Mining Co. Advances Massive Project Towards Maiden Resource Estimate in Nevada's Walker Lane

1. StrikePoint Gold Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
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1. Disclosure for the quote from the John Newell article published on August 11, 2025

1. For the quoted article (published on August 11, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$2,000.
2. Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a  U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

John Newell Disclaimer

As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) announced preliminary assay results from its Spring 2026 drilling campaign at the Hercules Gold Project in the renowned Walker Lane area of Nevada, a May 4 release said.

The drilling program included 29 holes covering a total of 3,918 meters. The primary aim of was to gather adequate data to formulate a maiden resource estimate, which is expected by the fourth quarter of 2026, the company said.

"From this initial batch of results, drilling continues to show the near surface, predictable nature of the mineralization at Hercules," President and Chief Executive Officer Michael G. Allen said. "Hole H260011 showed significant high-grade mineralization on the southern end of the Hercules Target. It may represent a new high-grade corridor for further follow up drilling, while H26014 showed more than 60 meters of continuous gold mineralization at the Cliffs target."

The initial results released are from the first nine Reverse Circulation (RC) drill holes, which spanned 1,440.18 meters. The company noted here was currently not enough data to determine the true thickness of the mineralized zones.

Hole H26011 encountered 21.34 meters of 0.62 g/t Au and 8.6 g/t Ag and was terminated in mineralization, with the final sample grading 0.28 g/t Au and 3.1 g/t Ag. This indicates potential discovery of a new high-grade gold zone west of the previously modeled mineralization.

Further details from the drilling report include Hole H26012, which intersected 13.72 meters grading 1.09 g/t Au and 4.6 g/t Ag, located on the southernmost part of the Cliffs; suggesting that the deposit is still open to the south.

Hole H26014 drilled through 60.96 meters of 0.21g/t Au and 2.8 g/t Ag, aimed at exploring extensions of known mineralization that had been obscured by later overburden, the company said. The considerable length of mineralization suggests that this part of the deposit remains open to further exploration to the south and at depth.

Additionally, H26017 marked the first drilling attempt at the Lucky Rusty showing, immediately encountering mineralization. This site is located over 2 kilometers north of H26012, expanding the known mineralized area significantly.

Co. Notes Project's Potential

StrikePoint announced the campaign earlier this year. The company acquired Hercules in August 2024 for CA$250,000. Following the acquisition, the company quickly highlighted the project's significant potential.

"As we launch on this drill program, we have the confidence of a strong, predictive geological model of controls on mineralization. With a relatively modest drill program we will have the data to complete our maiden resource estimate," Allen stated at the time. He also noted the strategic expansion of the project area, mentioning, "In addition, we’ve also recently consolidated the southern portion of the property, giving us control over the past producing Como District, allowing for further expansion of our exploration efforts among several promising high-priority targets."

Following the completion of this phase, StrikePoint plans to revise its existing drilling permits to include the newly integrated Como District. This expansion was achieved through the acquisition of 51 unpatented claims in the Como District, an area with a rich history of production. Historical data from surface sampling in this district has revealed high gold and silver values, with gold peaking at 166.62 g/t and silver at 109.72 g/t. From a total of 623 historical surface samples collected across the Como District and the surrounding areas now under StrikePoint’s control, 93 samples have shown gold grades exceeding 1 g/t. This historical data underscores the enriched mineral potential of the area, bolstering StrikePoint's exploration prospects.

A Potentially Undervalued Player, Analyst Says

¹The company is a potentially undervalued player in the gold exploration sector of Nevada's Walker Lane, according to John Newell of John Newell & Associates in a review of the stock.

In an article published by Streetwise Reports on August 11, Newell expressed surprise at the company's strategic acquisition of Hercules, noting its previous sale price of US$25 million, contrasting sharply with StrikePoint's purchase price of just a fraction of that. This acquisition, according to Newell, involves a large, fully permitted for exploratory drilling oxide gold system that is now being leveraged by StrikePoint towards a maiden resource estimate expected in late 2026.

Newell emphasized that despite these promising developments, the broader market has yet to fully recognize StrikePoint's potential. "And the market hasn't caught on," he remarked, adding a speculative "Yet."

