Latest news with #MichaelG.Allen
Yahoo
23-05-2025
- Business
- Yahoo
StrikePoint Completes Sale of Porter Idaho Project to Dolly Varden Silver
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2025) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce that further to its news release dated May 8, 2025, it has completed the sale of the Porter Idaho Project to Dolly Varden Silver Corporation ("Dolly Varden"). StrikePoint completed the sale of the Porter Idaho Project to Dolly Varden for consideration of $1,100,000, which was satisfied through the issuance of 295,699 common shares in the capital of Dolly Varden at a deemed price of $3.72 per share. Michael G. Allen, President and CEO of StrikePoint said, "The sale of this non-core asset to Dolly Varden allows us to focus on our gold projects in Nevada's Walker Lane. We recently completed a successful spring drill program on the Hercules Gold project with all holes returning significant gold grades. Near surface oxide gold deposits in Tier 1 jurisdictions are increasingly rare, but recent exploration successes in the Walker Lane have highlighted the potential of this part of Nevada." For further information on recent drilling on the Hercules Gold Project, please refer to the Company's May 5, 2025 new release. About StrikePoint Headed by CEO Michael G. Allen, StrikePoint is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and in Canada. Mr. Allen has been working in the Walker Lane for the last 15 years, with multiple transactions completed in that timeframe including the acquisition of the Sterling Gold Project, located near Beatty, Nevada, and the sale of Northern Empire to Coeur Mining for approximately $120 million. The Sterling Gold Project is now part of AnglogGold Ashanti's "Expanded Silicon" project. In addition, Mr. Allen was the past President and CEO of Elevation Gold Mining Corporation, which operated Arizona's largest gold mine. The Management and Board of StrikePoint has strong expertise in exploration, finance and engineering. StrikePoint is rapidly becoming one of its largest holders of mineral claims with approximately 145 square kilometers of prospective geology under claim, encompassing two district scale projects, the Hercules Gold Project and the Cuprite Gold Project. ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC. "Michael G. Allen" Michael G. AllenPresident, Chief Executive Officer & Director For more information, please contact: StrikePoint Gold HendersonT: (604) 551-2360E: kh@ Cautionary Statement on Forward-Looking Information Certain statements made and information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "speculates", "could" or "would". All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward-looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law. Neither the 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. To view the source version of this press release, please visit
Yahoo
15-05-2025
- Business
- Yahoo
StrikePoint to Present at the Precious Metals & Critical Metals Hybrid Investor Conference on May 22nd
StrikePoint invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- StrikePoint Gold (SKP: TSX.V) (STKXF: OTCQB) based in Vancouver, BC, with gold assets in Nevada, today announced that CEO Michael G. Allen will present live at the Precious Metals & Critical Metals Hybrid Investor Conference, hosted by on May 22nd, 2025. DATE: May 22nd, 2025 TIME: 10:00 AM ET LINK: REGISTER HERE This will be a live, interactive in-person and online event where investors are invited to ask the company questions in real-time. If you would like to attend in-person, please email johnv@ for an attendee pass. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at Recent Company Highlights May 8 - StrikePoint Signs Definitive Agreement to Sell BC Property for C$1.1 Million May 5 - StrikePoint Drills Broad Zones of Near Surface Oxide Gold at the Hercules Gold Project, Nevada April 28 - StrikePoint Drills Near-Surface High Grade Oxide Gold at the Hercules Gold Project, Nevada March 3- StrikePoint Reports Exploration Target on Hercules Gold Project About Strikepoint Gold Headed by CEO Michael G. Allen, StrikePoint is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and in Canada. Mr. Allen has been working in the Walker Lane for the last 15 years, with multiple transactions completed in that timeframe including the acquisition of the Sterling Gold Project, located near Beatty, Nevada, and the sale of Northern Empire to Coeur Mining for approximately $120 million. The Sterling Gold Project is now part of AnglogGold