Announcement • May 26
Strikepoint Gold Inc. Reports Best Drill Hole to Date At Hercules Gold Project with H26004 Cutting 114.30M Grading 0.69 G/T Au and 5.03 G/T Ag
StrikePoint Gold Inc. has announced a second batch of assay results from its Spring 2026 drill program on the Hercules Gold Project located in Nevada's Walker Lane. The current program is intended to provide sufficient data to support a maiden resource estimate, anticipated in Fourth Quarter, 2026. The second batch of drill results returned the best ever drill hole into the Hercules Gold Project as determined by grade-width. Hole H26-004 returned 114.30m grading 0.69 g/t Au and 5.03 g/t Ag from 135.64m down the hole. Critically, this mineralization was dominantly oxide with minor relict sulphides noted, suggesting that the Hercules Gold Project could potentially develop into an open pit heap leach mine, similar to other mining operations in Nevada. The hole ended in mineralization and the zone remains open to the south. Based on drilling since StrikePoint took control of Hercules, a broad, near-surface oxide gold zone at the south end of the Cliffs target has been outlined, the kind of widths and grades that could potentially support the open-pit, heap-leach scenario contemplated for the project. Length reported above is sample length, there is insufficient data to estimate true thickness. H26004 returned 114.3m of 0.69 g/t Au with 5.03 g/t Ag, with three higher grade intervals captured within the overall intercept, including, 9.14m of 2.95 g/t Au and 16.18 g/t Ag, 7.62m of 1.02 g/t Au and 6.76 g/t Ag and finally 9.14m of 1.23 g/t Au and 6.62 g/t Ag. The hole is located to the west and of Hole H260014, which cut 60.96m of 0.21 g/t Au with 2.8 g/t Ag, and was targeting the same lobe of mineralization that was encountered in H25005. The three holes are at the southern end of the Cliffs showing and show that the mineralization remains strongly open to the south. H26004 was terminated prematurely due to difficult drilling conditions, the final sample returned 0.41 g/t Au with 6.4 g/t Ag. Other holes in this release returned shallow mineralization characteristic of the Hercules Gold Project. The Hercules Gold Project features an Exploration Target, as defined by NI 43-101, as follows: Hercules Gold Project Exploration Target Model Exploration Target Tonnage Range (tonnes) Grade Range (g/t) Au 40,300,000 - 65,600,000 0.48 - 0.63 The stated potential quantity and grade is conceptual in nature, and there has not been sufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The Exploration Target Model has not been evaluated for reasonable prospects of eventual economic extraction. The Exploration Target expressed should not be misrepresented or misconstrued as an estimate of a mineral resource or mineral reserve. The Exploration Target used data from the Sirens, Hercules, Cliffs, Loaves, Lucky Rusty, Rattlesnakes, and NorthEast showings on the Hercules Gold Project. In this area there are a total of 306 historical drillholes yielding a total of 31,776 m in the drillhole database along with data for 121 surface trenches. The drillhole database contains a total of 18,409 sample interval entries, with the trenches providing another 475 sample entries. A total of 5,620 sample intervals are contained within the mineralization domains utilized for the Exploration Target. The mineralization is near surface giving the potential of an open pit, heap leach (oxide) operation. In addition to the drill-tested targets in the northern part of the property there are over 40 undrilled targets on the property, some of which also include visible gold at surface. Samples were split in the field using industry standard techniques. Samples were sealed in individual numbered bags prior to shipment to ALS Global in Reno, Nevada for sample preparation, prior to assaying in ALS Global facilities in North Vancouver. Gold is determined by fire-assay fusion of a 30-gram sub-sample with atomic absorption spectroscopy (AAS). Various metals including silver, arsenic, and antimony are analyzed by inductively-coupled plasma (ICP) atomic emission spectroscopy, following multi-acid digestion.
