StrikePoint Discovers Two New Zones of Surface Mineralization with Results Up to 156 g/t Gold and 91.7 g/t Silver and Extends North Zone with Results up to 53.9 g/t Gold and 1,240 g/t Silver at Willoughby
StrikePoint Discovers Two New Zones of Surface
Mineralization with Results Up to 156 g/t Gold and 91.7 g/t
Silver and Extends North Zone with Results up to 53.9 g/t Gold
and 1,240 g/t Silver at Willoughby
Vancouver, British Columbia – ( Newsfile Corp. – November 28 , 202 2) – StrikePoint Gold Inc. (TSXV:
SKP) (OTCQB: STKXF) (“StrikePoint” or the “Company”) is pleased to announce the drilling results as
well as reconnaissance grab sample results from the 2022 e xploration program at the 100% -owned
Willoughby gold-silver project, located east of the community of Stewart in British Columbia’s prolific
Golden Triangle. The 2022 program was focussed on regional exploration aimed at growing the footprint
of the Willoughby mineralization trend and to drill previously untested areas on the Project
Highlights of the 2022 field program at Willoughby Include:
• Newly discovered “BOD Zone” 125m to the South of the Icefall zone on the Willoughby nunataq,
with best grab sample returning 156 g/t Au and 91.7 g/t Ag
• New discovered “FS Zone” 700m to the south of the Willoughby nunataq with best grab sample
returning 6.48 g/t Au and 52.5 g/t Ag
• Extension of the main Willoughby showing along NNW structures with samples returning up to 53.9
g/t Au and 1,240 g/t Ag
• Drillhole W22-129 at the north end of the main Willoughby nunataq intersected 2.48 g/t Au and
4.00 g/t Ag over 4.20 metres including 11.45 g/t Au and 13.70 g/t Ag over 0.85 metres
• Drillhole W22-125, at the south end of the Willoughby nunataq intersected 1.02 g/t Au and 27.15
g/t Ag over 5.32 metres in a new zone of mineralization and alteration lying to the west of known
mineralized zones.
StrikePoint’s CEO, Michael G. Allen states, “The 2022 program at Willoughby significantly expanded the
known mineralized footprint on the property. Significant gold and silver grades have been established
through surface sampling and drilling for approximately 2,700 meters of strike length of the Willoughby
trend. Additionally, drillhole s W22-125 and W22 -129 identified potential new zones of mineralization
west of previous drilling at either end of the Willoughby nunataq, that has only been cut by these two
drillholes to date.”
2022 Willoughby Surface Sampling
At total of 84 surface grab samples were collected as part of the 202 2 Willoughby property exploration
program. Values returned ranged from 0.005 to 156.0 g/t Au and 0.25 to 1,240.0 g/t Ag with 27 samples
returning gold values of greater than 0.1 g/t . The program targeted areas of newly exposed outcrop to
the south and north of the Main Willoughby showing along the initial 1,300m long mineralized trend .
Exploration surface sampling highlighted two new mineralized zones, FS and BOD zones to the south, as
well as confirming mineralization at the historic Back Ridge zone, a previously underexplored area. This
work extended the Willoughby mineralized trend to a total of 2,700 metres.
Figure 1. Willoughby property surface grab sample locations
The BOD Zone is located at the southern most end of the Willoughby nunataq, 1 25 metres South of the
Icefall zone. Surface reconnaissance outlined a wide area of quartz-sericite-pyrite alteration at BOD that
is lin ked to alteration associated with of north-northwest striking structures further north on the
nunataq. These steeply east dipping structures are linked to bonanza grade mineralization as shown in
grab sample B0017097 grading 156 g/t Au and 91.7 g/t Ag. In addition, alteration halos around these
structures returned significant grades in three surface samples which average 4.02 g/t Au an d 11.9 g/t
Ag.
Further to the north o n the Willoughby nunataq , infill sampling was completed along the southerly
projection of the North Fault, confirming a 125-metre extension the north-northwest trending structure.
Sample B0017066 returned 53.9 g/t Au and 1,240 g/t Ag in a fault breccia with semi massive sulphide
cement, dominantly pyrite with patchy to disseminated galena.
