StrikePoint Gold’s Willoughby Surface Sampling Identifies Strike Extensions at NN and Willow Zones with high grade samples including 49 g/t Gold and 777 g/t Silver and 8.59 g/t AuEq over 3 metres at Edge Zone

Vancouver, British Columbia – April 12, 2022 StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (“StrikePoint” or the “Company”) is pleased to announce 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 sampling 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 and to refine diamond drill targeting for 2022 field season. 

Highlights of the remainder of 2021 surface sampling at Willoughby Include:

  • 4.74 g/t AuEq over 7.0 metres, including 8.60 g/t AuEq over 3.0 metres in channel at Edge Zone
  • 11 grabs from NN Zone average 4.28 g/t Au, 159.1 g/t Ag including 17.45 g/t Au, 576 g/t Ag
  • 6 grabs from Willow Zone average 9.91 g/t Au, 151.4 g/t Ag including 49.00 g/t Au and 777 g/t Ag

StrikePoint’s CEO, Shawn Khunkhun, states, “In addition to providing increased definition at the known gold-silver Zones at Willoughby, surface sampling during 2021 at the NN area along strike from the North Zone underground workings has extended total strike of the series of mineralized Zones an additional  113 metres to the north on the Willoughby nunataq. As well, the high-grade gold and silver values and multiple high-grade structures 100 meters south of our Willow Zone drilling are priority drilling targets for our 2022 drilling season. Of particular interest are the high silver assays from these areas”

2021 Willoughby Channel Sampling

These results include seven continuous series of channel samples from steep terrain at the Edge Zone, collected by experienced climbing geologists and technicians using a hydraulic chisel, from well-exposed bedrock hosting disseminated to massive mineralization. The samples cover approximately 40 metres of strike and 20 metres of vertical relief on steep exposure. This sampling suggests that the Edge Zone true thickness ranges from 3 to 8 metres. Coupled with drilling, this sampling suggests dimension of 16 by 48 metres starting at surface.

The Edge  Zone samples, along with channel sampling results from the Icefall zones on the property (News release December 15, 2021, 3.38 g/t AuEq over 15.0 metres including 12.53 g/t AuEq over 2.0 metres in channel W21-CH-004), provide representative assay data from surface expressions projected up-dip and along strike to the north of previous and 2021 drilling (News Release March 2, 2022, 2.76 g/t AuEq over 6.50 metres and 10.16 g/t AuEq over 1.5 metres in hole W21-117).   

The Edge zone is one of the least tested of the seven significant mineralized areas on the Willoughby nunataq. The channel sampling at the Edge Zones confirmed continuous gold and silver mineralization along all seven channel lines in 74 samples with values of up to 18.50 g/t gold and 31.1 g/t silver. Five channel sampling lines intersected the mineralized horizon perpendicular to the strike of the Edge Zone  (W21-CH-008, W21-CH-009, W21-CH-011 to W21-CH-013), and two are along strike (W21-CH-010, W21-CH-014). 

 

Figure 1. Edge zone 2021 Channel Sampling Line location in relation with the 2021 drilling on the Willoughby nunataq.

The gold-silver mineralization consists of replacement-style sulphides within permeable lapilli tuff strata of the Early Jurassic lower Hazelton group. Mineralization is concordant with bedding and ranges from semi-massive to massive pyrite with accessory sphalerite-chalcopyrite. Both W21-CH-008 and W21-CH-013 intersected the mineralized horizon perpendicularly. W21-CH-008 returned 4.74 g/t AuEq over 7.0 metres, including 8.60 g/t AuEq over 3.0 metres. W21-CH-013 is the northernmost channel sampling line, stepped out 48 metres from the previously released 2021 drilling at the Edge zone and returned 3.26 g/t AuEq over 9.0 metres. Both W21-CH-010 and W21-CH-014 are parallel to the mineralization testing continuity along strike. W21-CH-010 returned 3.01 g/t AuEq over 11.0 metres, and W21-CH-014 returned 3.48 g/t AuEq over 18.0 metres, extending the outlined Edge zone mineralization in the 2021 drilling twenty-seven metres further to the north.

Hole-ID

Zone

From (metres)

To (metres)

Length (metres)

Gold (g/t)

Silver (g/t)

AuEq (g/t)

W21-CH-008

Edge

1.00

8.00

7.00

4.65

6.13

4.74

incl.

1.00

4.00

3.00

8.45

10.37

8.60

W21-CH-009

Edge

0.00

1.00

1.00

1.83

3.40

1.88

W21-CH-010

Edge

0.00

11.00

11.00

2.94

4.55

3.01

W21-CH-011

Edge

1.00

3.00

2.00

1.90

3.55

1.95

W21-CH-012

Edge

0.00

13.00

13.00

1.41

2.22

1.44

incl.

0.00

4.00

4.00

2.88

2.80

2.92

W21-CH-013

Edge

1.00

10.00

9.00

3.21

3.17

3.26

W21-CH-014

Edge

0.00

18.00

18.00

3.38

7.48

3.48

Table 1: Highlight channel sampling intercepts at the Edge zone – Willoughby project.

