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Strikepoint Gold Inc V.SKP

Alternate Symbol(s):  STKXF

StrikePoint Gold Inc. is a Canada-based gold exploration company focused on building precious metals resources in Canada and the Western United States. The Company’s projects include Cuprite, Willoughby and Porter. The Cuprite Gold Project consists of approximately 574 unpatented claims covering approximately 44 square kilometers (km), located 15 kilometers (km) south of Goldfield Nevada, and 85-km northwest of Beatty. The project is located within the Walker Lane Gold Trend. The Company holds a 100% interest in the Willoughby property, located in north-western British Columbia. The project is subject to a 1.5% net smelter return (NSR) royalty. The Company holds a 100% interest in the Porter Idaho Property, located near Stewart, British Columbia. The property is subject to a 1% NSR. It also holds Hercules Gold Project, which consists of 1,323 unpatented mining claims and four patented mining claims covering approximately 100 square kilometers of prospective Walker Lane geology.


TSXV:SKP - Post by User

Bullboard Posts
Post by lmcbainon Jan 09, 2019 7:56pm
194 Views
Post# 29209719

A few thoughts on the current status

A few thoughts on the current statusLet's start with Firstclass - obviously you have a specific beef with the company, because your commentary is no more objective than a pumpers would be, it's just that you're a thumper instead of a pumper. You are quite right - the SP was languishing, but to be honest I was surprised it didn't get hit harder. There could have been a much harder hit based for tax loss season than there was.

With respect to the prospecting program - the values shown in a number of the grab samples were very good, but due to the ability of companies to cherry pick samples no one is going to get excited over them, nor should they. Having said that, negative sample results can create very negative market sentiment and there was no sign of that either.

The most recent news release (2018 drill resutls), while not providing mega-pop numbers was definitely good. The fact it clearly identified the existence of infill structures between the Porter and Silverado is excellent and the potential discovery of the folds in the structures that would better define the zone targeting is also verty good.

I look forward to the continuation of the work being done on the property and the further definition of the scope of the project.

Salut,
Leigh McBain  
Bullboard Posts