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StrikePoint Gold Inc. Discovers New High-Grade Gold/Silver "Helios" Vein at Colossus Target, Golden-Oly, Yukon with Grades up to 37.5 Grams per Tonne Gold and 1150 Grams per Tonne Silver
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2018) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce the discovery of a n
About this update from Strikepoint Gold Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - September 6, 2018) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce the discovery of a new high-grade gold and silver vein system at their Colossus target on the Golden-Oly Project, Yukon Territory. The Helios Vein The Helios Vein is a new discovery on the western edge of the Colossus Target, which has so far been traced for 600 meters along a roughly north-south strike. The polymetallic vein is composed of quartz-arsenopyrite infilling factures that have formed in the carapace of the Colossus granodiorite intrusion. A total of twenty-two samples were collected from the vein, with grades ranging from 1.005 to 37.5 grams per tonne gold and trace to 1150 grams per tonne silver. The highest grade silver sample also returned a value of 2.94% copper, although this is seen as being anomalous. Helios is a series of parallel sheeted polymetallic quartz veins that hosts massive sulfides and sulfosalts, including pyrite and arsenopyrite, with a collective vein width at surface ranging from thirty centimeters to five meters. These types of high-grade polymetallic veins form in the contact zone between the intrusive and country rock contact. The mudstone surrounding the intrusion provides carbon to the mineral-rich hydrothermal fluids which results in a redox reaction and triggers the sulphide formation, which in turn traps the gold and silver. The vein occupies arcuate fracture systems the parallel the intrusions, and so it is possible that additional veins exist around the intrusion. Drilling at Colossus targeted the carapace of the intrusive body to see if mineralization persists at depth. The first results are expected in September. The Zeus Target The Zeus target is a 'sister' intrusion that lies approximately 7-kilometers to the south of Colossus and represents another of the \"Seven Wonders\" targets. This intrusion is partially exposed, and our prospecting team has discovered quartz-vein material like that seen in the Helios Vein. To date a 60-meter strike length has been observed, with grab sample assays returned from 1.355 to 4.06 grams per tonne gold and from trace to 43.6 grams per tonne silver. The field team will continue to work on this new prospect, as well as others in the Seven Wonders Trend, to collect more data. Similar mineralization and grade in v...