Cuprite LLC Acquires Ground Adjacent and Internal to StrikePoint Gold's Cuprite Gold Project, Walker Lane, Nevada
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) has announced updates to its Cuprite Gold Project in Nevada. Cuprite , believed to be controlled by the Electrum Group, has acquired approximately 152 claims adjacent to StrikePoint's project. Additionally, a third party has leased 54 claims internal to the project. StrikePoint's CEO, Michael G. Allen, views this activity as validation of the project's potential, citing recent drill results that indicate a large-scale mineralized system.
The company's inaugural drill program yielded gold mineralization in four out of five holes. Recent lithogeochemical and clay alteration studies have confirmed the presence of East-West structures forming a down dropped graben and northeast trending structures, which may serve as conduits for mineralizing fluids. StrikePoint is currently reviewing all data before proceeding with the next phase of drilling.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ha annunciato aggiornamenti sul suo Progetto Aurifero Cuprite in Nevada. Cuprite, che si ritiene sia controllato dal Gruppo Electrum, ha acquisito circa 152 concessioni adiacenti al progetto di StrikePoint. Inoltre, una terza parte ha affittato 54 concessioni interne al progetto. Il CEO di StrikePoint, Michael G. Allen, considera questa attività come una convalida del potenziale del progetto, citando i recenti risultati di perforazione che indicano un grande sistema mineralizzato.
Il programma di perforazione inaugurale della compagnia ha mostrato mineralizzazione di oro in quattro dei cinque fori. Recenti studi litogeochimici e di alterazione dell'argilla hanno confermato la presenza di strutture Est-Ovest che formano un graben abbassato e strutture che si estendono a nord-est, le quali potrebbero fungere da condotti per i fluidi mineralizzanti. StrikePoint sta attualmente esaminando tutti i dati prima di procedere con la prossima fase di perforazione.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ha anunciado actualizaciones sobre su Proyecto de Oro Cuprite en Nevada. Se cree que Cuprite está controlado por el Grupo Electrum, y ha adquirido aproximadamente 152 concesiones adyacentes al proyecto de StrikePoint. Adicionalmente, un tercero ha arrendado 54 concesiones internas al proyecto. El CEO de StrikePoint, Michael G. Allen, ve esta actividad como una validación del potencial del proyecto, citando los recientes resultados de perforación que indican un sistema mineralizado a gran escala.
El programa inaugural de perforación de la compañía arrojó mineralización de oro en cuatro de cinco perforaciones. Estudios recientes de litogequímica y de alteración de arcillas han confirmado la presencia de estructuras Este-Oeste que forman un graben hundido y estructuras que se extienden al noreste, que pueden servir como conductos para fluidos mineralizantes. StrikePoint está revisando todos los datos antes de continuar con la próxima fase de perforación.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF)는 네바다의 구프라이트 금 프로젝트에 대한 업데이트를 발표했습니다. 구프라이트는 일렉트럼 그룹이 소유하고 있는 것으로 알려져 있으며, 약 스트라이크포인트 프로젝트 인근에 152개의 청구권을 인수했습니다. 또한, 제3자가 프로젝트 내 54개의 청구권을 임대했습니다. StrikePoint의 CEO인 마이클 G. 앨런은 이러한 활동을 프로젝트의 잠재성에 대한 검증으로 보고 있으며, 최근의 시추 결과들이 대규모 광물화 시스템을 나타낸다고 언급했습니다.
회사의 첫 시추 프로그램은 5개의 홀 중 4개에서 금 광물화를 나타냈습니다. 최근의 리토지화학 및 점토 변형 연구는 하강 그라벤을 형성하는 동서 구조와 북동쪽으로 향하는 구조의 존재를 확인했으며, 이는 광물화 유체의 통로가 될 수 있습니다. StrikePoint는 다음 시추 단계로 진행하기 전에 모든 데이터를 검토하고 있습니다.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) a annoncé des mises à jour concernant son Projet Aurifère Cuprite dans le Nevada. Cuprite, qui serait contrôlé par le groupe Electrum, a acquis environ 152 revendications adjacentes au projet de StrikePoint. De plus, un tiers a loué 54 revendications à l'intérieur du projet. Le PDG de StrikePoint, Michael G. Allen, considère cette activité comme une validation du potentiel du projet, citant les récents résultats de forage qui indiquent un système minéralisé à grande échelle.
