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StrikePoint Golds Phase 2 Drillling Program Underway at the High-Grade, Willoughby Gold Property
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2019) - StrikePoint Gold Inc. (TSXV:...
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"StrikePoint Golds Phase 2 Drillling Program Underway at the High-Grade, Willoughby Gold PropertyVancouver, British Columbia--(Newsfile Corp. - August 13, 2019) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (\"StrikePoint\" or the \"Company\") is pleased to announce commencement of its Phase II drilling program of 1,000 metres at the Wilby zone on their 100%-owned Willoughby property located near Stewart BC in British Columbia's Golden Triangle, seven kilometres east of Ascot Resource's advanced-stage Red Mountain Gold Project. The company's Phase I program is complete, with eight holes that targeted the North Zone, located 400m northwest of the Wilby Zone.The objective of the Phase II program is to expand and test the 1450 and Northern deep lenses at the Wilby zone, confirming and stepping out from multiple wide, high-grade historic intercepts. Gold and silver mineralization at Willoughby are hosted within Jurassic volcanic and sedimentary rocks, as well as 'Goldslide Suite' intrusive phases, similar to the adjacent Red Mountain Deposit and other significant deposits in Northwestern British Columbia. Highlights of historical intercepts from Wilby include (drilled lengths, true width estimated to be 60 to 90% of interval):89-04: 7.06 g/t Au and 42.80 g/t Ag over 11.50 meters94-20: 4.40 g/t Au and 17.97 g/t Ag over 6.0 meters95-51: 20.45 g/t Au and 42.84 g/t Ag over 6.80 meters95-53: 12.66 g/t Au and 59.43 g/t Ag over 12.0 meters96-71: 10.54 g/t Au and 5.88 g/t Ag over 5.10 meters96-88: 7.62 g/t Au and 1.43 g/t Ag over 11.70 metersStrikePoint CEO, Shawn Khunkhun, states, \"This is the first drill program to be carried out at the Wilby Zone since 1996. Historic drill holes were limited to near-outcrop, short holes. StrikePoint's goal is to demonstrate that the mineralised system is more extensive than previously indicated. This part of Northern British Columbia has an enviable endowment of high-grade gold and silver mines and deposits. Our aim is to build a resource that moves this project towards economic viability.\" 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 Hazelt...