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StrikePoint confirms Colossus gold target


Last updated 1/13/2018 at 2:02pm

StrikePoint Gold Inc. Oct. 10 reported high-grade silver and gold results from a short mapping and sampling program carried out at its Golden-Oly property in eastern Yukon.

The 12-day program focused on Colossus, one of seven geophysical and geochemical targets previously identified on the property.

Two vein types were observed at Colossus - quartz-arsenopyrite veins within granodiorite and polymetallic veins around the periphery and into the surrounding country rock.

Grab samples from the quartz veins returned up to 10.65 grams per metric ton gold, and the polymetallic veins carried up to 364 g/t silver.

StrikePoint said multiple mineralized sheeted vein systems were identified across the 3,300-meter Colossus target.

"The delineation of the Colossus target is a significant discovery within the Yukon portfolio," said StrikePoint CEO Shawn Khunkhun. "The fact that this has the potential to be one of seven large identical systems is extremely exciting and a significant benchmark in the Strikepoint story."

Sampling at the Babylon target on the PDM property, located just west of Golden-Oly, was designed to provide a comparison between that intrusion and the one at Colossus, with the goal of weighing the potential of each of the seven targets.

Results from field work at Babylon are pending.

StrikePoint will use the information from the 2017 program to plan for future drilling at Golden-Oly.



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