

About StrikePoint

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

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

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

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

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

StrikePoint Gold Enters into a Definitive Agreement with 1911 Gold Corporation for the sale of its Angelina Property in Manitoba and Grants Stock Options

Vancouver, British Columbia — June 7, 2021, StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP: TSX.V)(STKXF: OTCQB) announces that it has signed a definitive agreement dated June 7th, 2021, with 1911 Gold Corporation (“1911”) (AUMB: TSX.V) whereby 1911 will acquire a 100 per cent interest in StrikePoint’s Angelina Property (the “Property”), located approximately 20 kilometres southeast of the 1911’s True North Complex at Bissett, Manitoba in consideration for a $20,000 cash payment and 175,000 common shares in the capital stock of 1911 to Strikepoint. The Company will retain a one percent (1.0% percent) net smelter returns royalty, which may be purchased by 1911 at any time for payment of $500,000.

Shawn Khunkhun, StrikePoint Gold CEO commented, “As we gear up for our most active drill campaign to date, this divestment further reinforces our commitment and focus to our two Flagship gold and silver Projects in BC’s Golden Triangle. Our crews are preparing to mobilize to our Porter Silver and Willoughby Gold-Silver Projects and we will be announcing these drill programs shortly.”

StrikePoint Gold also announces that it has granted 4,850,000 incentive stock options to its directors, officers, consultants and employees pursuant to the Company’s stock option plan. The options are exercisable for a period of five years at a price of $0.25 per share.

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 Porter Silver Project and the high-grade Willoughby Gold-Silver Project. The company also owns a portfolio of gold properties in the Yukon.

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

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

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

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

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

StrikePoint Gold Intersects Massive Sulphides hosting 10.0 g/t Gold over 7.72 Meters within Edge Zone Discovery, Willoughby Project

Vancouver, British Columbia — February 3, 2021, StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP: TSX.V)(STKXF: OTCQB) is pleased to announce drill results from the 2020 exploration drilling program from the 100%-owned Willoughby property located near Stewart in British Columbia’s prolific Golden Triangle.  This drilling program was successful in identifying: 1) a new-high grade discovery at the Edge Zone and 2) long intervals of disseminated gold mineralization at the Wilby area.

Drill Hole W20-106 represents a geological breakthrough and an important discovery at Willoughby, where we targeted high-grade mineralization in a setting that is similar to other major gold deposits in area.  The intrusive-related, gold-bearing massive and stringer sulphide mineralization at the Edge Zone is wide open for expansion.” said Shawn Khunkhun, President and CEO of StrikePoint Gold.  “With a strong treasury and successful exploration programs at both the nearby high-grade Porter Silver Property, and the Willoughby Gold-Silver Project we are poised to be the dominant discovery-focused explorer in the Golden Triangle.”

During 2020, in addition to surface mapping and sampling at Willoughby, the Company completed 1,715 meters of drilling in six holes; four tested disseminated gold-silver at the Wilby Zone and two tested for high-grade intrusive-related mineralization at the Edge Zone.  The Property is in a similar geological setting to nearby deposits such as Premier, Brucejack, Red Mountain and Dolly Varden, underlain by sedimentary volcanic, and intrusive rocks of earliest Jurassic age at a contact with older Triassic sediments; the system is overprinted by younger, Tertiary-age mineralization.  Willoughby hosts at least three styles of mineralization in eight known areas, two of which were tested were tested in this drilling program.

Edge Zone

Drill holes W20-106 and W20-107 were exploration holes testing for mineralization with a similar geological control to Ascot’s Red Mountain Deposit, located 7,000 meters west of Willoughby.  Similar to the Marc and AV Zones at Red Mountain, drill hole W20-106 intersected 4.19 g/t Au and 18.28 g/t Ag over 27.78 Meters with a higher-grade zone of 7.72 Meters averaging 10.04 g/t Au and 5.61 g/t Ag.  This hole is interpreted to be contiguous with historic hole 96-88, which intersected 7.62 g/t Au and 1.43 g/t Ag over 11.47 Meters located approximately 40 meters further north and updip also within the footwall to the sill contact. Gold mineralization is hosted within massive, semi-massive, stringer and disseminated pyrite and pyrrhotite, sphalerite and minor galena.  This mineralization occurs within the footwall to an early Jurassic diorite sill, the same control to the widest areas at Red Mountain.  Gold bearing-sulphides pooled in permissive host rocks below the sill.  From the same drill pad, the last hole of the program, W20-107 was oriented with a more northerly azimuth and a dip that was too shallow to intersect below the sill, encountering wide intervals of disseminated gold mineralization in the hanging wall to the Edge Zone, including 0.53 g/t Au over 39.50 Meters and 0.51 g/t Au over 32.96 Meters.

