Category

Geochemistry

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

By | 2017, Geochemistry, Golden Oly, News

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

Highlights

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

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

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

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

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

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

The “Seven Wonders” Trend

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

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

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

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

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

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

QA/QC

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

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

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

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

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

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

By | 2017, Geochemistry, Golden Oly, News

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

Highlights

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

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

Golden-Oly Property

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

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

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

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

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

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

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

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

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




QA/QC

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

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

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

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

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

 

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

By | 2017, Geochemistry, News, Pluto

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

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

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

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

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

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

QA/QC

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

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

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

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

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

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

By | 2017, Drilling, Geochemistry, News

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

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

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

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

QA/QC

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

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

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

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

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

Sept. 9, 2015
STRIKEPOINT GOLD ANNOUNCES RESULTS OF TRENCHING AND METALLURGICAL TESTS FROM THE HIGH-GRADE ANGELINA GOLD PROPERTY

By | 2015, Angelina, Geochemistry, Geophysics, News

Vancouver, British Columbia; September 09, 2015 – StrikePoint Gold Inc. (TSXV: SKP and OTCQX: STKXF) is pleased to announce results from trenching and metallurgical tests from the high grade gold Angelina Property located at the south-eastern end of the Rice Lake Gold Belt in Manitoba.

The Angelina Property consists of the discovery of two high-grade, gold-bearing, quartz veins.  Previously announced grab samples from the veins have returned bonanza-grade gold of up to 199.0 g/t Au and 371 g/t Ag in a project area termed the “Hot Zone.”  This is the focus of ongoing exploration.

The field program consisted of trenching and mapping in the “Hot Zone.”  Trenching continued to expose and expand the strike length of the Vein 1 quartz-vein, which currently has an estimated strike length of +100 meters (see Press Release November 25, 2014).  Both the vein material and wall rock were sampled.  New trenching also discovered additional veins for follow-up exploration with anomalous values.

Assay results along the additional exposures of Vein 1 returned more promising values:

Sample ID Vein 1-Au g/t
S018 5.91
S028 23.0
S030 47.6
S031 10.4
S032 3.4

A 20 kg sample of the gold-bearing quartz vein was sampled and sent to ACT Labs.   This sample was sent to determine and compare the recovery of gold from a sample via flotation and gravity tests. The Gravity Recoverable Gold (GRG) Test determines the amenability of the gold in the ore to gravity recovery and provides an estimate of the amount of gold that could potentially be recovered by a Knelson Concentrator. Flotation uses collectors, depressants, and frothers to selectively float sulfide minerals and produce a sulfide concentrate containing gold.

The results demonstrated that a combination gravity concentration and flotation circuit should provide recoveries in excess of 80%.  However, in both recovery and grade, the flotation test produced better results, which indicated gold recovery is more amenable via a flotation circuit.

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.stikepointgold.com.

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

Shawn Khunkhun, President, CEO

July 9, 2015
STRIKEPOINT GOLD IDENTIFIES ADDITIONAL GOLD POTENTIAL ON THEIR BLACK RAVEN’S, WHISKEY JACK PROJECT IN THE HEMLO DISTRICT, ONTARIO

By | 2015, Geochemistry, News

VANCOUVER, BRITISH COLUMBIA–(July 9, 2015) – Strike Point Gold Inc. (the “Company” or “StrikePoint”) (TSX VENTURE:SKP) has identified additional potential for gold just 3.0 km south of the main gold bearing veins at the main Black Raven Project. The gold is hosted in oxide-rich, iron formation, which provides good favorability for gold deposition; this area is now termed the Whiskey Jack Project.

At Whisky Jack, historical lithogeochemisty over the area sampled several areas of the iron-formations (OFR 42D16SE2004). Eight localities along this sporadically outcropping iron formation returned anomalous values of gold ranging from 1.1 g/t Au to 4.2 g/t Au, over a strike distance of 1.5 km’s.

Several unique features are associated with this anomalous gold in the oxide iron-formation:

• Anomalous soil geochemistry; ranging up to 1150 ppb Au in soils (OFR 20007408).

• Proximal feldspar porphyry intrusion nearby contain appreciable amounts of a green mica.

• Widespread silicification and carbonatization.

• Gold bearing massive sulphides nearby (Kuhner showing).

The geology of the area is comprised of mafic, felsic, intermediate volcanics with intercalated sediments/iron formations. The green mica alteration is predominately within the feldspar porphyry, but cross-cuts numerous lithological units that host the porphyry; many gold deposits are associated with this type of alteration, including the nearby Hemlo Gold Mines. Also, zinc-gold bearing massive sulphides are also associated with the sediments in the vicinity. The Kuhner showing contains 1.1% Zn over 7.6 meters with associated gold values of 4.5 g/t Au over 1.5 meters (OFR 42D16SE0027).

Strike Point is encouraged about the extent of gold mineralization and the many different gold depositional styles seen on the Black Raven Property. Historical data was digitized and incorporated into Strikepoint’s database for detailed review in regards to targeting and upcoming drilling on the property.

The Property is located near the northwestern margin of the eastern portion of the Schreiber-Hemlo greenstone belt in Northern Ontario, 220 km east-northeast of the City of Thunder Bay, 30 km northwest of Hemlo Mines, and 14 km northeast of the town of Marathon. The property is accessible from a logging road which connects to the Trans-Canada Highway. This logging road flanks the property on the southwest side. Otherwise, access to the property is by boat or aircraft.

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.

Maps and photos of the Whiskey Jack Project on the Black Raven Property can be reviewed at the company’s website (www.strikepointgold.com).

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

July 7, 2015
STRIKEPOINT GOLD RETAINS 100% INTEREST IN THE HIGH-GRADE, GOLD ANGELINA PROPERTY.

By | 2015, Angelina, Geochemistry, News

Vancouver, British Columbia; July 07, 2015 – Strikepoint Gold Inc. (TSXV: SKP and OTCQX: STKXF) announces that option partner, JOVG Global Mineral Enterprises, a private company based in Winnipeg, Manitoba, has relinquished it’s option on the Angelina Property located at the south-eastern end of the Rice Lake Gold Belt in Manitoba.

The Angelina Property consists of the discovery of two high-grade, auriferous, quartz veins. Previously announced grab samples from the veins have returned bonanza-grade gold of up to 199.0 g/t Au and 371 g/t Ag.

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

Shawn Khunkhun, President, CEO