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Strikepoint Gold Commences Exploration on Mahtin Property, Yukon Territory
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 7, 2017) - Strikepoint Gold Inc. (TSX VENTURE:SKP)(OTCQB:STKXF) is pleased to announced that exploration has st
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 7, 2017) - Strikepoint Gold Inc. (TSX VENTURE:SKP)(OTCQB:STKXF) is pleased to announced that exploration has started on the Mahtin Project, located approximately 40km northwest of the town of Mayo in the central Yukon Territory. A team of eight exploration staff arrived has been mobilized to the area and are starting exploration work on the Property. Initial work will include detailed mapping and sampling over two core targets, as well as regional follow up on several other previously unexplored geochemical anomalies. This is the vanguard operation ahead of the arrival of the RAB drill to site within days. Mahtin Property The Mahtin Property is synonymous in geological setting and mineralization style as Victoria Gold's Eagle Gold Project, 40km away to the northeast. Mineralization has been identified in association with two intrusive stocks: Sprague Creek (3.6 x 1.5km) and Bos (4 x 1.1km) stocks. It is generally understood that the best mineralisation in the Mayo area occurs along a '070' degree trend along the northern contacts of Cretaceous-aged granodiorite intrusions, diagnostic qualities that are observed in both Mahtin stocks. Historic exploration on site included the collection of 18,406 soil samples across the entire property, airborne geophysical surveys, mapping and sampling. The 2017 program has been carefully arranged to maximize return on expenditure while increasing understanding and minimizing environmental impact. The plan includes aerial drone surveys of the property to collect regional geological / topographical data, track mounted RAB drilling, 'backpack drill' prospecting, detailed mapping and grab sampling of surface showings. Mahtin North Target Mahtin North consists of a copper-gold skarn unit in contact with a gold-arsenic sheeted vein intrusion. Sampling in 2012 returned assays of up to 15.05g/t gold in the peripheral skarn, while the stock itself remains as an untested soil anomaly with a geochemical signature which suggests intrusion related gold deposits (Au:As +/- Bi:Te), such as seen at Victoria Gold Corp. Eagle deposit. The anomaly covers an area of 2km by 1.5km, and is currently open on all sides. The initial work plan includes expanding sampling to the north into previously unmapped skarns, highly detailed (1: 1,000 scale) mapping along the propos...