Permit Received For Drilling On Pony Meadows Target

VANCOUVER – StrikePoint Gold Inc. announced the confirmation from the Bureau of Land Management of Nevada (BLM) that the Company’s Notice of Intent to Explore has been reviewed and concluded that the Notice is complete and the proposed exploration approved. StrikePoint is approved for a total of three drill pads at the Pony Meadows Target with a minor amount of associated drill road disturbance.
Michael G. Allen, President and CEO, said, “The Pony Meadows Target is interpreted to be a large-scale ring structure, similar to the structures that host significant gold mineralization further to the north of our Hercules Gold Project. We are particularly excited as surface exploration at Pony Meadows has revealed a mapped structure of approximately 2.6 kilometres, and we have successfully panned gold from the vein that occupies this structure.”
In addition to the Pony Meadows drill permit, the Company has two additional drill permits for the southern portion of the Hercules Gold Project, one at Sirens and a second at the Como Comet showing.
The Sirens showing received a minor amount of historical drilling in 2008. Notable results included 38.10 metres (“m”) grading 0.64 grams per tonne (“g/t”) gold (“Au”), ending in 0.85 g/t Au, as well as 25.91m of 0.68 g/t Au ending in 0.91 g/t Au. The fact these holes end in significant gold grade indicates that the target has not been adequately tested.
The Como Comet showing is located between the Como District controlled by Newmont Mining Corporation and the past producing Hully Logan Mine. Surface sampling of up to 5.0 g/t Au have been received and many significant historical drill intercepts have been noted in the area.