StrikePoint drilling 2nd Willoughby zone

StrikePoint Gold Inc. Aug. 13 announced the start of a second phase of drilling a Willoughby, a gold-silver project about seven kilometers (four miles) east of Ascot Resources Ltd.'s Red Mountain Mine project in British Columbia's Golden Triangle.

StrikePoint acquired Willoughby earlier this year and began a phase 1 drill program on the property in July. This initial phase of drilling targeted the North zone, one of two zones drilled at Willoughby in the 1990s.

Gold-silver mineralization at Willoughby is hosted within Jurassic volcanic and sedimentary rocks, as well as Goldslide Suite intrusive phases, similar to the Red Mountain deposit across the Cambria Icefield from Willoughby and other significant deposits in northwestern British Columbia.

Hole 95-36, drilled in the North zone, cut 20.5 meters averaging 24.99 g/t gold and 184.22 g/t silver, and 2.9 meters of 383 g/t gold and 213.6 g/t silver.

Assays from StrikePoint's drilling are pending.

The second phase of drilling is targeting Wilby (formerly referred to as Main), a zone about 400 meters southeast of North.

Highlights of historical intercepts from Wilby include:

• 11.5 meters of 7.06 grams per metric ton gold and 42.8 g/t silver in hole 89-04;

• 6.8 meters of 20.45 g/t gold and 42.84 g/t silver in 95-51;

• 12 meters of 12.66 g/t gold and 59.43 g/t silver in 95-53;

• 5.1 meters of 10.54 g/t gold and 5.88 g/t silver in 96-71; and

• 11.7 meters of 7.62 g/t gold and 1.43 g/t silver in 96-88.

The objective of the Phase II program is to expand and test the 1450 and Northern deep lenses previously identified at the Wilby zone, confirming and stepping out from multiple wide, high-grade historic intercepts.

"This is the first drill program to be carried out at the Wilby zone since 1996. Historic drill holes were limited to near-outcrop, short holes," said StrikePoint Gold CEO Shawn Khunkhun. "StrikePoint's goal is to demonstrate that the mineralized system is more extensive than previously indicated. This part of Northern British Columbia has an enviable endowment of high-grade gold and silver mines and deposits. Our aim is to build a resource that moves this project towards economic viability."

–SHANE LASLEY