Category

Mahtin

Oct. 4, 2017
STRIKEPOINT GOLD INC. EXPLORATION CONFIRMS PRESENCE OF INTRUSION RELATED GOLD SYSTEMS ON THEIR MAHTIN PROPERTY, YUKON TERRITORY

By | 2017, Mahtin, News

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide results from exploration activities on its Mahtin Property, Mahtin North and May-Qu Targets, located in the Mayo region of the central Yukon Territory.

Highlights

  • The work at Mahtin North has confirmed that the Sprague Creek Stock hosts a series of sheeted quartz-arsenopyrite veins hosting typical low-grade gold mineralization, and is thus an Intrusion Related Gold System that needs further exploration including drilling.
  • The Company’s exploration at May-Qu has confirmed the existence of a prospective zone of vein-hosted gold, silver and copper mineralization around the Bos Stock.
  • Both targets bear similarities to the Eagle Gold Project (Victoria Gold Corp.) which is located 40km to the northeast of the Mahtin Property.
  • Results from other properties in the Yukon portfolio are pending and will be released in due course.
  • Strikepoint Gold is well capitalized with approximately $6million in working capital.

Strikepoint was active on the project between June 5th and July 7th 2017. Extensive mapping and sampling (198 grab samples) was completed including a limited initial RAB drilling program of 760 m in nine holes.

Mahtin North

Mahtin North lies along the northern edge of the Sprague Creek Stock, a Cretaceous-aged granodiorite intrusion similar to the nearby Eagle Gold project owned by Victoria Gold Corp.

Mapping and sampling covered an area of 3km by 2km, focusing on the skarns and limestones along the edge of the intrusive body, as well as collecting samples from sheeted veins within the granodiorite itself.

Results from this exercise highlighted the following (please refer to maps and tables on the website for full details):

  • The anomaly identified in 2012 by Ryan Gold Corp. was confirmed, with gold grades from trace to 9.2g/t in the 2017 sampling campaign.
  • Background levels of gold up to 0.87g/t were noted within arsenopyrite-bearing limestones that were more distal from the intrusion and suggest more extensive mineralization potential.
  • Copper grades up to 1.16% were found on surface along the drill target area, creating an anomalous zone 500m in length.
  • A new copper-rich zone was discovered to the south of the drill target. The new anomaly is rich in unoxidized chalcopyrite and covers an area of 200m by 200m, with copper grades from trace to 0.42%.
  • An additional new zone of copper mineralization was discovered in a valley 1.2km to the northeast of the drill target area, with copper grades at surface from trace to 0.51%.
  • Sheeted veins of quartz-arsenopyrite in the valley floor to the east of the drill line produced silver grades from trace to 293g/t.
  • An additional new discovery of anomalous silver was made within quartz-arsenopyrite veins within the granodiorite body itself, grading from trace to 52.1g/t Ag.

At Mahtin North five RAB holes were drilled along a low ridge line, targeting mineralized skarns and limestones, previously identified through surface soils and grab assays, in and around the Sprague Creek granodiorite stock. A sixth hole was drilled at the end of the line to test possible sheeted vein mineralization within the intrusion itself.

Results from drilling are as follows:

  • 17MAH02
    • 3.05m @ 1.80g/t Au (27.43m to 30.48m)
    • 4.57m @ 1.62g/t Au (42.67m to 47.24m)
  • 17MAH03
    • 1.53m @ 3.63g/t Au (35.05m to 36.58m)
    • 3.05m @ 0.66g/t Au (62.48m to 65.53m)
  • 17MAH06
    • 3.05m @ 0.48g/t Au (24.38m to 27.43m)
    • 3.05m @ 0.17% Cu (89.92m to 92.69m)

These results show that the gold is occurring in several bands within the mineralized skarn, often with associated chalcopyrite and arsenopyrite. Analysis of the drill chips was non-conclusive if these were from veins within the skarn, or disseminated over the entire interval. Additional studies are currently being undertaken to qualify this. Geological data collected from the drill chips allowed the construction of a geological cross-section diagram (www.strikepointgold.com), which explains why some holes produced no significant results.





17MAH06 was drilled into the granodiorite of the Sprague Creek Stock and produced narrow zones of both gold and copper. Grades were elevated in several small intersections to 0.48g/t Au throughout this hole but often in single samples and so were not reported. Associated elements such as bismuth and arsenic also became elevated with these samples which is a typical chemical association for sheeted vein system of Intrusion Related Gold Systems (IRGS). Alas due to the nature of RAB drilling producing chips of rock, this cannot be physically confirmed.

