Category

Drilling

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

By | 2017, Drilling, News, Pluto

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

Highlights

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

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

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

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

Pluto Property

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

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

Charon Target

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

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

Drill results were as follows:

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

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

Hydra Target

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

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

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

Other Targets

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

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

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

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



QA/QC

The Company maintains a rigorous QA/QC program with respect to the preparation, shipping, analysis and checking of all samples and data from the properties. Quality control for field sampling and drill samples at the Company’s projects covers the complete chain of custody of samples, including sample handling procedures and analytical-related work, plus the insertion of standard and blank materials. The QA/QC program also includes data verification procedures. ALS Laboratories in Vancouver, Canada (ISO 17025:2005 accreditation) assayed all grab samples from the current field program using fire assay and ICP Mass Spectroscopy methods. Drill samples were processed by Bureau Veritas Labs in Vancouver, Canada (ISO9001:2008 accreditation).

The technical information contained in this news release has been approved by Andy Randell, P. Geo., Vice President, Exploration of StrikePoint Gold.  Mr. Randell is a qualified person as defined in NI 43-101.

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

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

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

 

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

By | 2017, Drilling, Geochemistry, News

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

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

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

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

QA/QC

The Company maintains a rigorous QA/QC program with respect to the preparation, shipping, analysis and checking of all samples and data from the properties. Quality control for field sampling and drill samples at the Company’s projects covers the complete chain of custody of samples, including sample handling procedures and analytical-related work, plus the insertion of standard and blank materials. The QA/QC program also includes data verification procedures. ALS Laboratories in Vancouver, Canada (ISO 17025:2005 accreditation) assayed all samples from the current field program using fire assay and ICP Mass Spectroscopy methods.

The technical information contained in this news release has been approved by Andy Randell, P. Geo., Vice President, Exploration of Strikepoint Gold.  Mr. Randell is a qualified person as defined in NI 43-101.

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

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

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

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

By | 2017, Drilling, Kluane, News

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

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

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

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

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

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

The Pluto Property

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

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

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

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

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

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

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

By | 2017, Drilling, Mahtin, Mayo, News

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

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

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

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

Mahtin Property

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

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

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

FOR FURTHER INFORMATION PLEASE CONTACT:

StrikePoint Gold Inc.

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

Feb. 2, 2016
STRIKEPOINT GOLD INC. INTERSECTS BROAD THICKNESS OF SIGNIFICANT MINERALIZATION, LOBSTICK GOLD PROJECT, ONTARIO

By | 2016, Drilling, Lobstick, News

VANCOUVER, BRITISH COLUMBIA—(February 2, 2016) – Strike Point Gold Inc. (the “Company” or “StrikePoint”) (TSX VENTURE:SKP) is pleased to announce the first phase of drilling at the Lobstick Gold Property near Sioux Narrows, Ontario is now completed with the assay results.  The property is located in the developing Wabigoon Subprovince of the Superior Province.

The first phase of drilling has been successful in delineating broad zones of gold mineralization consistent with similar low-grade, bulk tonnage type deposits currently being developed in the Superior Province.  This program was successful despite Strikepoint Gold’s limited amount of drilling performed on the property.  A total of only 1,040 meters were completed between 3 drillholes.

Highlights within these broad zones of mineralization:

LB15-01:  35.0 m of 0.68 g/t Au (includes 15.3 m of 1.25 g/t Au).
LB15-02:  38.0 m of 0.87 g/t Au (includes 18.0 m of 1.54 g/t Au).

32.2 m of 0.39 g/t Au
21.5 m of 0.24 g/t Au

LB15-03:  95.0 m of 0.44 g/t Au (includes 30.0 m of 0.82 g/t Au)

What is unique about these mineralized intersections is the grade consistency and continuity. Mineralization seems to be distributed within a series of 3 distinct zones (as displayed in LB15-02), with some overlapping of these zones along strike.  LB15-01 is lacking more significant thickness than the other holes partly because the hole wasn’t extended far enough.

Similar mineralized intersections are currently being developed at various deposits in the Superior Province.  Within these mineralized systems, eventually higher grade zones are discovered in these broad mineralized envelopes, which is the catalyst for economic development. “Now that we know more precisely what the geophysics is revealing to us, we can target more appropriately moving forward in conjunction with the newly acquired geochemistry,” stated John Florek, Project Manager and Technical Advisor for Strikepoint Gold.

Of significance, 300 meters of strike length was delineated, so-far, during the drilling of these three holes, which was defined at various levels of elevation within the mineralized shear zone.  We expect this strike length to continue growing.  This suggests the potential for significant tonnage as we continue to build the narrative.

We are located only 80km by road from New Gold’s Black Hawk Mine.

