Category

2020

STRIKEPOINT GOLD ANNOUNCES $1.955M STRATEGIC INVESTMENT BY ERIC SPROTT, INCREASING HIS HOLDINGS TO 19.9%

By | 2020, News

Vancouver, British Columbia — July 8, 2020 – StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce a non-brokered private placement financing to a single subscriber, Eric Sprott, raising gross proceeds of up to $1,955,000 through the issuance of up to 23,000,000 units at a price of $0.085 per unit. Each unit will be comprised of one common share of the Company and one-half share purchase warrant with each whole warrant entitling the holder to acquire an additional common share of the Company at a price of $0.12 per share for a period of 24 months from the date of closing.

“With this investment by Eric Sprott, StrikePoint is positioned to advance our high-grade gold and silver properties in Golden Triangle. We have the targets, the team and now the capital to unlock value for our shareholders.” remarked chief executive officer of StrikePoint, Shawn Khunkhun.

A 6% Unit finder’s fee will be payable in connection with this private placement.

Proceeds from the private placement will be used for exploration costs and general working capital.

The non-brokered private placement is subject to TSX Venture Exchange approval.

About StrikePoint

StrikePoint Gold is a gold and silver exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle: the past-producing high-grade Porter Silver Project and the high-grade Willoughby Gold Project.. The company also owns a portfolio of gold properties in the Yukon and has Eric Sprott, Skeena Resources and Ascot Resources as significant shareholders.

ON BEHALF OF THE BOARD OF DIRECTORS OF

STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun

Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor it’s 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.

 

For more information, please contact:

StrikePoint Gold Inc.

Shawn Khunkhun, CEO and Director

T: (604) 602-1440

E: sk@strikepointgold.com

W: www.strikepointgold.com

 

 

STRIKEPOINT GOLD INC. ANNOUNCES 2020 PHASE I SURFACE EXPLORATION PROGRAM AT THE HIGH-GRADE WILLOUGHBY GOLD AND PORTER SILVER PROPERTIES

By | 2020, News

Vancouver, British Columbia — June 29, 2020, StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce its plans for the 2020  Exploration program on its 100%-owned Willoughby and Porter properties located near Stewart, BC in British Columbia’s prolific Golden Triangle. The first phase of the program is expected to commence in early July and is intended to refine and prioritize drill targets to be tested later this summer during a second phase of exploration.

At the Willoughby Property, surface work will focus on refining existing drill targets and identifying new priority areas along and across strike from the known prospects, prioritizing structural and lithological traps that may focus high-grade gold mineralization. Work will include detailed mapping and channel sampling in key areas, performed by our experienced team of geologists and technicians. At the Porter Silver Property, follow-up on surface samples of high-grade silver collected during the previous field campaign, notably at the Big Nunataq prospect.  Work at Porter will also include structural mapping and sampling to follow up on a newly identified silver-bearing vein located near the historic Porter-Idaho and Silverado Mines.

StrikePoint CEO, Shawn Khunkhun stated that, “This is an exciting time for SKP shareholders and value will be driven by discovery news on these high-grade properties. The company’s market cap relative to peers offers investors a compelling value proposition.”

Willoughby Gold Project

The project occurs along the eastern margin of the Cambria Icefield, approximately seven kilometres east of the advanced-staged Red Mountain Gold Deposit owned by Ascot Resources. The property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of primary pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold and. Eight gold and silver mineralized zones have been identified to-date over a one-kilometre strike-length mineralization trend.

Porter Gold Project

The project is strategically located at the head of the Portland Canal, overlooking the town of Stewart, British Columbia. The property was mined between 1929 and 1931 and produced 27,123 tonnes with recovered grades of 2,542 g/t silver (73.8 oz/ton) and 1 g/t gold (yielding approximately 2.2 million ounces of silver).   The Porter project contains a Historical Indicated Resource of 394,700 tonnes grading 868 g/t silver, 3.37% lead and 1.41% zinc (435,000 tons @ 25.2 oz/ton silver or a contained 11 million ounces) and an Inferred Resource of 88,900 tonnes grading 595 g/t silver (97,900 tons @ 17.3 oz/ton silver or a contained 1.7 million ounces)**. Mineralization is contained in shear-hosted, silver-rich vein systems. The different mineralized zones were traced on the surface for over 200 meters along strike and 1,000 meters down dip with widths ranging from one to thirteen meters.

