ikePoint Reports 11.5 g/t Au and 69.4 g/t Ag over 2.0 metres in Channel Samples at Willoughby
Str
ikePoint Reports 11.5 g/t Au and 69.4 g/t Ag over 2.0
metres in Channel Samples at Willoughby
Vancouver, British Columbia –December 16, 2021 – StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF)
(“StrikePoint” or the “Company”) is pleased to announce the results from surface channel sampling as
well as reconnaissance grab samples collected during the 2021 exploration program at the 100%-owned
Willoughby gold-silver property, located east of the community of Stewart in British Columbia’s prolific
Golden Triangle. The purpose of the channel samples is to provide quality surface assay data over the
surface expression of mineralized zones that could potentially be used for a NI43-101 Mineral Resource
Estimate for the property.
These results are from seven continuous series of channel samples in steep terrain at the Icefall Zone ,
collected by experienced climbing geologists and technicians using a hydraulic chisel, from well-exposed
bedrock hosting disseminated to massive sulphides, primarily pyrite and pyrrhotite. The samples cover
approximately 55 m etres of strike and 80 m etres of vertical relief along a steep exposure. These
samples, along with pending results at other zones on the p roperty, will provide representative assay
data for surface expressions projected up -dip from previous and current drilling. Results are pending
for channel sampling from the Edge and North zones at Willoughby. Highlights of the channel samples
from the Icefall Zone include:
• 2.94 g/t Au and 31.04 g/t Ag or 3.38 g/t AuEq over 15.0 metres, which includes 11.545 g/t Au
and 69.4 g/t Ag or 12.53 g/t AuEq over 2.0 metres (WH21-CH004)
• 3.21 g/t Au and 16.61 g/t Ag or 3.45 g/t AuEq over 12.0 metres, which includes 4.46 g/t Au over
5.0 metres and 31.23 g/t Ag or 4.82 g/t AuEq over 3.0 metres (WH21-CH007)
• 1.83g/t Au and 32.62 g/t Ag 0r 2.30 g/t AuEq over 13.0 metres, which includes 8.68g/t Au and
265.0g/t Ag or 12.47 g/t AuEq over 1.0 metre (WH21-CH002)
• 2.9 g/t Au and 21.42 g/t Ag or 3.21 g/t AuEq over 10.0 metres, which includes 15.45 g/t Au and
74.5g/t Ag or 16.51 g/t AuEq over 1.0 metre (WH21-CH001)
*AuEq calculated using a 70:1 silver to gold ratio.
StrikePoint’s CEO, Shawn Khunkhun, states, “These results provide excellent surface data for modelling
of our multiple mineralized zones at Willoughby. Our objective during this year’s program at the
Willoughby gold- silver and Porter silver p roperties was to significantly expand t he gold-silver
mineralization down-dip and along strike and to test new targets . We are pleased with the quality of
work completed and expect the remainder of results before the end of 2021 or in January 2022.”
2021 Willoughby Channel Sampling
Channel sampling at the Upper and Lower Icefall Zones confirmed continuous gold and silver
mineralization along all seven channel sample lines . Due to the steep terrain, the channel sample
locations are oriented at a variety of oblique angles to the orientation of the Icefall Zone and do not
represent true widths. The gold -silver mineralization is hosted in semi-massive to replacement style
sulphides, primarily pyrite and pyrrhotite with lesser sphalerite and galena within Jurassic volcanic rocks.
Pervasive sericite alteration was consistently observed throughout all channel samples at Icefall, all of
which returned intervals of gold and silver mineralization as displayed in Table 1. The 67 channel
samples collected average 2.46 g/t Au and 23.28 g/t Ag and range between 0.041 to 15.45 g/t Au and
1.1 to 265.0 g/t Ag, respectively. Results are as follows:
Table 1: Channel sample results showing >1 g/t Au and >10 g/t Ag composite intervals
Channel Sample Line ID From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Ag
(g/t)
AuEq
(g/t)
W21-CH-001 0.00 10.00 10.00 2.90 21.42 3.21
Incl. 0.00 7.00 7.00 3.87 23.97 4.21
Incl. 6.00 7.00 1.00 15.45 74.50 16.51
W21-CH-002 0.00 13.00 13.00 1.83 32.62 2.30
Incl. 7.00 11.00 4.00 3.49 82.72 4.67
Incl. 9.00 10.00 1.00 8.68 265.00 12.47
W21-CH-003 0.00 2.00 2.00 1.33 18.10 1.59
W21-CH-004 0.00 15.00 15.00 2.94 31.04 3.38
Incl. 0.00 2.00 2.00 11.54 69.40 12.53
W21-CH-005 0.00 10.00 10.00 1.85 7.81 1.96
Incl. 0.00 5.00 5.00 2.73 10.04 2.87
W21-CH-006 0.00 5.00 5.00 1.69 28.50 2.10
W21-CH-007 0.00 12.00 12.00 3.21 16.61 3.45
Incl. 0.00 5.00 5.00 4.46 25.18 4.82
*AuEq calculated using a 70:1 silver to gold ratio.
