StrikePoint Announces Commencement of Drill Program at Angelina
March 22 2012 - 6:30AM
PR Newswire (Canada)
SKP: TSXV STKXF: OTCQX CALGARY, March 22, 2012 /CNW/ -
StrikePoint Gold (OTCQX: STKXF) announces the commencement of a
drill program at our Angelina property located at the east end of
the Rice Lake gold belt in Manitoba. During February, an Induced
Polarization ("IP") survey was conducted in order to more precisely
define the Halfway Lake structures associated with the occurrence
of anomalous gold values and sulphides that were encountered in
drill core as described in our press release of November 29, 2011.
The IP survey data revealed a number of chargeability and
conductivity anomalies that have been used to define new drill
targets near Halfway Lake. Three IP anomalies have been identified
for the initial three drill set-ups, to be followed with additional
drill holes as warranted. This drill program is currently budgeted
for 1000m of drilling. The first drill set-up is between the two
locations previously drilled but with higher chargeability and the
other two set-ups will be on new IP anomalies. The drill was
mobilized into the Angelina property ahead of the imminent spring
breakup and the first hole has been completed. A field examination
of the core indicates the presence of more sulphides than was
observed in drill core obtained during the 2011 drill program. The
drilling program will resume as soon as breakup conditions allow.
Kristopher J. Raffle, P. Geol., APEX Geoscience Ltd. is a qualified
person as defined by National Instrument 43-101 and is responsible
for the preparation and approval of the technical information
disclosed in this news release. This press release has been
reviewed by Daniel A. Beauchamp, B.Sc., P.Geol., StrikePoint Gold's
Qualified Person under National Instrument 43-101. Richard A.
Boulay, Chairman On behalf of the Board of Directors. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
StrikePoint Gold Inc. CONTACT: Investor Relations Toll Free:
1(877)317-1660info@strikepointgold.com
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