Gunpoint's Scout Program Drills 47 Meters of 1.1 g/t Oxide Gold in Newly Identified Ranch Trend
Gunpoint's Scout Program Drills 47 Meters of
1.1 g/t Oxide Gold in Newly Identified Ranch
Trend
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2026) - Gunpoint Exploration Ltd. (TSXV:
GUN) ("Gunpoint" or the "Company") is pleased to announce the Company's first drill results from seven
holes testing a newly discovered mineralized trend ("Ranch Trend") in the Talapoosa Project
("Talapoosa") in Nevada.
Randy Reifel, Chairman and CEO of Gunpoint commented: "The Ranch Trend is an exciting new, large,
mineralized structural trend verified by a first pass scouting drill program. All the drill holes returned gold
mineralization across multiple zones, and particularly RT-6, a discovery hole, with 47 meters of 1.1 g/t
oxide gold. With close proximity to Talapoosa's known mineral resource, we believe that further
exploration on the Ranch Trend could expand the scale and growth opportunity for a larger, open pit
mining plan at Talapoosa."
Gunpoint completed a reverse circulation drill program on the Ranch Trend in January totaling 1,256
meters. The Ranch Trend is situated one kilometer northeast of the Talapoosa mineral resource area
within a N70° W structural zone. The Ranch Trend straddles between the Talapoosa and Appaloosa
Trends (see map). A mineralized zone 2,500 meters along strike and up to 750 meters wide was
identified through geological mapping, sampling and re-interpretation of historical data. Three target
areas, Ranch Vein, CON-32 and CON-45, spaced approximately 800 meters apart, were initially drill
tested.
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Drilling highlights:
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RANCH VEIN
Hole RT-5 intersected 0.19 g/t oxide gold over 31 meters from 15 meters.
Hole RT-6 intersected 0.51 g/t oxide gold over 100 meters from 50 meters, including 47 meters of 1.1 g/t
oxide gold from 50 meters, including 3.5 g/t oxide gold over 9.1 meters from 67 meters.
Hole RT-7 intersected 0.43 oxide g/t gold over 15 meters from 75 meters, and 0.47 g/t oxide gold over
20 meters from 114 meters.
CON-32
Hole RT-2 intersected 9.1 meters of 0.16 g/t oxide gold from 81 meters
Hole RT-3 intersected 4.6 meters of 0.37 g/t oxide gold from 63 meters.
Hole RT-4 intersected 1.3 oxide g/t gold over 9.1 meters from 137 meters, including 5.9 g/t oxide gold
over 1.5 meters from 142 meters.
CON-45
Hole RT-1 intersected 6.1 meters of 0.12 g/t oxide gold from 95 meters.
The three holes drilled in the Ranch Vein target discovered significant intervals of gold mineralization in
an area never previously drilled. Early interpretation suggests a robust N60-70W striking silicified,
steeply dipping, brecciated and quartz veined structure, consistent with the Talapoosa mineral resource.
The Ranch Vein can be traced on surface for several hundred meters and could extend under shallow
alluvial cover.
The drill holes in the CON-32 and CON-45 areas intersected low grade gold mineralization with elevated
trace element values in possibly steeply dipping structures and shallow dipping tabular body.
The initial drilling program was highly successful in encountering oxide gold mineralization over a 1.6
kilometer length along strike. The results from the three target areas suggest a strong, un-explored
hydrothermal system with higher grade gold mineralization along high angle structures and potential
lower grade mineralization in shallow dipping tabular zones. The discovery of a new emerging mineral
trend further highlights the district-scale exploration upside at Talapoosa.
A Phase two drilling program will focus on exploring the Ranch Vein along strike and testing several sub-
parallel veins and silicified structures to the south.
The Company also plans to drill the northwest and
southeast extensions of the known Talapoosa mineral resource area.
