StrikePoint Completes Sale of Porter Idaho Project to Dolly Varden Silver
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. Allen
President, Chief Executive Officer & Director
For more information, please contact:
StrikePoint Gold Inc.
Knox Henderson
T: (604) 551-2360
E:
W:
www.strikepointgold.com
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
https://www.newsfilecorp.com/release/253178