Strike­point Gold to be­gin drilling at Pluto July 16

Stockwatch Daily - - MINES & METALS - Mr. Shawn Khunkhun re­ports

STRIKE­POINT GOLD Inc. has pro­vided an up­date on the progress of its $2.5-mil­lion sum­mer gold ex­plo­ration pro­gram in the Yukon. Com­pre­hen­sive work in­clud­ing drilling has been com­pleted on the Mahtin prop­erty. The

crew is now work­ing on the Pluto prop­erty judged to be Strike­point’s high­est-ranked tar­get. Ex­plo­ration is also planned this sea­son for sev­eral other tar­gets.

The Pluto gold project is lo­cated ap­prox­i­mately 100 kilo­me­tres west-south­west of the town of Car­ma­cks in cen­tral Yukon. The Strike­point team has es­tab­lished its camp and is cur­rently un­der­tak­ing a map­ping and sam­pling pro­gram, with drilling due to start on or around July 16. Two main tar­gets have been iden­ti­fied for ex­plo­ration work, the north­ern Charon tar­get and the south­ern Hy­dra zone.

Both tar­gets have been the sub­ject of an in­duced po­lar­iza­tion (IP) geo­phys­i­cal study in June car­ried out by GroundTruth Ex­plo­ration. The re­sults are cur­rently be­ing an­a­lyzed and will be used for tar­get­ing the RAB (ro­tary air blast) drill pro­gram.

Up­date on Mahtin ex­plo­ration

Ex­plo­ration work was un­der­taken on the Mahtin prop­erty be­tween June 6 and July 4, with a fo­cus on the Mahtin North and MayQu tar­get ar­eas. A to­tal of 164 grab sam­ples were taken from across the Mahtin prop­erty, in­clud­ing from po­ten­tial new zones of min­er­al­iza­tion dis­cov­ered on the Alp-Forty claims in the south­west­ern por­tion of the Mahtin claim block.

A to­tal of nine RAB holes were drilled, with six in Mahtin North and three on MayQu, rang­ing from 80-me­tre to 150-me­tre depth each.

All grab and RAB chip sam­ples are cur­rently with the lab­o­ra­tory for as­say­ing, and re­sults are pend­ing.

Base­line en­vi­ron­men­tal stud­ies were also com­pleted on both the Mahtin North and MayQu tar­gets, in­clud­ing wildlife sur­veys and wa­ter sam­pling. The use of the RAB drill has min­i­mal en­vi­ron­men­tal im­pact. All col­lar lo­ca­tions were cleaned and re­claimed im­me­di­ately af­ter drilling was com­pleted.

Strike­point also took part in the First Na­tions of the Na-Cho Nyak Dun In­dus­try Day on June 25, pre­sent­ing to the coun­cil and com­mu­nity the Mahtin and Golden-Oly projects that lie within their tra­di­tional ter­ri­to­ries. Other July ac­tiv­i­ties In ad­di­tion to drilling at Pluto, Strike­point will also un­der­take some re­gional work on the Sap­phire, Kilo and Gar­net prop­er­ties, which are also within the Klu­ane re­gion. Ex­plo­ration ac­tiv­i­ties will be re­stricted to map­ping and sam­pling of anom­alies high­lighted by work com­pleted in 2012 by Ryan Gold Corp.

A small ad­vance team will also mo­bi­lize into the North Canol Road area to un­der­take some first-pass work on the Golden-Oly tar­gets.

Erika Flores con­densed this news re­lease (erikaf@stock­watch.com).

Adrian Wal­lace Flem­ing, Ian R Har­ris, Dar­ryl Baker Jones, Shawn Khunkhun, Michael R J McPhie

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