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StrikePoint More than Doubles Land Package at the 100%-Owned Cuprite Gold Project, Located Within Nevada's Walker Lane Trend
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2023) - StrikePoint Gold Inc. (TSXV: SKP...
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"StrikePoint More than Doubles Land Package at the 100%-Owned Cuprite Gold Project, Located Within Nevada's Walker Lane TrendVancouver, British Columbia--(Newsfile Corp. - March 1, 2023) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (\"StrikePoint\" or the \"Company\") is pleased to announce an expansion, via staking, of the land holdings at the wholly owned Cuprite Gold Project in the Walker Lane Trend of Nevada. (Figure 1 Nevada Map - Cuprite)\"Early investigations by StrikePoint's geological team lead to the speculation that the alteration system at Cuprite continued under cover to the north and south of the existing land package,\" said Michael G. Allen, President and CEO of StrikePoint. \"We were able to acquire approximately 310 new claims via staking to cover off these potential extensions and establish a dominant land position in the district.\" (Figure 2, New Claims)In addition, the Company wishes to announce it has closed the acquisition of 264 claims that make up the Cuprite Gold Project from Orogen Royalties. For further information on the acquisition terms, please see the Company's January 23, 2023 news release.About the Cuprite Gold ProjectCuprite Gold Project consists of approximately 574 unpatented claims covering 44 square kilometers, located fifteen kilometers south of Goldfield Nevada, and 75 kilometers northwest of Beatty, within the prolific Walker Lane Trend. The project is easily accessible by Highway 95 on the western margin of the property. (Figure 3 Cuprite Detailed Location) Cuprite is thought to be an analog to AngloGold Ashanti's Silicon deposit where a maiden Mineral Resource of 3.4 million ounces of gold has been defined. Like Cuprite, Silicon displays an extensive, strongly developed, steam heated alteration zone at surface with anomalous mercury and cinnabar, as well as sharing a similar geological and structural setting. 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 Miocene Stonewall caldera, project into the shallow gravel cover and constitute potential highly prospective feeder structures untested by drilling. The Cuprite Gold Project is a district-scale oppor...