Business
StrikePoint Gold Inc. Discovers Significant New Polymetallic Vein on Surface at the Porter Project with Assays up to 43.6 Ounces per Tonne Silver, 0.54 Ounces per Tonne Gold and 28.8% per Tonne Zinc
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2018) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce the discovery of a s
About this update from Strikepoint Gold Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - November 12, 2018) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce the discovery of a significant new vein at the Porter Project near Stewart, British Columbia. Significant Step Out from Historic Porter Resource The new vein has been observed along a 275-meter strike on surface in an area that until the last decade would have been obscured by year-round snow cover. Thirty-two samples were collected from the area which lies approximately 800-meters to the west of the historic Porter resource area, with assays ranging from trace to 43.6 ounces per tonne silver, trace to 0.54 ounces per tonne gold. Significant zinc was also found, from trace to 28.8% per tonne. StrikePoint CEO Shawn Khunkhun comments: \"This is one of the most exciting discoveries following this seasons exploration work as it helps prove the existence of significant, untested mineral veins outside of the historical resource area. Our mandate was to prove upside for the deposit, and this discovery is a major step towards that goal.\" Map 1 The table below shows sample highlights: Sample ID Ag (grams per tonne) Au (grams per tonne) Zinc (percent) X956153 250 16.7 (0.54 tr.oz) - X956577 1355 (43.6 tr.oz) 0.51 28.8 X956160 677 7.04 - X956164 619 0.52 0.67 X956152 555 - 0.88 X956166 245 3.75 - X956165 212 - - X956578 182 7.04 0.3 X956591 137 2.09 - X956576 132 - 1.92 X956163 126 - 0.21 X956579 120 3.83 0.26 X956151 - - 1.93 X956155 - - 0.41 X956162 - - 0.41 X956575 - - 0.43 New Geological Potential Samples were collected from a newly exposed shallow dipping quartz breccia vein along a 275-meter strike. Several other 'Flat Veins' have been observed during the summer, including high-grade samples from Silverado and the Porter areas. A preliminary interpretation connects these veins, forming one large structure that circles and cuts through Mount Rainey. The angles the veins dip at suggest that they converge and form a 'bowl' shaped fault that passes under the entire mountain, somewhat like the structures observed at Ascot Gold 'Premier Mine' located 25 kilometers to the northwest. This new 'flat vein' ranges from 30 centimeters to 1 meter in thickness, but the mineralization extends into the brecciated and altered halo around the contact sometimes for several meters. This structure contrasts with th...