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News Update


Explorer's Surface Samples Return High Grades at BC Golden Triangle Property
News Update

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StrikePoint Gold reported assays of surface samples from its Willoughby Gold-Silver Project returned grades as high as 37.3 g/t gold and 263 g/t silver in new areas of massive sulphide and veining.

In a news release, StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) announced that surface sampling results collected during its 2020 exploration program at its wholly owned Willoughby gold-silver property were "highly encouraging." The company pointed out that Willoughby is located just east of the historical mining community of Stewart in British Columbia's Golden Triangle region. The firm stated that sampling work completed during the course of its 2020 program included surface exploration, diamond drilling, investigation of high-grade gold-silver structures and bulk-tonnage disseminated gold targets. The company indicated that additional surface sampling results and all 2020 drill assays results have not yet been received.

StrikePoint Gold's CEO Shawn Khunkhun commented, "The 2020 exploration campaign at the Willoughby property has yielded some very encouraging results from new areas that were recently exposed by the rapidly melting Cambria Icefield. We eagerly await drill assays from Willoughby and surface sampling assays from the high-grade Porter silver Property."

"Our objective during this year's program at these Golden Triangle Properties is to significantly expand the strike length of gold-silver mineralization; we are exceptionally excited about the quality of work completed and hope the remainder of results before the end of 2020 or in January 2021," Khunkhun added.

The firm stated that "bulk-tonnage, disseminated gold targets at Willoughby are of a similar geological age and style as intrusive related deposits at Seabridge's KSM and recently purchased Snowfield systems, and Tudor Gold's Treaty Creek Project."

The firm indicated that it has received the assay results from 232 grab and channel samples that it collected at the Willoughby site during 2020. The company advised that it is still awaiting the data from surface and drill core samples from the processing lab.

The company explained that it completed surface sampling and mapping at the Edge, Upper Icefall, Wilby and Wilkie zones. The firm stated that the area where extensive ice recession has occurred due to melting glaciers in the area between the Edge and Wilby Zones was the most notable. At this location, StrikePoint reported that it gathered samples ranging from just a trace of gold and silver present all the way up to 37.3 g/t Au and 263 g/t Ag. The company added that 37 of its samples returned assays greater than 1.0 g/t Au.

The firm commented that in Edge zone, newly exposed outcropping samples uncovered very large amounts of pyrite-sphalerite-chalcopyrite in veins and replacement-style mineralization. The company listed that additional surface assays are still outstanding from the North zone, which is located northwest of the Edge area.

The company stated that Willoughby runs along the eastern margin of the Cambria Icefield and is located about seven kilometers east of Ascot Resources' advanced stage Red Mountain Deposit. The firm noted that over a one-kilometer strike-length mineralization trend, a total of eight gold and silver mineralized zones have been identified so far at Willoughby.


1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: StrikePoint Gold and Seabridge Gold. Click here for important disclosures about sponsor fees.
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