StrikePoint Gold Updates 2020 Exploration Program for Northwest BC Gold and Silver Properties
StrikePoint Gold Updates 2020 Exploration Program for Northwest BC Gold and Silver Properties
Vancouver, British Columbia — September 9, 2020, StrikePoint Gold Inc. ("StrikePoint" or the
"Company") (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide an update on its 2020 drilling and surface
exploration programs on its 100% -owned high-grade Willoughby gold-silver Property and Porter Silver
Property located east of Stewart, BC in British Columbia’s prolific Golden Triangle. With assays pending
for the Phase I drilling program from Willoughby, upcoming work will focus on the past -producing high-
grade Porter Silver Project.
“While the Company awaits assay results from drilling and surface sampling for Willoughby, we will
keep our drill pads and infrastructure in place for potential follow -up drilling,” said Shawn Khunkhun,
StrikePoint’s President and CEO. “We are currently focused on exploring for new and extension veins at
the high-grade Porter Silver Property. Our primary goal is to discover new silver veins in order to connect
the Silverado mine on the north side with the Prosperity/Porter Idaho mines on the south side of the
mineralized structural corridor. Most importantly, I am exceptionally proud of our t eam’s productivity
and success in meeting operational milestones and goals, despite challenging weather conditions all
summer and heightened safety protocols being implemented.”
Willoughby Gold-Silver Property
The main objectives of the 2020 exploration program at the Willoughby gold-silver property has been to
improve continuity of high-grade and to test broad zones of disseminated gold and silver mineralization
encountered in previous drilling and surface sampling. Surface exploration commenced on July 29, 2020
and drilling began on August 10, 2020 . The Property is located on the east side of the Cambria Icefield,
seven kilometers east the advanced-stage 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 an 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 strong pyrite mineralization with lesser pyrrhotite, sphalerite,
galena, chalcopyrite, and native gold. Eight gold and silver mineralized zones have been identified to -
date over the mineralized trend which extends onto Decade/Teuton Resources’ Del Norte Property.
Extensive surface sampling has been completed, targeting high-grade newly exposed mineralization with
262 surface samples collected, with all assays currently pending. In addition, over 1,700 meters of
drilling in seven holes have been completed so-far in 2020, with all holes submitted for assay.
Porter Silver Property
At the high-grade Porter Silver Property, the focus of the 2020 exploration season will be linking the
two-past-producing high-grade silver mines on the property : the Silverado (northwest) and
Prosperity/Porter Idaho (southeast) mines that outcrop 2,000 meters apart on the opposite sides of
Mount Rainey, overlooking the town of Stewart, BC . Upcoming work will include exploration for n ew
veins that have been identified outside of the historic resources and past producing areas. The Silverado
glacier has retreated significantly over recent years, with prospecting planned in newly exposed areas. In
steeper locations of the Property , experienced mounta ineering crews and climbing geologists will be
employed to sample new exposures . A drill program based out of Stewart has been planned to target
high-grade silver veins previously reported through historical stoping, drilling, surface sampling as well
as recent exploration programs by StrikePoint.
The Porter Project is strategically located near tidewater, overlooking the town of Stewart, B C. The
Property was profitably mined between 1929 and 1931 by the Premier Mining Company, producing
27,123 tonnes of direct-shipping ore with recovered grades of 2,542 g/t silver (73.8 oz/ton Ag) and 1 g/t
gold (yielding approximately 2.2 million ounces of silver) as well as base metals . The Porter Project
contains an historic Indicated Resource of 394,700 tonnes gra ding 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 historic 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 ounce s)**. Mineralization is hosted within shear-hosted, silver -rich vein systems. Individual
structures have been traced through surface mapping for over 200 meters along strike and 1,000 meters
down-dip with widths ranging from one to thirteen meters.
**CAUTION: 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 Reserves. 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. As 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. is the Project Manager and Qualified Person for StrikePoint Gold as defined by
National Instrument 43-101, for the Willoughby and Porter p rojects. A comprehensive QA/QC Program
including: standards, blanks and duplicate samples and chain of custody controls are in-place for the
2020 Exploration Program on Strike Point’s properties. Ms. Lacasse has prepared, reviewed and
approved the technical content of this news release.
About StrikePoint
Strikepoint Gold is an exploration company focused on building high -grade precious metal resources in
Canada. The company controls two advanced -stage exploration assets in British Columbia's Golden
Triangle: the past -producing high-grade Porter silver project and the high -grade Willoughby gold -silver
property, which is adjacent to Red Mountain. The company also owns a portfolio of gold properties in
Yukon and has strategic shareholders including Eric Sprott, Ascot Resources and Skeena Resources.
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 here of 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 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.
For more information, please contact:
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
W: www.strikepointgold.com