100% Owned by StrikePoint but San Gold Corporation has Option

The Strike Point Project ("the Project") has a high degree of interest because of the proximity of the area to the recent high-grade discoveries in the Hinge Zone by San Gold Corporation ("San Gold"). The Strike Point Project boundary is approximately 750 metres WNW of the Rice Lake Mine and 1.25 km West of the portal for the Hinge Mine, both belonging to San Gold.

The structures on the Strike Point Project are the same rock types as the Hinge Zone volcanics plus the mine unit (San Antonio Mine or SAM unit) of Rice Lake Mine extends on to the Project as well. The structures and potential for extension of the Hinge Zone according to the San Gold geological model make this a highly prospective project for the Company.

The Project contains 24 claims which cover an area of 3132 ha. The Contact Project (not part of the Option agreement with San Gold) has two claims and covers an area of 532 ha. Access is excellent with many roads and trails through the properties.