Strikepoint Gold’s Step-out Drilling at Willoughby Intersects 10.24g/t Gold-Equivalent over 6.16 Meters
Strikepoint Gold’s Step-out Drilling at Willoughby
Intersects 10.24g/t Gold-Equivalent over 6.16 Meters
Vancouver, British Columbia - December 9, 2021, StrikePoint Gold Inc. (“StrikePoint” or the “Company”)
(SKP:TSX.V) (STKXF:OTCQB) is pleased to announce the initial drill result s from the 2021 exploration
program at the 100% -owned Willoughby gold -silver property, located east of Stewart in British
Columbia’s prolific Golden Triangle.
Results have been received from the first of four areas drilled during the 2021 season targeting
extensions to mineralization along strike identified during the 2020 drilling program. Gold-silver
mineralization was encountered in all holes. Highlights include:
7.34 g/t Au and 202.85 g/t Ag or 10.24 g/t AuEq over 6.16 meters in W21-109
3.78 g/t Au and 10.45 g/t Ag or 3.93 g/t AuEq over 4.0 meters in W21-110
4.18 g/t Au and 3.47 g/t Ag or 4.23 g/t AuEq over 7.0 meters in W21-110
High-grade gold-silver mineralization encountered in d rill hole W21 -109 is a step-out of approximately
25 meters down-dip from 2020 intercept W20-106 which intersected 10.04 g/t Au and 5.61 g/t Ag or
10.12 g/t AuEq over 7.72 meters within a broader interval of 4.19 g/t Au and 18.28 g/t Ag over 27.78
meters.
“Willoughby continues to deliver wide, high-grade intervals of gold- silver mineralization in multiple
areas. We are building continuity of structurally -controlled and intrusive-related mineralization and
are excited for further incoming results from the rest of the 2021 Willoughby program as well as drill
results from our Porter Silver project,” said Shawn Khunkhun, President and CEO of Strikepoint Gold.
During the 2021 program, 4,050 meters of core drilling in seventeen holes were completed at the
Willoughby Property as well as extensive surface chip -channel sampling and mapping of well -exposed,
gold-silver mineralization within disseminated to massive sulphides that were follow up to 2020 surface
results and in -field observations. The objective of the p rogram was to targets gaps between previous ly
drilled high-grade zones at Willoughby as well as the Willow zone one-kilometer to the north that hosts
analogous high-grade mineralization. Assays are currently pending for the remaining 13-holes, as well as
all surface sampling results.
Drill holes W20 -108 to W20-111 were collared from the same site, testing extensions of the
mineralization identified during the 2020 drill program. Drill hole W21 -109 intersected 7.34 g/t Au and
202.85 g/t Ag or 10.24 g/t AuEq over 6.16 meters and W21-110 intersected 2.48 g/t Au and 5.30 g/t Ag
or 4.23 g/t AuEq over 4.0 meters and 4.18 g/t Au and 3.47 g/t Ag or 4.23 g/t AuEq over 7.0 meters .
These holes are interpreted to occurs within the hanging wall of a shear structure with steep southwest
dip associated with dominant sulphide mineralization including semi-massive to sheeted pyrite- galena-
sphalerite-chalcopyrite. Holes W21-108 & W21-111 stayed in the footwall to the zone, however sheeted
vein sets were observed at depth and are interpreted to indicate close proximity to the mineralized
structure which is consistent with surface observation.
Figure 1. 2021 & historic Willoughby Drillhole plan view map with gold assay results for
the 2021 drill results
The causative, dio rite intrusive rocks at Willoughby are considered comparable to, and potentially co -
magmatic with , the Goldslide intrusive suite associated with mineralization at Ascot’s Red Mountain
deposit, located seven kilometers west of the property. These intrusive sills are interpreted to have
pooled gold bearing -sulphides in permissive Jurassic -aged volcanic rock package below the intrusion
creating wide areas of disseminated gold -silver mineralization. This was encountered in the following
intercepts: W21-108 1.24 g/t Au and 1.51 g/t Ag over 15-meters, W21-109 2.66 g/t Au and 13.18 g/t Ag
over 4.7 meters, W21 -110 1.60 g/t Au and 3.19 g/t Ag over 8.5 meters, and W21- 111 0.86 g/t Au and
1.70 g/t Ag over 11.0 meters.
