Strikepoint Completes Sale of Yukon Properties to Snowline Gold
Vancouver, British Columbia — October 20, 2022 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V) (STKXF:OTCQB) is pleased to announce that, further to the Company’s news release dated September 20, 2022, the Company has completed the sale of substantially all of StrikePoint’s Yukon properties to Snowline Gold (“Snowline”) (CSE: SGD) (OTCQB: SNWGF) . As consideration for the properties, StrikePoint received from Snowline a cash payment of $500,000 and 500,000 common shares of Snowline (with an approximate value based on current market of $1,375,000).
The properties sold include: Golden/Nug/Oly, Can East, Horn, How, MacEast, Nordic, Otter, PPM, TET and Tintina. The projects are located mainly in the Mayo and Watson Lake Mining districts. The Golden Oly project an intrusive-related gold system, located approximately 75 kilometers south of Snowline Gold’s flagship Rogue.
About StrikePoint
StrikePoint Gold is an exploration company focused on discovering high-grade precious metals resources in Canada. The Company controls two advanced-stage exploration assets in BC’s Golden Triangle. The past-producing Porter silver project and the Willoughby gold project, located adjacent to Ascot Gold’s Red Mountain development project.
ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC.
“Shawn Khunkhun”
Shawn Khunkhun Chief Executive Officer and Director
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.
Neither the TSX Venture Exchange nor it’s Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.strikepointgold.com