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StrikePoint drilling commences at Rice Lake, Manitoba
StrikePoint drilling commences at Rice Lake, Manitoba
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"\n\n\n\nCALGARY, Apr. 9, 2010 (Canada NewsWire Group) -- /CNW/ -- StrikePoint Gold Inc. provides an exploration update on its activities in the Rice Lake Gold Belt, Manitoba.Poundmaker Option with WildcatIn 2009, field crews carried out geological mapping and detailed sampling of several areas on the property including the Poison and Rio Zones, both of which contain gold associated with quartz veins near gabbroic dykes.In February 2010, ground magnetometer surveys were performed over several grids to more precisely define geological structures that have been identified by the results of the LiDAR (Light Detection and Ranging) survey that was completed in 2009. One magnetometer survey consisted of a 55 line km grid pattern superimposed over several gold occurrences of the large Rio Zone. NE trending magnetic linear anomalies corresponding to a number of the mafic dyke host shear zones are evident in addition to a number of EW trending magnetic low linear anomalies; in particular the one transecting the Rio-Touton-Buena-Suerte trend is structurally interesting. It appears to intersect the NE trending structure containing the Alamo showing in the NE corner of the grid.A version of this press release containing maps and graphics is available at strikepointgold.com.To view graphics, please go to http://files.newswire.ca/874/skp-charts.doc.During March 2010, StrikePoint commenced a diamond drilling program on the Rio Zone and 1125 metres of drilling in nine holes has been completed to date. The drill data shows continuous zones of shearing oriented in an east-west direction. The zones are 2 to 10 m wide, dip steeply and are open along strike and at depth. The southernmost shear zone is observable on surface but the northern shear has not yet been observed and may not outcrop. Core samples are being split for analysis and the results, when received, will be announced and evaluated in anticipation of a second Rio zone drilling program.StrikePoint's Rice Lake area exploration work is being carried out by APEX Geoscience Ltd. (\"APEX\") of Edmonton under the management and supervision of the Company.During the first quarter of 2010, StrikePoint and Wildcat Exploration Ltd. amended some terms of the Poundmaker Option Agreement (please see Press Release February 26, 2010). StrikePoint has fulfilled its annual option agreement payment obliga...