May-Qu

The May-Qu target lies on the southeastern edge of the Mahtin Property, approximately 16km from Mahtin North. The area is predominantly quartzites and schists that have been intruded by the Cretaceous-aged granodiorite Bos Stock.

Mapping and surface sampling was focused along the margins of the stock to follow up on prospective areas identified by Ryan Gold Corp. in 2012. Result highlights are listed below:

  • 2017 exploration has provided evidence of gold hosted in quartz veins found in both intrusive and metasedimentary rocks. The confirmed area is currently 1,400m by 1,300m, and remains open on all sides. Samples collected this year ranged from trace to 2.22g/t Au within this zone.
  • This target area was also found to contain elevated copper levels, with grades from trace to 0.72% copper associated with the gold.
  • Sheeted veins along the northern edge of the Bos Stock returned grades between trace and 0.79g/t were discovered 1.5km north-northeast of the main zone. These were unoxidized samples and exhibited elevated bismuth typical of intrusion related gold systems.
  • Polymetallic veins were observed on the fringes of these zones, and 2017 samples of these veins graded from trace to 57.7g/t silver.

At May-Qu three RAB holes were drilled of the planned six, due to a series of thunderstorms that inhibited site access. Due to technical limitations of the rig itself, 17MAY01 and 17MAY02 did not reach target depth and stopped short of the predicted mineralized zone. Result for the drilling completed are listed below:

  • 17MAY03
    • 3.05m @ 0.68g/t Au (62.48m to 65.53m)
    • 3.05m @ 83.4g/t Ag (62.48m to 65.53m)

Conclusions from this drill campaign are limited due to the restrictions in recovery of material, but 17MAY03 does start to give an indication of mineralization occurring at depth.

Other Mahtin Updates

In addition to the exploration work, Strikepoint also conducted several water sampling and ecological surveys on site to establish preliminary baseline data. The local First Nation of the Na-Cho Nyak Dun was also engaged on several occasions, including presenting at the Industry Day event on June 25th.

Strikepoint Gold now holds a Class 3 permit for the Mahtin project which allows for further exploration through diamond drilling in the future (with community / environmental considerations).

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.

 

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

June 7, 2017
STRIKEPOINT GOLD INC. COMMENCES EXPLORATION ON THE MAHTIN PROPERTY, MAYO, YUKON TERRITORY

By | 2017, Mahtin, Mayo, News

Strikepoint Gold Inc. (SKP:TSX-V)  (STKXF:OTCQB) is pleased to announced that exploration has started on the Mahtin Project, located approximately 40km northwest of the town of Mayo in the central Yukon Territory.

A team of eight exploration staff arrived has been mobilized to the area and are starting exploration work on the Property. Initial work will include detailed mapping and sampling over two core targets, as well as regional follow up on several other previously unexplored geochemical anomalies. This is the vanguard operation ahead of the arrival of the RAB drill to site within days.

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 (4 x 1.1km) stocks. It is generally understood that the best mineralisation 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. The 2017 program has been carefully arranged to maximize return on expenditure while increasing understanding and minimizing environmental impact.

The plan includes aerial drone surveys of the property to collect regional geological / topographical data, track mounted RAB drilling, ‘backpack drill’ prospecting, detailed mapping and grab sampling of surface showings.

Mahtin North Target

Mahtin North consists of a copper-gold skarn unit in contact with a gold-arsenic sheeted vein intrusion. Sampling in 2012 returned assays of up to 15.05g/t gold in the peripheral skarn, while the stock itself remains as an untested soil anomaly with a geochemical signature which suggests intrusion related gold deposits (Au-As +/- Bi/Te), such as seen at Victoria Gold Corp. Eagle deposit.

The anomaly covers an area of 2km by 1.5km, and is currently open on all sides. The initial work plan includes expanding sampling to the north into previously unmapped skarns, highly detailed (1: 1,000 scale) mapping along the proposed drill area, and further investigation, mapping and direct sampling to test the mineral potential of the Sprague Creek stock itself.

A preliminary drill plan has been designed to test the highest-grade contact zone, consisting of eight RAB holes.

May-Qu Target

May-Qu is a subgrouping of claims within Mahtin on the southeast end of the property. The main feature is the ‘Bos Stock’; a Cretaceous-age granodiorite stock that has intruded into Hyland Group quartzite and schist. Samples collected in 2012 highlighted gold-bearing quartz-arsenopyrite sheeted veins within the granodiorite running up to 3.37 g/t Au from within the Bos Stock. The westerly ‘nose’ of the intrusion has become a focus for distal polymetallic veins that returned assays of up to 3.37g/t Au and 313g/t Ag. The combined mineralized target covered an area of 3km by 3km, and is open to the west and north.

