StrikePoint Files NI 43-101 Technical Report Outlining Exploration Target of Between 819,000 and 1,018,000 oz Au on the Hercules Gold Project in Nevada's Walker Lane, Completes Drill Program
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) has filed its first technical report on the 100%-owned Hercules Gold Project in Nevada's Walker Lane, which was acquired in September 2024 for $250,000. The report outlines a significant Exploration Target ranging between 819,000 and 1,018,000 ounces of gold within 40.3-65.6 million tonnes of mineralized material, with estimated grades between 0.48-0.63 g/t Au.
The company has completed an initial drilling program of 7 holes totaling approximately 1,400 meters, with results pending. The Exploration Target was developed using data from 306 historical drillholes (31,776 meters) and 121 surface trenches, utilizing AI to generate trend models and grade shells. The project shows a notable silver-to-gold ratio of 9.73:1, though silver was not included in the target model.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ha pubblicato il suo primo rapporto tecnico sul Progetto Hercules Gold, di proprietà al 100%, situato nella Walker Lane del Nevada, acquisito nel settembre 2024 per 250.000 dollari. Il rapporto evidenzia un obiettivo di esplorazione significativo compreso tra 819.000 e 1.018.000 once d'oro all'interno di 40,3-65,6 milioni di tonnellate di materiale mineralizzato, con una gradazione stimata tra 0,48 e 0,63 g/t Au.
La società ha completato un programma di perforazione iniziale di 7 fori per un totale di circa 1.400 metri, con i risultati ancora in attesa. L'obiettivo di esplorazione è stato sviluppato utilizzando dati provenienti da 306 perforazioni storiche (31.776 metri) e 121 trincee superficiali, impiegando l'intelligenza artificiale per generare modelli di tendenza e gusci di gradazione. Il progetto mostra un rapporto argento-oro notevole di 9,73:1, anche se l'argento non è stato incluso nel modello obiettivo.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ha presentado su primer informe técnico sobre el Proyecto Hercules Gold, de propiedad total, ubicado en Walker Lane, Nevada, adquirido en septiembre de 2024 por 250,000 dólares. El informe destaca un objetivo de exploración significativo que oscila entre 819,000 y 1,018,000 onzas de oro dentro de 40.3-65.6 millones de toneladas de material mineralizado, con leyes estimadas entre 0.48 y 0.63 g/t Au.
La compañía completó un programa inicial de perforación de 7 pozos con un total aproximado de 1,400 metros, cuyos resultados están pendientes. El objetivo de exploración se desarrolló utilizando datos de 306 perforaciones históricas (31,776 metros) y 121 trincheras superficiales, empleando inteligencia artificial para generar modelos de tendencia y contornos de ley. El proyecto presenta una notable proporción plata-oro de 9.73:1, aunque la plata no fue incluida en el modelo objetivo.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF)는 2024년 9월 25만 달러에 인수한 네바다 워커 레인에 위치한 100% 소유의 Hercules Gold 프로젝트에 대한 첫 기술 보고서를 제출했습니다. 보고서에는 4030만에서 6560만 톤의 광물화 물질 내에서 81만 9천에서 101만 8천 온스의 금 탐사 목표가 제시되었으며, 추정 등급은 0.48-0.63 g/t Au입니다.
회사는 약 1,400미터에 달하는 7개 시추공의 초기 시추 프로그램을 완료했으며, 결과는 아직 대기 중입니다. 탐사 목표는 306개의 과거 시추공(31,776미터)과 121개의 지표 트렌치를 바탕으로 인공지능을 활용해 경향 모델과 등급 셸을 생성하여 개발되었습니다. 이 프로젝트는 9.73:1의 주목할 만한 은-금 비율을 보이나, 은은 목표 모델에 포함되지 않았습니다.
StrikePoint Gold Inc. (TSXV : SKP) (OTCQB : STKXF) a publié son premier rapport technique sur le projet Hercules Gold, dont elle détient 100 % des parts, situé dans la Walker Lane au Nevada, acquis en septembre 2024 pour 250 000 $. Le rapport présente une cible d'exploration importante comprise entre 819 000 et 1 018 000 onces d'or dans 40,3 à 65,6 millions de tonnes de matériau minéralisé, avec des teneurs estimées entre 0,48 et 0,63 g/t Au.
La société a achevé un programme de forage initial de 7 trous totalisant environ 1 400 mètres, dont les résultats sont en attente. La cible d'exploration a été élaborée à partir de données provenant de 306 forages historiques (31 776 mètres) et de 121 tranchées de surface, en utilisant l'intelligence artificielle pour générer des modèles de tendance et des enveloppes de teneur. Le projet présente un rapport argent-or notable de 9,73:1, bien que l'argent n'ait pas été inclus dans le modèle cible.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) hat seinen ersten technischen Bericht zum zu 100 % eigenen Hercules Gold Projekt in der Walker Lane, Nevada, veröffentlicht, das im September 2024 für 250.000 US-Dollar erworben wurde. Der Bericht beschreibt ein bedeutendes Explorationsziel von 819.000 bis 1.018.000 Unzen Gold innerhalb von 40,3 bis 65,6 Millionen Tonnen mineralisierten Materials mit geschätzten Gehalten von 0,48 bis 0,63 g/t Au.
