Strikepoint Intersects 102 G/T GOLD and 356 G/T Silver over 1.0 Meters from a 100 Meter Step-Out from the North Zone, Willoughby Property
STRIKEPOINT INTERSECTS 102 G/T GOLD AND 356 G/T SILVER OVER 1.0 METERS
FROM A 100 METER STEP-OUT FROM THE NORTH ZONE, WILLOUGHBY PROPERTY
Vancouver, British Columbia — October 10th, 2019 StrikePoint Gold Inc. (“ StrikePoint” or the
“Company”) (SKP:TSX.V) (STKXF:OTCQB) is pleased to announce drill results from its surface drilling
program at the North Zone at their 100%-owned Willoughby property, located east of Stewart in British
Columbia’s prolific Golden Triangle . Results were received from additional four holes from the North
Zone, with assays for another six holes currently pending from the North and Wilby Zones. Additionally,
assay results are still pending from a Property -wide prospecting and channel sampling. Assays from the
first two drill holes from the 2019 Program were previously announced (See Strikepoint News Release,
September 16, 2019).
StrikePoint CEO, Shawn Khunkhun, states “This large step -out from historic high -grade intercepts has
significantly expanded the extent of gold -silver mineralization at our Willoughby Property , and may
represent a new mineralized zone . We eagerly anticipate additional results over the next few weeks
from our 2019 drilling and surface exploration program.”
North Zone Drilling
Drill hole W19-094, tested a new area of exposed mineralization that was covered with glacial ice during
exploration programs in the mid 1990’s. A high -grade interval of 102 g/t Gold and 356 g/t Silver over
1.0 Meters within 26.28 g/t Au and 95.0 0 g/t Ag over 4.0 meters. It is located northeast of the North
zone, observed during the 2019 field mapping and drone survey program. This potentially new
mineralized structure has a similar orientation as the North zone, located over 100 meters to the
southwest. The high -grade mineralization occurs within a massive galena- pyrite-sphalerite-chalcopyrite
vein with visible gold. Final assay s are currently pending for holes W19 -093,95 and 97 oriented to the
east and west respectively from the same drill setup.
The mineralized trend of the North Zone consists of north to north east striking, moderately south
dipping pyrite-sphalerite-galena veins intersecting with north striking shallowly east dipping fault zones
with milled pyrite within an early -Jurassic biot ite-phyric diorite thought to be part of the ‘Goldslide
Suite’ intrusive suite that hosts the adjacent Red Mountain Deposit. The intersection of these two
structures may localise high-grade gold mineralisation.
Table 1: North Zone Assay Results, October 10 2019 (1)
Hole-ID Zone Azimuth/Dip From
(meters)
To
(meters)
Length
(meters)
Gold
(g/t)
Silver
(g/t)
W19-091 North 68/-80 27.55 29.15 1.60 1.36 6.62
66.00 66.70 0.70 5.57 4.20
85.05 87.30 2.25 1.41 4.11
103.30 104.75 1.45 2.78 101.07
W19-092 North 50/-55 77.50 81.67 4.17 1.56 52.52
W19-094 North 15/-45 124.23 129.50 5.27 1.17 0.80
146.00 150.00 4.00 26.28 95.00
Incl. 149.00 150.00 1.00 102.00 356.00
W19-096 North 327/-60 60.00 61.50 1.50 1.52 18.00
(1) True thickness to be determined.
(2) Visible gold noted
.
Figure 1: Plan view of the North zone drilling
Willoughby project
The project occurs along the eastern margin of the Cambria Icefield , approximately 7 kilometres east of
the advanced-staged Red Mountain D eposit that was recently 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 primarily pyrite with lesser pyrrhotite, sphalerite, galena,
chalcopyrite, native gold. Eight gold and silver mineralized zones have been identified to-date over a
one-kilometer strike-length mineralization trend.
QA/QC
Samples for the 201 9 exploration program were all drill core were labelled, sawn in-half, with one -half
placed in sealed bags and shipped with 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 duplicate at regular
intervals in the sample stream to monitor laboratory performance.
Drill core samples are submitted to SGS Canada Inc. facility in Burnaby, British Columbia for preparation
and analys is. The SGS 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 representat ive sub -sample using a riffle splitter and
subsequently 250g 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 upper limit of 10 ppm. Samples with gold assays greater
than 10ppm are re-analyzed using a 30g fire assay fusion with gravimetric finish. Analysis for silver is by
30g fire assay fusion with gravimetric finish with a lower limit of 2 ppm and upper limit of 10 0ppm.
Samples with silver assays greater than 10 0ppm are re -analyzed using a gravimetric silver concentrate
method. A ll samples are also analyzed using a 33 multi-elemental geochemical package by a 4 -acid
digestion (ICP-AES).
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43 -101 is Marilyne
Lacasse, P. Geo, Project Manager. She 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 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 inf ormation 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