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Strikepoint Gold Inc. Acquires the High-Grade Silver, Porter Idaho Property in the Golden Triangle, British Columbia
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2018) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce, further to its press re
About this update from Strikepoint Gold Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 16, 2018) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce, further to its press release on May 2, 2018, \"StrikePoint Gold Inc. to Acquire the High-Grade Silver, Porter Idaho Property in the Golden Triangle, British Columbia,\" that it has finalized the acquisition with Skeena Resources Limited (TSXV: SKE) of the Porter Idaho Property near Stewart, British Columbia, indirectly through the acquisition of Mount Rainey Silver Inc. (\"Mount Rainey\"), a wholly owned subsidiary (the \"Transaction\"). Highlights Porter Idaho Property has two shear hosted silver-rich vein systems (the historic Silverado and Prosperity-Porter Idaho mines) that are located 2 kilometers apart. Recent glacial retreat has exposed the ground between the two sites for the first time and so the opportunity exists to connect the two deposits. The Porter Idaho Project contains an historical Indicated Resource of 394,700 tonnes grading 868 g/t silver, 3.37% lead and 1.41% zinc (435,000 tons @ 25.2 oz/ton silver or a contained 11 million ounces) and an Inferred Resource of 88,900 tonnes grading 595 g/t silver (97,900 tons @ 17.3 oz/ton silver or a contained 1.7 million ounces). The transaction also includes the Glacier Creek Claims situated 4km to the north of Porter Idaho. These low elevation, road accessible claims have been unexplored for a century, but are adjacent to the historic Dunwell Mine, which produced 9,800 ounces of gold and 329,000 ounces of silver from 50,000 tons of ore between 1926 and 1941. The Porter Idaho — Silverado Mines The Porter Idaho Project contains two shear hosted silver-rich vein systems: the Silverado and Prosperity-Porter Idaho. The showings are 2km apart, located on opposite sides of Mt. Rainey, overlooking the town of Stewart. The Project is strategically located at the head of the Portland Canal, a deep-water port with year-round, ice-free access. Since the initial discovery of silver mineralization on Mt. Rainey in the early 1900's, most of the work was focused on the Prosperity-Porter Idaho veins, where mineralization is hosted in six dipping parallel shear zones tracked on surface for 200 meters and one kilometer down dip with widths between 2 and 13 meters. The vein system was mined between 1929 and 1931 and produced 27,123 tonnes with recovered gr...