Category

Lobstick

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

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

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

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

BL0 Chargeability & Resistivity Results
Looking West

L200E Chargeability & Resistivity Results
Looking West

L200W Chargeability & Resistivity Results
Looking West

STRIKEPOINT BEGINS EXPLORATION AT LOBSTICK GOLD PROPERTY

By | 2014, Exploration, Lobstick, News

VANCOUVER, BRITISH COLUMBIA–(Marketwired — April 8, 2014) — StrikePoint Gold Inc. (the “Company” or “StrikePoint”) (TSX.V:SKP) is pleased to announce it has initiated line cutting and a geophysical survey at the Company’s 100% owned Lobstick Gold Project, Wabigoon Subprovince, Ontario, Canada.

Insight Geophysics Inc. (“Insight”) has been contracted to conduct the survey. Crews have commenced line cutting to establish a grid over the highly anomalous gold mineralization in a shear zone that has historical assays of 38.95 meters of 0.63 g/t Au. This mineralized shear zone represents a unique untested opportunity since it has never been tested below 25 meter vertical depth.

The rock types in the Wabigoon Subprovince 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.

Insight is a geophysical consulting and contracting company having specialization in direct current electrical methods and project management. The survey will measure the relative chargeability and resistivity of underlying rocks and delineate areas of increased sulphide mineralization within the shear zone. It will also allow comparison of previously encountered sulphide mineralization, to untested areas of potentially higher sulphides and gold-grades within the shear zone. The Insight “Array” was developed for maximum field efficiency and depth of investigation.

These Array survey will provide a greater understanding of the mineralization and rock types to help create targets for trenching and drilling.

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 Strike Point Gold Inc.

Signed “Shawn Khunkhun”

President and CEO
Tel: 604-602-1440
E-mail: skhunkhun@strikepointgold.com

For further information regarding StrikePoint Gold, please contact Shawn Khunkhun at the above contact points or investor information at 1(800)321-8564

www.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.

Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively “forward-looking information”) within the meaning of applicable securities laws relating to the success of the Project and the Option Agreement. Forward-looking information typically uses words such as “anticipate”, “believe”, “project”, “expect”, “goal”, “plan”, “intend” or similar words suggesting future outcomes, statements that actions, events or conditions “may”, “would”, “could” or “will” be taken or occur in the future. The forward-looking information is based on certain key expectations and assumptions made by the Company’s management, including expectations and assumptions concerning prevailing commodity prices, exchange rates, interest rates, applicable royalty rates and tax laws; future production rates and estimates of operating costs; performance of existing and future wells; reserve and resource volumes; anticipated timing and results of capital expenditures; the success obtained in drilling new wells; the sufficiency of budgeted capital expenditures in carrying out planned activities; the timing, location and extent of future drilling operations; the state of the economy and the exploration and production business; results of operations; performance; business prospects and opportunities; the availability and cost of financing, labor and services; the impact of increasing competition; ability to market oil and natural gas successfully; the Company’s ability to access capital, and obtaining the necessary regulatory approvals.

Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature they involve inherent risks and uncertainties. The forward looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.