Strikepoint GOLD Inc. Discovers New High-Grade GOLD / Silver “Helios” Vein at Colossus Target, Golden-Oly, Yukon with Grades up to 37.5 Grams PER Tonne GOLD and 1150 Grams PER Tonne Silver
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
STRIKEPOINT GOLD INC. DISCOVERS NEW HIGH-GRADE GOLD / SILVER “HELIOS” VEIN
AT COLOSSUS TARGET, GOLDEN-OLY, YUKON WITH GRADES UP TO 37.5 GRAMS PER
TONNE GOLD AND 1150 GRAMS PER TONNE SILVER
September 6, 2018 - StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to
announce the discovery of a new high-grade gold and silver vein system at their
Colossus target on the Golden-Oly Project, Yukon Territory.
The Helios Vein
The Helios Vein is a new discovery on the western edge of the Colossus Target, which
has so far been traced for 600 meters along a roughly north-south strike. The
polymetallic vein is composed of quartz-arsenopyrite infilling factures that have formed
in the carapace of the Colossus granodiorite intrusion.
A total of twenty-two samples were collected from the vein, with grades ranging from
1.005 to 37.5 grams per tonne gold and trace to 1150 grams per tonne silver. The
highest grade silver sample also returned a value of 2.94% copper, although this is seen
as being anomalous. Helios is a series of parallel sheeted polymetallic quartz veins that
hosts massive sulfides and sulfosalts, including pyrite and arsenopyrite, with a collective
vein width at surface ranging from thirty centimeters to five meters.
These types of high-grade polymetallic veins form in the contact zone between the
intrusive and country rock contact. The mudstone surrounding the intrusion provides
carbon to the mineral-rich hydrothermal fluids which results in a redox reaction and
triggers the sulphide formation, which in turn traps the gold and silver. The vein
occupies arcuate fracture systems the parallel the intrusions, and so it is possible that
additional veins exist around the intrusion.
Drilling at Colossus targeted the carapace of the intrusive body to see if mineralization
persists at depth. The first results are expected in September.
The Zeus Target
The Zeus target is a ‘sister’ intrusion that lies approximately 7-kilometers to the south of
Colossus and represents another of the “Seven Wonders” targets. This intrusion is
partially exposed, and our prospecting team has discovered quartz-vein material like
that seen in the Helios Vein. To date a 60-meter strike length has been observed, with
grab sample assays returned from 1.355 to 4.06 grams per tonne gold and from trace to
43.6 grams per tonne silver.
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
The field team will continue to work on this new prospect, as well as others in the Seven
Wonders Trend, to collect more data. Similar mineralization and grade in veins to date
do help to firm up the notion that at least two of the Seven Wonders targets (Colossus
and Zeus) are geologically similar.
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
The Seven Wonders
This collection of three properties, now collectively termed the “Seven Wonders”
exhibited high levels of exploration potential during the 2017 season. The core of the
78-km long trend contains seven buried or partially exhumed intrusions that appear to
be copper-rich in the west and becoming more gold-dominated in the east.
Highlights from the 2017 program include:
• Surface grab samples at PDM returned grades of up to 9.8g/t gold, 2.8% copper
and 245g/t silver in 2017.
• Samples collected from an area of sheeted veins within intrusive material with
visible copper mineralization, including native copper.
• Historical samples up to 19g/t gold occur about 2 kilometers northeast of the
Babylon intrusive along an untested gossanous ridgeline.
• The Colossus target on the Golden-Oly property returned assays up to 10.65g/t
gold, 364g/t silver and 0.52% copper.
• Airborne geophysics shows seven of these buried intrusions along a west-
southwest to east-northeast bearing.
About StrikePoint Gold
StrikePoint Gold is a well-financed gold exploration and development company. The
company controls a portfolio of gold properties in the Yukon and throughout Canada.
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
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.