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StrikePoint Gold Expands Surface Exploration Program Including: Trenching and Channel Sampling
Vancouver, British Columbia--(Newsfile Corp. - August 7, 2019) - StrikePoint Gold Inc. (TSXV: ...
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"StrikePoint Gold Expands Surface Exploration Program Including: Trenching and Channel SamplingVancouver, British Columbia--(Newsfile Corp. - August 7, 2019) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (\"StrikePoint\" or the \"Company\") announces that due to encouraging new exposures of sulphide mineralization and prospective alteration and intrusive rocks, an expanded surface sample program of hand-trenching and channel sampling has commenced at its 100%-owned Willoughby gold Property (\"Property'\"). Significant melting of alpine glaciers has occurred since the last significant exploration program over 20 years ago, particularly on the north and west sides of the Property. Willoughby is located near Stewart, BC in British Columbia's prolific Golden Triangle, seven kilometres east of Ascot Resource's advanced-stage Red Mountain Gold Project. StrikePoint is currently drilling the Property; at the time of this release, six holes for 800m completed at the high-grade North Zone. 194 core samples from the initial two drill holes have been shipped for 'rush' analysis, as well an initial batch of 47 surface samples.\"New exposures of outcrop with strong pyrite and sphalerite mineralization, occurring as disseminated, stock, replacement and massive sulphide pods and veins is very encouraging to our technical team,\" said StrikePoint CEO, Shawn Khunkhun. \"The presence of copper and zinc sulphides correlates with high-grade precious metal values at the North Zone where we are currently drilling. Expanding our surface exploration program should allow for a quick turnaround of assays prior to the end of the field season in the autumn. These areas are located in much gentler terrain than the steep topography where we are currently drilling.\" Willoughby ProjectGold and silver mineralization at Willoughby are hosted within Jurassic volcanic and sedimentary rocks, associated with a 'Goldslide Suite' intrusive phase, similar to the adjacent Red Mountain Deposit. The Project occurs along the eastern margin of the Cambria Icefield, approximately seven kilometres east of the advanced-staged Red Mountain Deposit that was recently acquired by Ascot Resources from IDM Mining and 20km northeast of StrikePoint's Porter Silver Property. The Willoughby Property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic an...