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StrikePoint Gold Inc. Announces That Drilling Has Commenced at Its High-Grade Willoughby Gold Property
Vancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - StrikePoint Gold Inc. (TSXV:...
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"StrikePoint Gold Inc. Announces That Drilling Has Commenced at Its High-Grade Willoughby Gold PropertyVancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (\"StrikePoint\" or the \"Company\") is pleased to announce that diamond drilling is underway at its 100%-owned Willoughby gold property, located near Stewart in British Columbia's prolific Golden Triangle, seven kilometres east of Ascot Resource's advanced-stage Red Mountain Gold Project. A minimum of 2,000 meters is planned by contractor Morecore Drilling, locally-based in Stewart.Exploration drilling during 2020 is targeting both broad intervals of intrusive-associated gold mineralization, dominantly within permissive sedimentary and volcanic rock, as well as high-grade targets. The 1450 and Northern Deep Targets, in addition to step-out drilling at the Wilby Zone. Gold and silver mineralization at Willoughby is associated within a large hydrothermal system of earliest Jurassic, 'Goldslide Suite' intrusions, similar to the nearby Red Mountain Deposit. Large, intrusive-related disseminated and stockwork gold-silver systems and associated high-grade epigenetic deposits at Brucejack/Snowfield, Premier/Big Missouri, KSM, Treaty Creek and Iskut/Snip occur in a similar geologic setting, proximal to the regional Triassic-Jurassic unconformity in the Golden Triangle. StrikePoint's President and CEO, Shawn Khunkuhn states, \"Our inaugural drilling program in 2019 at Willoughby, led by Marilyne Lacasse, was successful in delivering multiple intercepts from step-out drilling, including: 26 g/t Au over 4.0 meters, as well as giving our geologic team the experience and technical understanding the multiple styles of mineralization, structural controls and post-mineral folds and faults on the Property. Compilation of all historic information, in addition to surface exploration prior to this drilling program has contributed to the planning of this discovery-focused drilling program for 2020.\"Willoughby projectThe 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. The property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary r...