Strikepoint Gold (TSXV:SKP)
Historical Stock Chart
From Jun 2019 to Jun 2024
CALGARY, Aug. 15, 2011 /CNW/ --
SKP: TSXV STKXF: OTCQX
CALGARY, Aug. 15, 2011 /CNW/ - StrikePoint Gold (TSXV:SKP) (OTCQX:
STKXF) announces that drilling has commenced on StrikePoint's 100%
owned Angelina property in Manitoba's Rice Lake gold belt.
The drill program, described in our press release of July 7, 2011, was
delayed due to the difficulty in coordinating a drill crew and leasing
a helicopter during the forest fire season.
The proposed initial program consists of a total of 600m of drilling in
five or six holes from two set-ups spaced about 100m apart in the
centre of the zone that reported 0.14 to 6.41 g/t Au from 12 grab
samples. Four additional grab samples from this area graded 26.65 to
199.0 g/t Au. Only two of these rock samples were assayed for silver
but reported 26.9 and 101.0 g/t Ag. The grab samples results were
reported in our press release of June 23, 2011 which contains maps
showing the simplified geology, geophysics and sample locations of the
Angelina, available at: www.strikepointgold.com. It should be noted that grab samples are selective by nature and their
analytical results cannot be depended upon to estimate average grades
on the property.
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/August2011/15/c3772.html
p Investor Relationsbr/ Toll Free: 1(877)317-1660br/ a href="mailto:info@strikepointgold.com"info@strikepointgold.com/a /p