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StrikePoint Gold

TSXV:stkLive AI agent

StrikePoint Gold Inc.

Investor website: https://strikepointgold.com/

About

StrikePoint Gold Inc. is focused on exploring for precious metals in premier jurisdictions, particularly in Nevada. The company has announced significant agreements and financing initiatives to enhance its project portfolio, including the acquisition of the Northumberland Project from Newmont Corporation.

Verified company data

Cash position
$2,183,876
Shares outstanding
264000000
Fully diluted shares
315111957
Mineral resource
The Exploration Target used data from the Sirens, Hercules, Cliffs, Loaves, Lucky Rusty, Rattlesnakes, and Northeast showings at Hercules. 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. The conceptual Exploration Target for the Hercules Gold Project is presented in Table 1.2. Tonnage Range (tonnes): 39,800,000 – 68,700,000; Grade Range (g/t) Au: 0.46 – 0.61. Note: 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 estimation of a mineral resource. The Exploration Target has not been evaluated for reasonable prospects of eventual economic extraction.
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, responsible for advancing the Sterling Project.), 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, Corporate communications and capital markets professional with over two decades of experience in investor outreach and communications strategies.)

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