Gold equivalent grade calculated using a 70:1 Ag: Au ratio.

**True widths are estimated to be 70% at this time. All widths reported are channel widths.

Channel-ID

Easting

Northing

Azimuth

Length (metres)

W21-CH-008

463488.0

6203177.0

75

9.00

W21-CH-009

463502.0

6203170.0

78

5.00

W21-CH-010

463488.4

6203168.2

129

11.00

W21-CH-011

463476.0

6203162.0

68

6.00

W21-CH-012

463490.0

6203157.0

98

13.00

W21-CH-013

463485.0

6203196.0

90

12.00

W21-CH-014

463487.0

6203172.0

160

18.00

Table 2:  Willoughby property – Edge Zone Channel Sampling locations and orientations (NAD83 Zone 9).

2021 Willoughby Grab Samples

The remainder of the 2021 select grab samples results were also received from the North-North and Willow zones. The Willow zone is the northern most zone on the property located 800 metres due northeast of the Willoughby nunataq. Surface sampling  returned high grade values ranging from 0.07 to 49.0 g/t Au, averaging 9.91 g/t Au and 3.3 to 777 g/t Ag, averaging 151.4 g/t Ag in a quartz-carbonate veins with massive pyrite-sphalerite within a Jurassic tuff breccia. This mineralization is analogue to that  intersected in the 2021 drilling and is located 100 metres south of any drilling completed in the area.

 

Figure 2. Willow zone surface grab sample location with the gold values displayed in g/t. Annotated texts highlight select anomalous gold assays.

The NN Zone is located at the northernmost end of the Willoughby nunataq, 150 metres north of the North zone. Surface reconnaissance outlined an extension of a wide mineralized north-northwest striking structure comparable to the North fault. These steeply dipping structures are linked to bonanza grade mineralization at the North zone to the south. A total of 11 grab samples were collected, ranging from 0.38 to 17.45 g/t Au, averaging 4.28 g/t Au, and 2.1 to 598.0 g/t Ag, averaging 159.1 g/t Ag. Highlights include 17.45 g/t Au and 576 g/t Ag in sample B0016021 and 13.60 g/t Au and 598 g/t Ag in sample B0016022. 

 

Figure 3. Massive pyrite mineralization within north northwest fault at the NN zone.

 

Figure 4. NN zone surface grab sample location with the gold value displayed in g/t. Annotated texts highlight select anomalous gold assays.

Sample Number

Prospect

Easting

Northing

Au AA23 ppm

Au GRA21 ppm

Ag ME-ICP61 ppm

Ag GRA21 ppm

B0016015

North-North

6203423.0

463242.0

0.70

NC

7.3

NC

B0016016

North-North

6203426.0

463248.0

0.39

NC

12

NC

B0016017

North-North

6203405.0

463264.0

0.98

NC

6.5

NC

B0016018

North-North

6203414.0

463264.0

2.00

NC

18.1

NC

B0016019

North-North

6203421.0

463262.0

1.06

NC

28.3

NC

B0016021

North-North

6203425.0

463269.0

10.00

17.45

100

576

B0016022

North-North

6203430.0

463265.0

10.00

13.60

100

598

B0016023

North-North

6203433.0

463268.0

6.18

NC

100

418

B0016024

North-North

6203442.0

463274.0

3.84

NC

74.8

NC

B0016053

Willow

6204219.0

463422.0

7.12

NC

60

NC

B0016054

Willow

6204203.0

463425.0

2.12

NC

29.1

NC

B0016055

Willow

6204146.0

463482.0

0.79

NC

13

NC

B0016056

Willow

6204124.0

463531.0

0.37

NC

25.8

NC

B0016057

Willow

6204097.0

463525.0

10.00

49

100

777

B0016058

Willow

6202939.0

463721.0

0.07

NC

3.3

NC

Table 3: Willoughby property – North-North & Willow zones Exploration grab samples (NAD83 Zone9).

These encouraging results strengthen the mineralization continuity along the outlined 1,300 metres Willoughby mineralized trend and provide a cost-effective way to test and extend exploration targets on the property. Future work in 2022 is planned to follow up on the mineralization extension at both the Willow, Edge and the North-North zones.

Willoughby Project

The project occurs along the eastern margin of the Cambria Icefield, approximately seven kilometres 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, potentially comagmatic with the Goldslide Intrusive suite at the nearby Red Mountain deposit. 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-kilometre 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. Chip data observation data were recorded and digitized in the field using MX Deposit, directly sampled into a polyurethane bag, and transported from the field to secure storage in Stewart. 

Surface samples for the 2021 exploration program were labelled and shipped to the laboratory using industry standard chain of custody controls. In addition, 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 the 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. 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 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, 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) 609-5137
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 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.

