Announcement • Jun 10
Gold Strike Resources Corp Announces 2026 Drill and Exploration Program for Florin Gold Project
Gold Strike Resources Corp. had announced its 2026 exploration and drill program targeting the expansion of its inferred resource at the Florin Gold Project, in addition to advancing exploration across its FLR Gold Project and RJ Gold Project, all of which are located in the Mayo and Dawson Mining Districts, Yukon. 2026 drill program expected to comprise over 8,000 metres of diamond drilling. Initial drilling to target the inferred resources at the Florin Project, which comprises a pit-constrained inferred mineral resource of 2.507 million ounces of gold (162.783 million tonnes at 0.48 grams per tonne Au at a 0.30 g/t cut-off). Exploration drilling to test targets within 5 kilometres of the Florin Gold Deposit. Yellowknife-based Northtech Drilling Ltd. engaged to supply two diamond drill rigs, with mobilization planned for early July 2026. Class 3 Quartz Mining Approval (LQ00546a) for Florin Project extended through December 31, 2028, providing regulatory authority for the 2026 exploration program. Concurrent helicopter-borne magnetotelluric geophysical survey to cover the Florin Project, the FLR Project, and the RJ Project. Field crews to conduct stream sediment, soil, and rock sampling programs, building on historic exploration work. Drilling designed, in part, to generate metallurgical and structural data to support a future feasibility study. The 2026 drill program is expected to commence in early July and consist of at least 8,000 metres of diamond drilling at and around the Florin Project. The drill program will be focused on two objectives: first, to enhance the Company's understanding of the Florin Gold Deposit; and second, to conduct exploration drilling to test targets within 5 kilometres of the Florin Gold Deposit. Concurrent surface exploration and geophysical survey programs will extend across the Company's broader Yukon portfolio, including the FLR Project and the RJ Project, along with both Gold Strike One and Gold Strike Two. Gold Strike has awarded the drilling contract to Northtech Drilling Ltd. of Yellowknife, Northwest Territories, which will supply two diamond drill rigs. Mobilization of the rigs and establishment of the field camp are planned for early July 2026. The initial drill holes will focus on the southwest sector of the current inferred resource footprint where the resource remains open and where some of the higher grade historic drill holes were drilled. The Company's initial drill targets have been located in accordance with the resource model set forth in the technical report for the Florin Project. The drill program has also been designed to generate key technical information, including metallurgical and structural data, which will form part of the technical foundation required to support a future feasibility study for the Florin Project. In August 2026, one of the drill rigs will be dedicated to testing exploration targets within 5km of the Florin Gold Deposit, at which time data from the airborne geophysics is expected to be available to aid targeting. Concurrent with the drill program, Gold Strike will conduct a helicopter-borne magnetotelluric geophysical survey covering the Florin Project, FLR Project, and the RJ Project. This survey is expected to assist in identifying additional drill targets across the broader property portfolio. Field crews are expected to continue stream sediment, soil, and rock sampling programs across the Florin Project, the FLR Project, and RJ Project during the 2026 season, building on historic exploration work previously carried out on the property by the LIRECA Group, with the objective being able to produce additional drill targets for a 2027 drill program. The Class 3 Quartz Mining Approval (LQ00546a) for the Florin Project is valid through December 31, 2028. The extension was granted following the issuance of the Yukon government's YESAA Decision Document 2025-0069-0060. The Company's Florin Project consists of 500 quartz claims (~89km²) located in the Mayo and Dawson Mining Districts, Yukon, Canada. At the core of the Florin Project is the Florin Gold Deposit, which hosts a pit-constrained inferred mineral resource of 2.507Moz of Au (162.783 million tonnes at 0.48 g/t Au at a 0.30 g/t cut-off). The Florin Gold Deposit sits on a reduced intrusion complex with extensive gold-bearing alteration developed along its margins, with the current resource remaining open laterally in all directions as well as at depth. To date, 147 drill holes totalling approximately 31,000 metres (~22,500 metres at the Florin Gold Deposit area including the Saddle prospect and ~8,500 metres at the Regent prospect) have been completed across the intrusive system, leaving multiple structural corridors and intrusive contacts completely untested. Excluding the one-kilometre Florin Gold Deposit area, approximately four kilometres of the five-kilometre prospective geological trend remains to be drill tested, supported by coincident geochemical indicators. The Company's FLR Gold Project consists of 838 quartz claims (~165km²) and the RJ Gold Project consists of 349 quartz claims (~66km²), both located in the Mayo and Dawson Mining Districts, Yukon, Canada, contiguous with the Florin Project and adjacent to Sitka Gold Corp.'s RC project. Both projects are at an early exploration stage and are expected to benefit from the Company's 2026 surface exploration and geophysical survey programs. The mineral resource estimate was prepared by GeoSim Services Inc. (Ronald G. Simpson, P.Geo.) and David Kelsch, P.Geo., with an effective date of December 5, 2025.
