Strikepoint GOLD Inc. Achieves up to 98.7% GOLD Recoveries and 89% Copper Recoveries from Initial Metallurgical Studies ON the Pluto Property, Yukon Territory
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
STRIKEPOINT GOLD INC. ACHIEVES UP TO 98.7% GOLD RECOVERIES AND 89% COPPER
RECOVERIES FROM INITIAL METALLURGICAL STUDIES ON THE PLUTO PROPERTY,
YUKON TERRITORY
July 10, 2018 - StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to report
results from an initial metallurgical study completed on drill samples collected on the
Pluto Property during the 2017 drilling campaign.
Highlights:
• The combination of gravity, flotation and leach tests resulted in significant gold
recoveries of 89.6% to 98.7%.
• Copper from the same composites was recovered at 87.4% to 89% in the
flotation stage.
Results Summary
The overall testing produced good gold and copper recoveries for all three composites.
These are summarized below:
Comp Drill Hole Interval Gravity
Recovery
(Au)
Flotation
Recovery
(Au)
Cyanide
Leach
Recovery
(Au)
TOTAL
RECOVERY
(Au)
TOTAL
RECOVERY
(Cu)
1 17-CRN-02 15.24m at
1.05g/t Au
and 0.27%
Cu
21.8% 46.5% 21.2% 89.5% 88.0%
2 17-CRN-07 32.0m at
0.14% Cu
49.2% 39.5% 10.0% 98.7% 87.4%
3 17-CRN-08 7.62m at
0.24% Cu
38.4% 45.6% 13.7% 97.7% 89.0%
This study was commissioned as part of an ongoing assessment of the Yukon property
portfolio. This pre-scoping level process benchmarking was developed in a partnership
between Strikepoint and SGS, with the intention to assess recovery potential ahead of
additional exploration expenditures. As this was completed from ‘first pass’ drilling
results, it has given Strikepoint the confidence in the Pluto property to pursue future
exploration and to seek additional and elevated grade.
All analytical work was completed by SGS at its facility in Burnaby, Vancouver.
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
About the Pluto Property
The Pluto Property is in the Kluane region of the Yukon Territory, and covers an area of
21km x 22km, and is 100km southwest of the town of Carmacks. The ground is mainly
rolling hills with deep river valleys, but outcrop exposure is very poor. The aim of the
2017 program was to follow up on the soil anomalies identified in 2012 by Ryan Gold
Corp., and to provide a subsurface context to the geology through RAB drilling.
Five main target areas have been identified on the property to date: Charon, Styx, Nyx,
Hydra and Cerberus. The first four appear to have mineralization associated with the
interplay between a series of interbedded limestone and schist beds interacting with
volcanic dykes and quartz-stockwork veins, whilst Cerberus appears to be more vein
hosted gold and silver in nature.
The Charon Target is an area approximately 2.5km by 2km in the northeastern corner of
Pluto. In 2012, soil samples from this site returned grades up to 15.05g/t gold along a
1km ‘band’.
Strikepoint is currently in the process of completing a Class 3 Exploration Permit
following these results and has completed extensive talks with the Yukon Socio-
Economic Assessment Board (YESAB), the Kluane and Champagne-Aishihik First Nations
and various other stakeholders.
QA/QC
The Company maintains a rigorous QA/QC program with respect to the preparation,
shipping, analysis and checking of all samples and data from the properties. Quality
control for field sampling and drill samples at the Company's projects covers the
complete chain of custody of samples, including sample handling procedures and
analytical-related work, plus the insertion of standard and blank materials. The QA/QC
program also includes data verification procedures. ALS Laboratories in Vancouver,
Canada (ISO 17025:2005 accreditation) assayed all grab samples from the current field
program using fire assay and ICP Mass Spectroscopy methods. Drill samples were
processed by Bureau Veritas Labs in Vancouver, Canada (ISO9001:2008 accreditation).
The technical information contained in this news release has been approved by Andy
Randell, P. Geo., Vice President, Exploration of StrikePoint Gold. Mr. Randell is a
qualified person as defined in NI 43-101.
For further information, please visit our website: www.strikepointgold.com
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.
Shawn Khunkhun CEO and Director
For more information, contact:
Shawn Khunkhun
604-602-1440
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.