Category

Pluto

STRIKEPOINT GOLD INC. INTERSECTS 15.24M OF 1.05 GRAM PER TON GOLD AND 32.0M OF 0.14% COPPER AT THE PLUTO PROJECT, YUKON TERRITORY

By | 2017, Drilling, News, Pluto

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide drill results and an exploration update from activities on its Pluto property, Yukon Territory.

Highlights

  • 15.24m at 1.05g/t gold from a Charon Zone drill hole 17-CRN-02 at Charon Zone.
  • 32.0m at 0.14% copper in hole 17-CRN-07.
  • In hole 17-CRN-01, intersected 6.10m at 0.74g/t gold with 1.67% copper.
  • Drilling in 6km southwest of Charon in the Hydra Zone returned 10.67m at 0.4g/t gold with similar geological setting to Charon.
  • Mineralization is hosted in limestone layers which are altered by skarn and marble.
  • Host limestone beds exist as multiple layers in the sediment package and extend for at least 6km by 3km area.

StrikePoint Gold was active on the project between July 8th and September 5th 2017. Extensive mapping of the northeastern portion of the property was completed, and a total of 117 grab samples were collected from the area. Twelve RAB drill holes were completed by GroundTruth Exploration during that time, with eight on the Charon target and four on the Hydra target, to a total of 1,294m.

Surface results from 2017 were released by StrikePoint in August, and highlighted assays of 48.4g/t and 36.3g/t gold from within the Charon Zone, along with copper up to 1.23%. (news release dated August 22, 2017).

Shawn Khunkhun (CEO, StrikePoint) comments “The discovery through drilling of copper and gold mineralization occurring at Pluto is an exciting development. Despite a lack of outcrop the technical team lead by our VP Ex, Andy Randell were able to take a significant step on Pluto, taking the property from a high grade soil anomaly, proving the mineralizing is present below the surface.”

Pluto Property

The Pluto Property is in the Kluane region of the Yukon Territory, and covers an area of 21km x 22km, and is 100km southwest of the town of Carmacks. The ground is mainly rolling hills with deep river valleys, but outcrop exposure is limited. The aim of the 2017 program was to follow up on the soil anomalies identified in 2012 by Ryan Gold Corp., and to provide a subsurface context to the geology through RAB drilling.

Five main target areas have been identified on the property to date: Charon, Styx, Nyx, Hydra and Cerberus. The first four appear to have mineralization associated with the interplay between a series of limestone beds and volcanic dykes, while Cerberus appears to be more vein hosted gold and silver in nature.

Charon Target

The Charon Target is an area approximately 2.5km by 2km in the northeastern corner of Pluto. In 2012, soil samples from this site returned grades up to 15.05g/t gold along a 1km ‘band’. Field work associated these grades with a fairly flat-lying limestone unit within the schist, that have become mineralized to skarns / marbles where it was intruded by small scale volcanic (rhyolite / dacite) dykes.

The aim of the 2017 program in this area was primarily to gather subsurface data through drilling to better understand the geology and to confirm mineralization at depth. Targeting of the drill holes was based largely on results from a ground geophysical survey (IP) that showed bands of low and high resistivity that related to limestone and schist respectively when traced to surface. Collars were spaced along a spur from the main ridge on spots where the drill could sit without interference from talus.

Drill results were as follows:

  • 17-CRN-01
    • 10m @ 0.74g/t Au and 1.67% Cu (4.57m to 10.67m)
  • 17-CRN-02
    • 24m @ 1.05g/t Au (21.34m to 36.58m), including 3.05m @ 3.81g/t Au (22.68m to 25.91m)
  • 17-CRN-03
    • 05m @ 0.12% Cu (76.2m to 79.25m)
    • 53m @ 0.27% Cu (92.96m to 94.49m)
  • 17-CRN-04
    • No significant results
  • 17-CRN-05
    • No significant results
  • 17-CRN-06
    • 05m @ 3.28g/t Au (3.05m to 6.10m)
  • 17-CRN-07
    • 0m @ 0.14% Cu (from 56.39m to 88.39m)
  • 17-CRN-08
    • 62m @ 0.24% Cu (from 83.82m to 91.44m)

These results have conclusively proven that the mineralization is present at depth and is not just from gossanous surficial material. The copper and gold are associated with sulphide-minerals in the limestone units, sometimes with significant silver from trace to 35g/t in samples from the Charon drill holes. Drill holes 17-CRN-01 through to 17-CRN-06 are from one spur line, while 17-CRN-07 and 17-CRN-08 represent a step out 600m to the east. Further studies are currently underway to understand the relationships in the ore mineralogy.

Hydra Target

Hydra lies 6km to the southwest of Charon, and represents another soil anomaly that was related to limestone bands. The decision was made to drill four holes at Hydra to compare with the geology and mineralization at Charon.

