On this article I’ll clarify why I personal StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) and why I used to be glad to have the corporate on as a passive banner sponsor.

My Case For StrikePoint Gold in Brief:

1. Two semi-advanced gold and silver tasks within the well-known Golden Triangle
1. Confirmed high-grade gold and silver in each tasks
2. Willoughby Undertaking historic drilling highlights:
1. North Zone: 53.21 g/t Au and 211.08 g/t Ag over 5.5 m
2. North Zone: 20.08 g/t Au and 1,250.83 g/t Ag over 3.0 m
3. North Zone: 120.30 g/t Au and a couple of,434.84 g/t Ag over 3.5 m
4. Wilby Zone: 12.66 g/t Au and 59.34 g/t Ag over 12.0 m
5. Wilby Zone: 7.62 g/t Au and 1.43 g/t Ag over 11.70 m
6. Wilkie Zone: 14.66 g/t Au and 31.93 g/t Ag over 3.7 m
3. Porter Undertaking has a useful resource of 12.7 Moz of silver at very excessive grades (595-868 g/t Ag)

2. Backed by Ascot Sources and Skeena Sources (potential future patrons)
3. Owns 22 properties throughout the Yukon territory besides

Backside Line:

For round C$35 M (@ 0$0.19/share) you get round C$5 M in money, two semi-advanced flagship tasks with confirmed high-grade gold and silver endowment, and the Porter Undertaking already has a silver useful resource with bonanza-grades. Which means there’s meat on the bones already and Strikepoint can have beta to gold and silver. I believe that is vital as a result of I hate the considered ending up with no gold or silver in a valuable steel bull market. The truth that each are positioned in one of many hottest and finest tier #1 jurisdictions is icing on the cake. With that mentioned it’s after all exploration which is the principle attraction with the corporate. That there’s exploration potential at Porter is clear given that every facet of the mountain has seen historic mining and if the corporate is ready to join the high-grade hits at Willoughby then that undertaking might get actually thrilling. Lastly, the corporate has an enormous portfolio of early stage tasks in Yukon which might be bought, JV’d or labored on in a hopefully crimson scorching valuable steel market.

I see StrikePoint has having some margin of security on account of already having confirmed silver assets and confirmed high-grade mineralization at each of the corporate’s flagship tasks. If additional success is made at one or each tasks then there’s clearly some severe upside potential from this valuation stage. Having two bigger corporations invested in Strikepoint is an efficient kicker as a result of a) Votes of confidence and b) Pure acquirers in case StrikePoint hits it massive.

With a really spectacular pipeline of tasks it signifies that StrikePoint can have their fingers full and never be pressured to exit and purchase new tasks in a probably highly regarded market when valuations is perhaps “stretched.” On this regard I salute Shawn Khunkhun for having been very pragmatic (acquired tasks on a budget throughout downturns) and ahead wanting (loading the corporate with tasks BEFORE the mania section of the bull market).

Meat and Potatoes

1. World Class Jurisdiction:

StrikePoint’s two flagship tasks are positioned within the well-known Golden Triangle district of British Columbia, Canada. That is an space that has seen quite a lot of mining and there are a number of mines up and working as we communicate. Personally I’ve am comparatively choosy on the subject of jurisdictions these days so I actually do want to put money into tier #1 jurisdictions on account of a) I need to have the ability to maintain regardless of the firm finds and b) I need bigger corporations to be snug buying (taking danger) and jurisdictional danger is clearly an enormous issue for a long run funding.

This following is from the September news release titled “STRIKEPOINT GOLD UPDATES 2020 EXPLORATION PROGRAM FOR NORTHWEST BC GOLD AND SILVER PROPERTIES“:

Willoughby Gold-Silver Property

The principle goals of the 2020 exploration program on the Willoughby gold-silver property has been to enhance continuity of high-grade and to check broad zones of disseminated gold and silver mineralization encountered in earlier drilling and floor sampling. Floor exploration commenced on July 29, 2020 and drilling started on August 10, 2020. The Property is positioned on the east facet of the Cambria Icefield, seven kilometers east the advanced-stage Pink Mountain Gold Deposit owned by Ascot Sources.

The Property is underlain by Higher Triassic Stuhini rocks and Decrease Jurassic Hazelton volcanic and sedimentary rocks which were intruded by an early Jurassic-aged hornblende-feldspar porphyry, much like and probably comagmatic with the Goldslide Intrusive suite at Pink Mountain. Intrusive-related mineralized zones encompass robust pyrite mineralization with lesser pyrrhotite, sphalerite, galena, chalcopyrite, and native gold. Eight gold and silver mineralized zones have been recognized to-date over the mineralized development which extends onto Decade/Teuton Sources’ Del Norte Property.

Intensive floor sampling has been accomplished, concentrating on high-grade newly uncovered mineralization with 262 floor samples collected, with all assays at the moment pending. As well as, over 1,700 meters of drilling in seven holes have been accomplished so-far in 2020, with all holes submitted for assay.

3.2 Porter Undertaking

The second flagship undertaking is the one known as the “Porter Undertaking,” which accommodates two previous producing high-grade silver mines and a historic useful resource:

Similar to Willoughby the million dollar question here is if the veins that have been mined on opposite sides of Mt. Rainey will prove to be connected. The following snipped is from the previously mentioned news release:

Porter Silver Property

On the high-grade Porter Silver Property, the main focus of the 2020 exploration season will likely be linking the two-past-producing high-grade silver mines on the property: the Silverado (northwest) and Prosperity/Porter Idaho (southeast) mines that outcrop 2,000 meters aside on the other sides of Mount Rainey, overlooking the city of Stewart, BC. Upcoming work will embody exploration for brand spanking new veins which were recognized outdoors of the historic assets and previous producing areas. The Silverado glacier has retreated considerably over latest years, with prospecting deliberate in newly uncovered areas. In steeper areas of the Property, skilled mountaineering crews and climbing geologists will likely be employed to pattern new exposures. A drill program based mostly out of Stewart has been deliberate to focus on high-grade silver veins beforehand reported by historic stoping, drilling, floor sampling in addition to latest exploration applications by StrikePoint.

3.3 The Yukon Portfolio

StrikePoint even have a number of different aces up their sleeve within the type of a really massive portfolio of tasks positioned within the Yukon Territory, Canada:

Take the massive Pluto Project for instance (23 km at its widest level). This one has a number of areas with very excessive gold in soul numbers:

… Or how about the Golden Oly Project (observe the size):

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Be aware: This isn’t funding recommendation. I’m not a geologist nor am I a mining engineer. This text is speculative and I can not assure 100% accuracy. Junior miners will be very unstable and dangerous. I’ve purchased shares of StrikePoint Gold within the open market and I participated within the newest personal placement. I can purchase or promote shares at any cut-off date. I used to be not paid by any entity to jot down this text however the firm is a passive banner sponsor of The Hedgeless Horseman. Subsequently you need to assume I’m biased so at all times do your personal due diligence and make up your personal thoughts as at all times.

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Disclosure:

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