Strikepoint GOLD Updates Exploration Program at Willoughby Project, Targeting High‐ Grade GOLD and Silver; Grants Stock Options
STRIKEPOINT GOLD UPDATES EXPLORATION PROGRAM AT WILLOUGHBY PROJECT, TARGETING HIGH‐
GRADE GOLD AND SILVER; GRANTS STOCK OPTIONS
Vancouver, British Columbia — Aug 4, 2020 StrikePoint Gold Inc. (“StrikePoint” or the “Company”)
(SKP:TSX.V)(STKXF:OTCQB) announces that ongoing surface exploration work, including construction of
drill pads, mapping and channel sampling is highly encouraging, at the 100% owned Willoughby
Property, located in the BC’s prolific Golden Triangle 30km east of Stewart, BC. Exploration work is
designed to target new areas of sulphide mineralization and prospective alteration with the purpose of
identifying and refining drill targets. To‐date, 150 surface samples have been shipped for analysis.
StrikePoint’s President and CEO, Shawn Khunkhun commented “The focus of 2020 exploration has two
objectives: first, to improve continuity of high‐grade mineralization at Willoughby by targeting structural
traps and second, test broad zones of early‐Jurassic, intrusive‐related disseminated gold mineralization
similar to the large deposits at Seabridge’s KSM and Iskut Properties, Pretium’s Snowfield deposit and
Tudor/Teuton/American Creek’s exciting new Treaty Creek discovery.”
Assay results from the surface samples will be released in the coming weeks, in addition to
announcement of the start of diamond drilling Additionally, the Company will shortly be commencing
work at StrikePoint’s Porter Property, a 100% owned, high‐grade, past‐producing silver deposit located
immediately east of the town of Stewart. More information on the Properties can be found at
strikepointgold.com.
Grant of Stock Options
The Company also reports that 5,175,000 incentive stock options to its directors, officers, consultants
and/or employees pursuant to the Company’s stock option plan. The options are exercisable for a
period of five years at a price of $0.20 per share.
Willoughby Project
The Willoughby Project occurs along the eastern margin of the Cambria Icefield, located approximately
seven kilometres east of the advanced‐staged Red Mountain Gold Deposit acquired by Ascot Resources
from IDM Mining. 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 primary pyrite with lesser pyrrhotite, sphalerite, galena,
chalcopyrite, native gold and. Eight gold and silver mineralized zones have been on the Property to‐date.
QA/QC and Qualified Person
Samples for the 2020 program are collected by experienced geologists and technicians, placed in sealed
bags and shipped to ALS Labs in Terrace, BC for sample preparation, and subsequently to Vancouver, BC
for gold and multi‐element ICP analysis. A Quality Control/Quality Assurance program including the
insertion of Standards and Blanks has been implemented. The 2020 Exploration Program is performed
under the supervision of Marilyne Lacasse, P.Geo, Qualified Person as defined by National Instrument
43‐101. Ms. Lacasse has prepared and approved reviewed the technical data in this news release.
About StrikePoint
StrikePoint Gold is a gold exploration company focused on building high grade precious metals resources
in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The
past producing high grade silver Porter Project and the high‐grade gold property Willoughby, which is
adjacent to Red Mountain. The company also owns portfolio of gold properties in the Yukon.
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