Ashanti's 'Expanded Silicon' project. In addition, Mr. Allen was the past President and CEO of Elevation Gold Mining Corporation, which operated Arizona's largest gold mine. The Management and Board of StrikePoint has strong expertise in exploration, finance and engineering. StrikePoint is rapidly becoming one of the largest holders of mineral claims within the Walker Lane of Nevada with approximately 145 square kilometers of prospective geology under claim, encompassing two district scale projects, the Hercules Gold Project and the Cuprite Gold Project. About Virtual Investor Conferences® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. Qualified Person Statement All technical data, as disclosed in this press release, has been verified by Michael G. Allen, P. Geo, President and CEO of the Company. Mr. Allen is a qualified person as defined under the terms of National Instrument 43-101. CONTACTS: Strikepoint Gold Inc. Knox HendersonT: (604) 551-2360E: kh@ W: Virtual Investor Conferences John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@ Cautionary Statement on Forward Looking Information Certain statements made and information contained herein may constitute "forward looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", 'speculates', "could" or "would". All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward–looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law. 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 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-05-2025
- Business
- Yahoo
StrikePoint Drills Broad Zones of Near Surface Oxide Gold at the Hercules Gold Project, Nevada
H25005 intercepts 12.19m of 2.17 g/t Au and 9.55 g/t AgWithin 117.35m of 0.45 g/t Au and 3.55 g/t AgH25006 cuts 10.67m of 1.17 g/t Au and 18.13 g/t Ag starting at surfaceAnd 44.20m of 0.35 Au and 4.34 g/t Deposits remain open Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company"), is pleased to announce final assay results from its Spring 2025 drill program on the Hercules Gold Project located in Nevada's prolific Walker Lane. Michael G. Allen, President and CEO of StrikePoint said, "This drill program successfully demonstrated that the Hercules Gold Project has a predictable, large, epithermal footprint hosting abundant near surface oxide gold. Our geological model for the project has been confirmed and we believe that the mineralization at Hercules shows the grade and consistency to move forward with the project. Holes 5 and 6 were particularly interesting as they delivered strong mineralization at the southern extremes of the target areas, indicating that the mineralizing systems remain robustly open." (Video: Strikepoint CEO Michael Allen reviews results: Cannot view this video? Visit: Hercules Gold Project May 5, 2025, Drill Results Hole ID From (m) To (m) Length (m) Au (g/t) Ag (g/t) H25005 187.45 304.80 117.35 0.45 3.55 incl. 210.31 222.50 12.19 2.17 9.55 H25006 0.00 10.67 10.67 1.17 18.13 incl. 0.00 6.10 6.10 1.90 29.90 and 66.58 112.78 44.20 0.35 4.34 incl. 92.96 99.06 6.10 0.83 14.73 H25007 121.92 124.97 3.05 0.50 2.45 and 138.68 141.73 3.05 0.59 5.33 Length reported above is sample length, there is insufficient data to estimate true thickness. Drilling Discussion: The Company completed 7 drillholes totaling approximately 1,400 meters of reverse circulation drilling in March of 2025 on the Hercules Gold Project. All seven holes hit near surface gold in significant quantities. Initial results were reported in the Company's April 28, 2025 news release. Complete drill results from the Spring 2025 program are presented below. Hole H25005 which cut 117.35 m of 0.45 g/t Au with 3.55 g/t Ag is the furthest south drilling on the Cliffs target to date and shows that the system remains open to the south. The next nearest hole to the to H25005 is hole H20040 which returned 39.62m of 1.12 g/t Au with 5.38 g/t Ag. These two holes give a strong indication of the strength of the mineralization at the southern portion of the Cliffs Target. Similarly, H250006 encountered 10.67m of 1.17 g/t Au and 18.13 g/t Ag starting at surface with an additional 44.20m of 0.35 g/t Au and 4.34 g/t Ag showing that multiple zones of the Hercules showing are also open to the south. Hole H25007 was drilled to test a geochemical anomaly to the east of the Loaves showing and hit two zones of encouraging grades. As expected, shallower gold intercepts showed higher cyanide solubility than deeper intercepts. Comparing cyanide soluble gold assays to fire assays showed that cyanide solubility ranged between 89% and 