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