Das Unternehmen hat ein erstes Bohrprogramm mit 7 Bohrlöchern und insgesamt etwa 1.400 Metern abgeschlossen, die Ergebnisse stehen noch aus. Das Explorationsziel wurde anhand von Daten aus 306 historischen Bohrlöchern (31.776 Meter) und 121 Oberflächengräben entwickelt, wobei KI zur Erstellung von Trendmodellen und Gehaltsschalen eingesetzt wurde. Das Projekt weist ein bemerkenswertes Silber-Gold-Verhältnis von 9,73:1 auf, obwohl Silber im Zielmodell nicht berücksichtigt wurde.
- Low acquisition cost of $250,000 for a potentially significant gold project
- Large exploration target of up to 1,018,000 oz Au identified
- Extensive historical data with 306 drillholes and 121 trenches supporting the target
- Multiple untested targets remain for potential resource expansion
- Current exploration target is conceptual with no defined mineral resource
- Relatively low gold grades (0.48-0.63 g/t Au)
- Uncertain if further exploration will result in defining a mineral resource
- Economic viability has not been evaluated
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2025) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce the filing of its first technical report on the
Michael G. Allen, President and CEO of StrikePoint notes, "Since acquiring the Hercules Gold Project in September 2024 for
Report Conclusions
The technical report includes a drill defined, bulk tonnage Exploration Target prepared in accordance with the guidelines set forth in National Instrument ("NI") 43-101, the report establishes a baseline Exploration Target (the "Exploration Target") for Hercules ranging between 819,000 and 1,018,000 ounces of gold ("Au") within 40.3 million to 65.6 million tonnes of mineralized material at an estimated grade range between 0.48 and 0.63 grams per tonne ("g/t") Au. The quantity and grade are conceptual in nature, as 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 expressed should not be misrepresented or misconstrued as an estimate of a mineral resource or mineral reserve. The Exploration Target Model has not been evaluated for reasonable prospects of eventual economic extraction.
The authors of the technical report are Mr. Michael B. Dufresne, M.Sc., P. Geol., P. Geo, Ms. Fallon T. Clarke, B.Sc., P.Geo., and Mr. Christian Bohm, Ph.D., P.Geo., of APEX Geoscience Ltd. The Authors are independent Qualified Persons as defined in NI 43-101.
Exploration Target
Table 1: Hercules Gold Project Exploration Target Model *
| Exploration Target | ||
| Tonnage Range (tonnes) | Grade Range (g/t) Au | Au Oz Range |
| 40,300,000 - 65,600,000 | 0.48 - 0.63 | 819,000 - 1,018,000 |
* 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.
Numerous targets remain untested and the previous drilled showings remain open for further expansion and potentially conversion to mineral resources.
Figure 1: Hercules Gold Project Exploration Target Model
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Of note, there is insufficient data in the historical database to provide silver ("Ag") grade estimates. The drillhole and trench database contains a total of 5,520 samples with greater than or equal to 0.1 g/t Au and coincident Ag analyses. The average Ag to Au ratio of those samples is 9.73:1. Silver was not modelled as part of the Exploration Target.
Drilling
The Company completed 7 drillholes into the northern portion of the Hercules Gold Project testing the Hercules, Cliffs and Loaves targets. All drillholes visually returned alteration and silicification that is consistent with gold mineralization in previous drill campaigns. All samples from the drillholes are at the assay lab and results will be released as they become available.
Figure 2: Hercules Gold Project 2025 Drill Collars
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Qualified Persons
All technical data, as disclosed in this news 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 NI 43-101.
The Hercules Gold Project Exploration Target was completed by Mr. Michael Dufresne, M.Sc, P.Geol., P.Geo, President and CEO of APEX, an independent Qualified Person as defined by NI 43-101. Mr. Dufresne has approved of the technical disclosure herein.
About StrikePoint
StrikePoint is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and in Canada.
Both the Hercules Gold Project and the Cuprite Gold Project are located in Nevada's Walker Lane Gold Trend where StrikePoint is rapidly becoming one of its largest holders of mineral claims with approximately 145 square kilometers of prospective geology under claim.
The Walker Lane hosts AngloGold Ashanti's multi-million once Silicon Gold and Merlin discoveries and Kinross's Tier - 1 Round Mountain Mine.
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.
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: kh@strikepointgold.com
W: www.strikepointgold.com
Cautionary Statement on Forward-Looking Information
This release contains forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential", and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of StrikePoint to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information in this release relates to, among other things, the Hercules Gold Project technical report information, the results of previous field work, historical programs and current exploration activities and review work, interpretation of the nature of the mineralization at the Company's projects and the comparisons of mineralization on the StrikePoint's projects to other projects not owned by StrikePoint, results of any future mineral resource estimates on any project owned by the Company, the potential to grow our projects, the potential to expand the mineralization and our beliefs about the unexplored portion of the Company's projects, including the Hercules Gold Project.
These forward-looking statements are based on management's current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the Company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its exploration and operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.
For additional information on risks and uncertainties, see the Company's most recently filed annual information form ("AIF"), annual management discussion & analysis ("MD&A") and information circular (the "Circular"), all of which are available on SEDAR at www.sedar.com. The risk factors identified in the AIF and MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.
Neither the TSX Venture Exchange ("TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248977
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