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StrikePoint Gold to Acquire Cuprite Gold Project in Nevada's Walker Lane Gold Trend from Orogen Royalties
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2023) - StrikePoint Gold Inc.  (T...
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"StrikePoint Gold to Acquire Cuprite Gold Project in Nevada's Walker Lane Gold Trend from Orogen RoyaltiesVancouver, British Columbia--(Newsfile Corp. - January 23, 2023) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (\"StrikePoint\" or the \"Company\") is pleased to announce it has signed a purchase and sale agreement (the \"Agreement\") with Orogen Royalties Inc. (TSXV: OGN) (OTCQX: OGNRF) (\"Orogen\") and a Nevada based subsidiary of Orogen whereby StrikePoint will acquire a 100% interest in the Cuprite Gold Project, located in Nevada's Walker Lane Gold Trend. (Figure 1 Nevada Map - Cuprite).\"This acquisition establishes StrikePoint, a year-round exploration target within the Walker Lane, perhaps the most underexplored district in Nevada,\" said StrikePoint President and CEO, Michael G. Allen. \"Approximately 75 kilometers to the southeast of Cuprite Anglogold Ashanti recently announced a new gold discovery, Silicon, in a similar geological and alteration setting. In addition to the discovery, in 2022, Anglogold Ashanti purchased Corvus Gold for $370 million and acquired the Sterling Project from Coeur Mining for up to $200 million. Also in 2022, Centerra purchased the Gemfield Project, located approximately 15 kilometers Northeast of Cuprite, for $206.5 million. These transactions highlight the conviction that world class mining companies have of the prospectivity of the Walker Lane in the vicinity of the Cuprite Project.\"About the Cuprite Gold ProjectCuprite Gold Project is located in Nevada, approximately fifteen kilometres south of Goldfield, and approximately 75 kilometers northwest of Beatty, Nevada. The project is easily accessible with Highway 95 on the western margin of the property. (Figure 2 Cuprite Detailed Location) The Cuprite Gold Project Cuprite is a district-scale opportunity with over twenty square-kilometres of advanced argillic alteration constituting one of the largest steam-heated cells in the Walker Lane. The project is underlain by Miocene and Oligocene tuffs. (Figure 3 Cuprite Surface Alteration).Within the steam - heated cell, alteration vectors eastward towards shallow gravel cover with cinnabar (and mercury-in-soil anomalism), residual silica and powdery silica all observed proximal to the eastern limit of outcrop. Favorably oriented faults, potentially related to the...