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StrikePoint Gold update on Porter Project in BC

Mining News - Published on Fri, 11 Jan 2019

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StrikePoint Gold Inc has provided results for the 2018 drilling campaign at their Porter Project in Stewart, northwestern British Columbia:

4,304 meters of diamond drilling from surface completed on site in 2018, focusing on the Porter and Silverado historical mines.

Hole PIP18-010 intersected 5 meters silver at 819 grams per tonne between 68 meters to 73 meters depth along the D-Vein at Porter.

Other highlights include 1 meter at 2,241 grams per tonne silver in PIP18-012 along the Blind Vein and 2 meters at 637 grams per tonne silver.

PIP18-014 intersected 0.5 meters at 2,506 grams per tonne which appears to be a previously untested lower continuation of the D-Vein.

Intercepts along the Blind Vein are significant as this structure was not included in the 2012 resource calculation, yet it lies between the D- and Prosperity Veins (both used in the historical resource).

Drilling has upheld the grades used in the historical resource calculation and give further confidence in the 13-million-ounce silver reserve numbers.

For the first time in the history of exploration at this site, entire lengths of core have been assayed and as such has demonstrated extensive lower grade mineralization in smaller, sympathetic structures paralleling the main veins.

Drilling has highlighted mineralization along other structures outside of the historical resource area and decreased the ‘gap’ between the Porter and Silverado mines, showing potential for continuity under the peak of Mount Rainey.

Drilling commenced at the Porter Project on August 16th, 2018 and concluded on September 22nd, 2018. A total of 4,304 meters of diamond core was retrieved using two rigs, with one focused on Porter (southern flank of Mount Rainey) and the second testing the northern Silverado veins. Twenty-five holes were completed during the campaign, with 22 from Porter and 3 at Silverado.

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Posted By : Rabi Wangkhem on Fri, 11 Jan 2019
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