StrikePoint discovers new mineralized zones

StrikePoint Gold Inc. Nov. 28 announced that the initial drill results from its 2022 exploration program expanded known mineralization at the Willoughby gold-silver project in British Columbia's Golden Triangle.

Focused on regional exploration aimed at growing the footprint of the Willoughby mineralization trend and to drill previously untested areas on the project, the 2022 exploration program also included reconnaissance surface sampling.

"The 2022 program at Willoughby significantly expanded the known mineralized footprint on the property," said StrikePoint Gold CEO Michael Allen. "Significant gold and silver grades have been established through surface sampling and drilling for approximately 2,700 meters of strike length of the Willoughby trend."

A total of 84 grab samples were collected as part of the program. Values returned grades from 0.005 to 156 grams per metric ton gold and 0.25 to 1,240 g/t silver, with 27 samples returning gold values of greater than 0.1 g/t gold.

The program targeted areas of newly exposed outcrop to the south and north of the Main Willoughby showing along the initial 1,300-meter-long mineralized trend. Due to the exploration, surface sampling highlighted two new mineralized zones, called FS and BOD, to the south, as well as confirmed mineralization at the historic Back Ridge zone, a previously underexplored area.

Located at the southernmost end of the Willoughby nunataq (a rocky outcrop within a large icefield), the BOD zone lies roughly 125 meters south of the Icefall zone. Surface reconnaissance outlined a wide area of quartz-sericite-pyrite alteration at BOD that is linked to alteration associated with north-northwest striking structures further north on the nunataq.

These steeply east-dipping structures are linked to bonanza-grade mineralization, as shown in grab sample B0017097, which returned 156 g/t gold and 91.7 g/t silver. Additionally, alteration halos around these structures returned significant grades in three surface samples which averaged 4.02 g/t gold and 11.9 g/t silver.

As for the newly defined FS zone, it is found at the southernmost extent of the property and is approximately 700 meters to the south of BOD.

Recently exposed due to significant ice recession, this new zone exhibits a similar mineralization style to those outlined on the Willoughby nunataq, suggesting a continuation of known mineralization.

Significant grades were returned from the few grab samples collected; highlights include:

• 139 g/t gold and 128 g/t silver in sample B0017075.

• 3.05 g/t gold and 36.2 g/t silver in B0017076.

• 4.95 g/t gold and 120 g/t silver in B0017080.

• 6.48 g/t gold and 52.5 g/t silver in B0017081.

Willoughby drilling comprised a total of 1,500 meters of diamond drilling with a focus on northern and southern extensions of mineralized zones on the Willoughby nunataq and exploratory drilling to discover new mineralization to the west of the Willoughby Trend.

The program was successful in defining new mineralization to the southwest of North zone, with one hole returning 4.2 meters averaging 2.48 g/t gold and 4 g/t silver in W22-129, including a small subsection of 0.85 meters averaging 11.45 g/t gold and 13.7 g/t silver.

The mineralization outlined in this hole is at the contact between the Jurassic volcanic rock package and the Goldslide intrusive in an area strongly quartz-sericite altered with massive pyrite mineralized sections and is similar to what is seen at the Edge, Wilby, and Icefall zones.

From the same drill setup, hole W22-128 intersected 9.02 meters averaging 1.11 g/t gold and 20.96 g/t silver, including a subsection of 2.52 meters averaging 2.46 g/t gold and 35.23 g/t silver, which explored an extension of the mineralization to the northwest, notably toward the NN zone.

The three remaining exploration holes, which include 128 and 129, were drilled further to the south on the Willoughby nunataq in wide areas that were previously untested.

Hole W22-125, an exploratory hole to the southwest, cut 5.32 meters averaging 1.02 g/t gold and 27.15 g/t silver in strongly altered silica-sericite lapilli tuff with semi-massive pyrite and sphalerite in an unexplored area.

Hole W22-127 was an aggressive 100-meter step out from known mineralization at Wilby, which cut 8.78 meters averaging 0.82 g/t gold and 1.41 g/t silver and 1.12 meters 8.39 g/t gold and 11.2 g/t silver.

"Drill holes W22-125 and W22-129 identified potential new zones of mineralization west of previous drilling at either end of the Willoughby nunataq, that has only been cut by these two drill holes to date," said Allen.

With new targets to build upon for next year, StrikePoint is well-positioned to continue exploring this highly prospective Golden Triangle property.