StrikePoint Identifies Potential Feeder Structures, Boiling Horizons at Cuprite Gold Project
StrikePoint Identifies Potential Feeder Structures, Boiling Horizons at Cuprite
Gold Project
Vancouver, British Columbia — February 8, 2024 , (SKP: TSX.V) (STKXF: OTCQB) StrikePoint Gold Inc.
(“StrikePoint” or the “Company”) is pleased to announce further results from its recently completed
Induced Polarization ( “IP”) ge ophysical survey on the 44 square kilometer Cuprite Gold Project
strategically located in the Walker Lane Trend of Nevada between Centerra ’s Gemfield Deposit and
Anglogold’s “Expanded Silicon” project.
Surface mapping has identified a large hydrothermal system active within the Stonewall Mountain
Caldera. The new geophysical data suggests that s ulphidic feeders with associated silica flooding and
large-scale boiling horizons are present. The interpreted feeder zones appear to be coincident with the
highest-grade mercury in soil anomalies and mapped structures at surface. The combined data suggests
the possibility of a large epithermal gold deposit at depth similar to Anglogold’s nearby 4.22 million gold
ounce Silicon Deposit.
The StrikePoint team is compiling the newly acquired data to refine drill targets for the upcoming program
scheduled to begin in late February 2024.
Click to Enlarge: (Figure 1, Nevada Locator Map).
Michael G. Allen, President and CEO of StrikePoint said, “The survey’s results are extremely encouraging.
These targets appear to be relatively close to surface and of a size that could support a major new
discovery in Nevada. We are actively preparing for the maiden drill program for this property.”
Click to Enlarge: (Figure 2, North-South Chargeability Section with Interpretive Overlay )
Geophysical Program
In early January 2024 , Zonge International completed an additional Induced Polarization survey at the
Cuprite Gold Project. Subsequent processing an d interpretation by Wright Geophysics of Elko, Nevada
suggests t he elevated chargeability values identify zones of hydrothermal activity . In addition, a low
resistivity layer noted in the data possibly represents a boiling horizon which migrated up and down within
this large -scale hydrothermal system, suggesting the possibility of additional bulk tonnage targets at
depth. Surface mapping which reveals structural control, silicification, and widespread hydrothermal
alteration supports the interpretation of the IP data.
Drilling:
The Company recently received approval, and has successfully bonded drilling permits, for up to 10 sites
on the Cuprite Gold Project. The program is planned for late February 2024, totalling approximately 5,000
meters in up to 10 holes, with drilling to be completed by Envirotech Drilling of Winnemucca, Nevada.
About StrikePoint
StrikePoint Gold is a gold exploration company focused on building precious metals resources in Canada
and the Western United States.
The Cuprite Gold Project consists of approximately 574 unpatented claims covering approximately 44-
square kilometers, located 15-kilometers south of Goldfield Nevada, and 85-kilometers northwest of
Beatty. The project is easily accessible by Highway 95 on the western margin of the property. The project
is located within the Walker Lane Gold Trend, which hosts Anglo Gold’s exciting Silicon Gold and Merlin
discoveries approximately 75-kilometers southeast of Cuprite. In addition, the Walker Lane hosts Tier 1
gold mines including Kinross’s Round Mountain Mine located approximately 130 -kilometers North of
Cuprite Gold Project.
In addition to Cuprite Gold Project, the Company controls two advanced-stage exploration assets in British
Columbia’s Golden Triangle: the past-producing high-grade silver Porter-Idaho Project and the high-grade
gold Willoughby Project.
Qualified Person Statement
All technical data, as disclosed in this press release, has been verified by Michael G. Allen, P. Geo, President
and CEO of the Company. Mr. Allen is a qualified person as defined under the terms of National Instrument
43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC.
“Michael G. Allen”
Michael G. Allen
President, Chief Executive Officer & Director
For more information, please contact:
StrikePoint Gold Inc.
Michael G. Allen, President CEO & Director
T: (604) 374-8381
W: www.strikepointgold.com
Cautionary Statement on Forward Looking Information
Certain statements made and information contained herein may constitute "forward looking information" and
"forward looking statements" within the meaning of applicable Canadian and United States securities legislation.
These statements and information are based on facts currently available to the Company and there is no assurance
that actual results will meet management's expectations. Forward -looking statements and information may be
identified by such terms as "anticip ates", "believes", "targets", "estimates", "plans", "expects", "may", "will",
“speculates”, "could" or "would".
All of the forward-looking statements made in this document are qualified by these cautionary statements. Although
the Company has attempted to identify important factors that could cause actual results to differ materially from
those contained in forward -looking information, there may be other factors that cause results not to be as
anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of
all factors and assumptions which may have been used. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those
described in forward-looking information. Accordingly, there can be no assurance that forward-looking information
will prove to be accurate and forward -looking information is not a guarantee of future performance. Readers are
advised not to place undue reliance on forward -looking information. The forward -looking information contained
herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or
revise forward –looking information or to explain any material difference between such and subsequent actual
events, except as required by applicable law.
Neither 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.