Strikepoint Receives Assays from Initial TWO Holes at Willoughby, Including: 3.87 G/T Au over 11.7 Meters at Wilby Zone
STRIKEPOINT RECEIVES ASSAYS FROM INITIAL TWO HOLES AT WILLOUGHBY, INCLUDING: 3.87 G/T AU
OVER 11.7 METERS AT WILBY ZONE
Vancouver, British Columbia — September 16, 2019 StrikePoint Go ld Inc. (“StrikePoint” or the
“Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce the first two drill holes from the 2019
program at the 100%‐owned Willoughby gold‐silver property locat ed near Stewart BC in British
Columbia’s prolific Golden Triangle. The Company has received final assay results from two of twelve
c o r e h o l e s , f r o m b o t h t h e N o r t h a n d W i l b y z o n e s . A l s o , t h e C om p a n y i s w a i t i n g f o r s u r f a c e s a m p l e
assays from its property‐wide prospecting and channel sampling program.
“Our technical team’s excellent geological work has confirmed m ultiple‐styles of gold‐silver
mineralization at Willoughby related to 1) lithological contacts, 2) vein and shear structures and 3)
carbonate replacement,” said Shawn Khunkhun, StrikePoint’s President and CEO. “In part icular, oriented
core measurements have identified key syn and post‐mineral faul ts, and most importantly, large folds.
We eagerly await the remainder of our drill results from both the Wilby and North Zones, which will
hopefully confirm and expand historic high‐grade intercepts.”
Highlights from the initial two holes include:
W19‐090 intersected 4.50 meters averaging 3.96 g/t au and 74.55 g/t Ag at North Zone
W19‐099 intersected 11.70 meters averaging 3.87 g/t au and 3.52 g/t Ag in upper lens at Wilby
Zone
W19‐099 intersected 16.55 meters averaging 1.66 g/t Au and 32.1 0 g/t Ag in lower lens at Wilby
Zone
Hole‐ID Zone Azimuth/Dip From
(meters)
To
(meters)
Length
(meters)
Gold
(g/t)
Silver
(g/t)
Copper
(%)
W19‐090 North 73/‐68 46.08 49.00 2.92 2.20 8.16
75.00 79.50 4.50 3.96 74.55
Incl. 75.96 76.49 0.53 13.80 297.00
W19‐099 Wilby 328/‐58 120.55 132.25 11.70 3.87 3.52 0.05
Incl. 126.3 126.8 0.50 20.90 5.00
144.30 147.00 2.70 3.65 10.56
146.00 162.55 16.55 1.66 32.10 0.08
Incl. 146.50 147.00 0.50 9.15 37.00
Incl. 154.25 155.75 1.50 2.96 37.67
Incl. 154.25 162.55 8.30 1.80 53.01 0.12
Incl. 159.80 162.55 2.75 2.29 96.45
T h e m i n e r a l i z e d t r e n d o f t h e N o r t h Z o n e c o n s i s t s o f e a s t s t r i k ing, moderately south dipping pyrite‐
sphalerite‐galena veins intersecting with north striking shallowly east dipping fault zones with milled
pyrite within an early‐Jurassic biotite‐phyric diorite thought to be part of the ‘Goldslide Suite’ intrusive
suite that hosts the adjacent Red Mountain Deposit. The interse c t i o n o f t h e s e t w o s t r u c t u r e s m a y
localise high‐grade gold mineralisation. The first hole drilled this year is consistent with mineralisation
reported from historic drilling. Notably this hole highlighted a mineralized area unsampled from
previous drilling and demonstrates potential for a larger zone of mineralisation.
Table 1: Selected Exploration Drill Results, September 2019 (1)
Hole‐ID Zone From
(meters)
To
(meters)
Length
(meters)
Gold
(g/t)
Silver
(g/t)
W19‐090 North 46.08 49.00 2.92 2.20 8.16
75.00 79.50 4.50 3.96 74.55
Incl. 75.96 76.49 0.53 13.80 297.00
(1) True thickness to be determined.
Willoughby project
The project occurs along the eastern margin of the Cambria Icef ield, approximately 7 kilometres east of
the advanced‐staged Red Mountain Deposit that was recently acquired by Ascot Resources from IDM
Mining. The property is underlain by Upper Triassic Stuhini roc ks and Lower Jurassic Hazelton volcanic
and sedimentary rocks that have been intruded by an early Juras sic‐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 less er 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 2019 exploration program were all drill core we re labelled, sawn in‐half, with one‐half
placed in sealed bags and shipped with chain of custody control s to the laboratory. The remaining drill
core is subsequently securely stored in Stewart, BC. The compan y implements a rigorous Quality
Control/Quality Assurance program, including the insertion of S tandards, 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 analysis. The SGS facility is accredited to the ISO/IEC 170 25 standard for gold assays and all
analytical methods include quality control materials at set fre quencies with established data acceptance
criteria. The entire sample is crushed, split into representative 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 g ravimetric finish. Analysis for silver is by
30g fire assay fusion with gravimetric finish with a lower limit of 2ppm and upper limit of 100ppm.
Samples with silver assays greater than 100ppm are re‐analyzed using a gravimetric silver concentrate
method. All 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 t he 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 info rmation currently available. The
Company does not assume any obligation to update any forward‐lo oking statements, save and except as
may be required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Pro v i d e r ( a s t h a t t e r m i s d e f i n e d i n t h e
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