Vancouver, British Columbia--(Newsfile Corp. - November 12, 2018) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased
to announce the discovery of a significant new vein at the Porter Project near Stewart, British Columbia.
Significant Step Out from Historic Porter Resource
The new vein has been observed along a 275-meter strike on surface in an area that until the last decade would have been
obscured by year-round snow cover. Thirty-two samples were collected from the area which lies approximately 800-meters to the west
of the historic Porter resource area, with assays ranging from trace to 43.6 ounces per tonne silver, trace to 0.54 ounces per
tonne gold. Significant zinc was also found, from trace to 28.8% per tonne.
StrikePoint CEO Shawn Khunkhun comments: "This is one of the most exciting discoveries following this seasons exploration
work as it helps prove the existence of significant, untested mineral veins outside of the historical resource area. Our mandate
was to prove upside for the deposit, and this discovery is a major step towards that goal."
Map 1
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/5044/40985_SP
image_full.jpg
The table below shows sample highlights:
Sample ID |
Ag (grams per tonne) |
Au (grams per tonne) |
Zinc (percent) |
X956153 |
250 |
16.7 (0.54 tr.oz) |
- |
X956577 |
1355 (43.6 tr.oz) |
0.51 |
28.8 |
X956160 |
677 |
7.04 |
- |
X956164 |
619 |
0.52 |
0.67 |
X956152 |
555 |
- |
0.88 |
X956166 |
245 |
3.75 |
- |
X956165 |
212 |
- |
- |
X956578 |
182 |
7.04 |
0.3 |
X956591 |
137 |
2.09 |
- |
X956576 |
132 |
- |
1.92 |
X956163 |
126 |
- |
0.21 |
X956579 |
120 |
3.83 |
0.26 |
X956151 |
- |
- |
1.93 |
X956155 |
- |
- |
0.41 |
X956162 |
- |
- |
0.41 |
X956575 |
- |
- |
0.43 |
New Geological Potential
Samples were collected from a newly exposed shallow dipping quartz breccia vein along a 275-meter strike. Several other 'Flat
Veins' have been observed during the summer, including high-grade samples from Silverado and the Porter areas. A preliminary
interpretation connects these veins, forming one large structure that circles and cuts through Mount Rainey. The angles the veins
dip at suggest that they converge and form a 'bowl' shaped fault that passes under the entire mountain, somewhat like the
structures observed at Ascot Gold 'Premier Mine' located 25 kilometers to the northwest. This new 'flat vein' ranges from 30
centimeters to 1 meter in thickness, but the mineralization extends into the brecciated and altered halo around the contact
sometimes for several meters.
This structure contrasts with the steeply dipping veins that were historically mined at Porter and Silverado that appear to have
formed within fold hinges and shear zones.
The results are also highlighting a potential change in the geochemical potential of the veins, with gold becoming more
significant to the west whilst silver dominates to the east.
2019 Drilling Target
This new vein is a significant target for drill testing in 2019. Diamond drilling will also allow exploration of the connecting
area that is currently obscured by a shallow 650-meter wide patch of ice, all of which is covered under the existing exploration
permit.
About the Golden Triangle
The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting
activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area
has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines
supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port
infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.
StrikePoint Gold is a well-financed gold exploration and development company. The company controls a portfolio of gold and
silver properties in the Yukon, British Columbia and throughout Canada.
QA/QC
The Company maintains a rigorous QA/QC program with respect to the preparation, shipping, analysis and checking of all samples
and data from the properties. Quality control for field sampling and drill samples at the Company's projects covers the complete
chain of custody of samples, including sample handling procedures and analytical-related work, plus the insertion of standard and
blank materials. The QA/QC program also includes data verification procedures. ALS Laboratories in Vancouver, Canada (ISO
17025:2005 accreditation) assayed all grab samples from the current field program using fire assay and ICP Mass Spectroscopy
methods.
The technical information contained in this news release has been approved by Andy Randell, P. Geo., Vice President, Exploration
of StrikePoint Gold. Mr. Randell is a qualified person as defined in NI 43-101.
For further information please visit our website: www.strikepointgold.com
ON BEHALF OF THE BOARD OF STRIKEPOINT GOLD INC.
Shawn Khunkhun
CEO and Director
For more information, contact:
Shawn Khunkhun
604-602-1440
sk@strikepointgold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.