Strikepoint Announces Cuprite Gold Project 2024 Exploration Program Drill Permits in Hand for 5,000 meters of Drilling
Strikepoint Announces Cuprite Gold Project 2024 Exploration Program
Drill Permits in Hand for 5,000 meters of Drilling
Vancouver, British Columbia — January 16, 2024, (SKP: TSX.V) (STKXF: OTCQB) StrikePoint Gold Inc.
(“StrikePoint” or the “Company”) announces that it has received its permit for drilling on the 44 square
kilometer Cuprite Gold Project (“Cuprite Gold”) strategically located in the Walker Lane Trend of Nevada
between Centerra’s Gemfield Deposit and Anglogold’s “Expanded Silicon” project.
Click to Enlarge: (Figure 1, Nevada Locator Map).
Michael G. Allen, President and CEO of StrikePoint Gold said, “After acquiring the Cuprite Gold Project in
early 2023, we’ve added significant value to the project. We have more than doubled the footprint of the
property itself and completed comprehensive geophysical and geological mapping programs on the
property. We are excited by the results we’ ve received and are looking forward to our inaugural drill
program on the Cuprite Gold Project.”
Drilling:
The Company recently received approval from the Bureau of Land Management for drilling at up to 10
sites on the Cuprite Gold Project.
Click to Enlarge: (Figure 2. Cuprite Drill Collar Locations, Geology and Geochemistry)
The program is planned approximately 5,000 meters, and will be targeting ring structures of the
Stonewall Caldera in the heart of a 2.6 square kilometer mercury in soil anomaly defined by the
Company’s previous work as announced on September 26, 2023. The drilling will be completed by
Envirotech Drilling (“Envirotech”) of Winnemucca, Nevada, a rig will be available in late February, 2024.
Geophysics:
The Company has mobilized Zonge Geophysics of Tuscon , Arizona to the Cuprite Gold Project for
completion of an additional 5 -kilometers of induced polarization (“ IP”) surveying. Previous IP surveys
have identified a 6-kilometer-long North-South structural corridor at the heart of a 2.6 square kilometer
mercury in soil anomaly. Detailed mapping by the Company identified East -West faulting extending
towards the North-South structural corridor. The second phase of IP is designed to study the intersection
of the two sets of structures as a potential high priority drill target, allowing for further refinement of the
planned drilling.
Upcoming Investor Outreach Events:
On January 19 th and 20th, 2024, the Company will be attending the Metals Investor Forum held at the
Fairmont Pacific Rim Hotel in Vancouver, British Columbia. Michael G. Allen, President and CEO will be
presenting at 5:20 pm, on Friday, January 19th, 2024.
The Company will also be hosting investors in B ooth #126 at the Vancouver Resource Investment
Conference, located in the Vancouver Convention Centre, West Building on Sunday , January 21 st and
Monday, January 22 nd 2024. Michael G. Allen, President and CEO will be presenting at 2:10 pm, on
Monday January 22nd 2024, in Workshop Room #4.
Adoption of New Stock Option Plan:
At the Annual General and Special Meeting of shareholders (the “Meeting”) held on October 18, 2023 the
shareholders of the Company approved all matters as proposed, including the adoption of a new 10%
rolling stock option plan (the “Stock Option Plan”), whereby the aggregate number of Common Shares
that may be reserved for issuance pursuant to Options shall not exceed 10% of the issued and outstanding
Common Shares as at the date of grant of an Option, calculated in accordance with the policies of the
Exchange. Implementation of the Stock Option Plan has been approved by the TSX Venture Exchange.
About StrikePoint
StrikePoint Gold is a gold exploration company focused on building precious metals resources in Tier -1
jurisdictions.
The Cuprite Gold Project consists of approximately 574 unpatented claims c overing approximately 44-
square kilometers, located 15-kilometers south of Goldfield Nevada, and 85- kilometers northwest of
Beatty. The project is easily accessible by Highway 95 on the western margin of the property. The project
is located within the Walker Lane Gold Trend, which hosts Anglo Gold’s exciting Silicon Gold and Merlin
discoveries approximately 75-kilometers southeast of Cuprite. In addition, the Walker Lane hosts Tier 1
gold mines including Kinross’s Round Mountain Mine located approximately 130 -kilometers North of
Cuprite Gold Project.
In addition to Cuprite Gold Project, 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.
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.
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.
Michael G. Allen, President CEO & Director
T: (604) 374-8381
W: www.strikepointgold.com
Cautionary Statement on Forward Looking Information
Certain statements made and information contained herein may constitute "forward looking information" and
"forward looking statements" within the meaning of applicable Canadian and United States securities legislation.
These statements and information are based on facts currently available to the Company and there is no assurance
that actual results will meet management's expectations. Forward- looking statements and information may be
identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will",
“speculates”, "could" or "would".
All of the forward-looking statements made in this document are qualified by these cautionary statements. Although
the Company has attempted to identify important factors that could cause actual results to differ materially from
those contained in forward -looking information, there may be other factors that cause results not to be as
anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of
all factors and assumptions which may have been used. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those
described in forward-looking information. Accordingly, there can be no assurance that forward-looking information
will prove to be accurate and forward- looking information is not a guarantee of future performance. Readers are
advised not to place undue reliance on forward- looking information. The forward -looking information contained
herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or
revise forward –looking information or to explain any material difference between such and subsequent actual
events, except as required by applicable law.
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.