Large High Grade Gold and Silver Vein System Explored at Angelina in Manitoba

SKP: TSXV         STKXF: OTCQX

 

CALGARY, June 23, 2011 /CNW/ - StrikePoint Gold (TSXV: SKP) (OTCQX: STKXF) announces that it has commenced the 2011 exploration program on its 100% owned Angelina property located at the south-eastern end of the Rice Lake gold belt in Manitoba.

During 2010, StrikePoint conducted a 4 week program of geologic mapping, prospecting, rock sampling and ground magnetic geophysical surveys within the Angelina Project. A total of 54 line-km of ground geophysical surveys and 137 rock grab samples were collected. A significant new high-grade vein system was discovered near Halfway Lake within a newly mapped 4 square-kilometre area characterized by lithologic contrast, dilational fold structures and broad halos of demagnetization, referred to as the "Hot Zone".

Rock grab samples were collected from intermittently exposed quartz vein mineralization over a 100 metre strike length within a prominent northeast trending topographic low anomaly. Assay results returned significant high grade assays of 199.0 g/t Au including 371 g/t silver (Ag) (sample 10BMP142), 80.1 g/t Au including 286 g/t Ag (sample 10BMP143), and 59.7 g/t Au including 189 g/t Ag (sample 10KRP125). A distance of 130 metres to the north, a poorly exposed 1 metre wide northwest trending quartz vein containing coarse pyrite returned assays of 45.1 g/t Au including 161 g/t silver (10JKP121), 26.7 g/t Au including 101 g/t Ag (10JKP122), and 10.5 g/t Au including 69 g/t silver (10RTP102) over a 50 metres strike length. This discovery is considered significant since the high grade samples above were collected from a 700 metre x 200 metre area of intense structural intensity and diversity near Halfway Lake.

The recently commenced 2011 Angelina exploration program will initially focus on the Halfway Lake discovery and will include detailed mapping, ground geophysics and drilling. Other nearby magnetic breaks within the Hot Zone are interpreted as shear zones and will be sampled for similar vein structures.

All sample analytical results contained in this press release, including standard and quality control samples were analyzed for gold by fire assay and/or multi-element ICP-MS analysis, as appropriate, by TSL Laboratories Inc, Saskatoon, SK.

Kristopher J. Raffle, P. Geol., APEX Geoscience Ltd. is a qualified person as defined by National Instrument 43-101 and is responsible for the preparation and approval of the technical information disclosed in this news release.

This press release has been reviewed by Daniel A. Beauchamp, B.Sc., P.Geol., StrikePoint Gold's Qualified Person under National Instrument 43-101.

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.

This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking statements are subject to important risks, uncertainties and assumptions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of StrikePoint. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and StrikePoint does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.


SOURCE StrikePoint Gold Inc.

For further information:

Investor Relations
Toll Free: 1(877)317-1660
info@strikepointgold.com

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