32% on a per hole basis. With drilling and subsequent testwork showing abundant near surface cyanide soluble gold, the Company is optimistic of the potential of an open pit heap leach operation at the Hercules Gold Project. Figure 1: Hercules Gold Project Spring 2025 Drill Collars To view an enhanced version of this graphic, please visit: About the Hercules Gold Project Located approximately 1 hour from Reno, Nevada, the Hercules Gold Project consists of 1,323 unpatented claims, and four patented claims covering approximately 100 square kilometers. The Company bought the Hercules Gold Project for $250,000 in August of 2024. The Hercules Gold Project features an Exploration Target, as defined by NI 43-101, as follows: Hercules Gold Project Exploration Target Model * Exploration Target Tonnage Range (tonnes) Grade Range (g/t) Au 40,300,000 - 65,600,000 0.48 - 0.63 * The stated potential quantity and grade is conceptual in nature, and there has not been sufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The Exploration Target Model has not been evaluated for reasonable prospects of eventual economic extraction. The Exploration Target expressed should not be misrepresented or misconstrued as an estimate of a mineral resource or mineral reserve. The Exploration Target was developed using historical drilling, trenching data, and gold assay results. Mineralization trends were evaluated using Artificial Intelligence ("AI") to generate a trend model, which informed the construction of grade shells in combination with current geological understanding. These grade shells were used to estimate the distribution of mineralized tonnes and to support the generation of grade-tonnage curves. The Exploration Target and AI generated model will be utilized to guide future drilling in these areas of known mineralization. The Exploration Target used data from the Sirens, Hercules, Cliffs, Loaves, Lucky Rusty, Rattlesnakes, and Northeast showings on the Hercules Gold Project. In this area there are a total of 306 historical drillholes yielding a total of 31,776 meters in the drillhole database along with data for 121 surface trenches. The drillhole database contains a total of 18,409 sample interval entries, with the trenches providing another 475 sample entries. A total of 5,620 sample intervals are contained within the mineralization domains utilized for the Exploration Target. Using the Exploration Target as a guide, the Company drilled 7 holes into the Hercules Gold Project in the Spring of 2025, complete results are presented below. Hercules Gold Project Spring 2025, Complete Drill Results Hole ID From (m) To (m) Length (m) Au (g/t) Ag (g/t) H25001 4.57 9.14 4.57 0.22 7.37 and 12.18 41.11 28.93 0.45 6.05 incl. 30.45 36.54 6.09 1.04 14.27 and 62.42 80.69 18.27 0.61 4.66 incl. 66.99 73.08 6.09 1.33 10.38 H25002 0.00 18.29 18.29 0.30 1.68 and 89.92 115.82 25.91 0.55 2.73 H25003 0.00 3.05 3.05 0.23 1.60 and 19.81 25.91 6.10 0.43 2.28 and 30.48 60.96 30.48 0.37 3.57 incl 32.00 35.05 3.05 0.97 4.50 and 73.15 86.87 13.72 0.25 2.37 H25004 0.00 32.04 32.04 0.54 4.62 incl 0.00 4.57 4.57 1.14 10.53 and incl 24.38 30.48 6.10 1.50 11.75 and 103.63 121.92 18.29 0.30 3.12 H25005 187.45 304.80 117.35 0.45 3.55 incl. 210.31 222.50 12.19 2.17 9.55 H25006 0.00 10.67 10.67 1.17 18.13 incl. 0.00 6.10 6.10 1.90 29.90 and 66.58 112.78 44.20 0.35 4.34 incl. 92.96 99.06 6.10 0.83 14.73 H25007 121.92 124.97 3.05 0.50 2.45 and 138.68 141.73 3.05 0.59 5.33 Hercules Gold Project May 5 2025, Drill Hole Information HoleID Az Inc. Hole Length (m) H25001 290 -45 152.44 H25002 300 -60 160.06 H25003 360 -90 152.44 H25004 320 -60 152.44 H25005 270 -45 382.62 H25006 270 -45 250 H25007 300 -45 155.49 For further information on the Exploration Target on the Hercules Gold Project refer to the Company's March 3, 2025 release. About Nevada Nevada is one of the most globally recognized mining jurisdictions in the world, with over 218 million ounces of gold produced to date. Multiple operators in the state, including Nevada Gold Mines (Barrick/Newmont), Kinross, SSR Mining, McEwan Mining, Integra Resources and Calibre Mining. Many of the operations are open pit, heap leach operations, producing at similar grades to the Exploration Target defined on the Hercules Gold Project. About StrikePoint Headed by CEO Michael G. Allen, StrikePoint is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and in Canada. Mr. Allen has been working in the Walker Lane for the last 15 years, with multiple transactions completed in that timeframe including the acquisition of the