SKP: TSXV STKXF: OTCQX
CALGARY, Aug. 17, 2012 /CNW/ - StrikePoint Gold (TSXV:SKP) (OTCQX:
STKXF) announces that it has completed its first drill program on the
Pokiok Batholith project in New Brunswick.
The Pokiok project is centred about 48 kilometres west of Fredericton
and is composed of 244 claims that cover an area of 5468 hectares. The
project is at the faulted contact between the Hawkshaw granite to the
east and the Allandale granite to the west. StrikePoint controls over
15 kms of the fault zone which is characterized by the occurrence of
mineralized boulders that have been identified in mapping and trenching
programs. (See Press Releases of July 24 and April 19 2012).
Five holes were drilled in a concentrated area, totaling 1176m, at 45
degree dips in order to precisely localize the position of the fault
zone. Subsequently, one 55 degree dipping hole was drilled to 588m
approximately 1.7 km north of the initial five holes.
Hole #1 intersected unaltered granite with several intervals of
hydrothermally altered granite. Most of the core from Holes #2 through
Hole #6 intercepted the fault alteration zone and contain varying
amounts of disseminated pyrite with chalcopyrite, including some
clusters of denser pyrite and chalcopyrite, sphalerite and galena. The
first three holes have been logged and sampled. Logging and sampling is
anticipated to continue for two weeks. Assay results are pending and
will be released when received and evaluated.
Richard Boulay, Chairman, stated that "The initial drill program at
Pokiok has established the location and nature of the mineralized fault
zone. It consists of silicified fault gouge and breccia with an
apparent width of up to 300 m. Pending the receipt and evaluation of
core sample results, further mapping and surface sampling operations
will be undertaken along the 15 km length of the mapped fault zone."
All samples are being processed by Activation Laboratories Ltd (Actlabs)
using Fire Assay/AA, ICP and/or Total Digestion ICP, as appropriate.
This press release has been reviewed by Daniel A. Beauchamp, B.Sc.,
P.Geol., StrikePoint Gold's Qualified Person under National Instrument
Richard A. Boulay, Chairman, On behalf of the Board of Directors.
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.
SOURCE: StrikePoint Gold Inc.
For further information:
Investor Relations Toll Free: 1(877)317-1660