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