Sterling Gold Project, located near Beatty, Nevada, and the sale of Northern Empire to Coeur Mining for approximately $120 million. The Sterling Gold Project is now part of AnglogGold Ashanti's "Expanded Silicon" project. In addition, Mr. Allen was the past President and CEO of Elevation Gold Mining Corporation, which operated Arizona's largest gold mine. The Management and Board of StrikePoint has strong expertise in exploration, finance and engineering. StrikePoint is rapidly becoming one of its largest holders of mineral claims with approximately 145 square kilometers of prospective geology under claim, encompassing two district scale projects, the Hercules Gold Project and the Cuprite Gold Project. In addition, the Company controls two advanced-stage exploration assets in British Columbia's Golden Triangle: the past-producing high-grade silver Porter-Idaho Project and the high-grade gold Willoughby Project. QA/QC Samples were split in the field using industry standard techniques. Samples were sealed in individual numbered bags prior to shipment to ALS Global in Reno, Nevada for sample preparation, prior to assaying in ALS Global facilities in North Vancouver. Gold is determined by fire-assay fusion of a 30-gram sub-sample with atomic absorption spectroscopy (AAS). Various metals including silver, arsenic, and antimony are analyzed by inductively-coupled plasma (ICP) atomic emission spectroscopy, following multi-acid digestion. ALS Geochemistry meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. ALS Global operates according to the guidelines set out in ISO/IEC Guide 25. The Company maintains a robust QA/QC program that includes the collection and analysis of duplicate samples and the insertion of blanks and standards (certified reference material). Qualified Person Statement All technical data, as disclosed in this press release, has been verified by Michael G. Allen, P. Geo, President and CEO of the Company. Mr. Allen is a qualified person as defined under the terms of National Instrument 43-101. ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC. "Michael G. Allen" Michael G. AllenPresident, Chief Executive Officer & Director For more information, please contact: StrikePoint Gold HendersonT: (604) 551-2360E: kh@ Cautionary Statement on Forward Looking Information Certain statements made and information contained herein may constitute "forward looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "speculates", "could" or "would". All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward-looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law. 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. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
17-04-2025
- Business
- Yahoo
StrikePoint Files NI 43-101 Technical Report Outlining Exploration Target of Between 819,000 and 1,018,000 oz Au on the Hercules Gold Project in Nevada's Walker Lane, Completes Drill Program
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2025) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce the filing of its first technical report on the 100%-owned Hercules Gold Project ("Hercules") located in the prolific Walker Lane, Nevada. Michael G. Allen, President and CEO of StrikePoint notes, "Since acquiring the Hercules Gold Project in September 2024 for $250,000, the Company has begun rapidly advancing the project. We have summarized the efforts of previous operators and established the Exploration Target. In addition, we were quick to mobilize for our initial drilling program with the goal of confirming and expanding the known mineralization at Hercules. Our initial campaign completed 7 drillholes totaling approximately 1,400 meters, with all samples currently in process and the results to be released shortly." Report Conclusions The technical report includes a drill defined, bulk tonnage Exploration Target prepared in accordance with the guidelines set forth in National Instrument ("NI") 43-101, the report establishes a baseline Exploration Target (the "Exploration Target") for Hercules ranging between 819,000 and 1,018,000 ounces of gold ("Au") within 40.3 million to 65.6 million tonnes of mineralized material at an estimated grade range between 0.48 and 0.63 grams per tonne ("g/t") Au. The quantity and grade are conceptual in nature, as there has not been sufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The Exploration Target expressed should not be misrepresented or misconstrued as an estimate of a mineral resource or mineral reserve. The Exploration Target Model has not been evaluated for