Figure 2. Willoughby nunataq with new BOD zone surface grab sample locations – Inset of Figure 1
Figure 3. Field station W22-MLA-052 containing sample B0017097 returned 156 g/t Au and 91.7 g/t
Ag. Massive pyrite mineralization within the hanging wall of a north-northwest trending structure at
the BOD zone.
The newly defined FS zone located at the southernmost extent of the property, approximately 700
meters to the south of the BOD zone. This area has been recently exposed due to significant ice
recession. This new zone exhibits similar mineralization style to those outlined on the Willoughby
nunataq, suggesting a continuation of known mineralization. Significant grades were returned from the
few grab samples collected: B0017075 1.39 g/t Au and 128 g/t Ag, B0017076 3.05 g/t Au and 36.2 g/t
Ag, B0017080 4.95 g/t Au and 120 g/t Ag, and B0017081 6.48 g/t Au and 52.5 g/t Ag.
Figure 4. FS zone. Field station W22-MLA-027 containing sample B0017081 returned 6.48 g/t Au and
52.5 g/t Ag. Massive pyrite within a lapilli tuff.
Sample
Number Easting Northing Au Au-
AA23 ppm
Au
GRA21
ppm
Ag ME-
ICP61 ppm
Ag
GRA21
ppm
B0017002 6203083 464431 0.151 NC 2.1 NC
B0017010 6204043 463814 0.775 NC 51.6 NC
B0017016 6204950 463860 3.6 NC 7.8 NC
B0017019 6205224 463631 0.108 NC 6.2 NC
B0017023 6205214 463492 0.102 NC 12.4 NC
B0017025 6205107 463501 0.128 NC 2.6 NC
B0017054 6202965 463464 0.163 NC 2.1 NC
B0017055 6202967 463455 0.288 NC 4.3 NC
B0017066 6203182 463308 10 53.9 100 1240
B0017067 6203220 463308 0.978 NC 20 NC
B0017077 6202134 463625 0.21 NC 2 NC
B0017080 6202147 463620 4.95 NC 100 120
B0017082 6202126 463627 0.141 NC 2.5 NC
B0017081 6202126 463627 6.48 NC 52.5 NC
B0017085 6202113 463629 0.75 NC 21.3 NC
B0017075 6202113 463629 1.39 NC 100 128
B0017086 6202113 463629 3.05 NC 36.2 NC
B0017097 6202824 463548 10 156 91.7 NC
B0017098 6202833 463537 4.42 NC 16.8 NC
B0017099 6205032 463567 0.322 NC 1.6 NC
B0017100 6205032 463567 0.805 NC 2.7 NC
B0016062 6202920 463445 1.135 NC 11.8 NC
B0016061 6202920 463445 8.96 NC 13.4 NC
B0016064 6202898 463455 0.182 NC 3.2 NC
B0016063 6202898 463455 0.263 NC 2.8 NC
B0016065 6202909 463477 1.565 NC 5.6 NC
B0016066 6202911 463484 0.279 NC 4.2 NC
Table 1: Willoughby property – Select exploration grab samples results (NAD83 Zone9)
The Company considers t hese to be very encouraging results, strengthening and extending the
mineralization trend.
Willoughby Drilling
A total of 1,500 meters of diamond drilling was completed during the 2022 Willoughby exploration
program with a focus o n northern and southern extensions of mineralized zones on the Willoughby
nunataq and exploratory drilling to discover new mineralization to the west of the Willoughby Trend.
The program was successful in defining new mineralization to southwest of the North zone in hole W22-
129 which returned 2.48 g/t Au and 4.00 g/t Ag over 4.20 metres including 11.45 g/t Au and 13.70 g/t
Ag over 0.85 metres . The mineralization outlined in this hole is at the contact between the Jurassic
volcanic rock package and the Goldslide intrusive in an area strongly quartz-sericite altered with massive
pyrite mineralized sections and is similar to what is seen at the Edge, Wilby, and Icefall zones . From the
same drill set -up, hole W22-128 intersected 1.11 g/t Au and 20.96 g/t Ag over 9.02 metres including
2.46 g/t Au and 35.23 g/t Ag over 2.52 metres exploring extension of the mineralization to the
northwest, notably towards the NN zone . Mineralized intersections consist of massive pyrite veins in a
chlorite altered intrusive which is interpreted to be with the footwall alteration of the dominant
structures bearing mineralization.
