SKP Strikepoint Gold Inc

CALGARY, Aug. 15, 2011 /CNW/ -- SKP: TSXV   STKXF: OTCQX CALGARY, Aug. 15, 2011 /CNW/ - StrikePoint Gold (TSXV:SKP) (OTCQX: STKXF) announces that drilling has commenced on StrikePoint's 100% owned Angelina property in Manitoba's Rice Lake gold belt. The drill program, described in our press release of July 7, 2011, was delayed due to the difficulty in coordinating a drill crew and leasing a helicopter during the forest fire season. The proposed initial program consists of a total of 600m of drilling in five or six holes from two set-ups spaced about 100m apart in the centre of the zone that reported 0.14 to 6.41 g/t Au from 12 grab samples. Four additional grab samples from this area graded 26.65 to 199.0 g/t Au. Only two of these rock samples were assayed for silver but reported 26.9 and 101.0 g/t Ag. The grab samples results were reported in our press release of June 23, 2011 which contains maps showing the simplified geology, geophysics and sample locations of the Angelina, available at: www.strikepointgold.com. It should be noted that grab samples are selective by nature and their analytical results cannot be depended upon to estimate average grades on the property. 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/August2011/15/c3772.html p Investor Relationsbr/ Toll Free: 1(877)317-1660br/ a href="mailto:info@strikepointgold.com"info@strikepointgold.com/a /p

Copyright