Table 1: Talapoosa Project RT-Series Drill Intercepts, >100 ppb Au, >10 ft
Hole Id
Target
Area
From
(m)
To
(m)
Width
(m)
From
(ft)
To
(ft)
Width
(ft)
Grade
(g/T Au)
RT-1
CON45
94.5
100.6
6.1
310
330
20
0.115
115.8
120.4
4.6
380
395
15
0.14
RT-2
CON32
80.8
89.9
9.1
265
295
30
0.162
RT-3
CON32
62.5
67.1
4.6
205
220
15
0.366
including
64.0
65.5
1.5
210
215
5
0.792
106.7
109.7
3.0
350
360
10
0.152
RT-4
CON32
39.6
44.2
4.6
130
145
15
0.148
137.2
146.3
9.1
450
480
30
1.237
including
141.7
143.3
1.5
465
470
5
5.88
RT-5
RANCH
VEIN
3.0
4.6
1.5
10
15
5
0.23
15.2
45.7
30.5
50
150
100
0.189
including
22.9
24.4
1.5
75
80
5
0.519
68.6
86.9
18.3
225
285
60
0.233
RT-6
RANCH
VEIN
13.7
22.9
9.1
45
75
30
0.154
27.4
30.5
3.0
90
100
10
0.139
36.6
47.2
10.7
120
155
35
0.142
50.3
96.0
47.2
165
315
155
1.101
including
67.1
76.2
9.1
220
250
30
3.45
RT-7
RANCH
VEIN
6.1
10.7
4.6
20
35
15
0.229
15.2
22.9
7.6
50
75
25
0.134
42.7
50.3
7.6
140
165
25
0.179
74.7
89.9
15.2
245
295
50
0.432
93.0
99.1
6.1
305
325
20
0.161
114.3
134.1
19.8
375
440
65
0.466
including
123.4
126.5
3.0
405
415
10
1.34
Table 2: Talapoosa Project RT-Series Drill Hole Location and Collar Data
Hole ID
UTM_E_m
UTM_N_m
Elev m
Azimuth
Inclination
Total Depth m
TD (ft)
RT-1
304,908
4,370,214
1,697
0
-90°
201.2
660
RT-2
305,465
4,369,662
1,669
0
-90°
231.6
760
RT-3
305,489
4,369,695
1,668
N10°E
-60°
243.8
800
RT-4
305,446
4,369,577
1,647
N40°E
-70°
182.9
600
RT-5
306,146
4,369,800
1,556
N40°E
-45°
91.4
300
RT-6
306,144
4,369,798
1,556
N40°E
-70°
121.9
400
RT-7
306,143
4,369,797
1,556
N40°E
-90°
182.9
600
Totals
1,256 m
4,120ft
Company Field Sample Collection and QA/QC
Representative drill samples were collected and bagged on five-foot (5ft) intervals (1.522 m), stored in
locked containers on site and periodically picked up by American Assay Laboratories ("AAL"), an
independent commercial laboratory accredited to ISO/IEC 17025:2017 for mineral analysis. AAL
operates under rigorous quality management systems. Drill site supervision was provided by on-site
geologists.
The Company implemented a rigorous QA/QC protocol consistent with NI 43-101 standards, including
the insertion of about 14% blanks and certified reference materials into the sample submittal stream.
Blanks: The Company regularly inserted a blank comprised of generically sourced sand every 10
samples (or 10.0%) to monitor potential contamination during sample preparation and analysis.
Certified reference materials ("CRM"): CRMs used in mineral exploration are used to assess analytical
accuracy and are usually rock powders comprised of known concentrations of the metal(s) of interest.
CRMs are usually obtained from commercial suppliers who provide the average of many analyses of the
CRMs by multiple labs, which is referred to as the certified value, and a standard deviation of the
analyses from which the certified value is determined. A typical criterion for accepting the analyses of
CRMs in the mineral industry is that they should fall within a range determined by the certified (or
"target") value ± three standard deviations ("3 STD"). Analytical accuracy was verified against three (3)
different certified reference materials for gold. The Company inserted a CRM standard for every 25
samples (or 4.0%).
The Company and QP are satisfied that the QA/QC results demonstrate the reliability of the assay data
and support the integrity of the gold grades reported herein.
Lab Assaying Methods and QA/QC
All sample preparation and analytical work was carried out by AAL, an independent commercial
laboratory accredited to ISO/IEC 17025:2017 for mineral analysis. AAL operates under rigorous quality
management systems.
Gold content is determined by AAL's Fire Assay method (IO-FAAu30), utilizing a 30g charge followed by
an ICP-OES analysis reported as ppm (parts per million). ICP-OES stands for Inductively Coupled
Plasma Optical Emission Spectroscopy, a well-established technique for determining elements in a
wide variety of samples.
