Gold Strike Announces Fully Funded 2026 Drill and Exploration Program for Florin Gold Project, Yukon

Executive Summary

• Gold Strike Resources Corp. announced its fully funded 2026 exploration and drill program targeting the expansion of the Florin Gold Deposit and testing new exploration targets across its Yukon portfolio.
• The program will deploy over 8,000 metres of diamond drilling, with initial focus on the pit-constrained inferred resource of 2.507 Moz Au at the Florin Project.
• Concurrent activities include a helicopter-borne magnetotelluric geophysical survey, surface geochemical sampling, and a regulatory permit extension securing the Florin Project through 2028.

Key Details

• Drilling Scope: Over 8,000 metres of diamond drilling planned for the 2026 season.
• Primary Target: Initial drilling will focus on the southwest sector of the current inferred resource footprint at the Florin Gold Deposit, which hosts 2.507 Moz Au (162.783 Mt at 0.48 g/t Au at a 0.30 g/t cut-off). The deposit remains open laterally and at depth.
• Secondary Target: Starting in August 2026, one drill rig will be dedicated to testing exploration targets within 5 kilometres of the Florin Gold Deposit.
• Contractor & Mobilization: Northtech Drilling Ltd. (Yellowknife, NWT) awarded the contract to supply two diamond drill rigs. Camp construction is expected to begin mid-June 2026, with rig mobilization in early July 2026.
• Geophysical Survey: A concurrent helicopter-borne magnetotelluric (MT) survey will cover the Florin, FLR, and RJ Projects to identify additional drill targets.
• Surface Exploration: Field crews will conduct stream sediment, soil, and rock sampling across the Florin, FLR, and RJ Projects to generate targets for a 2027 drill program.
• Technical Objectives: Drilling is designed to generate metallurgical and structural data to form the technical foundation for a future feasibility study on the Florin Project.
• Regulatory Status: Class 3 Quartz Mining Approval (LQ00546a) for the Florin Project extended through December 31, 2028, following YESAA Decision Document 2025-0069-0060.
• Historical Context: 147 drill holes totaling ~31,000 metres have been completed to date. Approximately 4km of the 5km prospective geological trend remains untested.
• Land Package: Florin Project (500 claims, ~89km²), FLR Project (838 claims, ~165km²), RJ Project (349 claims, ~66km²), plus GS1 and GS2 projects in the Mayo and Dawson Mining Districts, Yukon.

Notable Quotes

• Peter Miles, CEO: "our fully funded 2026 drill and exploration program marks a significant milestone for Gold Strike. With over 8,000 metres of diamond drilling planned, camp construction is expected to begin in mid-June followed by two diamond drill rigs mobilizing in early July along with a concurrent airborne geophysical survey and geochemical sampling. After 18 months of M&A and financing activity, we are finally well positioned to meaningfully apply the latest advances in reduced intrusion related gold system ("RIRGS") exploration to the Florin Project and unlock the broader potential of our Yukon portfolio. The Florin Gold Deposit, which hosts a pit-constrained inferred resource of 2.507 Moz Au, remains open in all directions and at depth and we believe this season's work will enhance the resource while showing the exploration potential of our broader district-scale portfolio of properties".