StrikePoint Cuprite Gold Project Phase 1 Exploration Results: Large Scale Soil and Coincidental Geophysical Anomalies Identified
StrikePoint Cuprite Gold Project Phase 1 Exploration Results:
Large Scale Soil and Coincidental Geophysical Anomalies Identified
Vancouver, British Columbia — September 26, 2023, (SKP: TSX.V) (STKXF: OTCQB) StrikePoint Gold Inc.
(“StrikePoint” or the “Company”) announces the results of its first phase of exploration results for 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 “Expande d Silicon” project . (Figure 1,
Nevada Locator Map)
Michael G. Allen said, “We have completed 13.5-line kilometers of Induced Polarization (IP) geophysical
surveys and collected over 1,000 soil samples on the project as well as detailed geological mapping. This
work resulted in a 2.6 square kilometer multi -element soil anomaly, coincident with resistivity and
chargeability highs and projected ground preparation by multiple structures. The Company is evaluating
additional geophysical and geological work while targeting a drilling program for late 2023 or early
2024.”
Exploration Update Webinar
The Company will be hosting an interactive webinar on Thursday September 28, 2023 at 10 am Pacific /
1 pm Eastern time. Register from this link: https://events.6ix.com/preview/strikepoint- gold-nevada-
exploration-update
Soil Sampling Results
A total of 1,041 soil samples were collected on 17 lines spaced approximately 200 meters apart. On-line
sample spacing was approximately 30 meters. Samples were collected using a hand auger at an average
depth of approximately 30 cm. Resul ts of the survey were a coherent mercury soil anomaly ,
coincidental with the projection of and geophysical signature of normal faults of the Stonewall
Mountain Caldera, plus minor mercury anomalies possibly associated with secondary structures.
Associated arsenic and antimony anomalies appear to be associated slightly outboard of the mercury
anomalies suggesting the possibility of a convection cell caused by the oxidation of sulphides at depth .
Individual samples ranged from 0.0009 ppm to 7.4 ppm m ercury, with 12 samples registering greater
than 1 ppm mercury. (Figure 2, Cuprite Mercury in Soils)
Geophysical Survey Results
Zonge International co mpleted the three lines of IP data using a dipole -dipole array with a 250 -meter
dipole length. The survey identified a possible 6-kilometer-long structural corridor that aligns with the
hypothesised Stonewall Mountain Caldera margin. Zones of high resist ivity thought to be potential
silicification were offset through normal faulting. (Figure 3, Cuprite Inverted Resistivity)
Chargeability highs corresponded to the interpreted faults. (Figure 4, Cuprite Inverted Resistivity)
Overall, the data indicates a possib le large scale hydrothermal system in a similar structural
environment to the nearby 4.22-million-ounce gold Silicon Deposit operated by AngloGold.
Geological Mapping
In addition, the Company ’s on-going geological mapping at the Cuprite Gold Project has identified
multiple east-west structures that project into the mercury anomaly identified from the soil sampling
program. This highlights the potential of significant ground preparation for mineralizing fluids where the
east-west structures intersect the hypothesised Stonewall Mountain Caldera Margin. (Figure 5, Mapped
Cuprite Geology and Structures)
Conclusion
The Cuprite Gold Project is a known area of significant hydrothermal and acid-leach alteration. Work by
StrikePoint has identified sizable, structural, geochemical and geophysical anomalies similar in scale to
the AngloGold’s Silicon Deposit. The soil geochemical anomalies, coincident with g eophysical and
mapped structures indicate a large-scale target exists on the property. (Figure 6, Cuprite Target Areas)
The Company is evalua ting the additional geophysical and geological work to help refining the target
prior to the Company’s inaugural drill program at the Cuprite Gold Project, expected in late 2023 or
early 2024.
Option Grant
The Company announces that it has granted 3,750,000 incentive stock options (the ”Options”) to certain
directors, officers, consultants and/or employees. The options are exercisable at a price of $0.0 5 per
share until September 26, 2028.
Additionally, a total of 300,000 incentive options have been awarde d to Knox Communications Inc., a
Canadian based firm focusing on marketing, investor communications and raising capital for the
Company. The options will vest on a quarterly basis over a twelve -month period in blocks of 25%. For
further information on Kn ox Communications please refer to the Company’s April 27, 2023 news
release.
Incentive stock options granted to directors, officers and consultants of the Company are subject to
restrictions on resale until January 26 , 2024 in accordance with the policies of the TSX Venture
Exchange.
About StrikePoint
StrikePoint Gold is a gold exploration company focused on building precious metals resources in Canada
and the Western U nited States . In addition to Cuprite Gold Project , the Company controls two
advanced-stage exploration assets in B ritish Columbia’s Golden Triangle : the past-producing high-grade
silver Porter-Idaho Project and the high-grade gold Willoughby Project.
The Cuprite Gold Project consists of approximately 574 unpatented claims c overing approximately 44-
square kilometers, located 15- kilometers south of Goldfield Nevada, and 8 5-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 Anglogold’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.
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.
The soil samples were delivered to the American Assay Laboratories prep lab in Reno, Nevada. They
were prepped using method P -SP81, in which samples are dried at 60 degrees C and sieved to - 80m.
Prepped samples were analyzed by the method IM-2A16, which uses a 2-acid digestion of a 0.5g sample
and gives results for 16 elements. Another analysis for mercury utilized method DM -Hg11, which is a
direct mercury analytic technique analyzing mercury vapor from the sample. The samples were also
analyzed using the method TS -SP99, which utilizes near- infrared reflectance spectroscopy to analyze
clay minerals.
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 c urrently 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 thi s release.