North of 60 Mining News - The mining newspaper for Alaska and Canada's North

StrikePoint Gold Inc. Feb. 3 announced the discovery of a new zone of high-grade gold-silver mineralization at its Willoughby project near Stewart in British Columbia's Golden Triangle.

Willoughby, which lies about four miles (seven kilometers) east of Ascot Resources Ltd.'s Red Mountain Mine project, hosts at least three styles of mineralization in eight known areas, two of which were tested by a 1,715-meter drill program completed during 2020.

Two of the six holes drilled last year tested a new area of mineralization known as the Edge zone.

StrikePoint's Edge discovery hole, W20-106, cut 27.8 meters averaging 4.19 grams per metric ton gold and 18.3 g/t silver, including a 7.7-meter higher-grade zone averaging 10.04 g/t gold and 5.61 g/t silver. This hole is interpreted to be contiguous with 96-88, a hole drilled in 1996 that cut 11.5 meters averaging 7.62 g/t gold and 1.43 g/t silver about 40 meters to the north.

"Drill Hole W20-106 represents a geological breakthrough and an important discovery at Willoughby, where we targeted high-grade mineralization in a setting that is similar to other major gold deposits in area. The intrusive-related, gold-bearing massive and stringer sulfide mineralization at the Edge zone is wide open for expansion," said StrikePoint Gold President and CEO Shawn Khunkhun.

W20-107, the last hole of the 2020 drill program at Willoughby, cut wide intervals of disseminated gold mineralization in the hanging wall to the Edge Zone, including 39.5 meters averaging 0.53 g/t gold and 33 meters averaging 0.51 g/t gold.

The other four holes drilled at Willoughby last year targeted Wilby, a zone southeast of Edge with mineralization associated with brittle fault zones hosted within sediments.

Drilling in the 1990s tapped high-grade gold and silver at Wilby, including:

• 6.8 meters of 20.45 g/t gold and 42.84 g/t silver.

• 12 meters of 12.66 g/t gold and 59.43 g/t silver.

• 11.7 meters of 7.62 g/t gold and 1.43 g/t silver.

The conceptual target of the 2020 drilling was to identify potential for large, early-Jurassic disseminated gold deposits similar to those at Seabridge Gold's nearby KSM project.

Significant intervals from the 2020 drilling at Wilby include:

StrikePoint Gold Inc.

StrikePoint Gold's Porter project covers historic high-grade silver mines on Mount Rainey above Stewart, a mining town at the southern tip of British Columbia's Golden Triangle.

• 19.5 meters averaging 1.13 g/t gold and 7.19 g/t silver in hole W20-102.

• 33.5 meters averaging 1.22 g/t Au and 15.65 g/t silver in hole W20-103.

Coupled with previous drilling, these holes were successful in identifying a broad area of northwest-southeast trending mineralization with wide intervals above 1 g/t gold.

In addition to drilling, sampling, and mapping at Willoughby, StrikePoint's 2020 exploration included sampling that identified new high-grade silver veins and extensions of already known veins at Porter, a high-grade silver project on Mount Rainey overlooking Stewart.

"With a strong treasury and successful exploration programs at both the nearby high-grade Porter silver property, and the Willoughby gold-silver project, we are poised to be the dominant discovery-focused explorer in the Golden Triangle," said Khunkhun.

Author Bio

Shane Lasley, Publisher

Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

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