In a news release, StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCMKTS) announced that ongoing exploration work at its Willoughby property in British Columbia's Golden Triangle is proving to be encouraging.
Along with drill pad construction, the Vancouver-based company is continuing with surface exploration, mapping and channel sampling in areas of sulphide mineralization and prospective alteration. StrikePoint Gold sent out 150 surface samples for assays, which are pending. The results of all this work will help the explorer identify and refine drill targets, the company noted.
"The focus of 2020 exploration has two objectives: first, to improve continuity of high-grade mineralization at Willoughby by targeting structural traps and, second, [to] test broad zones of early-Jurassic, intrusive-related disseminated gold mineralization similar to the large deposits at Seabridge's KSM and Iskut properties, Pretium's Snowfield deposit and Tudor/Teuton/American Creek's exciting new Treaty Creek discovery," President and CEO Shawn Khunkhun said in the release.
Strikepoint also announced that it issued 5,175,000 incentive stock options to its directors, officers, consultants and/or employees according to its stock option plan. Grantees may exercise the stock options within five years at a price of $0.20 per share.
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