StrikePoint Gold’s Willoughby Surface Sampling Identifies Strike Extensions at NN and Willow Zones with high grade samples including 49 g/t Gold and 777 g/t Silver and 8.59 g/t AuEq over 3 metres at Edge Zone
StrikePoint Gold’s Willoughby Surface Sampling Identifies
Strike Extensions at NN and Willow Zones with high grade
samples including 49 g/t Gold and 777 g/t Silver and
8.59 g/t AuEq over 3 metres at Edge Zone
Vancouver, British Columbia – April 12, 2022 StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF)
(“StrikePoint” or the “Company”) is pleased to announce results from surface channel sampling as well
as reconnaissance grab sample s collected during the 2021 e xploration program at the 100%- owned
Willoughby gold-silver property, located east of the community of Stewart in British Columbia’s prolific
Golden Triangle. The purpose of the channel sampling is to provide quality surface assay data over the
surface expression of mineralized zones that could potentially be used for a NI43-101 Mineral Resource
Estimate for the property and to refine diamond drill targeting for 2022 field season.
Highlights of the remainder of 2021 surface sampling at Willoughby Include:
• 4.74 g/t AuEq over 7.0 metres, including 8.60 g/t AuEq over 3.0 metres in channel at Edge Zone
• 11 grabs from NN Zone average 4.28 g/t Au, 159.1 g/t Ag including 17.45 g/t Au, 576 g/t Ag
• 6 grabs from Willow Zone average 9.91 g/t Au, 151.4 g/t Ag including 49.00 g/t Au and 777 g/t Ag
StrikePoint’s CEO, Shawn Khunkhun, states, “In addition to providing increased definition at the known
gold-silver Zones at Willoughby, surface sampling during 2021 at the NN area along strike from the
North Zone underground workings has extended total strike of the series of mineralized Zones an
additional 113 metres to the north on the Willoughby nunataq. As well, the high-grade gold and silver
values and multiple high-grade structures 100 meters south of our Willow Zone drilling are priority
drilling targets for our 2022 drilling season. Of particular interest are the high silver assays from these
areas”
2021 Willoughby Channel Sampling
These results include seven continuous series of channel samples from steep terrain at the Edge Zone,
collected by experienced climbing geologists and technicians using a hydraulic chisel, from well- exposed
bedrock hosting disseminated to massive mineralization. The samples cover approximately 40 metres of
strike and 20 metres of vertical relief on steep exposure. This sampling suggests that the Edge Zone true
thickness ranges from 3 to 8 metres. Coupled with drilling, this sampling suggests dimension of 16 by 48
metres starting at surface.
The Edge Zone samples, along with channel sampling results from the Icefall zones on the property
(News release December 15, 2021, 3.38 g/t AuEq over 15.0 metres including 12.53 g/t AuEq over 2.0
metres in channel W21 -CH-004), provide representative assay data f rom surface expressions projected
up-dip and along strike to the north of previous and 2021 drilling (News Release March 2, 2022, 2.76 g/t
AuEq over 6.50 metres and 10.16 g/t AuEq over 1.5 metres in hole W21-117).
The Edge zone is one of the least tested of the seven significant mineralized areas on the Willoughby
nunataq. The c hannel sampling at the Edge Zones confirmed continuous gold and silver mineralization
along all seven channel lines in 74 samples with values of up to 18.50 g/t gold and 31.1 g/t silver. Five
channel sampling lines intersected the mineralized horizon perpendicular to the strike of the Edge Zone
(W21-CH-008, W21-CH-009, W21-CH-011 to W21-CH-013), and two are along strike (W21-CH-010, W21-
CH-014).
Figure 1. Edge zone 2021 Channel Sampling Line location in relation with the 2021 drilling on the
Willoughby nunataq.
