StrikePoint Gold Inc. Increases Land Position in the Golden Triangle and Provides Exploration Update on Projects
StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce that it has increased its land position by acquiring the Big, Bada and Boom Properties adjacent to its Porter Idaho Project near Stewart, British Columbia. This is in addition to the acquisition of the Handsome Jack property from Trifecta Gold on August 16th, 2018.
The Big, Bada and Boom Properties
This collection of property represents an area of newly staked ground to the east and contiguous to the Porter Idaho and Handsome Jack properties. These new blocks of claims total 20.5 square kilometers and bring the entire property to 33 square kilometers.
The additional ground secures StrikePoint’s exploration potential in the area, including straddling what is locally known as “The Red Line”. This is a geological contact between Triassic and Jurassic aged rocks which is a key marker for copper and gold mineralization, and most of the deposits within the “Golden Triangle” area are found within 2 kilometers of this contact zone. This increases the commodity potential within the property portfolio in British Columbia from silver to include a potential for gold and copper discoveries.
Acquiring this additional property also gives Strikepoint access to all the major exposures of rocks around the periphery of this section of the Cambria Icefield. Ice cover in this area has reduced by 30 to 40 percent since the 1980’s, and so many of these exposures have never been prospected. Geologists are currently on site and are positioned to explore these new areas of ground during the 2018 field season.
Exploration activities are progressing with earnest on the Porter Idaho project. The exploration camp is well established, and all facilities have been installed and passed a Mining Inspector visitation. Geological teams have collected over 300 surface samples to date which are currently being analyzed by the assaying labs, the first results being expected imminently. Samples have been collected from the Porter-Prosperity, Silverado and Handsome Jack properties, and will now be expanded to include the Boom property.
Diamond drilling is also progressing, and to date around 60% of original planned holes have been completed (1,350 meters completed of 2,150 meters planned). Strikepoint is currently looking at options to expand this program to capitalize on the remaining field season.
About the Golden Triangle
The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.
StrikePoint Gold is a well-financed gold exploration and development company. The company controls a portfolio of gold properties in the Yukon and throughout Canada.
The technical information contained in this news release has been approved by Andy Randell, P. Geo., Vice President, Exploration of StrikePoint Gold. Mr. Randell is a qualified person as defined in NI 43-101.
For further information please visit our website: www.strikepointgold.com
ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.
CEO and Director
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