Le programme de forage inaugural de l'entreprise a révélé une minéralisation en or dans quatre des cinq forages. Des études lithogéochimiques et d'altération des argiles récentes ont confirmé la présence de structures Est-Ouest formant un graben abaisseur et de structures orientées au nord-est, qui pourraient servir de conduits pour les fluides minéralisants. StrikePoint examine actuellement toutes les données avant de procéder à la prochaine phase de forage.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) hat Aktualisierungen zu seinem Cuprite Gold Projekt in Nevada bekannt gegeben. Cuprite, das von der Electrum Group kontrolliert werden soll, hat etwa 152 Ansprüche neben StrikePoints Projekt erworben. Darüber hinaus hat ein Dritter 54 Ansprüche innerhalb des Projekts gepachtet. Der CEO von StrikePoint, Michael G. Allen, sieht diese Aktivitäten als Bestätigung des Potenzials des Projekts, und verweist auf die kürzlichen Bohrergebnisse, die auf ein großflächiges mineralisiertes System hinweisen.
Das erste Bohrprogramm des Unternehmens zeigte Goldmineralisierung in vier von fünf Löchern. Jüngste lithogeochemische und Tonalterationsstudien haben die Existenz von Ost-West-Strukturen, die ein abgesenktes Graben bilden, und nordostwärts verlaufenden Strukturen bestätigt, die als Leitungen für mineralisierende Flüssigkeiten dienen könnten. StrikePoint überprüft derzeit alle Daten, bevor sie mit der nächsten Bohrphase fortfahren.
- Acquisition of adjacent claims by Cuprite validates the project's potential
- Inaugural drill program yielded gold mineralization in 4 out of 5 holes
- Lithogeochemical studies confirmed presence of favorable structures for mineralization
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2024) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to provide an update the wholly owned Cuprite Gold Project.
Cuprite LLC acquired by staking approximately 152 claims immediately to the West of the Company's Cuprite Gold Project. This claim block ties onto the Company's land package.
StrikePoint believes that Cuprite LLC is controlled by the Electrum Group a New York-based registered investment adviser. Electrum makes strategic investments principally in high-quality precious metals assets and opportunities and manages Client assets on a discretionary basis, valued at ~
In addition, the Company has recently become aware that that a third party, potentially associated with the Electrum Group, has leased the 54 claims that are internal to the Cuprite Gold Project.
"The recent activity validates our excitement about the Cuprite Gold Project" said CEO Michael G. Allen. "Our drill results show that the Cuprite Project hosts a large-scale mineralized system, and others are moving into this emerging gold district in Nevada where StrikePoint has a strong land position."
Figure 1: Cuprite Gold District Land Position
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5044/222635_e09f5b73543c79bb_002full.jpg
StrikePoint Golds inaugural drill program at Cuprite project was the first drilling on the project since staking was allowed on the property. This inaugural drill program cut gold mineralization in four of five holes. Further details can be found in the Company's June 4, 2024 news release.
Lithogeochemistry and Clay Alteration Studies
The Company recently completed detailed lithogeochemical and preliminary clay alteration studies on reverse circulation chips from our recent drill campaign. The detailed analysis confirmed the presence of a series of East-West structures forming a down dropped graben, as well as other northeast trending structures. The clay alteration suggests that these structures have become conduits for mineralizing fluids. The Company is in the process of reviewing all data prior to the next phase of drilling.
Neither 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
Qualified Person Statement
All technical data, as disclosed in this press release, has been verified by Michael G. Allen, P. Geo, President and CEO of the Company. Mr. Allen is a qualified person as defined under the terms of National Instrument 43-101.
About StrikePoint
StrikePoint Gold is a multi asset 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 kilometers, located 15-kilometers south of Goldfield Nevada, and 85-kilometers northwest of Beatty. The Cuprite Gold Project is easily accessible by Highway 95 on the western margin of the property.
Approximately one hours drive from Reno the Company owns the Hercules Gold Project covering approximately 100 square kilometers with numerous drilled gold showings. Hercules is a low-sulphidation - epithermal gold target.
Both the Cuprite Gold Project and the Hercules Gold Project are located in the Walker Lane Gold Trend, which hosts AngloGold's exciting Silicon Gold and Merlin discoveries and Kinross's Tier - 1 Round Mountain Mine.
In addition, 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.
ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC.
"Michael G. Allen"
Michael G. Allen
President, Chief Executive Officer & Director
For more information, please contact:
StrikePoint Gold Inc.
Knox Henderson, Investor Relations
T: (604) 551-2360
E: kh@strikepointgold.com
W: www.strikepointgold.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222635
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