StrikePoint Drills Near-Surface High Grade Oxide Gold at the Hercules Gold Project, Nevada, 32.04 Meters of 0.54 g/t Au and 4.62 g/t Ag Starting at Surface, Including 4.57 Meters of 1.14 g/t Au and 10.53 g/t Ag and an Additional 6.10m of 1.50 g/t Au and 11.75 g/t
StrikePoint Drills Near-Surface High Grade
Oxide Gold at the Hercules Gold Project,
Nevada, 32.04 Meters of 0.54 g/t Au and 4.62
g/t Ag Starting at Surface, Including 4.57
Meters of 1.14 g/t Au and 10.53 g/t Ag and an
Additional 6.10m of 1.50 g/t Au and 11.75 g/t
Ag
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2025) - StrikePoint Gold Inc.
(TSXV: SKP)
(OTCQB: STKXF)
("StrikePoint" or the "Company") is pleased to announce initial results from drilling
that took place in the spring of 2025 on its Hercules Gold Project located in Nevada's prolific Walker
Lane.
The Company completed 7 drillholes totaling approximately 1,400 meters of reverse circulation drilling
on the Hercules Gold Project. StrikePoint is reporting assay results from the first 4 drillholes of the
program, with each drillhole returning near surface gold mineralization.
The final 3 drillholes remain
queued at the lab and expected to be received shortly.
Hercules Gold Project April 28, 2025, 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
Length reported above is sample length, there is insufficient data to estimate true thickness.
Michael G. Allen, President and CEO of StrikePoint said, "Results received so far show broad zones of
near surface gold mineralization on the Hercules Gold Project.
This is in line with our recently announced
Exploration Target for the property.
The near surface nature of the mineralization leads the Company to
anticipate that Hercules could potentially be an open pit - heap leach type operation."
For further information on the Exploration Target on the Hercules Gold Project refer to the Company's
March 3, 2025 release
.
Figure 1: Hercules Gold Project 2025 Drill Collars
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5044/249922_a95998e664bf0ad6_001full.jpg
Hercules Gold Project April 28, 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
Drilling Discussion:
The drillholes released today were drilled into the Hercules target.
Near surface gold and silver was
encountered in all holes.
Comparing cyanide soluble gold assays to fire assays showed that cyanide
solubility ranged between 89% and 32% on a per hole basis.
As expected, shallower gold intercepts
showed higher cyanide solubility than deeper intercepts.
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.
The Company expects the final 3 holes of the 2025 spring drill program to be received shortly.
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 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.
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. 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 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/249922