Strikepoint GOLD Inc. Announces 2020 Phase I Surface Exploration Program at the High- Grade Willoughby GOLD and Porter Silver Properties
STRIKEPOINT GOLD INC. ANNOUNCES 2020 PHASE I SURFACE EXPLORATION PROGRAM AT THE HIGH-
GRADE WILLOUGHBY GOLD AND PORTER SILVER PROPERTIES
Vancouver, British Columbia — June 29, 2020, StrikePoint Gold Inc. ("StrikePoint" or the " Company")
(SKP:TSX.V)(STKXF:OTCQB) is pleased to announce its plans for the 2020 Exploration program on its
100%-owned Willoughby and Porter propert ies located near Stewart, BC in British Columbia' s prolific
Golden Triangle. The first phase of the program is expected to commence in early July and is intended to
refine and prioritize drill targets to be tested later this summer during a second phase of exploration.
At the Willoughby Property, surface work will focus on refining existing drill targets and identifying new
priority areas along and across strike from the known prospects, prioritizing structural and lithological
traps that may focus high-grade gold mineralization . Work will include detailed mapping and channel
sampling in key areas , performed by our experienced team of geologists and technicians . At the Porter
Silver Property, follow-up on surface samples of high-grade silver collected during the previous field
campaign, notably at the Big Nunataq prospect. Work at Porter will also include structural mapping and
sampling to follow up on a newly identified silver-bearing vein located near the historic Porter-Idaho and
Silverado Mines.
StrikePoint CEO, Shawn Khunkhun stated that, “This is an exciting time for SKP shareholders and value
will be driven by discovery news on these high-grade properties. The company’s market cap relative to
peers offers investors a compelling value proposition.”
Willoughby Gold Project
The project occurs along the eastern margin of the Cambria Icefield , approximately seven kilometres
east of the advanced-staged Red Mountain Gold Deposit owned by Ascot Resources . The property is
underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary rocks
that have been intruded by a n early Jurassic-aged hornblende-feldspar porphyry, similar to and
potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized
zones consist of primary pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold and.
Eight gold and silver mineralized zones have been identified to-date over a one-kilometre strike-length
mineralization trend.
Porter Gold Project
The project is strategically located at the head of the Portland Canal, overlooking the town of Stewar t,
British Columbia. The property was mined between 1929 and 1931 and produced 27,123 tonnes with
recovered grades of 2,542 g/t silver (73.8 oz/ton) and 1 g/t gold (yielding approximately 2.2 million
ounces of silver). The Porter project contains a Historical Indicated Resource of 394,700 tonnes grading
868 g/t silver, 3.37% lead and 1.41% zinc (435,000 tons @ 25.2 oz/ton silver or a contained 11 million
ounces) and an Inferred Resource of 88,900 tonnes grading 595 g/t silver (97,900 tons @ 17.3 oz/ton
silver or a contained 1.7 million ounces) **. Mineralization is contained in shear-hosted, silver-rich vein
systems. The different mineralized zones were traced on the surface for over 200 meters along strike
and 1,000 meters down dip with widths ranging from one to thirteen meters.
**Estimates of mineral resources are dated March 10, 2008 , and were prepared by independent consulting
geologist N.C. Carter, Ph.D., P. Eng. for Raimount Energy Inc. and re- stated for Mount Rainey Silver Inc. on May 15,
2012. The foregoing estimates made use of an extensive database detailing the results of both underground
sampling programs as well as surface and underground diamond drilling. The Mineral Estimates were prepared
according to CIM Standards on Mineral Resources and R eserves. The reader is cautioned that a Qualified Person on
behalf of StrikePoint has not done sufficient work to verify either the underlying sampling data or the calculation
methodology to consider this to be a current resource. A s a result, StrikePoint is treating this mineral resource as a
Historical Estimate, as defined in National Instrument 43 -101. StrikePoint has not yet determined what work needs
to be completed to upgrade or verify the Historical Estimate.
Qualified Person
Marilyne Lacasse, P. Geo., Project Manager for Strikepoint Gold, is the Qualified Person as defined by
National Instrument 43-101 who prepared and approved reviewed the technical data in this news
release.
About StrikePoint
StrikePoint Gold is a gold and silver 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 Porter Silver Project and the high -grade Willoughby Gold
Project, 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
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.
For more information, please contact:
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
W: www.strikepointgold.com