Strike­point grab sam­ples up to 9.8 g/t gold at PDM

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

STRIKE­POINT GOLD Inc. has pro­vided sur­face re­sults from its PDM prop­erty in Yukon, and its im­pli­ca­tions in a new re­gional-scale struc­tural trend that links the PDM, Golden-Oly and Nordic prop­er­ties.

High­lights

• Sur­face grab sam ples at PDM re­turned grades of up to 9.8 grams per tonne gold, 2.8 per cent cop­per and 245 g/t sil­ver.

• Sam­ples col­lected from area of sheeted veins within in­tru­sive ma­te­rial with vis­i­ble cop­per min­er­al­iza­tion, in­clud­ing na­tive cop­per.

• Sheeted veins ob­served oc­cur­ring through­out an area of 350 me­tres by 350 m, with a max­i­mum den­sity of 30 veins over a 10 m nat­u­ral ex­po­sure

• Ge­o­log­i­cal ob­ser­va­tions at PDM tie in to an over­all struc­tural trend that stretches for 78 km and in­cor­po­rates the Golden-Oly and Nordic prop­er­ties,

termed the Seven Won­ders Trend.

• New model will help fo­cus fu­ture tar­get­ing within a large project area. Strike­point Gold was ac­tive on the project be­tween Aug. 11 and Aug. 19, 2017. Ex­ten­sive map­ping and sur­face sam­pling fo­cused in the cen­ter of the prop­erty around the Spear­head show­ing, iden­ti­fied by the Yukon Ge­o­log­i­cal Sur­vey. A to­tal of 159 grab sam­ples were col­lected from the area, mainly from ob­vi­ously min­er­al­ized zones, but also from fur­ther out to gather ad­di­tional geo­chem­i­cal data.

These min­er­al­ized sam­ples re­turned from trace to 2.8 per cent cop­per (with 15 per cent of all sur­face sam­ples col­lected re­turn­ing greater than 0.2 per cent cop­per), and from trace to 9.8 g/t gold (with 10 per cent of all sur­face sam­ples re­turn­ing greater than 0.5 g/t gold). Sil­ver was also found in sam­ples, rang­ing from trace to 245 g/t, with 13 per cent of all sam­ples re­turn­ing grades more than 20 g/t sil­ver).

Ge­ol­o­gists on site fo­cused on an area of sheeted veins within a gra­n­odi­oritic stock that had den­si­ties up to 30 veins over a 10 m ex­po­sure. The in­tru­sive host rock also con­tains ad­di­tional sul­phide min­er­al­iza­tion although at a lower rate of oc­cur­rence than within the veins.

The Seven Won­ders trend

Post­sea­son com­pi­la­tion of data has high­lighted the ex­is­tence of a struc­tural trend that passes through PDM, Golden-Oly and the Nordic prop­er­ties, for a to­tal of 78 km by 16 km, and helps to ex­plain cer­tain min­er­al­ized fea­tures ob­served dur­ing the 2017 pro­gram.

The iden­ti­fi­ca­tion of the Seven Won­ders trend will help with fu­ture tar­get­ing, in­clud­ing any drilling, on the prop­erty, as only cer­tain struc­tures that de­velop will also pro­mote fluid flow and there­fore min­er­al­iza­tion. This is a key find­ing for the 2017 sea­son as it will help fo­cus work across a col­lec­tion of large land pack­ages and en­sure ex­plo­ration funds are spent the most wisely.

Shawn Khunkhun, chief ex­ec­u­tive of­fi­cer of Strike­point, said: “This is an­other ma­jor step for­wards by the Strike­point team on this newly ac­quired port­fo­lio. The dis­cov­ery of min­er­al­iza­tion at PDM is sig­nif­i­cant, but be­ing able to tie this in to a larger ge­o­log­i­cal model that cov­ers ad­di­tional com­pany prop­er­ties con­firms our view that this area war­rants fur­ther sys­tem­atic ex­plo­ration.”

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

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

(SKP) Shares: 60,025,392

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