StrikePoint Gold Inc.

  • ISIN: CA86332K2020
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Nachricht vom 13.09.2018 | 14:00

StrikePoint Gold Inc. Adds Second Drill to the Porter Project, Stewart

DGAP-News: StrikePoint Gold Inc. / Key word(s): Miscellaneous

13.09.2018 / 14:00
The issuer is solely responsible for the content of this announcement.


Vancouver, British Columbia--(Newsfile Corp. - September 13, 2018) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce that it has mobilized a second diamond drill rig to their Porter Project near Stewart, British Columbia.

Targeting the Silverado Veins

Diamond drilling at the Porter Project has been focused on gathering information from the historic resource area and stepping out on the eastern flank of Mount Rainey. This drilling is in the vicinity of the former Prosperity — Porter Idaho underground mine. The historic Silverado veins are found two kilometers away on the western side of the mountain at the former Silverado underground mine and like Porter were worked historically through to the 1920's.

Surface sampling in the 1980's by Teck highlighted four main veins in the Silverado system with noted results of 1,875 grams per tonne from one of these veins. Work by Strikepoint this summer has identified possible structural extensions revealed as the Silverado Glacier has retreated.

The plan includes the drilling of at least three diamond drill holes at Silverado to a total depth of 1,500m to gather vital subsurface information and intersections with vein extensions. It is hypothesized that the Silverado Veins are an extension of the Porter system, but their connection has been hidden by ice cover on the top of Mount Rainey. The Silverado veins were not included in the existing historical resource.

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Silverado Extension
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Drilling Update

Thirteen drill holes has been completed on the Porter Property as at September 8th, 2018, with a total meterage of 1,920 meters. These all represent exploration holes in and around the historic resource in the Porter project, including the D-Vein. Other holes have explored the connection between the Angelo and Melvin veins as well as extensions to the west of the Blind, Flat and Prosperity vein systems. Assay results from the 2018 drill campaign are still pending.

About the Golden Triangle

The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.

StrikePoint Gold is a well-financed gold exploration and development company. The company controls a portfolio of gold properties in the Yukon and throughout Canada.

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 visit our website: www.strikepointgold.com

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.

Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/38619


13.09.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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