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CALGARY, June 23, 2011 /CNW/ --
SKP: TSXV STKXF: OTCQX
CALGARY, June 23, 2011 /CNW/ - StrikePoint Gold (TSXV: SKP) (OTCQX:
STKXF) announces that it has commenced the 2011 exploration program on
its 100% owned Angelina property located at the south-eastern end of
the Rice Lake gold belt in Manitoba.
During 2010, StrikePoint conducted a 4 week program of geologic mapping,
prospecting, rock sampling and ground magnetic geophysical surveys
within the Angelina Project. A total of 54 line-km of ground
geophysical surveys and 137 rock grab samples were collected. A
significant new high-grade vein system was discovered near Halfway Lake
within a newly mapped 4 square-kilometre area characterized by
lithologic contrast, dilational fold structures and broad halos of
demagnetization, referred to as the "Hot Zone".
Rock grab samples were collected from intermittently exposed quartz vein
mineralization over a 100 metre strike length within a prominent
northeast trending topographic low anomaly. Assay results returned
significant high grade assays of 199.0 g/t Au including 371 g/t silver
(Ag) (sample 10BMP142), 80.1 g/t Au including 286 g/t Ag (sample
10BMP143), and 59.7 g/t Au including 189 g/t Ag (sample 10KRP125). A
distance of 130 metres to the north, a poorly exposed 1 metre wide
northwest trending quartz vein containing coarse pyrite returned assays
of 45.1 g/t Au including 161 g/t silver (10JKP121), 26.7 g/t Au
including 101 g/t Ag (10JKP122), and 10.5 g/t Au including 69 g/t
silver (10RTP102) over a 50 metres strike length. This discovery is
considered significant since the high grade samples above were
collected from a 700 metre x 200 metre area of intense structural
intensity and diversity near Halfway Lake.
The recently commenced 2011 Angelina exploration program will initially
focus on the Halfway Lake discovery and will include detailed mapping,
ground geophysics and drilling. Other nearby magnetic breaks within the
Hot Zone are interpreted as shear zones and will be sampled for similar
vein structures.
All sample analytical results contained in this press release, including
standard and quality control samples were analyzed for gold by fire
assay and/or multi-element ICP-MS analysis, as appropriate, by TSL
Laboratories Inc, Saskatoon, SK.
Kristopher J. Raffle, P. Geol., APEX Geoscience Ltd. is a qualified
person as defined by National Instrument 43-101 and is responsible for
the preparation and approval of the technical information disclosed in
this news release.
This press release has been reviewed by Daniel A. Beauchamp, B.Sc.,
P.Geol., StrikePoint Gold's Qualified Person under National Instrument
43-101.
Neither 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.
This news release contains forward-looking statements relating to the
future operations of the Corporation and other statements that are not
historical facts. Any statements that are contained in this news
release that are not statements of historical fact may be deemed to be
forward-looking statements. Such forward-looking statements are subject
to important risks, uncertainties and assumptions. The reader is
cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or
circumstances may cause actual results to differ materially from those
predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the control
of StrikePoint. As a result, we cannot guarantee that any
forward-looking statement will materialize and the reader is cautioned
not to place undue reliance on any forward-looking information. Such
information, although considered reasonable by management at the time
of preparation, may prove to be incorrect and actual results may differ
materially from those anticipated. Forward-looking statements contained
in this news release are expressly qualified by this cautionary
statement. The forward-looking statements contained in this news
release are made as of the date of this news release, and StrikePoint
does not undertake any obligation to update publicly or to revise any
of the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required
by Canadian securities law.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2011/23/c8705.html
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