Mineralization

The mineralization is hosted in rhyolite to dacite volcanoclastics.  It is geochemically enriched in potassium and depleted in sodium; showing strong sericitic alteration.  Gold endowment has a strong association of fluorite and pyrite, which suggests an affinity towards a low sulphidation epithermal-style system.  Outside the regions of fluorite mineralization, gold values seem to diminish.  Despite a direct correlation between the amount of fluorite and gold, there is clear correlation of anomalous zinc (sphalerite) associated with increased gold grades in fluorite enriched areas.

At New Gold’s Rainy River Project, the most abundant gold mineralization is associated with zinc (sphalerite), and is hosted in similar rock types.  This association needs further understanding at Lobstick.The underexplored Wabigoon Subprovince is attracting attention, specifically with the development of New Gold’s Rainy River Project.

The company’s website displays several figures related to the project for observation.

Additional information can be viewed at the Company’s website www.stikepointgold.com.

On Behalf of the Board of Directors of Strike Point Gold Inc.

Shawn Khunkhun, President, CEO

Oct. 19, 2015
STRIKEPOINT GOLD INC. AWARDS DRILLING CONTRACT TO ASINIKE DRILLING, LOBSTICK GOLD PROJECT, ONTARIO

By | 2015, Drilling, Lobstick, News

VANCOUVER, BRITISH COLUMBIA–(Marketwired – October 19, 2015) – StrikePoint Gold Inc. (the “Company” or “StrikePoint”) (TSX VENTURE:SKP) previously announced that a new drilling program had begun on their Lobstick Gold Property near Sioux Narrows, Ontario. The property is located in the developing Wabigoon Subprovince of the Superior Province.

Strikepoint Gold has awarded the drilling contract to Asinike Drilling of Naotkamegwanning First Nation. This is a First Nation owned and operated drilling company.

Naotkamegwanning First Nation trained and certified 12 common core diamond drill helpers to help contribute to their business endeavor. Laura Kakeeway, Economic Development Manager stated, “We are very excited to receive the contract and look forward to developing our drilling expertise and provide services to the mineral exploration industry in our traditional territories.”

This collaboration shows Stikepoint’s commitment to working with and helping develop First Nation communities in Ontario.

The underexplored Wabigoon Subprovince is attracting attention, specifically with the development of New Gold’s Rainy River Project.

The company’s website displays several figures related to the project for observation.

Additional information can be viewed at the Company’s website www.strikepointgold.com.

On Behalf of the Board of Directors of Strike Point Gold Inc.

Shawn Khunkhun, President, CEO

Oct. 5, 2015
STRIKEPOINT GOLD INC. BEGINS DRILLING; LOBSTICK GOLD PROJECT, ONTARIO

By | 2015, Drilling, Lobstick, News

VANCOUVER, BRITISH COLUMBIA–(Marketwired – October 5, 2015) – StrikePoint Gold Inc. (the “Company” or “StrikePoint”) (TSX VENTURE:SKP) announces that a new drilling program has begun on their Lobstick Gold Property near Sioux Narrows, Ontario. The property is located in the developing Wabigoon Subprovince of the Superior Province.
The drill is currently turning on site. Hole 1 collared in mineralized rock and is currently at a depth of 60 meters. The focus of the drilling will be to test the mineralized, Lobstick Shear Zone. In total, the company anticipates completing approximately 1,500 meters of diamond drilling.

Previously, Strikepoint developed the concept of a potentially significant gold bearing zone with limited exploration drilling; a shallow historical drillhole encountered 38.95 meters of 0.63 g/t Au. Spatial-correlation parameters between mineralized zones, chemical alteration, structure, and geophysics suggested features associated with other known gold deposits.
Strikepoints geophysical survey on the property was instrumental in defining the geometry of mineralization (Press Release June 24, 2014). The geophysics suggests that historic drilling of these shear zones were not drilled in the best locations for gold-mineralization; and potentially indicate better mineralization below these historic intercepts.

These mineralized shear zones represents a unique untested opportunity in the developing Wabigoon Subprovince. The identified Lobstick Main Shear Zone has never been tested below a 25 meter vertical depth. A significant surface strike length of mineralization exists (≥ 700 meters); determined by recent field observations, historical mapping, geophysics, and drilling.

The underexplored Wabigoon Subprovince is attracting attention, specifically with the development of New Gold’s Rainy River Project.

The company’s website displays several figures related to the project for observation.

John Florek, Technical Advisor of the Company and Qualified Person for purposes of National Instrument 43-101 has reviewed the technical information in this news release.

Additional information can be viewed at the Company’s website www.strikepointgold.com.

On Behalf of the Board of Directors of StrikePoint Gold Inc.
Shawn Khunkhun, President, CEO