reasonable prospects of eventual economic extraction. The authors of the technical report are Mr. Michael B. Dufresne, P. Geol., P. Geo, Ms. Fallon T. Clarke, and Mr. Christian Bohm, Ph.D., of APEX Geoscience Ltd. The Authors are independent Qualified Persons as defined in NI 43-101. Exploration Target Table 1: Hercules Gold Project Exploration Target Model * Exploration Target Tonnage Range (tonnes) Grade Range (g/t) Au Au Oz Range 40,300,000 - 65,600,000 0.48 - 0.63 819,000 - 1,018,000 * The stated potential quantity and grade is conceptual in nature, and there has not been sufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The Exploration Target Model has not been evaluated for reasonable prospects of eventual economic extraction. The Exploration Target expressed should not be misrepresented or misconstrued as an estimate of a mineral resource or mineral reserve. The Exploration Target was developed using historical drilling, trenching data, and gold assay results. Mineralization trends were evaluated using Artificial Intelligence ("AI") to generate a trend model, which informed the construction of grade shells in combination with current geological understanding. These grade shells were used to estimate the distribution of mineralized tonnes and to support the generation of grade-tonnage curves. The Exploration Target and AI generated model will be utilized to guide future drilling in these areas of known mineralization. The Exploration Target used data from the Sirens, Hercules, Cliffs, Loaves, Lucky Rusty, Rattlesnakes, and Northeast showings on the Hercules Gold Project. In this area there are a total of 306 historical drillholes yielding a total of 31,776 meters in the drillhole database along with data for 121 surface trenches. The drillhole database contains a total of 18,409 sample interval entries, with the trenches providing another 475 sample entries. A total of 5,620 sample intervals are contained within the mineralization domains utilized for the Exploration Target. Numerous targets remain untested and the previous drilled showings remain open for further expansion and potentially conversion to mineral resources. Figure 1: Hercules Gold Project Exploration Target Model To view an enhanced version of this graphic, please visit: Of note, there is insufficient data in the historical database to provide silver ("Ag") grade estimates. The drillhole and trench database contains a total of 5,520 samples with greater than or equal to 0.1 g/t Au and coincident Ag analyses. The average Ag to Au ratio of those samples is 9.73:1. Silver was not modelled as part of the Exploration Target. Drilling The Company completed 7 drillholes into the northern portion of the Hercules Gold Project testing the Hercules, Cliffs and Loaves targets. All drillholes visually returned alteration and silicification that is consistent with gold mineralization in previous drill campaigns. All samples from the drillholes are at the assay lab and results will be released as they become available. Figure 2: Hercules Gold Project 2025 Drill Collars To view an enhanced version of this graphic, please visit: Qualified Persons All technical data, as disclosed in this news release, has been verified by Michael G. Allen, P. Geo, President and CEO of the Company. Mr. Allen is a qualified person as defined under the terms of NI 43-101. The Hercules Gold Project Exploration Target was completed by Mr. Michael Dufresne, President and CEO of APEX, an independent Qualified Person as defined by NI 43-101. Mr. Dufresne has approved of the technical disclosure herein. About StrikePoint StrikePoint is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and in Canada. Both the Hercules Gold Project and the Cuprite Gold Project are located in Nevada's Walker Lane Gold Trend where StrikePoint is rapidly becoming one of its largest holders of mineral claims with approximately 145 square kilometers of prospective geology under claim. The Walker Lane hosts AngloGold Ashanti's multi-million once Silicon Gold and Merlin discoveries and Kinross's Tier - 1 Round Mountain Mine. In addition, the Company controls two advanced-stage exploration assets in British Columbia's Golden Triangle: the past-producing high-grade silver Porter-Idaho Project and the high-grade gold Willoughby Project. ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC. "Michael G. Allen" Michael G. AllenPresident, Chief Executive Officer & Director For more information, please contact: StrikePoint Gold Henderson, Investor RelationsT: (604) 551-2360E: kh@ Cautionary Statement on Forward-Looking Information This release contains forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential", and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of StrikePoint to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information in this release relates to, among other things, the Hercules Gold Project technical report information, the results of previous field work, historical programs and current exploration activities and review work, interpretation of the nature of the mineralization at the Company's projects and the comparisons of mineralization on the StrikePoint's projects to other projects not owned by StrikePoint, results of any future mineral resource estimates on any project owned by the Company, the potential to grow our projects, the potential to expand the mineralization and our beliefs about the unexplored portion of the Company's projects, including the Hercules Gold Project. These forward-looking statements are based on management's current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the Company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its exploration and operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law. For additional information on risks and uncertainties, see the Company's most recently filed annual information form ("AIF"), annual management discussion & analysis ("MD&A") and information circular (the "Circular"), all of which are available on SEDAR at The risk factors identified in the AIF and MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company. Neither the TSX Venture Exchange ("TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
03-03-2025
- Business
- Yahoo
StrikePoint Reports Exploration Target on Hercules Gold Project of Between 819,000 and 1,018,000 Ounces Au Grading Between 0.48 and 0.63 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2025) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce the conclusion of its first technical report on the Hercules Gold Project located in Nevada's prolific Walker Lane, including the establishment of a drill defined, bulk tonnage Exploration Target. Michael G. Allen, President and CEO of StrikePoint commented, "This initial technical report is a significant step in providing valuable information on the Hercules Gold Project and as to the opportunity and potential size and scope of this recently acquired asset. The Exploration Target reviewed the current and historical drilling on the project, but most notably we believe this previous drilling has only scratched the surface of this project's potential, as we have multiple untested geophysical and geochemical targets, some of which include visible gold at surface. We believe that the Hercules Gold Project has the potential to be Nevada's next multi-million ounce gold resource." Report Conclusions In accordance with the guidelines set forth in the National Instrument ("NI") 43-101, the report establishes a baseline Exploration Target (the "Exploration Target") for the Hercules Gold Project ranging between 819,000 and 1,018,000 ounces of Gold ("Au") within 40.3 million to 65.6 million tonnes of mineralized material with an estimated grade range between 0.48 and 0.63 grams per tonne ("g/t") Au. The quantity and grade are conceptual in nature, and there has not been sufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The Exploration Target Model has not been evaluated for reasonable prospects of eventual economic extraction. The technical report is being completed by Mr. Michael Dufresne, President and CEO of APEX Geoscience Ltd. ("APEX"), an independent Qualified Person as defined by NI 43-101. The technical report will include details on the Exploration Target Model (the "Exploration Target Model") highlighted below and will be available on SEDAR ( within 45 days of this news release. Exploration Target Table 1: Hercules Gold Project Exploration Target Model * Exploration Target Tonnage Range (tonnes) Grade Range (g/t) Au Au Oz Range 40,300,000 - 65,600,000 0.48 - 0.63 819,000 - 1,018,000 * The stated potential quantity and grade is conceptual in nature, and there has not been sufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The Exploration Target Model has not been evaluated for reasonable prospects of eventual economic extraction. The Exploration Target was completed utilizing a grade shell model in conjunction with the geological understanding of the mineralization to date. The grade shells were then utilized to provide grade tonnage curves with an Artificial Intelligence ("AI") estimated model that utilized