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SKP Strikepoint Gold Inc

0.035
-0.005 (-12.50%)
13 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Strikepoint Gold Inc TSXV:SKP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -12.50% 0.035 0.035 0.04 0.035 0.035 0.035 68,730 14:59:39

StrikePoint Identifies Strong Gold Geophysical Anomalies at Lobstick

24/06/2014 2:00pm

Marketwired Canada


StrikePoint Gold Inc. (the "Company" or "StrikePoint") (TSX VENTURE:SKP) is
pleased to announce it has received results from the direct-current, geophysical
survey at the Company's 100% owned Lobstick Gold Project in the Wabigoon
Subprovince, Ontario, Canada. The survey was performed by Insight Geophysics
located in Oakville, Ontario.


The survey was accomplished on 3 parallel lines spaced 200 meters apart, for a
strike length of 400 meters. Each line was over 2,000 meters in length to
provide the depth penetration needed to evaluate the near surface gold zones and
how they developed with depth. The geophysics survey was performed to identify
the geometry of the system to target future drilling. 


The survey was able to identify both chargeability and resistivity anomalies to
a depth of 350 to 400 meters. These anomalies corroborate the known locations of
the gold bearing shear zones and suggested that the historic drilling of these
zones was not in the best locations for mineralization; but indicate better
mineralization below these historic intercepts. This implies that the highly
anomalous gold mineralization, with a previous reported gold grade of 38.9
meters of 0.63 g/t Au, could improve with depth.


The survey identified several points of interest:



--  Disseminated auriferous pyrite showed strong correlation to
    chargeability anomalies. 
--  Chargeability anomalies improve significantly with depth on all
    sections, and interconnect to form broad anomalies at these depths. 
--  Mineralization at depth also showed strong resistivity anomalies,
    inferring more intense alteration in host rock or change of rock type
    associated with the mineralization. 
--  Mineralization is continuous and open along strike and down dip.



These mineralized shear zones represent unique untested opportunities in the
developing Wabigoon Subprovince since the Main Shear Zone has never been tested
below a 25 meter vertical depth. 


The rock types in the area are similar to the Cameron Lake and Goliath gold
deposits in the region. Sedimentary rocks proximal to the shear zone suggest
similar geometry to Treasury Metal's Goliath Gold Deposit and Barrick's Hemlo
Gold Mines; acting as both cap rocks and focusing mineralizing fluids.


With these results, StrikePoint Gold Inc. will commence planning an initial
stage of exploratory drilling, targeting these geophysical anomalies that were
delineated. The company's website displays several figures related to the
geophysical survey for observation.


John Florek, Technical Advisor of the Company and Qualified Person for purposes
of National Instrument 43-101 has reviewed the technical information in this
news release.


Additional information can be viewed at the Company's website
www.strikepointgold.com.


On Behalf of the Board of Directors of Strike Point Gold Inc.

Shawn Khunkhun, President, CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
StrikePoint Gold Inc.
Shawn Khunkhun
President, CEO
604-602-1440 or Toll Free: 1-800-321-8564
www.strikepointgold.com

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