Business
StrikePoint Gold Inc. Begins Exploration Work on Yukon "Seven Wonders" Trend
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2018) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce the start of field opera
About this update from Strikepoint Gold Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 26, 2018) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce the start of field operations on their Yukon portfolio of properties, specifically the PDM, Golden-Oly and Nordic Properties. The delineation of the Seven Wonders Trend in 2017 was a significant positive step in our understanding of the the Yukon portfolio, with the potential to host several large mineralized systems relatively close to highway and other infrastructure. The Seven Wonders This collection of three properties, now collectively termed the \"Seven Wonders,\" exhibited high levels of exploration potential during the 2017 season. The core of the 78-km long trend contains seven buried or partially exhumed intrusions that appear to be copper-rich in the west and becoming more gold-dominated in the east. Image 1: Seven Wonders Trend Highlights from the 2017 program include: Surface grab samples at PDM returned grades of up to 9.8g/t gold, 2.8% copper and 245g/t silver in 2017. Samples collected from an area of sheeted veins within intrusive material with visible copper mineralization, including native copper. Historical samples up to 19g/t gold occur about 2 kilometers northeast of the Babylon intrusive along an as yet untested gossanous ridgeline. The Colossus target on the Golden-Oly property returned assays up to 10.65g/t gold, 364g/t silver and 0.52% copper. Airborne geophysics shows seven of these buried intrusions along a west-southwest to east-northeast bearing. The 2018 Exploration Plan An exploration team is currently onsite and has begun mapping and sampling the PDM property. The focus will be along the previously unexplored gossanous ridgelines radiating out from the Babylon intrusion, connecting the Cu-Au sheeted veins in the granodiorite to the more distal gold-bearing quartz samples seen in 2012. The team will also channel sample in-situ outcrops to test the continuity of copper and gold grades observed within the sheeted vein systems. Work will also continue at the Colossus target, with an aim to drill test the mineralized contact zone later in the summer. Permitting is in the final review stages with the Yukon Government and is expected to be finalized in July. Strikepoint has had extensive consultations with local First Nations, communities, government and environmental ...