StrikePoint Begins Exploration at Lobstick Gold Property
08 April 2014 - 11:49PM
Marketwired
StrikePoint Begins Exploration at Lobstick Gold Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 8, 2014) -
StrikePoint Gold Inc. (the "Company" or "StrikePoint")
(TSX-VENTURE:SKP) is pleased to announce it has initiated line
cutting and a geophysical survey at the Company's 100% owned
Lobstick Gold Project, Wabigoon Subprovince, Ontario, Canada.
Insight Geophysics Inc. ("Insight") has been contracted to
conduct the survey. Crews have commenced line cutting to establish
a grid over the highly anomalous gold mineralization in a shear
zone that has historical assays of 38.95 meters of 0.63 g/t Au.
This mineralized shear zone represents a unique untested
opportunity since it has never been tested below 25 meter vertical
depth.
The rock types in the Wabigoon Subprovince 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.
Insight is a geophysical consulting and contracting company
having specialization in direct current electrical methods and
project management. The survey will measure the relative
chargeability and resistivity of underlying rocks and delineate
areas of increased sulphide mineralization within the shear zone.
It will also allow comparison of previously encountered sulphide
mineralization, to untested areas of potentially higher sulphides
and gold-grades within the shear zone. The Insight "Array" was
developed for maximum field efficiency and depth of
investigation.
These Array survey will provide a greater understanding of the
mineralization and rock types to help create targets for trenching
and drilling.
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 StrikePoint Gold Inc.
Shawn Khunkhun, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and
forward-looking information (collectively "forward-looking
information") within the meaning of applicable securities laws
relating to the success of the Project and the Option Agreement.
Forward-looking information typically uses words such as
"anticipate", "believe", "project", "expect", "goal", "plan",
"intend" or similar words suggesting future outcomes, statements
that actions, events or conditions "may", "would", "could" or
"will" be taken or occur in the future. The forward-looking
information is based on certain key expectations and assumptions
made by the Company's management, including expectations and
assumptions concerning prevailing commodity prices, exchange rates,
interest rates, applicable royalty rates and tax laws; future
production rates and estimates of operating costs; performance of
existing and future wells; reserve and resource volumes;
anticipated timing and results of capital expenditures; the success
obtained in drilling new wells; the sufficiency of budgeted capital
expenditures in carrying out planned activities; the timing,
location and extent of future drilling operations; the state of the
economy and the exploration and production business; results of
operations; performance; business prospects and opportunities; the
availability and cost of financing, labor and services; the impact
of increasing competition; ability to market oil and natural gas
successfully; the Company's ability to access capital, and
obtaining the necessary regulatory approvals.
Although the Company believes that the expectations and
assumptions on which such forward-looking information is based are
reasonable, undue reliance should not be placed on the
forward-looking information because the Company can give no
assurance that they will prove to be correct. Since forward-looking
information addresses future events and conditions, by its very
nature they involve inherent risks and uncertainties. The forward
looking statements contained in this news release are made as of
the date hereof and the Company undertakes no obligation to update
publicly or revise any forward looking statements or information,
whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.
StrikePoint Gold Inc.Shawn KhunkhunPresident and
CEO604-602-1440skhunkhun@strikepointgold.comStrikePoint Gold
Inc.Investor Information1 (800) 321-8564www.strikepointgold.com
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