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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

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  • Lock12345X
Comment by Lock12345on Mar 05, 2022 11:38am
127 Views
Post# 34486752

RE:Blood in the water and they smell a 'rollback',...

RE:Blood in the water and they smell a 'rollback',...
GETaLONG wrote: Personally, i didn't think the results were that bad.  'Nice' beat down...?

Boy, somebody wants 'out'....  yikes!

...shares are easy to come by today.


The resultes were bad when it comes to Porter.  From the most recent press release:
 
The 2021 drilling program at the Porter Silver property was designed to extend and confirm mineralization identified historically and in 2018 drilling at the D and Prosperity veins. In 2021, 799.1 metres of drilling in six holes were attempted. Due to a staffing shortage and difficult geotechnical conditions consisting of near-surface conjugate joint sets related to glacial unloading and fault zones, both of which caused significant core blocking, only four holes were drilled, none of which adequately tested their intended targets. The number of fractures typically diminishes deeper into the mountain at Porter and elsewhere in the Stewart area. These highly prospective targets adjacent to the historic high-grade silver mines will be tested by drill holes that will be reoriented to be more perpendicular to these prominent joint sets.

A season of drilling wasted likely cuasing people to sell and deploy capital elsewhere.

GLTA
 

Lock12345

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