The sample is fused in a ceramic crucible with litharge, sodium carbonate, borax, and flour. The resultant
25-50 gram lead button is cupelled in a magnesite cupel at 900°C for 60 minutes. The silver bead is
parted with nitric acid then hydrochloric acid. Gold, Palladium, and Platinum may be analyzed and
determined by this technique. ICP-OES reading after the digestion. Parted prills can be weighed and
reported as gold. Limitation: ICP readings typically have a +/- 3-5% variation.
Trace metal assaying was by AAL's IM-4AB28 trace element analysis: Samples were digested using a
near-total four-acid procedure (HNO
₃
, HF, HClO
₄
, HCl and H
3
BO
3
) and analyzed by ICP-MS and ICP-
OES. The 4AB technique is near total digestion.
AAL maintains strict internal QA/QC protocols, including the insertion of certified reference materials,
blanks, and duplicates with each batch of samples. These measures ensure that analytical results meet
internationally recognized standards of accuracy and reliability, consistent with the requirements of NI 43-
101 reporting.
The true width of mineralized intervals have not been established.
The Independent Qualified Person for this drill program is Kenneth N. Tullar, AIPG Certified Professional
Geologist (CPG-11142), who has reviewed and approved the scientific and technical content of this
release.
About Gunpoint Exploration Ltd.
Gunpoint has a 100% interest in the Talapoosa gold-silver project located in the Walker Lane Trend in
Nevada. Talapoosa hosts 1.0 million ounces of gold and 13.6 million ounces of silver (in the Measured
and Indicated categories) and 233,532 ounces of gold and 2,172,766 ounces of silver in the Inferred
category. See the technical report entitled "Technical Report and Resource Estimate on the Talapoosa
Project, Nevada" with an effective date of April 12, 2013 and prepared by Tetra Tech WEI Inc. ("Tetra
Tech") filed under the Company's profile on SEDAR+ at
www.sedarplus.ca
and on the Company's
website. In addition to the known mineral resource, two large subparallel trends, Ranch and Appaloosa,
within the land package could provide further district scale upside.
Messrs. Todd Kanhai, M.A Sc P.Eng., and Todd McCracken, P. Geo., from Tetra Tech are the Qualified
Persons for the Talapoosa Project Mineral Resource.
For more information on Gunpoint, please visit our website at
www.gunpointexploration.com
or contact
Randy Reifel, CEO, at (604) 731-2219.
GUNPOINT EXPLORATION LTD.
"P. Randy Reifel"
President and CEO
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 of accuracy of this
release.
Cautionary Note Regarding Forward-Looking Statements:
Certain statements contained in this news release constitute forward-looking Information under
applicable Canadian securities laws, including, without limitation, statements with respect to the belief
that further exploration on the Ranch Trend could expand the scale and growth opportunity for a larger,
open pit mining plan at Talapoosa, early interpretation suggesting a robust N60-70W striking silicified,
steeply dipping, brecciated and quartz veined structure, consistent with the Talapoosa mineral resource,
the Ranch Vein could extend under shallow alluvial cover, the results from the three target areas
suggesting a strong, unexplored hydrothermal system with higher grade gold mineralization along high
angle structures and potential lower grade mineralization in shallow dipping tabular zones, the discovery
of a new emerging mineral trend further highlighting the district-scale exploration upside at Talapoosa,
the Company's future drilling plans, the estimated mineral resources at the Company's Talapoosa
project and two large subparallel trends within the land package could provide further district scale
upside. These statements relate to future events or future performance. The use of any of the words
"could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and
statements relating to matters that are not historical facts are intended to identify forward-looking
information and are based on the Company's current belief or assumptions as to the outcome and timing
of such future events. There can be no assurance that such statements will prove to be accurate, as the
Company's actual results and future events could differ materially from those anticipated in these
forward-looking statements as a result of the factors set forth in the section entitled "Risk and
Uncertainties" in the Company's management's discussion and analysis for the nine months ended
September 30, 2025, available under the Company's profile at
www.sedarplus.ca
. Actual future results
may differ materially. Various assumptions or factors are typically applied in drawing conclusions or
making the forecasts or projections set out in forward-looking information. Those assumptions and
factors are based on information currently available to the Company. The forward-looking information
contained in this news release is made as of the date hereof and the Company undertakes no obligation
to update or revise any forward-looking information, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue reliance on forward-looking information.
The foregoing statements expressly qualify any forward-looking information contained herein.
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