Gold Strike Resources Stock Price, News & Analysis

Gold Strike Resources (OTC: SADMF, TSXV: GSR) appointed Mr. Jim Gowans as Chairman of its advisory board effective October 29, 2025.

Management said Mr. Gowans brings >40 years of mining leadership, prior senior roles at Barrick Gold (EVP/COO Jan–Jul 2014; Co‑President Jul 2014–Aug 2015; senior advisor Aug–Dec 2015), board experience at Cameco, Trilogy Metals and others, and recent CEO/chair roles tied to acquisitions (Arizona Mining acquired for C$2.1 billion; Dominion Diamond acquired for US$1.2 billion). The appointment is described as strengthening strategic vision, governance and execution of key initiatives.

Gold Strike Resources Corp (OTC Pink:SADMF) reported results from an August 2025 helicopter-supported first-pass program at its Gold Strike Two project, Yukon.

Key findings: 80 rock samples collected; multiple prospects returned >0.1 g/t Au (100 ppb) with a max gold assay 478 ppb. Pathfinder elements were elevated, including bismuth and arsenic >10,000 ppm and tungsten up to 2,920 ppm. Mineralization was observed as sheeted quartz veins in Rogue granodiorite and hornfels over a ~1.5 km float train.

Corporate items: launched a new corporate website and entered an advertising services agreement payable US$250,000 (subject to TSX-V approval; estimated C$350,350).

LIRECA Resources Corp. has significantly increased its ownership in Sanatana Resources Inc. (OTC:SADMF) through a major acquisition of 24,745,620 common shares. The transaction was completed on October 1, 2025, as part of an asset sale involving certain quartz claims in the Yukon.

Following the acquisition and concurrent private placement, LIRECA's total holdings increased to 31,235,999 common shares and 295,000 warrants, representing approximately 46.53% of Sanatana's outstanding shares on a non-diluted basis and 46.76% on a partially-diluted basis. This marks a significant increase from their previous ownership of approximately 18.84% non-diluted.

LIRECA has obtained the contractual right to nominate one director to Sanatana's board, though this right remains unexercised as of the announcement date.

Sanatana Resources Inc. (TSXV: STA) has completed its previously announced acquisition of the Gold Strike One Project (Yukon) and Abitibi Property (Quebec) from LIRECA Group, constituting a non-arm's length Reverse Takeover. The transaction includes:

As consideration, Sanatana issued 24,745,620 common shares and paid $1.8 million for Gold Strike One, plus $200,000 for the Abitibi Property. The deal includes royalty agreements of 2% net smelter returns for Gold Strike One and 3% for Abitibi Property.

Notably, the Gold Strike One project is located less than 500 metres south of Snowline Gold Corp.'s Valley Deposit. The company also completed a concurrent non-brokered private placement raising $4.76 million and plans to change its name to "Gold Strike Resources Corp." with ticker "GSR".

Sanatana Resources Inc. (TSXV: STA) has appointed Timothy Barry to its advisory board, strengthening its leadership team with an experienced mining executive. Barry brings over 20 years of international geological and executive experience across multiple continents, currently serving as CEO of Arras Minerals and Silver Bull Resources.

Barry's extensive background includes roles as Chief Geologist for Dome Ventures, managing exploration programs across Africa. He holds a Bachelor of Science degree from the University of Otago and is a Chartered Professional Geologist (CPAusIMM), currently based in Kazakhstan.

Sanatana Resources (TSXV: STA) has appointed Dylan Dix to its Advisory Board. Dix brings over 25 years of experience in the luxury goods and diamond sector, having previously served as VP of Marketing at Dominion Diamonds. His expertise includes developing traceable solutions for diamond and gold distribution, along with significant experience in corporate governance and industry networking.

Dix holds a B.A. from the University of British Columbia and an M.A. from the University of the Arts in London. His appointment is expected to enhance Sanatana's strategic vision through his extensive industry knowledge and network.

Sanatana Resources (TSXV: STA) provided an update on its definitive agreement to acquire the Gold Strike One Project (Yukon) and Abitibi Property (Quebec) from LIRECA Resources and its affiliate Florin Resources. The transaction, announced on July 3, 2025, constitutes a Reverse Takeover and will result in the company being renamed to "Gold Strike Resources Corp."

The company is preparing a TSX-V filing statement and seeking minority shareholder approval through written consent. Due to TSX-V requirements for financial statements of the Target Assets and pending regulatory approvals, the closing date is now expected in September 2025. The company has also applied to the Ontario Securities Commission for an exemption from the shareholder meeting requirement.

Sanatana Resources (TSXV: STA) has initiated its exploration program at the Gold Strike Two Project in Yukon's Tombstone Gold Belt, located approximately 15km east of Snowline Gold Corp's Valley gold deposit. The company has already discovered sheeted quartz veins in two distinct locations - one in the Rogue intrusion and another in hornfels, with up to ten veins per metre observed.

The project area is situated within the Rogue Plutonic Complex region, known for hosting reduced intrusion-related gold system (RIRGS) style mineralization. Previous exploration work identified two anomalous zones: a southern zone with Au, Cu, As, and Zn anomalies, and a northwestern zone showing Au, Bi, W, and U anomalies. The company plans to conduct stream sediment sampling, soil sampling, and rock sampling to further investigate these zones.

Sanatana Resources (TSXV: STA) has signed a market making services agreement with Independent Trading Group (ITG), effective August 1, 2025. The agreement aims to maintain reasonable market conditions and enhance the liquidity of Sanatana's shares on the TSX Venture Exchange.

The contract has an initial term of one month with automatic monthly renewals. Sanatana will pay ITG a monthly fee of $5,000 plus applicable taxes. The agreement is strictly cash-based, with no equity compensation or performance obligations. Both parties maintain an arm's length relationship, with ITG having no direct or indirect interest in Sanatana's securities.