StrikePoint Returns Poundmaker Property to Wildcat
22 Marzo 2011 - 11:30AM
PR Newswire (Canada)
CALGARY, March 22 /CNW/ -- (TSXV: SKP) (OTCQX: STKXF)
CALGARY, March 22 /CNW/ - StrikePoint Gold (TSXV: SKP) (OTCQX:
STKXF) announces that it will not acquire an interest in the
Poundmaker property not having completed the 2010 and 2011
expenditures required to earn an interest in the property. Wildcat
Exploration Ltd. (TSXV: WEL) has been advised of this decision and
both companies are working cooperatively to transfer technical data
and assessment work documentation to maintain the claims in good
standing. The Poundmaker Property was being explored under the
provisions of an option agreement with Wildcat Exploration (See
Press Release February 26, 2010). StrikePoint's decision to limit
optional expenditures were external to the merits of the Poundmaker
property, namely the decision to focus on the Strike Point Property
joint venture with San Gold Corporation (TSX: SGR); other 100%
owned properties in the Rice Lake gold belt, and on the Dufferin
Mine project in Nova Scotia. This press release has been reviewed
by Daniel A. Beauchamp, B.Sc., P.Geol., StrikePoint Gold's
Qualified Person under National Instrument 43-101. Neither TSX
Venture Exchange nor its 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. This
news release contains forward-looking statements relating to the
future operations of the Corporation and other statements that are
not historical facts. Any statements that are contained in this
news release that are not statements of historical fact may be
deemed to be forward-looking statements. Such forward-looking
statements are subject to important risks, uncertainties and
assumptions. The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of StrikePoint. As a result, we
cannot guarantee that any forward-looking statement will
materialize and the reader is cautioned not to place undue reliance
on any forward-looking information. Such information, although
considered reasonable by management at the time of preparation, may
prove to be incorrect and actual results may differ materially from
those anticipated. Forward-looking statements contained in this
news release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release are
made as of the date of this news release, and StrikePoint does
not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by Canadian securities law. To view this news release in
HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/March2011/22/c5196.html
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