Cuprite LLC Acquires Ground Adjacent and Internal to StrikePoint Gold's Cuprite Gold Project, Walker Lane, Nevada
Cuprite LLC Acquires Ground Adjacent and
Internal to StrikePoint Gold's Cuprite Gold
Project, Walker Lane, Nevada
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2024) - StrikePoint Gold Inc. (TSXV:
SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to provide an update the wholly
owned Cuprite Gold Project.
Cuprite LLC acquired by staking approximately 152 claims immediately to the West of the Company's
Cuprite Gold Project.
This claim block ties onto the Company's land package.
StrikePoint believes that Cuprite LLC is controlled by the Electrum Group a New York-based registered
investment adviser.
Electrum makes strategic investments principally in high-quality precious metals
assets and opportunities and manages Client assets on a discretionary basis, valued at
~$1.7 Billion as
of December 31, 2023
.
Further information about the Electrum Group can be found
here
.
In addition, the Company has recently become aware that that a third party, potentially associated with
the Electrum Group, has leased the 54 claims that are internal to the Cuprite Gold Project.
"The recent activity validates our excitement about the Cuprite Gold Project" said CEO Michael G. Allen.
"Our drill results show that the Cuprite Project hosts a large-scale mineralized system, and others are
moving into this emerging gold district in Nevada where StrikePoint has a strong land position."
Figure 1: Cuprite Gold District Land Position
To view an enhanced version of this graphic, please visit:
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StrikePoint Golds inaugural drill program at Cuprite project was the first drilling on the project since
staking was allowed on the property.
This inaugural drill program cut gold mineralization in four of five
holes.
Further details can be found in the Company's
June 4, 2024
news release.
Lithogeochemistry and Clay Alteration Studies
The Company recently completed detailed lithogeochemical and preliminary clay alteration studies on
reverse circulation chips from our recent drill campaign.
The detailed analysis confirmed the presence of
a series of East-West structures forming a down dropped graben, as well as other northeast trending
structures.
The clay alteration suggests that these structures have become conduits for mineralizing
fluids.
The Company is in the process of reviewing all data prior to the next phase of drilling.
Neither 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
Qualified Person Statement
All technical data, as disclosed in this press release, has been verified by Michael G. Allen, P. Geo,
President and CEO of the Company. Mr. Allen is a qualified person as defined under the terms of
National Instrument 43-101.
About StrikePoint
StrikePoint Gold is a multi asset gold exploration company focused on building precious metals
resources in Canada and the Western United States.
The Cuprite Gold Project consists of approximately 574 unpatented claims covering approximately 44-
square kilometers, located 15-kilometers south of Goldfield Nevada, and 85-kilometers northwest of
Beatty. The Cuprite Gold Project is easily accessible by Highway 95 on the western margin of the
property.
Approximately one hours drive from Reno the Company owns the Hercules Gold Project covering
approximately 100 square kilometers with numerous drilled gold showings.
Hercules is a low-
sulphidation - epithermal gold target.
Both the Cuprite Gold Project and the Hercules Gold Project are located in the Walker Lane Gold Trend,
which hosts AngloGold's exciting Silicon Gold and Merlin discoveries and Kinross's Tier - 1 Round
Mountain Mine.
In addition, the Company controls two advanced-stage exploration assets in British Columbia's Golden
Triangle: the past-producing high-grade silver Porter-Idaho Project and the high-grade gold Willoughby
Project.
ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC.
"Michael G. Allen"
Michael G. Allen
President, Chief Executive Officer & Director
For more information, please contact:
StrikePoint Gold Inc.
Knox Henderson, Investor Relations
T: (604) 551-2360
E:
W:
www.strikepointgold.com
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/222635