Welcome to our dedicated page for Strikepoint Gold news (Ticker: STKXF), a resource for investors and traders seeking the latest updates and insights on Strikepoint Gold stock.
StrikePoint Gold Inc. (STKXF) is a gold exploration company with a focus on developing precious metals resources in Canada and the Western United States. The company's flagship project, Cuprite Gold Project, strategically located in the Walker Lane Trend of Nevada, has shown promising results with extensive exploration work, including geophysical surveys, soil sampling, and drilling programs. Recent drilling activities have encountered gold-silver mineralization, indicating the potential for higher-grade deposits. StrikePoint's commitment to thorough geological mapping, geophysical studies, and detailed analysis sets the stage for further exploration and resource development.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) has released its first technical report on the Hercules Gold Project in Nevada's Walker Lane, establishing a significant exploration target. The report outlines a potential of 819,000 to 1,018,000 ounces of gold within 40.3 to 65.6 million tonnes of mineralized material, with estimated grades between 0.48 and 0.63 g/t Au.
The exploration target was developed using data from 306 historical drillholes totaling 31,776 meters and 121 surface trenches. The assessment covered multiple showings including Sirens, Hercules, Cliffs, Loaves, Lucky Rusty, Rattlesnakes, and NorthEast. The model utilized grade shell modeling and AI-estimated modeling with kriging to guide future drilling efforts.
While silver wasn't included in the exploration target, the database shows an average silver to gold ratio of 9.73:1 in samples containing ≥0.1 g/t Au. The technical report will be available on SEDAR within 45 days.
StrikePoint Gold (TSXV: SKP) (OTCQB: STKXF) held its annual general and special meeting on December 10, 2024, where shareholders elected five directors to the board: Michael G. Allen, Shawn Khunkhun, Adrian Fleming, Ian Harris, and Darryl Jones. The company also received shareholder approval for appointing Davidson & Company LLP as auditor and the company's stock option plan.
The company granted 1,185,000 incentive stock options to directors, officers, consultants, and employees, exercisable at $0.20 per share until December 11, 2029. Additionally, 75,000 incentive options were awarded to Knox Communications Inc., vesting quarterly over twelve months, with the same exercise price and expiration date. These options are subject to resale restrictions until April 11, 2025.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) has announced the effective date for its previously disclosed share consolidation. The consolidation, subject to TSX Venture Exchange approval, will take effect at market opening on October 18, 2024. The consolidation ratio is set at ten (10) pre-consolidation shares for one (1) post-consolidation share.
Following the consolidation, StrikePoint will have approximately 26,389,420 common shares issued and outstanding. The company's name and trading symbol will remain unchanged. However, new CUSIP and ISIN numbers will be assigned to the post-consolidation shares: CUSIP: 86332K400 and ISIN: CA86332K4000.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) has provided an update on its recently acquired Hercules Gold Project in Nevada's Walker Lane. The project, located 20km east of the historic Comstock Lode, features visible gold documented at three widely spaced surface locations within a 100 square kilometer property. Key highlights include:
1. A large-scale low-sulphidation epithermal gold target with over 300 drillholes indicating a strong gold mineralizing system.
2. Multiple drill-ready targets including Hercules, Cliffs, Loaves, Northeast, and Rattlesnakes under existing permits.
3. Extensive alteration zone approximately 13 km long and 6 km wide coincident with known mineralization.
4. Southern targets Sirens and Como Comet permitted for exploration drilling, with historical intercepts and visible gold in panned samples.
The company views the Hercules Gold Project as a quality early-stage exploration opportunity in a Tier 1 jurisdiction with significant potential.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) has announced updates to its Cuprite Gold Project in Nevada. Cuprite , believed to be controlled by the Electrum Group, has acquired approximately 152 claims adjacent to StrikePoint's project. Additionally, a third party has leased 54 claims internal to the project. StrikePoint's CEO, Michael G. Allen, views this activity as validation of the project's potential, citing recent drill results that indicate a large-scale mineralized system.
The company's inaugural drill program yielded gold mineralization in four out of five holes. Recent lithogeochemical and clay alteration studies have confirmed the presence of East-West structures forming a down dropped graben and northeast trending structures, which may serve as conduits for mineralizing fluids. StrikePoint is currently reviewing all data before proceeding with the next phase of drilling.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) has acquired the Hercules Gold Project in Nevada's Walker Lane through the acquisition of Alcmene Mining Inc., a subsidiary of Elevation Gold Mining , for $250,000 plus legal expenses. The project covers approximately 100 square kilometers of prospective geology, including 1,323 unpatented and 4 patented mining claims. Located just 20 kilometers east of the historic Comstock Gold Mine, Hercules is a low sulphidation epithermal gold target with significant drill results across multiple target areas. CEO Michael G. Allen highlighted the potential for a generational mine discovery on the property, which now represents StrikePoint's second district-scale land package in the Walker Lane.
StrikePoint Gold has revealed results from its first drill program at the Cuprite Gold Project in Nevada's Walker Lane gold trend.
The five-hole, 3,100-meter reverse circulation drilling program yielded notable gold and silver intercepts in four out of five holes. Highlights include 6.10 meters grading 0.74 g/t gold and 14.75 g/t silver in hole SKP24-001.
Results suggest potential for higher-grade mineralization, and the company plans to use drill samples for further mapping and targeting in another phase of drilling.
The project is in an area known for significant mines like Kinross's Round Mountain Mine.
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