Strikepoint Gold Inc. announced it has acquired an option to earn a 100% interest in the Lobstick Gold Property located in the Western Wabigoon Subprovince, Lobstick Township, Ontario within the Rowan Lake Greenstone Belt. The Lobstick property consists of 32 claim units totalling 512 hectares located 50 kilometres southeast of Kenora, Ontario. The property is readily accessible by logging roads and 10 km east of Hwy 71.

The alteration is highly anomalous in gold mineralization and historical drilling confirms this scenario, with an intercept in the Main Zone assaying 38.95 m of 0.63 g /t Au (DDH LB01-03). Of noteworthiness, the Main Zone, hosting this intercept, is only drilled to a maximum depth of approximately 25 vertical meters. In the Wabigoon Region, New Gold and Bayfield Ventures are using these lower grade mineralizing envelopes as exploration guides on the Rainy River/Burns Block Projects to delineate higher grade gold discoveries down dip/plunge of lower grade mineralization that is delineated for a low-grade open pit scenario.

Strikepoint's management believes this property represents an excellent discovery-stage opportunity. The rock types in the area are similar to the Cameron Lake and Goliath gold deposits in the region. Sedimentary rocks in the hanging wall of the shear zone suggest similar geometry to Treasury Metal's Goliath Gold Deposit and Barrick's Hemlo Gold Mines; acting as both cap rocks and focusing mineralizing fluids.

Exploration plans will include geophysics and diamond drilling.