Work on the target will include detailed mapping of the proposed drill targets, additional sampling of the Bos Stock to assess potential and sampling on to the west of the main stock (across the Josephine Fault) for additional polymetallic silver veins.

Mayo Community

Staff from Strikepoint / SGDS Hive met with the Na-cho Nyak Dun First Nations on May 17th to discuss the upcoming work plan and possible community collaborations. Attendance to the Strikepoint Health and Safety Orientation day on May 26th 2017 was opened to and attended by band members. Strikepoint will continue to collaborate with the First Nations and the local Mayo community throughout the duration of the program, providing opportunity for both parties. Strikepoint has offered to donate aerial imagery and any environmental survey data to the peoples of the Na-cho Nyak Dun to assist in their understanding of their own Traditional Territories.

 

The Yukon Territory has remerged as a world-class exploration district with recent discoveries and acquisitions in 2016, including: Golden Predator’s 3 Aces discovery, Goldcorp’s $520,000,000 purchase of Kaminak Gold’s Coffee project and Agnico-Eagle’s ongoing investment into the White Gold district. The Strikepoint Gold portfolio holds properties in these emerging and known gold districts representing several geological domains and potential for commodities beyond just gold.

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

March 31, 2017
STRIKEPOINT GOLD 2017 UPDATE: EXPLORATION TARGETS FINALIZED FOR RECENTLY ACQUIRED YUKON PROPERTIES

By | 2017, Corporate, Golden Oly, Mahtin, News, Pluto

March 31, 2017, Vancouver, BC –Strikepoint Gold Inc. (TSX.V:SKP) (“Strikepoint” or the Company) is pleased to announce exploration targeting for the recently acquired Yukon Portfolio.

This package was acquired from IDM Mining (TSX.V:IDM) through: a Letter of Intent on December 21st, 2016; signed into Definitive Agreement on January 19th, 2017; and Completed Purchase Agreement on March 28th, 2017.

Strikepoint Gold purchased the properties from IDM Mining for $4,200,000 through a combination of $150,000 in cash and 10,500,000 shares. The Company is required to spend $1,500,000 on exploration expenditures during the 2017 season.

The company filed a NI 43-101 Technical Report on the Mahtin Property, Yukon on March 15th, 2017 and announced a $3,000,000 non-brokered private placement, concurrently closed $2,000,000 on March 23rd, 2017.

Our Opportunity

Three drill-ready properties have been selected based on exploration history, anomalous surface gold showings, and current understanding of the geological settings. Each target property is 100% owned by Strikepoint Gold Inc., and were formerly held by Ryan Gold Corporation who completed over $25,000,000 in exploration expenditures across the Yukon portfolio, which is a land package comprising of 14,031 claims defining 22 properties over 282,000 hectares.

Strikepoint is planning a ‘surgical’ exploration program for 2017, spending a minimum of $2 million on selected targets within the portfolio. The work will be focused on proving geological concepts highlighted in the extensive historical exploration work, and advancing them from anomalous regions to well defined targets and new discoveries.

Pluto

The Pluto property is in the Kluane region, and is one of the largest in this portfolio, approximately 40 x 30km in size. Pluto sits relatively close to the latest discoveries in the White Gold district, and is aligned along strike with this group of projects including; GoldCorp’s Coffee Project, which was acquired from Kaminak for $520M and Kinross’s White Gold Project, which was acquired from Underworld for $140M. Initial analysis of the geology seems to show a unique mineralizing system for the area; the formation of skarns in contact with large, regional ‘ring’ dyke volcanic features.

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

Other information about the Pluto Property:

  • Highest gold-in-soil assay from the entire Yukon portfolio database at 15.43g/t Au;
  • 15,908 soils taken to date on property;
  • Grab samples returning grades upwards of 7.11 g/t Au;
  • Relatively unexplored region of the Yukon-Tanana Terrane, south of Goldcorp’s recently acquired Kaminak Coffee Project and 45 kilometers southwest of Rockhaven Resource’s Klaza project.

Mahtin

The Mahtin Property is synonymous in geological setting and mineralization style as Victoria Gold’s Eagle Gold Project, 40km away to the northeast. The model defining Eagle, an intrusion-related gold system, is characterized by mineralization focused in 070-trending/vertically-dipping sheeted quartz veins. Mineralized sheeted quartz veins are found on the Mahtin Property’s two intrusive stocks: Sprague Creek (3.6 x 1.5km) and Bos (4 x 1.1km) stocks.

