7-8 Holes (~1,500m) to infill and expand oxide gold mineralization 

Exploration Target between 820 and 1,020 Koz Au grading between 0.48 g/t and 0.63 g/t Au

Acquisition cost $250,000, now targeting multi-million Au Oz Potential in Tier 1 Jurisdiction

Drill Results Expected in Q2 2025

StrikePoint Gold Inc. (TSX-V:SKP) (OTCQB:STKXF) is pleased to announce the commencement of an infill and expansion drilling program at the Hercules Gold Project in Nevada’s Walker Lane. This program aims to build on the recently published Exploration Target of 820,000 to 1,020,000 ounces of gold, further advancing what the Company believes is a high-potential oxide gold system. Acquired for just $250,000 in late 2024, Hercules has rapidly evolved into a cornerstone asset in StrikePoint’s portfolio, underscoring the Company’s strategy of creating significant shareholder value through strategic acquisitions and focused exploration.

The program is planned to be 7 to 8 holes on multiple targets on the northern portion of Hercules Gold Project, encompassing approximately 1,500 meters (5,000 feet) of drilling.  The program is expected be completed in late March or early April 2025, with results to follow shortly.  The drilling is being carried out under a Plan of Operations permit.

The program will infill and potentially expand the mineralization on the property, moving the Company towards its goal of defining a multi-million ounce gold resource at Hercules.  On March 3, 2025 the Company announced the conclusion of the technical report being written on the property which included an initial gold Exploration Target of between 820,000 and 1,020,000 oz gold grading between 0.48 g/t and 0.63 g/t Au.  (For further information on the Exploration Target, please see the Company’s March 3, 2025 news release).

Webinar: On Wednesday, March 12, 2025, at 10:00am PT / 1pm ET, StrikePoint CEO, Michael G. Allen, will host an interactive webinar discussing the Company’s drill program at Hercules and future plans:

Register in advance for this meeting from this link:

https://us02web.zoom.us/meeting/register/XpZNNcO4Ro69Sc4lMrxs9w

Michael G. Allen, President and CEO of StrikePoint said, “As the gold price strengthens its an exciting time in Nevada’s gold mining industry.  Recent mergers and acquisition activities have highlighted the attractiveness of projects in the State of Nevada.  Acquiring the Hercules Gold Project for just $250,000 and quickly demonstrating an immediate potential for one million ounces of gold underlines our strategy of identifying and advancing undervalued assets in proven jurisdictions. We believe Nevada’s Walker Lane offers a unique environment for swift resource development, and our upcoming drilling will help us unlock the full scope of this oxide gold system.  I look forward to talking with shareholders at the upcoming webinar.”

Figure 1: Hercules Gold Project Planned Drillhole Locations

About the Hercules Gold Project:

StrikePoint Gold acquired the Hercules Gold Project for $250,000 in September of 2024.  The Hercules Gold Project is located in the Northern portion of the Walker Lane and covers approximately 100 square kilometers of perspective terrain.   The Walker Lane hosts Tier 1 Gold Mines including Kinross’s Round Mountain, and Equinox Gold’s Mesquite and Castle Mountain Mines.  Recent Exploration success in the Walker Lane include AngloGold Ashanti’s Silicon and Merlin Discoveries which include 3.4 Moz Au Measured and Indicated Mineral Resources and an additional 9.9 Moz Au Inferred Mineral Resources.

A total of approximately 306 holes have been drilled into the project to date.  This drilling defined a NI 43-101 Exploration Target in the northern portion of the property.

Table 1: Hercules Gold Project Exploration Target Model *

*  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 mineralization is near surface giving the potential of an open pit, heap leach (oxide) operation.

In addition to the drill-tested targets in the northern part of the property there are over 40 undrilled targets on the property, some of which also include visible gold at surface.

About Nevada

Nevada is one of the most globally recognized mining jurisdictions in the world, with over 218 Moz Au 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, operating 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 be completed in that time including the acquisition of the Sterling Gold Project, located near Beatty, Nevada, and the sale of Northern Empire to Coeur Mining for ~$120 million. The Sterling Project is now part of AnglogGold Ashanti’s “Expanded Silicon” project.  In addition, he was the past President of Elevation Gold Mining, which operated Arizona’s largest Gold Mine.

The Management and Board of StrikePoint Gold 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.

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.