Strikepoint GOLD Inc. Commences Exploration Activities 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 EXPLORATION ACTIVITIES ON THE PLUTO
PROPERTY, KLUANE, YUKON TERRITORY
July 14, 2017, Vancouver, BC - StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB)
(“StrikePoint” or the Company) is pleased to report on the progress of its $2.5M
summer gold exploration program in the Yukon. Comprehensive work including drilling
has been completed on the Mahtin property. The crew is now working on the Pluto
property judged to be Strikepoint’s highest ranked target. Exploration is also planned
this season for several other targets.
The Pluto Gold Project is located approximately 100km west-southwest of the town of
Carmacks in the central Yukon Territory. The StrikePoint Team have established their
camp and are currently undertaking a mapping and sampling program, with drilling due
to start on or around July 16th. Two main targets have been identified for exploration
work, the northern “Charon” target and the southern “Hydra” zone.
Charon consists of a soil anomaly with samples running up to 15,342 ppb gold, and
stretching for 1.2km east to west. It is proposed that these anomalous soils are related
to a layer 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. This has resulted in soils samples
returning grades up to 3,427 ppb Au over an area 1km by 1km.
Both targets have been the subject of an Induced Polarization (IP) Geophysical study in
June carried out by Groundtruth Exploration. The results are currently being analyzed
and will be used for targeting the RAB drill program.
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. 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.
Update on Mahtin Exploration
Exploration work was undertaken on the Mahtin Property between June 6th and July 4th,
with a focus on the Mahtin North and MayQu target areas. A total of 164 grab samples
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
were taken from across the Mahtin property, including from potential new zones of
mineralization discovered on the Alp-Forty claims in the southwestern portion of the
Mahtin claim block.
A total of nine RAB holes were drilled, with six in Mahtin North and three on MayQu,
ranging from 80m to 150m depth each.
All grab and RAB chip samples are currently with the laboratory for assaying, and results
are pending.
Baseline environmental studies were also completed on both the Mahtin North and
MayQu targets, including wildlife surveys and water sampling. The use of the RAB drill
has minimal environmental impact. All collar locations were cleaned and reclaimed
immediately after drilling was completed.
StrikePoint Gold also took part in the First Nations of the Na-Cho Nyak Dun ‘Industry
Day’ on June 25th, presenting to the Council and Community the Mahtin and Golden-Oly
projects which lie within their traditional territories.
Other July Activities
In addition to drilling at Pluto, StrikePoint will also undertake some regional work on the
Sapphire, Kilo and Garnet properties which are also within the Kluane region.
Exploration activities will be restricted to mapping and sampling of anomalies
highlighted by work completed in 2012 by Ryan Gold Corp.
A small advance team will also mobilize into the North Canol Road area to undertake
some first pass work on the Golden-Oly targets.
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
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
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adequacy or accuracy of this release.