Strikepoint GOLD Inc. Commences Drilling ON the Pluto Property, Kluane, 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. COMMENCES DRILLING ON THE PLUTO PROPERTY, KLUANE,
YUKON TERRITORY
July 19, 2017, Vancouver, BC - StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB)
(“StrikePoint” or the Company) is pleased to report the commencement of drilling on
the Pluto Gold Project. Initial drilling activity is focused on the northerly Charon target
where a total of six RAB holes are planned, after which the drill will be relocated to the
southerly Hydra target for an additional four holes. Both targets have high-grade soil
assays that are coincident with geophysical anomalies.
Charon consists of a soil anomaly with samples running up to 15,342 ppb gold with
complimentary rock grab samples assaying up to 7.11g/t gold, and stretching for 1.2km
east to west. It is proposed that these anomalous soils are related to several layers of
mineralized limestone that was mapped in 2012. These limestones have been altered by
hydrothermal fluids from successive intrusions of volcanic dykes into the sedimentary
package.
The mineralization model of the Hydra target is not well understood at this point, yet it
appears to be a series of gold-bearing quartz veins in silicified biotite schist. This has
resulted in soil samples returning grades up to 3,427 ppb Au over an area 1km by 1km.
The Charon and Hydra targets are situated 6km from each other, with the ground in
between exhibiting similar gold in soil anomalies, namely on the ‘Stix’ and ‘Nix’ targets.
It is currently assumed that Charon and Hydra form the northern and southern
boundaries of a large, potentially mineralized zone.
An Induced Polarization (IP) geophysical survey undertaken by Groundtruth Exploration
in June 2017 highlighted several low resistivity anomalies that are coincident with the
high-grade soil and rock chip samples at surface. These anomalies also show an
apparent dip which is like that of the surrounding sedimentary units.
Drill holes will be between 100m to 150m in depth to test both the shallow and deeper
geophysical anomalies.
The Pluto Property
The Pluto property is in the Kluane region, and is one of the largest in StrikePoint’s
portfolio, approximately 40 x 30km in size, 100km southwest of Carmacks. Pluto sits
relatively close to the latest discoveries in the White Gold district, and is aligned along
strike with this group of projects. However, initial analysis of the geology seems to show
a unique mineralizing style for the area; the formation of skarns in contact with large,
regional ‘ring’ dyke volcanic features.
The presence of a shallowly dipping ‘dirty’ limestone unit in the local lithology has
become a focus for mineralization when intercepted by dykes of rhyolitic / dacitic
material. The skarns are identified by anomalous gold-in-soil results where they outcrop
in the sides of the valleys, which indicates that there is volume potential of the
mineralization, a hypothesis that will be drill tested in 2017.
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
For further information, please review the Corporate Presentation on the StrikePoint
Gold Inc. website for a more detailed, comprehensive review of the 2017 exploration
program: http://www.strikepointgold.com/images/Yukon-Properties-Presentation.pdf
This news release has been reviewed by Andy Randell P. Geo., Vice President,
Exploration of StrikePoint Gold, the Qualified Person for the technical information in this
news release under NI 43-101 standards.
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.