Figure 5. Willoughby nunataq - North 2022 Exploration Drilling in relation with the historical drilling on
the Willoughby nunataq (1989-2021)
The remaining the three exploration holes were drilled further to the south on the Willoughby nunataq
in wide areas that were previously untested. Hole W22 -125 was an exploratory hole to the southwest
that intersected 1.02 g/t Au and 27.15 g/t Ag over 5.32 metres in strongly altered silica- sericite lapilli
tuff with semi- massive pyrite and sphalerite in an unexplored area. Hole W22 -127 was an aggress ive
100m step out from known mineralization at the Wilby zone , it intersected 0.82 g/t Au and 1.41 g/t Ag
over 8.78 metres and 8.39 g/t Au and 11.20 g/t Ag over 1.12 metres
Figure 6. Southern Willoughby nunataq 2022 Drilling in relation with the historical drilling on the
Willoughby nunataq (1989-2021)
Hole-ID Zone From (m) To (m) Length
(m) Au (g/t) Ag (g/t)
W22-125 Exploration 113.36 118.85 5.49 1.02 27.15
W22-126 Exploration 110.70 124.38 13.68 0.59 4.14
Incl. 116.30 124.38 8.08 0.62 3.60
W22-127 Exploration 189.00 197.78 8.78 0.92 1.41
206.30 207.47 1.17 8.39 11.20
226.29 227.13 0.84 2.92 43.20
W22-128 North 154.95 163.97 9.02 1.11 20.96
Incl. 155.74 158.26 2.52 2.41 31.12
272.65 273.98 1.33 1.90 1.40
W22-129 North 35.98 37.37 1.39 2.28 217.00
224.50 228.70 4.20 2.48 4.00
Incl. 227.85 228.70 0.85 11.45 13.70
252.20 257.00 4.80 0.88 0.79
265.78 267.86 2.08 1.53 0.50
Table 2: Highlight drilling intercepts at Willoughby project.
**True widths are estimated to 80% at this time.
Hole-ID Easting Northing Elevation Azimuth Dip Length (m)
W22-129 463281 6203282 1753.00 208 -55 290.00
W22-128 463281 6203282 1753.00 5 -55 288.00
W22-127 463337 6202960 1640.00 92 -72 300.00
W22-126 463337 6202960 1640.00 148 -55 321.00
W22-125 463337 6202960 1640.00 218 55 301.50
Table 3: Willoughby property – Drill collar locations and orientations (NAD83 Zone 9)
Willoughby Project
The project occurs along the eastern margin of the Cambria Icefield, approximately seven kilomet res
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, potentially comagmatic with the
Goldslide Intrusive suite at the nearby Red Mountain deposit. Intrusive -related mineralized zones
consist of primary pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, and native gold. Eight
gold and silver mineralized zones have been identified to date over a two -kilometre strike-length
mineralized trend.
QA/QC
Samples for the 202 2 drilling exploration program were all NQ -sized (47.6 mm diameter) drill core was
labeled, sawn in half, with one -half placed in sealed bags, and shipped with a chain of custody controls
to the laboratory. The remaining drill core is securely stored in Stewart, BC. The s urface samples for the
2022 exploration program were labelled and shipped to the laboratory using industry standard chain of
custody controls . The company implements a rigorous Quality Control/Quality Assurance program,
including the insertion of standards, blanks, and duplicates at regular intervals in the sample stream to
monitor laboratory performance.
All samples were submitted to the ALS Chemex and underwent preparation at either their Terrace and
Langley facilities in British Columbia with all analytical work carried out at their North Vancouver, BC
laboratory. 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 representativ e sub -samples using a riffle splitter, and
subsequently, 250g is pulverized. Analysis for gold is by 30g fire assay fusion with atomic absorption
(AAS) finish with a lower limit of 0.005 ppm and an upper limit of 10 ppm. Samples with gold assays
greater than 10ppm are re -analyzed using a 30g fire assay fusion with a gravimetric finish. Analysis for
silver is by 30g fire assay fusion with gravimetric finish with a lower limit of 2ppm and upper limit of
100ppm. Samples with silver assays higher than 100ppm are re -analyzed using a gravimetric silver
concentrate method. All samples are also analyzed using a 33 multi- elemental geochemical package by
4-acid digestion (ICP-AES).
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 t he high -grade gold property
Willoughby, 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.
“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) 609-6107
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 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.