Drilling Broad Zones Of Near Surface Oxide Gold At Hercules Gold Project

VANCOUVER - StrikePoint Gold Inc. reported on the Spring 2025 drill program on the Hercules Gold Project located in Nevada's prolific Walker Lane.

Michael G. Allen, President and CEO, said, "This drill program successfully demonstrated that the Hercules Gold Project has a predictable, large, epithermal footprint hosting abundant near surface oxide gold. Our geological model for the project has been confirmed and we believe that the mineralization at Hercules shows the grade and consistency to move forward with the project. Holes 5 and 6 were particularly interesting as they delivered strong mineralization at the southern extremes of the target areas, indicating that the mineralizing systems remain robustly open."

The Company completed 7 drillholes totaling approximately 1,400 meters of reverse circulation drilling in March of 2025 on the Hercules Gold Project. All seven holes hit near surface gold in significant quantities.

Hole H25005 which cut 117.35 m of 0.45 g/t Au with 3.55 g/t Ag is the furthest south drilling on the Cliffs target to date and shows that the system remains open to the south. The next nearest hole to the to H25005 is hole H20040 which returned 39.62m of 1.12 g/t Au with 5.38 g/t Ag. These two holes give a strong indication of the strength of the mineralization at the southern portion of the Cliffs Target.

Similarly, H250006 encountered 10.67m of 1.17 g/t Au and 18.13 g/t Ag starting at surface with an additional 44.20m of 0.35 g/t Au and 4.34 g/t Ag showing that multiple zones of the Hercules showing are also open to the south.

Hole H25007 was drilled to test a geochemical anomaly to the east of the Loaves showing and hit two zones of encouraging grades.

As expected, shallower gold intercepts showed higher cyanide solubility than deeper intercepts. Comparing cyanide soluble gold assays to fire assays showed that cyanide solubility ranged between 89% and 32% on a per hole basis. With drilling and subsequent testwork showing abundant near surface cyanide soluble gold, the Company is optimistic of the potential of an open pit heap leach operation at the Hercules Gold Project.