20:53:58 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Strikepoint Gold Inc (2)
Symbol SKP
Shares Issued 244,462,957
Close 2024-03-18 C$ 0.055
Market Cap C$ 13,445,463
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Strikepoint Gold begins drilling on Cuprite

2024-03-19 10:45 ET - News Release

Mr. Michael Allen reports

STRIKEPOINT BEGINS DRILLING ON THE CUPRITE GOLD PROJECT, WALKER LANE NEVADA

Strikepoint Gold Inc. has commenced drilling on the 44-square-kilometre Cuprite gold project located in the Walker Lane trend of Nevada approximately 75 kilometres north of AngloGold's multimillion-ounce Silicon and Merlin gold discoveries.

The company anticipates a seven-to-10-hole program totalling approximately 5,000 metres drilling using reverse circulation methods. Drilling will be completed by Envirotech Drilling of Winnemucca, Nev.

Michael G. Allen, president and chief executive officer of Strikepoint, said: "We are very excited to begin drilling on this high-quality exploration target located just off Highway 95 in Nevada. The surface similarities to AngloGold's new Silicon and Merlin discoveries make the Cuprite gold project a compelling drill target. Silicon and Merlin are new blind discoveries totalling over 13 million ounces of gold and prove that there are still Tier 1 gold discoveries to be made in Nevada, particularly in the Walker Lane trend."

Land position

The company has compiled a detailed land position map around the Cuprite gold project and notes staking by Cuprite LLC, an Electrum Group company on the western flank of the company's Cuprite gold project.

About Strikepoint Gold Inc.

Strikepoint Gold is a gold exploration company focused on building precious metals resources in Canada and the Western United States.

The Cuprite gold project consists of approximately 574 unpatented claims covering approximately 44 square kilometres, located 15 kilometres south of Goldfield, Nev., and 85 kilometres northwest of Beatty. The project is easily accessible by Highway 95 on the western margin of the property. The project is located within the Walker Lane gold trend, which hosts AngloGold's exciting Silicon gold and Merlin discoveries approximately 75 kilometres southeast of Cuprite. In addition, the Walker Lane hosts Tier 1 gold mines, including Kinross's Round Mountain mine located approximately 130 kilometres north of the Cuprite gold project.

In addition to the Cuprite gold project, the company controls two advanced-stage exploration assets in British Columbia's Golden Triangle: the past-producing high-grade silver Porter-Idaho project and the high-grade gold Willoughby project.

Qualified person statement

All technical data, as disclosed in this press release, have been verified by Mr. Allen, PGeo, president and CEO of the company. Mr. Allen is a qualified person as defined under the terms of National Instrument 43-101.

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