StrikePoint Gold Inc. announces that option partner, JOVG Global Mineral Enterprises, a private company based in Winnipeg, Manitoba, has completed their 2014 exploration program on its Angelina property located at the south-eastern end of the Rice Lake gold belt in Manitoba.
The program consisted of surface trenching and sampling. StrikePoint is currently awaiting the analysis of these samples. The program was designed to understand the geology of previously discovered high-grade auriferous quartz veins for follow-up exploration and drilling.
Previous assay results returned significant high-grade gold and silver grab samples near Halfway Lake, termed the "Hot Zone." The Hot Zone is a 700 meter x 200 meter area of intense deformation. Two sub-parallel surface veins were intermittently exposed within this zone, with strike lengths of 100 meters and 50 meters (PR June 23, 2011), which has been the focus of ongoing exploration:
Vein 1 Grab Samples (+100 m Strike Length)
- 199.0 g/t Au and 371 g/t Ag
- 80.1 g/t Au and 286 g/t Ag
- 59.7 g/t Au and 189 g/t Ag
Vein 2 Grab Samples (+50 meter Strike Length)
- 45.1 g/t Au and 161 g/t Ag
- 26.7 g/t Au and 101 g/t Ag
- 10.5 g/t Au and 69 g/t Ag
Pursuant to the terms of the option agreement, JOVG has the option to earn a 50-per-cent undivided interest in the Angelina property comprising approximately 2,337 hectares situated in southeast Manitoba. The option agreement provides that JOVG shall conduct a total minimum of $150,000 in exploration work on the property before February 15, 2015, $150,000 by February 15, 2016, $250,000 by February 15, 2017, $250,000 by February 15, 2018.
Source: http://www.strikepointgold.com/