The gold-silver mineralization consists of replacement-style sulphides within permeable lapilli tuff strata
of the Early Jurassic lower Hazelton group. Mineralization is concordant with bedding and ranges from
semi-massive to massive pyrite with accessory sphalerite -chalcopyrite. Both W21-CH-008 and W21-CH-
013 intersected the mineralized horizon perpendicularly . W21-CH-008 returned 4.74 g/t AuEq over 7.0
metres, including 8. 60 g/t AuEq over 3.0 metres . W21-CH-013 is the northernmost channel sampling
line, stepped out 48 metres from the previous ly released 2021 drilling at the Edge zone and returned
3.26 g/t AuEq over 9.0 metres . Both W21 -CH-010 and W 21-CH-014 are parallel to the mineralization
testing continuity along strike. W21-CH-010 returned 3.01 g/t AuEq over 11.0 metres , and W21-CH-014
returned 3.48 g/t AuEq over 18.0 metres , extending the outlined Edge zone mineralization in the 2021
drilling twenty-seven metres further to the north.
Hole-ID Zone From
(metres)
To
(metres)
Length
(metres)
Gold
(g/t)
Silver
(g/t)
AuEq
(g/t)
W21-CH-008 Edge 1.00 8.00 7.00 4.65 6.13 4.74
incl. 1.00 4.00 3.00 8.45 10.37 8.60
W21-CH-009 Edge 0.00 1.00 1.00 1.83 3.40 1.88
W21-CH-010 Edge 0.00 11.00 11.00 2.94 4.55 3.01
W21-CH-011 Edge 1.00 3.00 2.00 1.90 3.55 1.95
W21-CH-012 Edge 0.00 13.00 13.00 1.41 2.22 1.44
incl. 0.00 4.00 4.00 2.88 2.80 2.92
W21-CH-013 Edge 1.00 10.00 9.00 3.21 3.17 3.26
W21-CH-014 Edge 0.00 18.00 18.00 3.38 7.48 3.48
Table 1: Highlight channel sampling intercepts at the Edge zone - Willoughby project.
Gold equivalent grade calculated using a 70:1 Ag: Au ratio.
**True widths are estimated to be 70% at this time. All widths reported are channel widths.
Channel-ID Easting Northing Azimuth Length (metres)
W21-CH-008 463488.0 6203177.0 75 9.00
W21-CH-009 463502.0 6203170.0 78 5.00
W21-CH-010 463488.4 6203168.2 129 11.00
W21-CH-011 463476.0 6203162.0 68 6.00
W21-CH-012 463490.0 6203157.0 98 13.00
W21-CH-013 463485.0 6203196.0 90 12.00
W21-CH-014 463487.0 6203172.0 160 18.00
Table 2: Willoughby property – Edge Zone Channel Sampling locations and orientations (NAD83 Zone 9).
2021 Willoughby Grab Samples
The remainder of the 2021 select grab samples r esults were also received from the North -North and
Willow z ones. The Willow zone is the northern most zone on the property located 800 metres due
northeast of the Willoughby nunataq. Surface sampling returned high grade values ranging from 0.07 to
49.0 g/t Au, averaging 9.91 g/t Au and 3.3 to 777 g/t Ag, averaging 151.4 g/t Ag in a quartz-carbonate
veins with massive pyrite-sphalerite within a Jurassic tuff breccia. This mineralization is analogue to th at
intersected in the 2021 drilling and is located 100 metres south of any drilling completed in the area.
Figure 2. Willow zone surface grab sample location with the gold values displayed in g/t.
Annotated texts highlight select anomalous gold assays.
The NN Zone is located at the northernmost end of the Willoughby nunataq, 150 metres north of the
North zone. Surface reconnaissance outlined an extension of a wide mineralized north -northwest
striking structure comparable to the North fault. These steeply dipping structures are linked to bonanza
grade mineralization at the North zone to the south. A total of 11 grab samples were collected, ranging
from 0.38 to 17.45 g/t Au, averaging 4.28 g/t Au, and 2.1 to 598 .0 g/t Ag, a veraging 159.1 g/t Ag.
Highlights include 17.45 g/t Au and 576 g/t Ag in sample B0016021 and 13.60 g/t Au and 598 g/t Ag in
sample B0016022.
Figure 3. Massive pyrite mineralization within north northwest fault at the NN zone.