Hole 17-HYD-02 returned 10.67m at 0.4g/t gold from a limestone unit, which had a similar mineralogy and setting to the Charon holes. Although a lower grade, this does seem to infer that the two systems are related. The limestone units were mapped in several locations between Charon and Hydra, covering an area of 6km by 2km. Note that the other three holes at Hydra returned no significant results.

These drill results are compelling as they were not specifically targeted due to poor surface outcrop, but rather they prove that mineralization is occurring at depth and is widespread. Data from this program can now be reviewed and the targeting refined for future exploration work.

Other Targets

The Styx and Nyx target zones are equivalent in size to Charon, and bridge the area between that and Hydra. Styx runs along a river valley, and in several places the limestone beds can be seen outcropping. It is also apparent that an extensive arm of intrusive rhyolite pervades into this area. Soil samples taken during the 2012 sampling program shows a concentration of Cu-Au anomalies along the contact with the intrusive rock.

Nyx lies to the south of the same rhyolitic arm, but also seems to be coincident with a dioritic intrusive.

Cerberus lies 2.5km east of Charon, and mineralization relates to quartz veins along the edge of granodioritic intrusive material rather than the skarns we see elsewhere on the property. Sampling in this area produced samples ranging from trace to 2.06g/t gold and from trace to 333g/t silver (please refer to August 22, 2017 press release for full details).

Results from other properties in the Yukon portfolio are pending and will be released in due course.Click to enlarge image 20171014_Pluto_Geology.jpg



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.

 

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.

STRIKEPOINT GOLD INC. COMMENCES EXPLORATION ACTIVITIES ON THE PLUTO PROPERTY, KLUANE, YUKON TERRITORY

By | 2017, Exploration, Kluane, News, Pluto

July 14, 2017, Vancouver, BC – StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) (“StrikePoint” or the Company) is pleased to report on the progress of its $2.5M summer gold exploration program in  the Yukon.  Comprehensive work including drilling has been completed on the Mahtin property.  The crew is now working on the Pluto property judged to be Strikepoint’s highest ranked target. Exploration is also planned this season for several other targets.

The Pluto Gold Project is located approximately 100km west-southwest of the town of Carmacks in the central Yukon Territory. The StrikePoint Team have established their camp and are currently undertaking a mapping and sampling program, with drilling due to start on or around July 16th. Two main targets have been identified for exploration work, the northern “Charon” target and the southern “Hydra” zone.

Charon consists of a soil anomaly with samples running up to 15,342 ppb gold, and stretching for 1.2km east to west. It is proposed that these anomalous soils are related to a layer of mineralized limestone that was mapped in 2012. These limestones have been altered by hydrothermal fluids from successive intrusions of volcanic dykes into the sedimentary package.

The mineralization model of the Hydra target is not well understood at this point, yet it appears to be a series of gold-bearing quartz veins. This has resulted in soils samples returning grades up to 3,427 ppb Au over an area 1km by 1km.

Both targets have been the subject of an Induced Polarization (IP) Geophysical study in June carried out by Groundtruth Exploration. The results are currently being analyzed and will be used for targeting the RAB drill program.

The Pluto Property

The Pluto property is in the Kluane region, and is one of the largest in StrikePoint’s 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. However, initial analysis of the geology seems to show a unique mineralizing style for the area; the formation of skarns in contact with large, regional ‘ring’ dyke volcanic features.

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

Update on Mahtin Exploration

Exploration work was undertaken on the Mahtin Property between June 6th and July 4th, with a focus on the Mahtin North and MayQu target areas. A total of 164 grab samples were taken from across the Mahtin property, including from potential new zones of mineralization discovered on the Alp-Forty claims in the southwestern portion of the Mahtin claim block.

A total of nine RAB holes were drilled, with six in Mahtin North and three on MayQu, ranging from 80m to 150m depth each.

All grab and RAB chip samples are currently with the laboratory for assaying, and results are pending.

Baseline environmental studies were also completed on both the Mahtin North and MayQu targets, including wildlife surveys and water sampling. The use of the RAB drill has minimal environmental impact. All collar locations were cleaned and reclaimed immediately after drilling was completed.

StrikePoint Gold also took part in the First Nations of the Na-Cho Nyak Dun ‘Industry Day’ on June 25th, presenting to the Council and Community the Mahtin and Golden-Oly projects which lie within their traditional territories.

Other July Activities

In addition to drilling at Pluto, StrikePoint will also undertake some regional work on the Sapphire, Kilo and Garnet properties which are also within the Kluane region. Exploration activities will be restricted to mapping and sampling of anomalies highlighted by work completed in 2012 by Ryan Gold Corp.

A small advance team will also mobilize into the North Canol Road area to undertake some first pass work on the Golden-Oly targets.

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

This news release has been reviewed by Andy Randell P. Geo., Vice President, Exploration of StrikePoint Gold, the Qualified Person for the technical information in this news release under NI 43-101 standards.

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.

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.