StrikePoint Gold Inc. Releases Drill Results from the Porter Project, British Columbia, Including 5-meters at 819 Grams per Tonne Silver

January 09, 2019

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide results for the 2018 drilling campaign at their Porter Project in Stewart, northwestern British Columbia:

• 4,304 meters of diamond drilling from surface completed on site in 2018, focusing on the Porter and Silverado historical mines.
• Hole PIP18-010 intersected 5 meters silver at 819 grams per tonne between 68 meters to 73 meters depth along the D-Vein at Porter.
• Other highlights include 1 meter at 2,241 grams per tonne silver in PIP18-012 along the Blind Vein and 2 meters at 637 grams per tonne silver.
• PIP18-014 intersected 0.5 meters at 2,506 grams per tonne which appears to be a previously untested lower continuation of the D-Vein.
• Intercepts along the Blind Vein are significant as this structure was not included in the 2012 resource calculation, yet it lies between the D- and Prosperity Veins (both used in the historical resource).
• Drilling has upheld the grades used in the historical resource calculation and give further confidence in the 13-million-ounce silver reserve numbers.
• For the first time in the history of exploration at this site, entire lengths of core have been assayed and as such has demonstrated extensive lower grade mineralization in smaller, sympathetic structures paralleling the main veins.
• Drilling has highlighted mineralization along other structures outside of the historical resource area and decreased the ‘gap’ between the Porter and Silverado mines, showing potential for continuity under the peak of Mount Rainey.

Targeted Drilling Program

Drilling commenced at the Porter Project on August 16^th, 2018 and concluded on September 22^nd, 2018. A total of 4,304 meters of diamond core was retrieved using two rigs, with one focused on Porter (southern flank of Mount Rainey) and the second testing the northern Silverado veins. Twenty-five holes were completed during the campaign, with 22 from Porter and 3 at Silverado.

Drilling had four primary objectives to test the viability of the Porter project:

• To test the grades encountered historically and therefore used in the 2012 resource calculation (specifically the D-Vein and Prosperity Vein)
• Test for mineralization at depth along several undrilled veins on the Porter side of Mount Rainey (Blind, Wake and Angelo Veins)
• Completion of holes to explore the possible extension of the Silverado Veins and their relationship to the system at Porter, 2-kilometers away.
• To collect geological information in order to start building a geological model of the mountain and the mineralized systems

It is felt that each of these objectives was satisfactorily met by the 2018 drilling campaign.

Read More: https://strikepointgold.com/strikepoint-gold-inc-releases-drill-results-from-the-porter-project-british-columbia-including-5-meters-at-819-grams-per-tonne-silver/

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