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StrikePoint Gold: Exploration Confirms Presence of Intrusion Related Gold Systems at Mahtin Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 4, 2017) - StrikePoint Gold Inc. (TSX VENTURE:SKP)(OTCQB:STKXF) is pleased to provide results from exploration
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 4, 2017) - StrikePoint Gold Inc. (TSX VENTURE:SKP)(OTCQB:STKXF) is pleased to provide results from exploration activities on its Mahtin Property, Mahtin North and May-Qu Targets, located in the Mayo region of the central Yukon Territory. Highlights The work at Mahtin North has confirmed that the Sprague Creek Stock hosts a series of sheeted quartz-arsenopyrite veins hosting typical low-grade gold mineralization, and is thus an Intrusion Related Gold System that needs further exploration including drilling. The Company's exploration at May-Qu has confirmed the existence of a prospective zone of vein-hosted gold, silver and copper mineralization around the Bos Stock. Both targets bear similarities to the Eagle Gold Project (Victoria Gold Corp.) which is located 40km to the northeast of the Mahtin Property. Results from other properties in the Yukon portfolio are pending and will be released in due course. Strikepoint Gold is well capitalized with approximately $6million in working capital. Strikepoint was active on the project between June 5th and July 7th 2017. Extensive mapping and sampling (198 grab samples) was completed including a limited initial RAB drilling program of 760 m in nine holes. Mahtin North Mahtin North lies along the northern edge of the Sprague Creek Stock, a Cretaceous-aged granodiorite intrusion similar to the nearby Eagle Gold project owned by Victoria Gold Corp. Mapping and sampling covered an area of 3km by 2km, focusing on the skarns and limestones along the edge of the intrusive body, as well as collecting samples from sheeted veins within the granodiorite itself. Results from this exercise highlighted the following (please refer to maps and tables on the website for full details): The anomaly identified in 2012 by Ryan Gold Corp. was confirmed, with gold grades from trace to 9.2g/t in the 2017 sampling campaign. Background levels of gold up to 0.87g/t were noted within arsenopyrite-bearing limestones that were more distal from the intrusion and suggest more extensive mineralization potential. Copper grades up to 1.16% were found on surface along the drill target area, creating an anomalous zone 500m in length. A new copper-rich zone was discovered to the south of the drill target. The new anomaly is rich in unoxidized chalcopyrite and covers an area of 2...