Business
Gold Strike Resources Announces Closing of Transaction to Acquire Florin, FLR and RJ Gold Projects and Satisfies Release Conditions for $17.2 Million Escrowed Financing
Vancouver, British Columbia--(Newsfile Corp. - May 4, 2026) - Gold Strike Resources Corp.(TSXV: GSR) (the "Company" or "GSR") has completed its previously
About this update from Gold Strike Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 4, 2026) - Gold Strike Resources Corp.(TSXV: GSR) (the \"Company\" or \"GSR\") has completed its previously announced acquisition of 100% interest in three contiguous mineral projects, consisting of an aggregate of 1,687 mineral claims, located within the Tombstone Gold Belt, Yukon, Canada, being the Florin gold project (500 quartz claims) (the \"Florin Gold Project\"), the FLR gold project (838 quartz claims) (the \"FLR Gold Project\") and the RJ gold project (349 quartz claims) (the \"RJ Gold Project\" and, collectively with the Florin Gold Project and the FLR Gold Project, the \"Projects\") from LIRECA Resources Inc. (\"LIRECA\") and LIRECA's affiliate, Florin Resources Inc. (\"Florin Resources\" and, together with LIRECA, the \"LIRECA Group\"), as initially announced on March 3, 2026 (the \"Acquisition\"). Peter Miles, CEO of the Company, commented: \"With the closing of this transformational acquisition, GSR now controls one of the largest and most strategically coherent land positions in the Tombstone Gold Belt, anchored by the Florin Gold Project's 2.507 million ounce inferred gold resource deposit. Combined with our Gold Strike One and Gold Strike Two projects adjacent to Snowline Gold's Valley deposit, we have assembled an exceptional portfolio of exploration and development assets. We look forward to getting on the ground this season, drilling extensively, and unlocking the full potential of this land package for our shareholders.\" John Fiorino, principal of the LIRECA Group, commented: \"By accepting the majority of the consideration for this transaction in equity of GSR, the LIRECA Group continues to demonstrate its confidence in the projects and its alignment with long-term shareholders. We are pleased to see this acquisition close and look forward to GSR advancing these exceptional assets.\" Below is a summary of the Acquisition and the satisfaction of the escrow release conditions of the Offering (as defined below). For further details of the Projects, the Acquisition and the Offering please refer to the Company's news releases dated March 3, 2026, March 25, 2026, April 1, 2026, April 8, 2026, and April 30, 2026. Summary of the Acquisition Purchase Agreement and Closing Date The Acquisition was completed on May 1, 2026 (the \"Closing Date\") pursuant to a p...