He characterized StrikePoint (SKP.V) as possessing a unique blend of attributes favorable for investment: "a rare combination: deep-value optionality, a fully permitted oxide gold asset in one of the world's best mining jurisdictions, a proven technical and capital markets team, and a meaningful exploration target on a district-scale land package."

Furthermore, Newell highlighted the company's efficient share structure and ongoing drilling activities, suggesting these factors, combined with expected news flow in the near future, set the stage for a speculative turnaround in the company's fortunes.

Stock Titan, reporting on the May 4 release on the same day, noted, "Key intercepts include 21.34 m @ 0.62 g/t Au, 8.6 g/t Ag (H26011) and 13.72 m @ 1.09 g/t Au, 4.6 g/t Ag (H26012). A maiden resource is targeted for Q4 2026. True thickness is undetermined."

Gold Facing Headwinds With a Divided Fed

In early U.S. trading on Monday, spot gold and silver prices experienced declines amid a stronger inflation-risk environment, influenced by a rebound in crude oil prices due to escalating tensions in the Persian Gulf, according to a May 4 report by Kitco News. The trading volume was notably lower than usual due to the closure of major markets in China, Japan, and the U.K. for public holidays. At the time of reporting, spot gold was trading near US$4,570.26 an ounce, showing a decrease of 0.95%, and spot silver was at US$73.953 an ounce, down by approximately 1.86%.

The financial markets are currently processing a variety of global manufacturing data, which presented a mixed picture. South Korea's manufacturing PMI for April showed an increase to 53.6, and India's final April manufacturing PMI also rose to 54.7 from 53.9. However, in Europe, the situation was more varied; while France's final manufacturing PMI increased to 52.8 from 50.0, Germany's and the Eurozone's PMIs declined, indicating a softening in manufacturing activity in these regions, the report said.

Market participants are also focused on upcoming speeches and surveys from the European Central Bank and comments from Bank of Canada officials. These are being closely watched for insights into how policymakers are balancing the risks of energy-driven inflation with the signs of inconsistent global economic growth.

The geopolitical landscape, particularly the ongoing U.S.-Iran conflict, is also impacting market sentiments. Over the weekend and into Monday, oil prices surged as the U.S. initiated a military-supported maritime operation in the Strait of Hormuz to aid stranded vessels, a move that Iran has rejected while still reviewing an American response to a peace proposal. This situation presents a complex scenario for gold prices; geopolitical risks tend to support gold as a safe-haven asset, yet the rising oil prices are heightening inflation concerns, which could dampen hopes for imminent rate cuts.

According to another report on Kitco in May 4, this one by Ernest Hoffman, a divided Federal Reserve looks unlikely to stimulate gold demand with a rate cut this year, while silver demand is getting a boost from European EV sales and infrastructure.

But according to an April 28 post on Goldfix, Goldman Sachs analysts Lina Thomas and Daan Struyven have maintained their optimistic forecast for gold prices, predicting that they will reach US$5,400 per troy ounce by the end of 2026.

This projection is based on several factors including ongoing diversification by central banks, a normalization of currently low speculative positions, and anticipated Federal Reserve rate cuts totaling 50 basis points, as expected by their economists.

Despite a temporary slowdown in central bank gold purchases in February 2026, which saw only 2 tonnes being bought amid extreme price volatility, Goldman Sachs expects an average monthly purchase of 60 tonnes throughout the year. This expectation aligns with sentiments from a recent Goldman Sachs central bank conference where approximately 70% of participants anticipated an increase in global gold reserves, and about 25% expected them to remain stable.

However, the analysts also acknowledge potential short-term risks that could pressure gold prices downward. These include possible continued liquidations if disruptions in the Strait of Hormuz persist, or corrections in the bond or equity markets. Notably, they mention that much of the gold positioning and call option overhang has already been cleared, which might mitigate some of the downward pressure.

Ownership and Share Structure²

Executive Chairman Shawn Khunkhun holds 0.19% of the company, President and CEO Allen holds 0.98%, Director Ian Richard Harris holds 0.04%, and Director Adrian Wallace Fleming holds 0.01%.

Just over 1% is held by insiders and management, and Mining financier Eric Sprott owns about 5% through his company, 2176423 Ontario Ltd.

The company has 62.39 million shares in circulation and a market capitalization of CA$11.23 million. It trades within a 52-week range of CA$0.08 to CA$0.34.