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Strikepoint Gold Inc.
Summary
| Project: | Colossus | |
|---|---|---|
| Deposit: | Colossus | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/9/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-1-2019: Strikepoint Gold Inc. announces an Exploration/Drilling Update report for its Colossus deposit at the Colossus project. Drilling results incl. 1m @ 75g/t Ag from 182m. January 8, 2019 - StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andy Randell (Internal) | |
| ABSTRACT: | January 8, 2019 - StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide an update and summary for its Yukon assets on work completed in 2018. Field operations were focused on the Golden-Oly and PDM targets along the North Canol Road in eastern Yukon about 300 kilometers northeast of Whitehorse. A diamond drill program was conducted at the Colossus target between 1st July 2018 and 10th July 2018. Three holes were completed to a total of 682m, although the original drill program was more expansive but cut short due to permitting delays imposed by Yukon. Drilling started in the metasedimentary country rock to the west of the intrusion to test for polymetallic sheeted veins at depth before passing into the intrusion itself. Results from the drilling provided multiple sub-gram per tonne hits for gold within broad envelopes of arsenic-enriched sediments, typical of these systems. Although these results exhibit sparse gold grades, these initial holes were a significant step out from the intrusion and on the margins of expected mineralization. The types of veins observed, and the presence of elevated arsenic and bismuth are typical signatures of intrusion related gold system. Due to permitting restrictions at the time, additional holes that would have intersected the Helios Vein and passed into the intrusion itself were not drilled this season. | |
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