StrikePoint Gold Inc. has initiated line cutting and a geophysical survey at the company's 100% owned Lobstick Gold project, Wabigoon Subprovince, Ontario, Canada.
Insight Geophysics Inc. ("Insight") has been contracted to conduct the survey. Crews have commenced line cutting to establish a grid over the highly anomalous gold mineralization in a shear zone that has historical assays of 38.95 meters of 0.63 g/t Au. This mineralized shear zone represents a unique untested opportunity since it has never been tested below 25 meter vertical depth.
The rock types in the Wabigoon Subprovince area are similar to the Cameron Lake and Goliath gold deposits in the region. Sedimentary rocks proximal to the shear zone suggest similar geometry to Treasury Metal’s Goliath Gold Deposit and Barrick’s Hemlo Gold Mines; acting as both cap rocks and focusing mineralizing fluids.
Insight is a geophysical consulting and contracting company having specialization in direct current electrical methods and project management. The survey will measure the relative chargeability and resistivity of underlying rocks and delineate areas of increased sulphide mineralization within the shear zone.
It will also allow comparison of previously encountered sulphide mineralization, to untested areas of potentially higher sulphides and gold-grades within the shear zone. The Insight "Array" was developed for maximum field efficiency and depth of investigation.
These Array survey will provide a greater understanding of the mineralization and rock types to help create targets for trenching and drilling.
John Florek, Technical Advisor of the Company and Qualified Person for purposes of National Instrument 43-101 has reviewed the technical information in this news release.