StrikePoint Gold Inc. ('StrikePoint' or the 'Company') announces the results of its first phase of exploration results for the 44 square kilometer Cuprite Gold Project ('Cuprite Gold') strategically located in the Walker Lane Trend of Nevada between Centerra's Gemfield Deposit and Anglogold's 'Expanded Silicon' project.
Michael G. Allen said, 'We have completed 13.5-line kilometers of Induced Polarization (IP) geophysical surveys and collected over 1,000 soil samples on the project as well as detailed geological mapping. This work resulted in a 2.6 square kilometer multi-element soil anomaly, coincident with resistivity and chargeability highs and projected ground preparation by multiple structures. The Company is evaluating additional geophysical and geological work while targeting a drilling program for late 2023 or early 2024.'
Michael G. Allen said, 'We have completed 13.5-line kilometers of Induced Polarization (IP) geophysical surveys and collected over 1,000 soil samples on the project as well as detailed geological mapping. This work resulted in a 2.6 square kilometer multi-element soil anomaly, coincident with resistivity and chargeability highs and projected ground preparation by multiple structures. The Company is evaluating additional geophysical and geological work while targeting a drilling program for late 2023 or early 2024.'
Soil Sampling Results
A total of 1,041 soil samples were collected on 17 lines spaced approximately 200 meters apart. On-line sample spacing was approximately 30 meters. Samples were collected using a hand auger at an average depth of approximately 30 cm. Results of the survey were a coherent mercury soil anomaly, coincidental with the projection of and geophysical signature of normal faults of the Stonewall Mountain Caldera, plus minor mercury anomalies possibly associated with secondary structures. Associated arsenic and antimony anomalies appear to be associated slightly outboard of the mercury anomalies suggesting the possibility of a convection cell caused by the oxidation of sulphides at depth. Individual samples ranged from 0.0009 ppm to 7.4 ppm mercury, with 12 samples registering greater than 1 ppm mercury.
Overall, the data indicates a possible large scale hydrothermal system in a similar structural environment to the nearby 4.22-million-ounce gold Silicon Deposit operated by AngloGold.
Geological Mapping
In addition, the Company's on-going geological mapping at the Cuprite Gold Project has identified multiple east-west structures that project into the mercury anomaly identified from the soil sampling program. This highlights the potential of significant ground preparation for mineralizing fluids where the east-west structures intersect the hypothesised Stonewall Mountain Caldera Margin.
About StrikePoint
StrikePoint Gold is a gold exploration company focused on building precious metals resources in Canada and the Western United States. In addition to Cuprite Gold Project, the Company controls two advanced-stage exploration assets in British Columbia's Golden Triangle: the past-producing high-grade silver Porter-Idaho Project and the high-grade gold Willoughby Project.
The Cuprite Gold Project consists of approximately 574 unpatented claims covering approximately 44-square kilometers, located 15-kilometers south of Goldfield Nevada, and 85-kilometers northwest of Beatty. The project is easily accessible by Highway 95 on the western margin of the property. The project is located within the Walker Lane Gold Trend, which hosts Anglogold's exciting Silicon Gold and Merlin discoveries approximately 75-kilometers southeast of Cuprite. In addition, the Walker Lane hosts Tier 1 gold mines including Kinross's Round Mountain Mine located approximately 130-kilometers North of Cuprite Gold Project.
Contact:
Tel: (604) 374-8381
Email: ma@strikepointgold.com
Cautionary Statement on Forward Looking Information
Certain statements made and information contained herein may constitute 'forward looking information' and 'forward looking statements' within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as 'anticipates', 'believes', 'targets', 'estimates', 'plans', 'expects', 'may', 'will', 'speculates', 'could' or 'would'.
All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward-looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.
STRIKEPOINT GOLD INC. 