Figure 1: 2021 Channel sample locations within the Icefall Zone showing gold equivalent values (AuEq
g/t). Reference lines (1-7) represent stations (WH-21-CH001 to WH-21-CH007). Select anomalous gold
samples are highlighted with annotated texts.
Results were also received from select grab samples collected at the Icefall Zone during the 2021 season.
The nine grabs at Icefall average 5.12g/t Au and 32.64g/t Ag, ranging from trace to 23.69g/t Au and 0.25
to 107.0g/t Ag, respectively.
Figure 2: 2021 select grab samples within the Icefall Zone showing gold equivalent values (AuEq g/t).
Select anomalous gold assays are highlighted by annotated texts.
Willoughby Project
The project occurs along the eastern margin of the Cambria Icefield, approximately seven kilometers
east of the advanced -stage Red Mountain Deposit owned by Ascot Resources. Upper Triassic Stuhini
rocks and Lower Jurassic Hazelton volcano -sedimentary rocks underlay the property, subsequently
intruded by an early Jurassic -aged hornblende-feldspar porphyry, like and potentially comagmatic with
the Goldslide Intrusive suite at Red Mountain. Intrusive -related mineralized zones consist of primary
pyrite with les ser pyrrhotite, sphalerite, galena, chalcopyrite, and native gold. Eight gold and silver
mineralized zones have been identified to-date over a one-kilometer strike-length mineralized trend.
QA/QC
Using a hydraulic chisel, an approximate 2 by 2-centimetre channel was sampled continuously along 1
metre sample stations. If the hydraulic chisel was incapable of retrieving a chip from a specific location,
a hand chisel was used to assist with the chipping within the limits of the 1 metre station. Samples were
placed directly into a marked polyurethane bag. Chip observation data was recorded and digitized in the
field using MX Deposit.
Surface samples for the 202 1 exploration program were labeled and shipped with chain of custody
controls to the la boratory. The company implements a rigorous Quality Control/Quality Assurance
program, including the insertion of Standards, Blanks, and D uplicates at regular intervals in the sample
stream to monitor laboratory performance.
Samples were submitted to ALS Laboratory facility located in North Vancouver, British Columbia, for
preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays,
and all analytical methods include quality control materials at set frequencies with established data
acceptance criteria. The entire sample is crushed, split into representative sub -samples using a riffle
splitter and subsequently, 250g is pulverized. Multi-element analyses were determined by ICP -AES for
33 elements following a 4 -acid digestion process . Analysis for gold is by 30g fire assay with atomic
absorption (AAS) finish . Samples that returned with gold assays greater than 10 g/t were re-analyzed
using a 30g fire assay with a gravimetric finish .. Samples with silver assays higher than 100 g/t are re-
analyzed using a fire assay with gravimetric finish.
Qualified Person
The Qualified Person for this news release for National Instrument 43 -101 is Andrew Hamilton , P. Geo,
technical advisor to Strikepoint . He has read and approved the scientific and technical information that
forms the basis for the disclosure contained in this news release.
About StrikePoint
StrikePoint Gold is a gold exploration company focused on building high -grade precious metals
resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden
Triangle. The past -producing high -grade silver Porter Project and the high -grade gold property
Willoughby, which is adjacent to Red Mountain. The company also owns a portfolio of gold properties in
the Yukon.
ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.
“Shawn Khunkhun”
Shawn Khunkhun
Chief Executive Officer and Director
For more information, please contact:
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
W: www.strikepointgold.com
Statements in this release that are forward-looking statements are subject to various risks and
uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in
the Company’s filings with Canadian securities regulators. Such information contained herein represents
management’s best judgment as of the date hereof based on information currently available. The
Company does not assume any obligation to update any forward-looking statements, save and except as
may be required by applicable securities laws.
Neither the TSX Venture Exchange nor it’s 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.