**Estimates of mineral resources are dated March 10, 2008, and were prepared by independent consulting geologist N.C. Carter, Ph.D., P. Eng. for Raimount Energy Inc. and re-stated for Mount Rainey Silver Inc. on May 15, 2012. The foregoing estimates made use of an extensive database detailing the results of both underground sampling programs as well as surface and underground diamond drilling. The Mineral Estimates were prepared according to CIM Standards on Mineral Resources and Reserves. The reader is cautioned that a Qualified Person on behalf of StrikePoint has not done sufficient work to verify either the underlying sampling data or the calculation methodology to consider this to be a current resource. As a result, StrikePoint is treating this mineral resource as a Historical Estimate, as defined in National Instrument 43-101. StrikePoint has not yet determined what work needs to be completed to upgrade or verify the Historical Estimate.

Qualified Person

Marilyne Lacasse, P. Geo., Project Manager for Strikepoint Gold, is the Qualified Person as defined by National Instrument 43-101 who prepared and approved reviewed the technical data in this news release.

About StrikePoint

StrikePoint Gold is a gold and silver exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past-producing high-grade Porter Silver Project and the high-grade Willoughby Gold Project, which is adjacent to Red Mountain. The company also owns a portfolio of gold properties in the Yukon.

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor it’s 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.

 

For more information, please contact:
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com

 

STRIKEPOINT SIGNS DEFINITIVE AGREEMENT TO SELL GLACIER CREEK PROPERTY TO AMERICAN CREEK

By | 2020

Vancouver, British Columbia — January 21st, 2020 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) announces that the company has signed a definitive agreement dated January 16, 2020, with American Creek Resources (AMK:TSX.V) with respect to the acquisition by American Creek of 100 per cent of StrikePoint’s Glacier Creek property. The property is located approximately 8km northeast of the town of Stewart in British Columbia’s, Golden Triangle. The terms of the transaction set out in the definitive agreement include:

 

  • American Creek will acquire 100 per cent of the property;
  • American Creek will issue three million common shares to StrikePoint;
  • American Creek will make a cash payment to StrikePoint of $50,000;
  • StrikePoint will retain a .5 per cent net smelter return royalty, which can be purchased for an additional cash payment of $500,000.

 

StrikePoint CEO Shawn Khunkhun commented: “With back to back property divestments, StrikePoint is demonstrating an ability to create a portfolio of shares in active junior mining companies. With over 20 gold and silver properties still under 100% ownership, it’s our goal to continue on a path of M&A activity. We are giving our shareholders exposure to multiple companies and assets through this strategy. We will continue to focus our exploration on our flag ship projects Porter and Willoughby, while having other partners develop our non-core assets. With specific regard to the American Creek transaction, we are very excited to give our shareholders exposure not only to Glacier Creek and the Dunwell Property, but also the Treaty Creek Property. Treaty Creek is one of the most exciting new discoveries in the Golden Triangle that is 60% owned by Tudor Gold (TUD:TSX,V), 20% carried interest by both Teuton Resources (TUO:TSX.V) and American Creek.”

 

About StrikePoint

StrikePoint Gold is a gold exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past-producing high-grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns a portfolio of gold properties in the Yukon.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

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.

 

For more information, please contact
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com

STRIKEPOINT SIGNS DEFINITIVE AGREEMENT TO SELL MAHTIN PROPERTY TO SITKA GOLD

By | 2020, News

Vancouver, British Columbia — January 14th, 2020 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) announces that the company has signed a definitive agreement dated January 13, 2020, with Sitka Gold with respect to the acquisition by Sitka of 100 per cent of StrikePoint’s Mahtin property. The property is located approximately 40km northwest of the town of Mayo in the central Yukon Territory. The terms of the transaction set out in the definitive agreement include:

 

  • Sitka Gold will acquire 100 per cent of the property;
  • Sitka Gold will issue two million common shares to StrikePoint;
  • StrikePoint will retain a 1 per cent net smelter return royalty, which can be purchased for an additional cash payment of $1-million.

 

StrikePoint CEO Shawn Khunkhun commented: “The Mahtin transaction will provide StrikePoint with a significant share position in Sitka and a royalty on the Mahtin property. This will provide StrikePoint shareholders with exposure not only to the exploration upside at Mahtin, but to Sitka’s entire project portfolio, which include the Burro Creek Gold-Silver Deposit in Arizona, the Alpha Gold Project in Nevada and the RC Gold Property in the Yukon. Sitka’s has a strong technical team, good share structure with significant ownership by management and have demonstrated an ability to finance operations.

 

About StrikePoint

StrikePoint Gold is a gold exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past-producing high-grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns a portfolio of gold properties in the Yukon.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

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.

 

For more information, please contact
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com