the drillhole gold assays and kriging. The Exploration Target and AI generated model will be utilized to guide future drilling in these areas of known mineralization. The Exploration Target used data from the Sirens, Hercules, Cliffs, Loaves, Lucky Rusty, Rattlesnakes, and NorthEast showings on the Hercules Gold Project. In this area there are a total of 306 historical drillholes yielding a total of 31,776 m in the drillhole database along with data for 121 surface trenches. The drillhole database contains a total of 18,409 sample interval entries, with the trenches providing another 475 sample entries. A total of 5,620 sample intervals are contained within the mineralization domains utilized for the Exploration Target. Numerous targets remain untested and the previously drill showings remain open for further expansion and potentially conversion to mineral resources. Figure 1: Hercules Gold Project Exploration Target Model To view an enhanced version of this graphic, please visit: Of note, there is insufficient data in the historical database to provide silver grade estimates. The drillhole and trench database contains a total of 5,520 samples with greater than or equal to 0.1 g/t Au. The average Ag to Au ratio of those samples is 9.73:1. Silver was not modelled as part of the Exploration Target. Figure 2: Hercules Gold Project Map To view an enhanced version of this graphic, please visit: Qualified Persons All technical data, as disclosed in this news release, has been verified by Michael G. Allen, P. Geo, President and CEO of the Company. Mr. Allen is a qualified person as defined under the terms of NI 43-101. The Hercules Gold Project Exploration Target was completed by Mr. Michael Dufresne, President and CEO of APEX, an independent Qualified Person as defined by NI 43-101 and he has approved of the disclosure herein. About StrikePoint StrikePoint is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and in Canada. Both the Hercules Gold Project and the Cuprite Gold Project are located in Nevada's Walker Lane Gold Trend where StrikePoint is rapidly becoming one of its largest holders of mineral claims with approximately 145 square kilometers of prospective geology under claim. The Walker Lane hosts AngloGold Ashanti's multi-million once Silicon Gold and Merlin discoveries and Kinross's Tier - 1 Round Mountain Mine. In addition, the Company controls two advanced-stage exploration assets in British Columbia's Golden Triangle: the past-producing high-grade silver Porter-Idaho Project and the high-grade gold Willoughby Project. ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC. "Michael G. Allen" Michael G. AllenPresident, Chief Executive Officer & Director For more information, please contact: StrikePoint Gold Henderson, Investor RelationsT: (604) 551-2360E: kh@ Cautionary Statement on Forward-Looking Information This release contains forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential", and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of StrikePoint to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information in this release relates to, among other things, the Hercules Gold Project technical report information, the results of previous field work, historical programs and current exploration activities and review work, interpretation of the nature of the mineralization at the Company's projects and the comparisons of mineralization on the StrikePoint's projects to other projects not owned by StrikePoint, results of any future mineral resource estimates on any project owned by the Company, the potential to grow our projects, the potential to expand the mineralization and our beliefs about the unexplored portion of the Company's projects, including Hercules Gold Project. These forward-looking statements are based on management's current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the Company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its exploration and operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law. For additional information on risks and uncertainties, see the Company's most recently filed annual information form ("AIF"), annual management discussion & analysis ("MD&A") and information circular (the "Circular"), all of which are available on SEDAR at The risk factors identified in the AIF and MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company. Neither the TSX Venture Exchange ("TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release. To view the source version of this press release, please visit Sign in to access your portfolio
