Partially optioned from Wildcat and partially 100% owned by Strikepoint
The Poundmaker Project area is composed of two blocks. The Poundmaker Main Block which was optioned from Wildcat Exploration Ltd. ("Wildcat") until Mar 1, 2011 consisted of 72 claims that covered 11,980ha. The Poundmaker North Block is owned 100% by StrikePoint and consists of 2 claims that cover 415 ha.
The Poundmaker occurrence is underlain by foliated hornblende-quartz diorite which has been sheared along a structure trending 310° along which quartz veins have been mapped underground and on surface over a strike length of 600m and up to 15m wide.
Total historical production is estimated at 645 oz, and samples from the muck pile have been reported at 0.9-20.2 g/t Au and in 1923, and the average grade was reported as 33 g/t Au in the upper two levels.
The Rio Gold zone was identified by Wildcat and represents a series of quartz veins striking northeast that have been tested by 30 trenches over a area of about 600m×2500m. Analyses of grab samples from the quartz vein gave values of 0.24-50.1 g/t Au in 48 samples.
Off the project areas to the west-central part of the property, the Grand Central occurrence where a 1m shear zone in granodiorite from a quartz vein 30-40 cm wide. Government surveys report mining of 930g of gold from 272 tonnes of rock (3.4 g/t Au). Three grab samples from the muck pile were reported as 1.0-40.5 g/t Au.
The Clinton occurrence contains millerite (NiS) in a shear zone containing ankerite in serpentinized pyroxenite.
At the EWL-1 occurrence, 17 drill holes intersected 1-24m sections of sedimentary rocks and iron formation with 5-30% pyrite and pyrrhotite from which six samples reported 0.34-4.11 g/t Au and up to 0.48% Cu.
2010 was diamond drilling in the Rio Zone during the winter followed in the summer by additional prospecting and mapping near Rio and South and southeast to evaluate known mineral occurrences in several geological environments.
At the end of Q1 2011 the property was returned to Wildcat.
Maps