StrikePoint Gold to Acquire Cuprite Gold Project in Nevada’s Walker Lane Gold Trend from Orogen Royalties
StrikePoint Gold to Acquire Cuprite Gold Project in Nevada’s Walker Lane Gold
Trend from Orogen Royalties
Vancouver, British Columbia — January 23, 2023, (SKP: TSX.V) (STKXF: OTCQB) StrikePoint Gold Inc.
(“StrikePoint” or the “Company”) is pleased to announce it has signed a purchase and sale agreement
(the “Agreement”) with Orogen Royalties Inc. (“Orogen”) (TSX.V:OGN) (OTCQX:OGNRF) and a Nevada
based subsidiary of Orogen whereby StrikePoint will acquire a 100% interest in the Cuprite Gold Project,
located in Nevada’s Walker Lane Gold Trend. (Figure 1 Nevada Map ‐ Cuprite)
“This acquisition establishes StrikePoint a year‐round exploration target within the Walker Lane, perhaps
the most underexplored district in Nevada,” said StrikePoint President and CEO, Michael G. Allen.
“Approximately 75 kilometers to the southeast of Cuprite Anglogold Ashanti recently announced a new
gold discovery, Silicon, in a similar geological and alteration setting. In addition to the discovery, in 2022,
Anglogold Ashanti purchased Corvus Gold for $370 million and acquired the Sterling Project from Coeur
Mining for up to $200 million. Also in 2022, Centerra purchased the Gemfield Project, located
approximately 15 kilometers Northeast of Cuprite, for $206.5 million. These transactions highlight the
conviction that world class mining companies have of the prospectivity of the Walker Lane in the vicinity
of the Cuprite Project.”
About the Cuprite Gold Project
Cuprite Gold Project is located in Nevada, approximately fifteen kilometres south of Goldfield, and
approximately 75 kilometers northwest of Beatty, Nevada. The project is easily accessible with Highway
95 on the western margin of the property. (Figure 2 Cuprite Detailed Location)
The Cuprite Gold Project Cuprite is a district‐scale opportunity with over twenty square‐kilometres of
advanced argillic alteration constituting one of the largest steam‐heated cells in the Walker Lane. The
project is underlain by Miocene and Oligocene tuffs. (Figure 3 Cuprite Surface Alteration)
Within the steam – heated cell, alteration vectors eastward towards shallow gravel cover with cinnabar
(and mercury‐in‐soil anomalism), residual silica and powdery silica all observed proximal to the eastern
limit of outcrop. Favorably oriented faults, potentially related to the Miocene Stonewall caldera, project
into the shallow gravel cover and constitute potential highly prospective feeder structures untested by
drilling.
Cuprite is thought to be an analog to AngloGold Ashanti’s Silicon deposit where a maiden maiden Mineral
Resource of 3.4 million ounces of gold has been defined. Like Cuprite, Silicon displays an extensive,
strongly developed, steam heated alteration zone at surface with anomalous mercury and cinnabar, as
well as sharing a similar geological and structural setting. (Figure 4 Cuprite Target Section)
Transaction Details
Pursuant to the Agreement, StrikePoint will acquire a 100% interest in the Cuprite Gold Project by
issuing 6,428,571 common shares of StrikePoint with a deemed value of C$450,000, reimbursing
US$35,208 on project related costs, and granting a 3% NSR royalty to Orogen, whereby 0.5% of the NSR
royalty can be purchased for US$2.5 million. Orogen will also retain a 1.5% NSR royalty on any after
acquired internal claims held by third parties. Orogen will hold a one‐kilometre Area of Interest around
the Cuprite project and additional claims staked within the Area of Interest will be subject to the 3%
NSR. The Agreement is subject to the approval of the TSX Venture Exchange.
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 US. In addition to Cuprite, the company controls two advanced‐stage exploration
assets in BC’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.
Michael G. Allen, President CEO & Director
T: (604) 609‐6107
W: www.strikepointgold.com
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",
"could" or "would". Forward‐looking statements and information contained herein are based
on certain factors and assumptions regarding, among other things, the timing of the closing of
the acquisition set out in the Agreement, the receipt of regulatory approvals foraand other
matters. While the Company considers its assumptions to be reasonable as of the date hereof,
forward‐looking statements and information are not guaranteeing of future performance and
readers should not place undue importance on such statements as actual events and results
may differ materially from those described herein. The Company does not undertake to update
any forward‐looking statements or information except as may be required by applicable
securities laws.
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.