Strikepoint GOLD Inc. Discovers Two‐hundred Meter Polymetallic Vein with Samples Grading up to 876 Grams PER Tonne Silver, 10.8 Grams PER Tonne GOLD and 12.5% Zinc ON Glacier Creek Property, Stewart, British Columbia
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 TWO‐HUNDRED METER POLYMETALLIC VEIN
WITH SAMPLES GRADING UP TO 876 GRAMS PER TONNE SILVER, 10.8 GRAMS PER
TONNE GOLD AND 12.5% ZINC ON GLACIER CREEK PROPERTY, STEWART, BRITISH
COLUMBIA
Vancouver, BC – November 27, 2018 ‐ StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is
pleased to announce significant surface sample results from a polymetallic vein on the
Glacier Creek Property. This property is part of the land package with the Porter Project
acquired from Skeena Resources (SKE:TSX.V) in July 2018.
This discovery lies 5.5 kilometers northeast of the historic Porter mine site and 4
kilometers east of Highway 37A. The Glacier Creek Property lies in an area of significant
historical importance and hosted several mines during the early 20th Century, including
the Dunwell and Black Bear Mines. Its lower elevation and local water supply offer
Strikepoint the opportunity for an extended exploration season.
Wide Vein with Massive Sulphides
The new vein was observed along a strike length of 205‐meters on the western side of
Albany Creek. The vein was observed to be up to 2‐meters thick on surface and
consisted of brecciated mudstones flushed with quartz and massive sulphides, including
pyrite, galena and sphalerite. The vein has a shallow dip of 30 degrees west, and
remains open along strike.
A total of 18 surface samples were collected during a prospecting exercise on 22nd
September 2018. The following table shows results for all samples collected.
Sample
Number
Source Gold
(grams per tonne)
Silver
(grams per tonne)
Zinc
(percent)
X956805 Outcrop 0.7 - -
X956806 Outcrop 0.3 17.0 -
X956807 * Ore Pile 10.8 24.7 -
X956808 * Ore Pile 6.7 13.1 3.5
X956809 Outcrop 10.8 56.8 1.2
X956810 Outcrop 8 26.5 1.3
X956811 Outcrop 3.9 12.3 -
X956812 Outcrop 3.3 37.7 -
X956813 Outcrop 1.7 15.8 -
X956814 Outcrop 2.4 87.4 -
X956815 * Ore Pile 1.9 876.0 -
X956816 Outcrop 0.7 90.9 8.6
X956817 Outcrop 7.8 58.1 -
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
X956818 Outcrop 3.1 74.2 12.5
X956819 Outcrop 4.7 61.3 11.2
X956821 * Ore Pile 4.7 156.0 7.3
X956822 * Ore Pile 5.9 573.0 4.7
X956823 Outcrop 3.4 171.0 4.2
Historical Activity
The discovery lies in the same area as the historical “Ben Bolt” mine that was worked
between 1910 and 1912. The site has remained unexplored for the intervening 100
years. The most recent report on the mine was made by Dr. A. C. Skerl in 1955 following
a site visit that same year. The report details that 1,600 feet (490 meters) of hand‐driven
underground workings were excavated in the two years of operation, and that the
“whole of the workings are within a large quartz vein that is at least 200 feet (61m)
thick”.
The Ben Bolt mine lies along a geological trend known as the Portland Canal Fissure
Zone, a regional structure with the same trend as the Silverado – Porter – Big Nunatak
target zones.
Other historic mines along this trend have also shown significant ore bodies, with the
Dunwell Mine perhaps being the most famous, which produced 45,657 tonnes average
14.3 grams per tonne gold equivalent. Drilling by America Creek Resources Ltd. (AMK:
TSX.V) at Dunwell in 2010 indicated a zone at least 300‐meters long and 200‐meters
along dip with a true thickness of 6 to 7 meters.
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
2019 Drilling Target
The vein at Ben Bolt has never been drilled and as no exploration work has been
undertaken since 1912 it represents a major new target for exploration in 2019. The
surface strike length remains open to the northwest and the southeast, with
approximately 1.6 kilometers of the Portland Canal Fissure Zone continuing to extend to
the northern property boundary. The lower elevation and presence of Albany Creek has
the potential for extend the exploration season within the entire Porter Project package.
About the Golden Triangle
The Golden Triangle is an area of northwestern British Columbia that has seen extensive
historic mining and prospecting activity, and has recently been the site of modern
discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen
a resurgence in infrastructure investment which supports exploration activities,
including upgraded transmission lines supplying clean, affordable and reliable
hydroelectric power. Other recent improvements include highway upgrades, new ocean
port infrastructure at the ice‐free port of Stewart and the commissioning of three
hydroelectric facilities.
StrikePoint Gold is a well‐financed gold exploration and development company. The
company controls a portfolio of gold and silver properties in the Yukon, British Columbia
and throughout Canada.
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.
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.