StrikePoint Gold Receives Permit for Drilling on Pony Meadows Target, Hercules Gold Project, Nevada
Rhea-AI Summary
StrikePoint Gold (OTCQB: STKXF) has received approval from the Bureau of Land Management of Nevada for exploration drilling at its Pony Meadows Target within the Hercules Gold Project. The permit allows for three drill pads with associated road disturbance.
The Pony Meadows Target features a 2.6-kilometer mapped structure with confirmed gold presence. The company also holds two additional drill permits for the southern portion of the project at Sirens and Como Comet showings, where historical drilling revealed significant results including 38.10 meters grading 0.64 g/t gold.
The Hercules Gold Project contains an Exploration Target of 819,000 to 1,019,000 ounces of gold, grading between 0.48 g/t and 0.63 g/t Au, positioning it favorably amid recent Nevada gold sector acquisitions.
Positive
- Project contains Exploration Target of 819,000-1,019,000 ounces of gold
- Received three strategic drill permits for exploration
- Historical drilling showed promising results with 38.10m grading 0.64 g/t gold
- Project's grade (0.48-0.63 g/t Au) comparable to recently approved Goldfield Project (0.66 g/t Au)
Negative
- Exploration stage project with no defined mineral resources yet
- Historical drill holes ended in mineralization, indicating incomplete testing
News Market Reaction
On the day this news was published, STKXF gained 14.29%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2025) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce the confirmation from the Bureau of Land Management of Nevada ("BLM") that the Company's Notice of Intent to Explore (the "Notice") has been reviewed and concluded that the Notice is complete and the proposed exploration approved.
StrikePoint is approved for a total of three drill pads at the Pony Meadows Target with a minor amount of associated drill road disturbance.
Michael G. Allen, President and CEO of StrikePoint, said, "The Pony Meadows Target is interpreted to be a large-scale ring structure, similar to the structures that host significant gold mineralization further to the north of our
In addition to the Pony Meadows drill permit, the Company has two additional drill permits for the southern portion of the Hercules Gold Project, one at Sirens and a second at the Como Comet showing.
The Sirens showing received a minor amount of historical drilling in 2008. Notable results included 38.10 metres ("m") grading 0.64 grams per tonne ("g/t") gold ("Au"), ending in 0.85 g/t Au, as well as 25.91m of 0.68 g/t Au ending in 0.91 g/t Au. The fact these holes end in significant gold grade indicates that the target has not been adequately tested.
The Como Comet showing is located between the Como District controlled by Newmont Mining Corporation and the past producing Hully Logan Mine. Surface sampling of up to 5.0 g/t Au have been received and many significant historical drill intercepts have been noted in the area.
With drill permits in hand, StrikePoint is preparing for an upcoming drill program.
To view video briefs on StrikePoint's projects and hear commentary on other Nevada gold projects from Strikepoint CEO Michael G. Allen, visit the company's YouTube Channel.
Nevada Gold Industry Update:
Michael G. Allen, President and CEO of StrikePoint, said, "In recent months, Nevada has been a hotbed of merger and acquisition activity. The Pan Gold mine is in the process of being sold by Equinox Gold Corp. to Minera Alamos Inc. for consideration of US
Upcoming Events:
The Company will be presenting at the upcoming virtual Emerging Growth Conference on Thursday, September 25, 2025 at 1:10 pm Eastern Time. Further information and registration for the Emerging Growth Conference can be found here.
In addition, StrikePoint will be attending the upcoming Metals Investor Forum, taking place at the JW Marriott Parq Hotel in Vancouver, British Columbia, on September 26 and 27, 2025. StrikePoint CEO, Michael G. Allen, will be presenting at 3:50 pm on Saturday September 27th. Conference information and registration can be found at the Metals Investor Forum website.
About StrikePoint
Headed by CEO Michael G. Allen, StrikePoint is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and in Canada.
Mr. Allen has been working in the Walker Lane for the last 15 years, with multiple transactions completed in that timeframe including the acquisition of the Sterling Gold Project, located near Beatty, Nevada, and the sale of Northern Empire Resources Corp. to Coeur Mining, Inc. for approximately C
The Management and Board of StrikePoint has strong expertise in exploration, finance and engineering.
StrikePoint is rapidly becoming one of its largest holders of mineral claims with approximately 145 square kilometers of prospective geology under claim, encompassing two district scale projects, the Hercules Gold Project and the Cuprite Gold Project.
ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC.,
"Michael G. Allen"
Michael G. Allen
President, Chief Executive Officer & Director
For more information, please contact:
StrikePoint Gold Inc.
Knox Henderson
T: (604) 551-2360
E: kh@strikepointgold.com
W: www.strikepointgold.com
Cautionary Statement on Forward-Looking Information
Certain statements made and information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "speculates", "could" or "would".
All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward-looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267426
FAQ
What drilling permits did StrikePoint Gold (STKXF) receive for its Hercules Gold Project?
What is the size of StrikePoint Gold's Exploration Target at the Hercules Project?
What were the historical drilling results at StrikePoint's Sirens showing?
How does StrikePoint's Hercules Project compare to recent Nevada gold transactions?
What is the size of the structure at StrikePoint's Pony Meadows Target?