A summary of the Mahtin Property includes:

  • Grab samples up to 15.01 g/t Au on the property;
  • 18,406 soils taken on property between 2010 and 2012;
  • Detailed 1:10,000 scale geological mapping across the main targets;
  • Radiometric, electromagnetic and magnetic airborne geophysical surveys;
  • Two untested intrusion-related gold hosted targets on the property;
    • Mineralized sheeted quartz veins returning grades upwards of 3.37g/t Au in grabs;
    • A possible third geochemical target is evolving in the south-western portion of the property that could be an additional intrusion related gold system.
  • Distances to surrounding projects which use the intrusion-related gold system model;
    • Immediately bordering AM Gold’s Red Mountain;
    • 5km east of Victoria Gold’s Clear Creek;
    • 50km west Golden Predator’s Brewery Creek;
    • 40km to the southwest of Victoria Gold’s Dublin Gulch

Golden-Oly 

Golden-Oly is another large assemblage of claims, measuring 40 x 25km in size. It lays along the North Canol Road and is close to the border with the North West Territories. Traditionally this area has been explored with a focus more on tungsten and zinc, but from the work undertaken across the project, there are several gold targets.

Airborne geophysics flown in 2012 highlighted six individual anomalies that correspond topographic highs in the field. Some of these are partially exposed cores of granodioritic intrusions, while others exhibit hornfelsing around buried plutons. This area is along the southern edge of the Selwyn Basin, and these plutons seem to be synonymous with the intrusion related gold systems we see at Mahtin (in the north of the Selwyn Basin). Soil sampling across these anomalies has further highlighted the anomalous gold-in-soil results, as well as having a geochemical fingerprint (Au-As-Bi) that is a known marker for these types of deposits.

Drilling in 2017 is designed to target one of these anomalies (the ‘Nuke’ intrusive) to further enforce the model, to assess grade potential, and as ‘proof of concept’ for the other five targets on the property.

The Golden-Oly Property:

  • Located near the historic ‘SEDEX’ discovery Tom-Jason Pb-Zn region of the Yukon Territory;
    • Surrounded by Selwyn Chihong Mining Ltd.’s Selwyn Project, Overland Resource’s Andrew Project and Constantine-Carlin Gold’s JV Yukon Au projects
  • Neighboring PDM property (100% Strikepoint owner) has another target that is synonymous with those seen at Golden-Oly.
  • Sheeted polymetallic veins returning grades up to 19.5g/t Au and >100 g/t Ag on Nug prospect;
  • Extensive anomalous gold-in-soils between 20ppb to 50ppb Au across the entire property that could be indicative of other deposit types on the property.

The Yukon Territory has reemerged as a world-class exploration district with recent discoveries and acquisitions in 2016, including: Golden Predator’s 3 Aces discovery, Goldcorp’s $520,000,000 purchase of Kaminak Gold’s Coffee project and Agnico-Eagle’s ongoing investment into the White Gold district. The Strikepoint Gold portfolio holds properties in these emerging and known gold districts representing several geological domains and potential for commodities beyond just gold.

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

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

NeithertheTSXVentureExchangenor itsRegulationServicesProvider(asthattermisdefinedinthepoliciesof theTSXVentureExchange)acceptsresponsibilityfortheadequacyor accuracyofthisrelease.

March 15, 2017
STRIKEPOINT ANNOUNCES FILING OF A NI 43-101 TECHNICAL REPORT ON THE MAHTIN PROPERTY, YUKON TERRITORY

By | 2017, Corporate, Mahtin, News

March 15, 2017, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (“StrikePoint” or the Company) has filed a NI 43-101 Technical Report for the Mahtin Property, Dawson & Mayo Mining District, Yukon Territory.

The Mahtin Property is 100% owned by StrikePoint Gold. The Mahtin Property consists of three contiguous claims: Mahtin, May-Qu and Alp-Alpine-Forty-Callum. The Mahtin Property is located 50 kilometers’ North West of the town of Mayo, Yukon Territory. The Mahtin area is comprised of 1,434 claims, covering an area of 28,577 hectares. The Property’s two mineralized intrusion-related gold system (IRGS) showings, the Sprague Creek and Bos stock, are the primary targets of mineral exploration. Each intrusive is associated with mineralized skarns along the nonconformities with calcareous country rock. The mineralization style is synonymous with corresponding IRGS-deposits: Dublin Gulch, Scheelite Dome, Brewery Creek, Ida Oro, and Fort Knox.

The report was authored by an independent qualified person, Andrew P. Randell, P.Geo. and is available for review under the Company’s website www.strikepointgold.com and the company’s profile on SEDAR.

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

NeithertheTSXVentureExchangenor itsRegulationServicesProvider(asthattermisdefinedinthepoliciesof theTSXVentureExchange)acceptsresponsibilityfortheadequacyor accuracyofthisrelease.