Gunpoint's Scout Program Drills 47 Meters of 1.1 g/t Oxide Gold in Newly Identified Ranch Trend

The most recent news (March 16, 2026) reports results from a 7-hole "scout" drilling program (1,256 meters) at the Talapoosa Project in Nevada. The program successfully identified a new 1.6-kilometer mineralized strike called the "Ranch Trend." The standout result is hole RT-6, which intersected 47 meters of 1.1 g/t oxide gold. This confirms the presence of a significant hydrothermal system outside the known resource area. All seven holes returned gold mineralization, indicating a high hit rate for a first-pass program.

This news is Material - Positive. While the grades are not "bonanza," the width (47m) and the fact that it is oxide mineralization (typically cheaper to process) at a new trend are significant. - Resource Growth Potential: The existing Talapoosa resource (approx. 1.2M oz AuEq) has been stagnant for 14 years. This discovery provides the first credible path to a material resource expansion. - Validation of Strategy: Management’s shift to testing the Ranch Trend, funded by the December 2025 financing, has yielded immediate results. - Oxide vs. Sulphide: Finding 1.1 g/t oxide gold is economically attractive in Nevada, as it suggests potential for heap-leach processing, which carries lower CAPEX than milling operations.

Gunpoint Exploration Ltd. is focused on the Talapoosa Project in Lyon County, Nevada. - Flagship: Talapoosa is a low-sulphidation epithermal gold-silver deposit. - Resource: It hosts a Measured and Indicated resource of ~1.01M oz Gold at 1.11 g/t and ~13.6M oz Silver at 14.97 g/t. - Development Stage: The project is in the advanced exploration/resource expansion stage. The recent discovery of the Ranch Trend suggests the system is much larger than previously modeled.