StrikePoint Acquires Hercules Gold Project in Nevada's Walker Lane
StrikePoint Acquires Hercules Gold Project in
Nevada's Walker Lane
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2024) - StrikePoint Gold Inc. (TSXV:
SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce that it has acquired
the Hercules Gold Project by way of the acquisition agreement signed August 30, 2024 of all of the
issued and outstanding common shares of Alcmene Mining Inc., a wholly-owned subsidiary of Elevation
Gold Mining Corporation in consideration for $250,000, plus a re-imbursement of reasonable legal
expenses.
The transaction was arms length, and no finder's fees were paid.
"This acquisition represents our second district scale land package in the Walker Lane," said CEO
Michael G. Allen. "Multiple operators have drilled showings across a property and encountered
significant mineralization, giving the possibility of a generational mine being discovered on the property."
The Hercules Gold Project consists of 1,323 unpatented mining claims and four patented mining claims
covering approximately 100 square kilometers of prospective Walker Lane geology located
approximately one hour from Reno, Nevada.
The property is just 20 kilometers East of the Comstock
Gold Mine where historically 14 million gold ounces have been recovered(
Wikipedia
).
Figure 1: Hercules Project Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5044/221915_942f5e91e4cd1a71_002full.jpg
Hercules Gold Project Highlights:
The Hercules Gold Project is a low sulphidation epithermal gold target. Potentially economically
significant gold grades/thicknesses have been drilled by multiple operators over a large area suggesting
a strong gold mineralizing system.
Drilling has largely been focussed on the northern portion of the
property focussed on 5 target areas, Hercules, Cliffs, Loaves, Northeast and Rattlesnakes.
The property
has a Plan of Operations drill permit in place on the northern portion of the property, and two Notice of
Intent drill permits on the southern portion of the property.
Historically, ownership of the property was
divided between multiple operators, hindering exploration.
StrikePoint Gold will be able to explore the
property without boundary constraints.
Figure 2: Hercules Gold Project Select Drillholes
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5044/221915_942f5e91e4cd1a71_003full.jpg
Table 1, Highlight Drill Intervals
Eclipse Gold, Hercules Gold Project, Nevada, Drill Highlights
Hole ID
Target
From (m)
To (m)
Length
Au g/t
Ag g/t
Date of Release
H20010
Hercules
27.43
117.35
89.92
0.65
12.51
6/10/2020
including
Hercules
51.82
82.30
30.48
1.10
26.17
6/10/2020
H20031
Hercules
0.00
30.48
30.48
1.63
18.27
3/22/2021
including
Hercules
6.10
9.14
3.05
5.55
47.9
3/22/2021
H20040*
Cliffs
184.40
224.03
39.62
1.12
5.38
3/22/2021
including
Cliffs
185.93
192.02
6.1
5.04
14.93
3/22/2021
H20002
Northeast
1.52
47.24
45.72
0.33
1.87
6/10/2020
H20003
Loaves
71.63
85.34
13.72
0.40
6.01
6/10/2020
H20006
Rattlesnakes
15.24
38.10
22.86
0.32
1.93
6/10/2020
Length is sample length; true thickness was estimated in the above news releases between 60% and
90% of sample length.
Certain claims have reserved royalties to a maximum of 3%, with associated buy downs.
A portion of the
claims are under option with an annual payment of $50,000 per year to be made between 2025 and
2032.
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
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.
About StrikePoint
StrikePoint Gold is a gold exploration company focused on building precious metals resources in
Canada and the Western United States.
The Cuprite Gold Project consists of approximately 574 unpatented claims covering approximately 44-
square kilometers, located 15-kilometers south of Goldfield Nevada, and 85-kilometers northwest of
Beatty. The project is easily accessible by Highway 95 on the western margin of the property.
The project
is located within the Walker Lane Gold Trend, which hosts AngloGold's exciting Silicon Gold and Merlin
discoveries approximately 75-kilometers southeast of Cuprite.
In addition, the Walker Lane hosts Tier 1
gold mines including Kinross's Round Mountain Mine located approximately 130-kilometers North of
Cuprite Gold Project.
In addition to Cuprite Gold Project, 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. Allen
President, Chief Executive Officer & Director
For more information, please contact:
StrikePoint Gold Inc.
Knox Henderson, Investor Relations
T: (604) 551-2360
E:
W:
www.strikepointgold.com
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/221915