Business
StrikePoint Reports Exploration Target on Hercules Gold Project of Between 819,000 and 1,018,000 Ounces Au Grading Between 0.48 and 0.63 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2025) - StrikePoint Gold Inc. (TSXV: SKP)...
About this update from Strikepoint Gold Inc.
[{"type":"text","content":"StrikePoint Reports Exploration Target on Hercules Gold Project of Between 819,000 and 1,018,000 Ounces Au Grading Between 0.48 and 0.63 g/t AuVancouver, British Columbia--(Newsfile Corp. - March 3, 2025) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (\"StrikePoint\" or the \"Company\") is pleased to announce the conclusion of its first technical report on the Hercules Gold Project located in Nevada's prolific Walker Lane, including the establishment of a drill defined, bulk tonnage Exploration Target.Michael G. Allen, President and CEO of StrikePoint commented, \"This initial technical report is a significant step in providing valuable information on the Hercules Gold Project and as to the opportunity and potential size and scope of this recently acquired asset. The Exploration Target reviewed the current and historical drilling on the project, but most notably we believe this previous drilling has only scratched the surface of this project's potential, as we have multiple untested geophysical and geochemical targets, some of which include visible gold at surface. We believe that the Hercules Gold Project has the potential to be Nevada's next multi-million ounce gold resource.\"Report ConclusionsIn accordance with the guidelines set forth in the National Instrument (\"NI\") 43-101, the report establishes a baseline Exploration Target (the \"Exploration Target\") for the Hercules Gold Project ranging between 819,000 and 1,018,000 ounces of Gold (\"Au\") within 40.3 million to 65.6 million tonnes of mineralized material with an estimated grade range between 0.48 and 0.63 grams per tonne (\"g/t\") Au. The quantity and grade are 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 technical report is being completed by Mr. Michael Dufresne, M.Sc, P.Geol., P.Geo, President and CEO of APEX Geoscience Ltd. (\"APEX\"), an independent Qualified Person as defined by NI 43-101. The technical report will include details on the Exploration Target Model (the \"Exploration Target Model\") highlighted below and will be available on SEDAR (www.sedar.com) within 45 days of this ...