Wilby Zone

Drill holes W20-102, W20-103, W20-104, and W20-105 were drilled from the same setup and tested an area of disseminated gold-silver mineralization, with the higher grade 1450 lens occurring within.  This area hosts a different style of mineralization to the Edge Zone, with mineralization associated with brittle fault zones hosted within sediments. The conceptual target was to identify potential for large, early-Jurassic disseminated gold deposits similar to Seabridge’s KSM and Tudor’s Treaty Creek Deposits.

Significant intervals at Wilby include: W20-102 intersected 1.13 g/t Au and 7.19 g/t Ag over 19.47 meters and W20-103 intersected 1.22 g/t Au and 15.65 g/t Ag over 33.50 meters, including 3.54 g/t Au and 48.60 g/t Ag over 7.90 meters (within the 1450 lens).

Coupled with previous drilling, these holes were successful in identifying a broad area of northwest-southeast trending mineralization with wide intervals in excess of 1.0 g/t Au.

Complete drill results from the 2020 Program are as follows:

Hole-ID Zone Azimuth/Dip From (meters) To (meters) Length (meters) Gold (gpt) Silver (gpt)
W20-102 Wilby 90/-70 75.00 102.62 27.62 0.88 5.35
    Incl. 75.00 94.47 19.47 1.13 7.19
    Incl. 85.50 89.00 3.50 3.58 27.72
W20-103 Wilby 54/-60 45.50 46.15 0.65 5.76 14.20
      68.00 101.50 33.50 1.22 15.65
    Incl. 79.00 86.90 7.90 3.54 48.60
W20-104 Wilby 10/-55 145.00 150.79 5.79 1.49 8.61
      179.50 199.50 20.00 0.36 2.52
W20-105 Wilby 135/-75 78.18 85.91 7.73 0.40 4.53
W20-106 Wilby/Edge 65/-68 246.00 286.00 40.00 3.00 13.14
    Incl. 250.00 277.78 27.78 4.19 18.28
    Incl. 250.00 260.22 10.22 8.59 4.82
    Incl. 252.50 260.22 7.72 10.04 5.61
W20-107 Wilby/Edge 35/-56 205.00 244.50 39.50 0.53 1.75
      266.00 298.96 32.96 0.51 4.98
    Incl. 285.00 298.00 13.00 0.64 7.90

*True width are estimated to be 70 to 90% of drilled length

Figure 1. 2020 Willoughby Drillhole plan view map

Figure 2. Massive to semi-massive pyrrhotite-pyrite with minor chalcopyrite in hole W20-106, depth 268.5 to 270.00 meters

Figure 3. 2020 & Historical Drillholes with notable mineralized intervals, North-South vertical section, looking East, 75 meters window

Willoughby project

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

QA/QC

Samples for the 2020 exploration program were all drill core labelled, sawn in half, with one-half placed in sealed bags and shipped with a chain of custody controls to the laboratory. The remaining drill core is subsequently securely stored in Stewart, BC. The company implements a rigorous Quality Control/Quality Assurance program, including the insertion of standards, blanks, and duplicates at regular intervals in the sample stream to monitor laboratory performance.

Drill core samples are submitted to the ALS Geochemistry facility in Terrace, British Columbia, for preparation and subsequently to the ALS Geochemistry facility in North Vancouver for analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays, and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, split into a representative sub-sample using a riffle splitter, and subsequently, 250g is pulverized. Analysis for gold is by 30g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.005 ppm and an upper limit of 10 ppm. Samples with gold assays greater than 10ppm are re-analyzed using a 30g fire assay fusion with a gravimetric finish. Analysis for silver is by 30g fire assay fusion with gravimetric finish with a lower limit of 0.5 ppm and an upper limit of 100ppm. Samples with silver assays greater than 100ppm are re-analyzed using a gravimetric silver concentrate method. All samples are also analyzed using a 33 multi-elemental geochemical package by 4-acid digestion (ICP-AES).

Qualified Person

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

About StrikePoint

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

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

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

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

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

 

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