Business
Nova Scotia Gold Exploration Update - 5000 m drill program in progress
Nova Scotia Gold Exploration Update - 5000 m drill program in progress
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"\n\n\n\n Aug. 5, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\n\n >\n\n\nCALGARY, Aug. 5 /CNW/ - StrikePoint Gold Inc. (SKP - TSXV and STKXF - OTCQX) ("StrikePoint" or "the Company") is pleased to report on gold exploration at its Saddle Reef gold projects in Nova Scotia.\nRichard Boulay, CEO and Chairman of StrikePoint stated that: "We are pleased to issue our first Nova Scotial gold exploration update for the 2010 summer exploration season. In July we commenced diamond drilling operations on the Dufferin Gold Mine property and initial exploration on our other Nova Scotia projects."\nStrikePoint's Nova Scotia projects consist of four gold properties, including the Dufferin gold mine located approximately 150 km from Halifax. The geological gold targets on the properties are saddle reef vein deposits that occur in the axes of folded sediments. StrikePoint can earn a 50% interest in the project as provided for in an agreement with Ressources Appalaches (APP - TSXV) (See Press Release June 3, 2010).\nExploration on the Nova Scotia projects commenced in July 2010 and the 2010 program is expected to continue until the end of December with occasional short breaks to analyze exploration results.\nGround magnetic surveys have been conducted and completed on the Dufferin Mine property and are scheduled to be conducted on the Chocolate Lake, Miller Lake and Ecum Secum properties during the next several weeks. Preliminary analysis of the Dufferin Mine property magnetic data shows a series of left lateral fault structures striking about 300-310 degrees. Although the displacement along the faults is minor the information will be important to position drill holes with greater accuracy. These faults are parallel to a much larger fault that strikes 300 degrees about 500m west of the ramp to the Dufferin Mine in the western part of the property. Here the displacement is about 1200m.\nOn July 26th, diamond drilling was ...