In this episode of the Prospector Podcast, Michael Fox interviewed Mike Allen, President and CEO of StrikePoint Gold (TSX-V: SKP) (OTCQB: STKXF), discussing StrikePoint Gold’s strategic transition to Nevada, a premier gold mining jurisdiction. In 2024, StrikePoint Gold made two significant acquisitions: the Cuprite Gold Project and the Hercules Gold Project. The Hercules Gold Project is a substantial land package that features previous drill hole intercepts and permits. Allen is particularly enthusiastic about revisiting the Hercules project, which he had previously sold for $25 million and reacquired for a fraction of the original cost.

Looking ahead to 2025, the company plans to conduct an extensive exploration and drill program at the Hercules project to better understand its potential. However, drilling plans are temporarily on hold due to weather conditions and the availability of the drilling rig, with a tentative start date in early March, subject to potential delays. The company plans a 5,000-foot program with 10 holes, targeting approximately 500 feet per hole to explore untested spots and veins with visible gold2. A primary target is the Hercules showing, which has never been drilled.

The drilling program will also focus on the Cliffs target, located about 600 meters west, which has a previous hole that ended in mineralization. Additionally, the program includes drilling structures that have not been drilled correctly and a new target area called Lowe’s. The ultimate goal is to expand the mineralized footprint of the project and potentially coalesce targets into a mine. Allen noted that the mining project had been put on hold for five years but is now progressing, aided by Nevada’s status as a premier mining jurisdiction, which could lead to a premium valuation and price for shareholders. Allen is optimistic about the pro-mining stance of the new president and emphasized the importance of a streamlined permitting process for the project’s success.

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 Cuprite Gold Project and the Hercules Gold Project are located in Nevada’s Walker Lane Gold Trend where StrikePoint is rapidly becoming one of the 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.

StrikePoint Gold