Vancouver, British Columbia--(Newsfile Corp. - July 9, 2026) - Gold Strike Resources Corp. (TSXV: GSR) (OTC Pink: GDSRF) (the "Company" or "Gold Strike") announces the commencement of drilling at its Florin Gold Project (the "Florin Project"), Yukon, Canada. The first drill rig has arrived on site and is being set up on the initial drill pad; a second rig is expected to arrive later this week.
SUMMARY
The current Florin Project pit-constrained inferred 2.507 million oz resource area[1] has a footprint with a projected strike length of approximately 925 metres (m) and remains open in all directions and at depth, within a broader 5,000 m gold-in-soil anomaly, high-grade rock sample sites, and geophysical anomalies. The program consists of in excess of 8,000 m of drilling targeting both resource-definition and step-out extensions of the existing inferred resource footprint.
The initial 10 holes (~5,000 m) target the higher-grade, unconstrained southwestern portion of the deposit.
Assay results are expected within three weeks of delivery; initial results from hole 1 are anticipated in early August and are expected to be released on a hole-by-hole basis.
"The commencement of drilling at Florin is a significant milestone for Gold Strike," said Peter Miles, Chief Executive Officer. "Our initial holes are targeting the highest-grade, unconstrained portion of the inferred resource, which we believe offers the greatest potential impact. Our first rig is operational on site, with a second mobilizing. Our independent QP Ron Simpson was closely involved in selecting hole locations. Initial assay results are expected in early August and are expected to be released on a hole-by-hole basis as they become available. In parallel, we have received the Class 3 Mining Land Use Approval for the FLR Gold Project and a Class 1 Notification for the RJ Project. Full details on those permits will follow in a dedicated news release."
2026 Drill Program
As announced on June 10, 2026, Gold Strike's fully funded 2026 drill and exploration program comprises over 8,000 m of diamond drilling at and around the Florin Project. The initial 10 drill holes (approximately 5,000 m) were selected in close collaboration with Ron Simpson, P.Geo. of GeoSim Services Inc., the independent Qualified Person who prepared the resource estimate for the Florin Project (see "Mineral Resource Estimate" below).
The initial holes are designed to test the southwestern portion of the resource where grades are higher and the deposit remains unconstrained. Additional holes are expected to target several large gaps not tested by prior drill coverage and to target the extension of at depth high-grade zones identified in historic drilling. Remaining meterage is expected to be allocated to step-out exploration drilling, primarily targeting the extensive 5 km gold-in-soil anomaly at the Florin Project, as well as high-grade rock sample locations and geophysical anomalies. The drill program has also been designed to collect geotechnical data and metallurgical samples to support advancement toward a future pre-feasibility study.