Drill Test Holes At The Newly Discovered Ranch Trend

VANCOUVER – Gunpoint Exploration Ltd. reported on seven holes testing a newly discovered mineralized trend in the Talapoosa Project in Nevada.
Randy Reifel, Chairman and CEO, said, “The Ranch Trend is an exciting new, large, mineralized structural trend verified by a first pass scouting drill program. All the drill holes returned gold mineralization across multiple zones, and particularly RT-6, a discovery hole, with 47 meters of 1.1 g/t oxide gold. With close proximity to Talapoosa’s known mineral resource, we believe that further exploration on the Ranch Trend could expand the scale and growth opportunity for a larger, open pit mining plan at Talapoosa.”
Gunpoint completed a reverse circulation drill program on the Ranch Trend totaling 1,256 meters. The Ranch Trend is situated one kilometer northeast of the Talapoosa mineral resource area within a N70° W structural zone. The Ranch Trend straddles between the Talapoosa and Appaloosa Trends. A mineralized zone 2,500 meters along strike and up to 750 meters wide was identified through geological mapping, sampling and re-interpretation of historical data. Three target areas, Ranch Vein, CON-32 and CON-45, spaced approximately 800 meters apart, were initially drill tested.