Complete results are as follows:
Hole-ID Azimuth/Dip From
(metres)
To
(metres)
Length
(metres)
Gold
(g/t)
Silver
(g/t)
Gold
Equivalent
(g/t)
W21-108 79/-68 183.00 186.00 3.00 0.96 11.25 1.12
210.00 225.00 15.00 1.24 1.70 1.26
incl. 210.00 217.00 7.00 1.95 0.89 1.96
235.00 241.00 6.00 2.57 6.52 2.66
incl. 235.00 238.00 3.00 3.83 6.83 3.93
257.50 258.50 1.00 3.66 2.40 3.69
314.00 315.00 1.00 2.35 11.50 2.51
W21-109 45/-70 171.30 176.00 4.70 2.66 13.18 2.84
184.00 188.00 4.00 1.06 2.43 1.09
271.00 272.50 1.50 0.89 2.6 0.89
285.34 291.50 6.16 7.34 202.84 10.24
306.50 308.00 1.50 2.00 3.00 2.04
W21-110 45/-73 188.00 192.00 4.00 3.78 10.45 3.93
199.50 208.00 8.50 1.60 3.19 1.65
incl. 199.50 203.50 4.00 2.64 5.21 2.71
237.00 241.00 4.00 2.48 4.1 2.54
284.00 291.00 7.00 4.18 3.47 4.23
W21-111 63/-74 202.00 213.00 11.00 0.86 1.70 0.88
incl. 202.00 204.00 2.00 2.41 4.10 2.47
incl. 212.00 213.00 1.00 1.10 2.20 1.13
223.50 225.00 1.50 0.94 9.80 1.08
243.00 249.00 6.00 0.70 10.6 0.85
Table 1: Highlight drill intercepts from oriented core diamond drilling at the
Willoughby project. Gold equivalent calculated using a 70:1 Ag:Au ratio.
**True widths are not known at this time. All widths reported are drilled length.
StrikePoint also announces that it has adopted a new stock option plan (the “Fixed Stock Option Plan Up
To 10%”). The Plan is subject to TSX Venture Exchange approval and can be viewed in its entirety on
SEDAR.
Willoughby Gold-Silver Project
Willoughby is located along the eastern margin of the Cambria Icefield, approximately seven kilomet res
east of Ascot Resources advanced-staged Red Mountain d eposit. The property is underlain by Upper
Triassic Stuhini rocks and Lower Jurassic Hazelton volcano-sedimentary rocks that have been intruded by
an early Jurassic -aged hornblende -feldspar porphyry, potentially comagmatic with the Goldslide
Intrusive suite at Red Mountain deposit. Intrusive-related, structurally-controlled and replacement-style
mineralized linked consist of primary pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite,
native gold. Eight gold and silver mineralized zones have been identified to -date over a one -kilometre
strike-length mineralization trend.
QA/QC
Samples for the 2021 exploration program were all NQ sized (47.6mm diameter) drill core labelled, sawn
in half, with one -half placed in sealed bags and shipped with a chain of custody controls to the
laboratory. The remaining drill core is subsequently securely stored in Stewart, BC . The company
implements a rigorous Quality Control/Quality Assurance program, including the insertion of standards,
blanks, and duplicates at regular intervals in the sample stream to monitor laboratory performance.
Drill core samples are submitted to the ALS Geochemistry facility in Terrace , British Columbia, for
preparation and subsequently to the ALS Geochemistry facility in North Vancouver for analysis. The ALS
facility is accredited to the ISO/IEC 17025 standard for gold assays, and all analytical methods include
quality control materials at set frequencies with established data acceptance criteria. The entire sample
is crushed, split into a representative sub -sample using a riffle splitter, and subseque ntly, 250 g is
pulverized. Analysis for gold is by 30g fire assay fusion with atomic absorption (AAS) finish with a lower
limit of 0.005 ppm and an upper limit of 10ppm. Samples with gold assays greater than 10ppm are re -
analyzed using a 30g fire assay fus ion with a gravimetric finish. Analysis for silver is by 30 g fire assay
fusion with gravimetric finish with a lower limit of 0.5 ppm and an upper limit of 100 ppm. Samples with
silver assays greater than 100 ppm are re -analyzed using a gravimetric silver concentrate method. All
samples are also analyzed using a 33 multi-elemental geochemical package by 4-acid digestion (ICP-AES).
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is Andrew
Hamilton, P. Geo, technical advisor to Strikepoint. He has read and approved the scientific and technical
information that forms the basis for the disclosure contained 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 p roject and the high -grade gold Willoughby
property, adjacent to Red Mountain. The company also owns a 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 c ompany’s filings with Canadian securities regulators. Such information contained herein
represents management’s best judgment as of the date hereof 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) accept 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