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

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

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

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

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

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

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

Figure 1. Overview Map of Willoughby’s Mineralized Zones

Willow Zone

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

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

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

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

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

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

Edge Zone

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

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

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

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

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

Hole-ID

Zone

From (metres)

To (metres)

Length (metres)

Gold (g/t)

Silver (g/t)

AuEq (g/t)

W21-112

Icefall

Abandoned at 8.00 m due to poor ground conditions

W21-113

Willow

3.00

5.00

2.00

1.04

17.50

1.29

99.00

99.50

0.50

4.49

32.20

4.95

W21-114

Willow

40.60

61.00

20.40

0.41

3.31

0.46

74.00

75.50

1.50

1.26

2.40

1.30

W21-115

Willow

5.00

6.50

1.50

0.61

18.20

0.87

24.50

51.00

26.50

2.39

26.26

2.76

26.00

27.50

1.50

8.82

148.00

10.93

36.12

46.00

9.88

4.44

35.72

4.95

W21-116

Willow

2.00

12.00

10.00

1.77

21.77

2.08

23.00

27.00

4.00

2.15

32.05

2.61

75.50

78.50

3.00

8.54

190.60

11.26

W21-117

Edge

27.00

32.00

5.00

0.76

3.96

0.82

67.50

87.00

19.50

1.90

1.84

1.92

67.50

74.00

6.50

2.71

3.84

2.76

85.50

87.00

1.5

10.15

0.80

10.16

W21-118

Edge

71.00

81.00

10.00

0.95

1.88

0.97

71.00

74.00

3.00

2.47

3.97

2.52

W21-119

Edge

69.00

78.00

9.00

1.52

1.14

1.54

74.50

78.00

3.50

3.22

2.11

3.25

W21-120

Edge

69.00

86.00

17.00

1.18

1.03

1.20

73.00

76.00

3.00

3.33

3.10

3.38

W21-121

Edge

74.50

75.50

1.00

1.66

1.50

1.68

74.50

84.00

9.50

0.37

0.67

0.38

W21-122

Willow

113.50

115.00

1.50

0.84

0.70

0.85

139.00

140.00

1.00

2.85

3.20

2.90

W21-123

Willow

103.50

106.50

3.00

3.01

4.48

3.07

173.50

175.00

1.50

1.33

0.60

1.34

W21-124

Willow

102.50

103.00

0.50

36.90

20.00

37.19

150.84

153.50

2.66

0.77

10.42

0.92

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

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

Hole ID

Easting

Northing

Elev.

Azimuth

Dip

Length

W21-112

6202848

463372

1588

150

-75

8

W21-113

6204205

463520

1845

200

-55

398

W21-114

6204205

463520

1845

235

-65

216

W21-115

6204198

463520

1775

25

-60

203

W21-116

6204198

463520

1775

145

-65

301

W21-117

6202874

463429

1600

70

-65

200

W21-118

6202874

463429

1600

75

-65

200

W21-119

6202874

463429

1600

80

-65

208

W21-120

6202874

463429

1600

85

-65

219

W21-121

6202874

463429

1600

90

-65

201

W21-122

6204284

463475

1812

205

-65

204

W21-123

6204284

463475

1812

210

-55

181.28

W21-124

6204284

463475

1812

210

-45

161

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

2021 Porter Silver property drill results

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

Hole-ID

Zone

From (metres)

To (metres)

Length (metres)

Gold (g/t)

Silver (g/t)

PIP21-023

D-vein & Blind

103.00

104.10

1.10

0.03

49.61

PIP21-023A

D-vein & Blind

Abandoned at 37.00 m due to poor ground conditions

PIP21-024

D-vein & Blind

No significant values

PIP21-025

D-vein & Blind

159.50

161.80

2.30

0.05

53.51

161.30

161.80

0.50

0.09

149.00

PIP21-026

Prosperity

65.50

69.00

3.50

0.01

40.66

68.50

69.00

0.50

0.03

137.00

PIP21-027

Prosperity

No significant values

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

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

Hole ID

Easting

Northing

Elev.

Azimuth

Dip

Length

PIP21-023A

6195962

441782

1598

65

-80

37

PIP21-023

6195962

441782

1598

65

-80

153.1

PIP21-024

6195962

441782

1598

65

-83

255

PIP21-025

6195962

441782

1598

40

-78

215

PIP21-026

6195845

441524

1663

110

-66

80

PIP21-027

6195845

441524

1663

110

-71

59

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

Willoughby project

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

Porter project

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

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

QA/QC

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

Drill core samples are submitted to the ALS Geochemistry facility in Terrace, British Columbia, for preparation and subsequently to the ALS Geochemistry facility in North Vancouver for analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays, and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, split into a representative sub-sample using a riffle splitter, and subsequently, 250g is pulverized. Analysis for gold is by 30g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.005 ppm and an upper limit of 10 ppm. Samples with gold assays greater than 10ppm are re-analyzed using a 30g fire assay with a gravimetric finish. All samples are also analyzed using a 33-element geochemical package utilizing 4-acid digestion and ICP-AES. Samples with silver results of greater than 100ppm are re-analyzed using a 30g fire assay with a gravimetric finish. Samples with copper, lead and zinc values of over 10,000ppm are re-analyzed using a four-acid digestion and an ore-grade ICP-EAS analysis. 

Qualified Person

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

About StrikePoint

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

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

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

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

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

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

StrikePoint Appoints Marilyne Lacasse, P.Geo as Vice-President, Exploration

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

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

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

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

About StrikePoint Gold

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

On behalf of the board of directors 

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

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

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

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