Strikepoint receives permit for drilling at Hercules

Executive Summary

• Strikepoint Gold Inc. received a BLM‑approved drill permit for the Pony Meadows target on its wholly owned Hercules Gold Project in Nevada.
• The company also holds two additional permits for the southern Hercules area (Sirens and Como Comet showings) and is preparing to commence drilling.
• Management highlighted recent Nevada M&A activity and positioned the Hercules project’s NI 43‑101 defined resource (≈0.82–1.02 Moz Au at 0.48–0.63 g/t) as comparable to those transactions.

Key Details

• Permit Approval: BLM confirmed that Strikepoint’s notice of intent to explore was complete and the proposed exploration at Pony Meadows is approved.
• Pony Meadows Target: Interpreted as a large‑scale ring structure (~2.6 km) similar to gold‑bearing structures north of Hercules; surface panning returned visible gold from the vein.
• Additional Permits:
• Sirens Showing: Historical drilling (2008) includes 38.10 m @ 0.64 g/t Au (ending 0.85 g/t) and 25.91 m @ 0.68 g/t Au (ending 0.91 g/t).
• Como Comet Showing: Located between Newmont’s Como district and the historic Hully Logan mine; surface samples up to 5.0 g/t Au and notable historical intercepts reported.
• Upcoming Drill Program: With permits secured, Strikepoint is planning a drill campaign on Pony Meadows and the two southern showings.
• Management Commentary: CEO Michael G. Allen emphasized excitement over the structural target and referenced recent Nevada gold M&A (Equinox Gold → Minera Alamos $115 M; AngloGold Ashanti acquisition of Augusta Gold $197 M) to underscore the project’s valuation potential.
• Conference Appearances: Strikepoint will present at the virtual Emerging Growth Conference (Sept 25, 2025) and the Metals Investor Forum in Vancouver (Sept 26‑27, 2025).

Notable Quotes

“The Pony Meadows target is interpreted to be a large‑scale ring structure… We are particularly excited as surface exploration at Pony Meadows has revealed a mapped structure of approximately 2.6 kilometres, and we have successfully panned gold from the vein that occupies this structure.” – Michael G. Allen, President & CEO

“Strikepoint’s Hercules gold project with a NI 43‑101 defined ‘exploration target’ of between 819,000 and 1,019,000 ounces of gold… compares favourably to these recently announced transactions.” – Michael G. Allen, President & CEO