Category

Geophysics

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

STRIKEPOINT IDENTIFIES STRONG GOLD GEOPHYSICAL ANOMALIES AT LOBSTICK

By | 2014, Geophysics, Lobstick, News

VANCOUVER, BRITISH COLUMBIA—(Marketwired – June. 24, 2014) – StrikePoint Gold Inc. (the “Company” or “StrikePoint”) (TSXV: SKP) is pleased to announce it has received results from the direct-current, geophysical survey at the Company’s 100% owned Lobstick Gold Project in the Wabigoon Subprovince, Ontario, Canada. The survey was performed by Insight Geophysics located in Oakville, Ontario.

The survey was accomplished on 3 parallel lines spaced 200 meters apart, for a strike length of 400 meters. Each line was over 2,000 meters in length to provide the depth penetration needed to evaluate the near surface gold zones and how they developed with depth. The geophysics survey was performed to identify the geometry of the system to target future drilling.

The survey was able to identify both chargeability and resistivity anomalies to a depth of 350 to 400 meters. These anomalies corroborate the known locations of the gold bearing shear zones and suggested that the historic drilling of these zones was not in the best locations for mineralization; but indicate better mineralization below these historic intercepts. This implies that the highly anomalous gold mineralization, with a previous reported gold grade of 38.9 meters of 0.63 g/t Au, could improve with depth.

The survey identified several points of interest:

  • Disseminated auriferous pyrite showed strong correlation to chargeability anomalies.
  • Chargeability anomalies improve significantly with depth on all sections, and interconnect to form broad anomalies at these depths.
  • Mineralization at depth also showed strong resistivity anomalies, inferring more intense alteration in host rock or change of rock type associated with the mineralization.
  • Mineralization is continuous and open along strike and down dip.

These mineralized shear zones represent unique untested opportunities in the developing Wabigoon Subprovince since the Main Shear Zone has never been tested below a 25 meter vertical depth.

The rock types in the area are similar to the Cameron Lake and Goliath gold deposits in the region. Sedimentary rocks proximal to the shear zone suggest similar geometry to Treasury Metal’s Goliath Gold Deposit and Barrick’s Hemlo Gold Mines; acting as both cap rocks and focusing mineralizing fluids.

With these results, StrikePoint Gold Inc. will commence planning an initial stage of exploratory drilling, targeting these geophysical anomalies that were delineated. The company’s website displays several figures related to the geophysical survey 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.stikepointgold.com.

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

Shawn KhunKhun, President, CEO

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