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StrikePoint Gold

TSXV:stkLive AI agent

StrikePoint Gold is a multi-asset gold exploration company focused on building precious metals resources primarily in the Western United States and Canada.

Investor website: https://strikepointgold.com/

About

StrikePoint Gold is a multi-asset gold exploration company focused on building precious metals resources primarily in the Western United States and Canada. The company is rapidly becoming one of the largest holders of mineral claims in the Walker Lane, Nevada, with approximately 133 square kilometers of prospective geology under claim, including the Hercules Gold Project and the Cuprite Gold Project. CEO Michael G. Allen has over 15 years of experience in the Walker Lane, completing multiple transactions, including the acquisition of the Sterling Gold Project and the sale of Northern Empire Resources Corp. to Coeur Mining, Inc. for approximately C$120 million.

Verified company data

Cash position
$1,955,000
Shares outstanding
26389420
Fully diluted shares
315111957
Mineral resource
Hercules Gold Project Exploration Target Model: Exploration Target of 819,000 to 1,019,000 oz Au Exploration Target grading between 0.48 g/t Au and 0.63 g/t Au in 40,300,000 to 65,600,000 tonnes. 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.
Projects
["The 100%-owned Hercules property is StrikePoint Gold’s flagship project and area of focus. The Hercules Gold Project is situated within the Walker Lane trend in Lyon County, Nevada, USA, approximately 40 kilometres (km) to the southeast of Reno, Nevada, and 20 km to the east of the Comstock Gold Mine. The Property comprises 1,207 unpatented mining claims and 4 patented mining claims (“Hercules USA Claims”), 116 unpatented mining claims (“Minquest Claims”), and 51 unpatented mining claims (“Como Claims”) totalling 1,374 unpatented mining claims and 4 patented mining claims that cover approximately 10,368 hectares (ha). On August 30th, 2024, StrikePoint acquired the Hercules Gold Project by way of an acquisition agreement of all of the issued and outstanding common shares of Alcmene Mining Inc. in consideration for a cash payment of CAD$250,000 plus CAD$62,011 in legal, regulatory, and transaction fees associated with closing the transaction. Pursuant to the terms of the acquisition, StrikePoint also assumed estimated reclamation costs of CAD$22,749 related to the Property at the time of acquisition. The Property consists of 116 claims under option from Minquest with an annual advance royalty payment of USD$50,000 per year to be paid between the years 2027 and 2032. The Minquest Claims and a 1-mile area of influence are subject to a 3% net smelter return (NSR) royalty payable to Great Basin Resources Inc. The Company may purchase 50% of the NSR royalty for USD$2 million at any point prior to 90 days post commercial production. Several small, isolated claim blocks have minor NSRs with associated buy downs."]
Leadership
Michael G. Allen (President, CEO & Director, Over 20 years of experience in mineral exploration and development. Formerly President, CEO and Director of Northern Empire Resources, which was sold for approximately $120 million.), Paulo Santos (CFO, Significant experience in senior executive financial roles within the mining industry.), Shawn Khunkhun (Executive Chairman & Director, Over 20 years of experience in capital markets and mineral exploration. Instrumental in creating awareness for undervalued companies and has raised over $3B in capital.), Knox Henderson (Head of Investor Relations, Over two decades of experience in corporate communications and capital markets.)

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