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Strikepoint Acquires the High-Grade Willoughby Property in the Golden Triangle
Vancouver, British Columbia--(Newsfile Corp. - March 20, 2019) - StrikePoint Gold Inc. (TSXV: ...
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"Strikepoint Acquires the High-Grade Willoughby Property in the Golden TriangleVancouver, British Columbia--(Newsfile Corp. - March 20, 2019) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce the acquisition of the Willoughby Property from Sojourn Exploration. The property is situated about 30 kilometers east of Stewart, British Columbia, and 20 kilometers northeast of StrikePoint's Porter Property. StrikePoint CEO, Shawn Khunkhun comments: \"Acquiring Willoughby is another major milestone for StrikePoint. New geological interpretations in the area, specifically the adjacent Red Mountain deposit, which is subject to a $45 million dollar take over bid by Ascot Resources usher in an era for new discovery throughout the golden triangle. StrikePoint shareholders are well positioned with 2 high grade precious metal properties within a direct shipping lane to Ascot's Premiere Mine. We look forward to a future of growing our resource base through exploration and acquisitions.\"Key factors at Willoughby include:4,625 meters of diamond drilling completed on the property in the early 1990's which defined mineralization over a one-kilometer strike length. This trend remains open on either end, and recent deglaciation has exposed prospective ground that would have been inaccessible to previous explorers.Historic drill results have included 20.5 meters grading 24.99 grams per tonne gold and 184.22 grams per tonne silver, and 11.7 meters grading 40.11 grams per tonne gold and 109 grams per tonne silver, both from the North Zone target.13.0 meters grading 13.37 grams per tonne gold and 63.43 grams per tonne silver drilled in the Main Zone target. Additional five target zones on the property have all returned significant gold and silver grades in drill core or channel samples at surface. The site is \"drill ready\" and serviceable via our existing camp at the Porter Project. Exploration permits are underway, having been started by the previous property owners.The closest nearby analogue to Willoughby is the Red Mountain deposit located 7 kilometers to the west. Red Mountain has a NI 43-101 mineral resource estimate of 1,827,900 tonnes of measured resources grading 8.92 grams per tonne gold, 943,400 tonnes of indicated resources grading 5.95 grams per tonne gold for a total of 704,600 ounces gold combined (June 2018 Resour...