Explorer Drills Best-Ever Hole at High-Grade Nevada Gold Project

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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 new assay results from its Spring 2026 drilling campaign, including what the company described as the "best ever drill hole into the Hercules Gold Project" in Nevada's Walker Lane, according to a May 26 release.

These results are part of an effort to gather enough data for a maiden resource estimate (MRE) expected by the fourth quarter of 2026. The highlight of this batch is the record-setting drill hole H26004, which produced the project's highest grade-width results to date, with 114.30 meters grading 0.69 grams per tonne gold (g/t Au) and 5.03 g/t Ag (silver) starting from 135.64 meters downhole.

The mineralization in this hole was primarily oxide with some remaining sulfides, indicating the potential for developing Hercules into an open pit heap leach mine, a common type in Nevada, the company noted.

"We are very pleased with the drilling to date, including the best hole delivered in the history of the project," StrikePoint President and Chief Executive Officer Michael G. Allen said. "H26004 intersected mineralization at a grade above the upper bound of our Hercules Exploration Target."

He continued, "The hole ended in mineralization and the zone remains open to the south. Based on drilling since StrikePoint took control of Hercules, we have outlined a broad, near-surface oxide gold zone at the south end of the Cliffs target, the kind of widths and grades that could potentially support the open-pit, heap-leach scenario contemplated for the project."

According to the release, Hole H26004 also yielded broader intercepts of 9.14 meters at 2.95 g/t gold and 16.18 g/t silver; 7.62 meters at 1.02 g/t gold and 6.76 g/t silver; and another 9.14 meters at 1.23 g/t gold and 6.62 g/t silver. This hole is positioned to the west of Hole H260014, which itself intersected 60.96 meters of 0.21 g/t gold and 2.8 g/t silver, targeting the same mineralization lobe previously encountered in Hole H25005.

The strategic placement of these three holes at the southern end of the Cliffs showing confirms that the mineralization is notably open to the south. However, drilling of H26004 was halted earlier than planned due to challenging drilling conditions, with the final sample from the hole showing 0.41 g/t gold and 6.4 g/t silver.

Expanding With New Como District

StrikePoint Gold Inc. recently completed a drilling program consisting of 29 holes, spanning a total of 3,918 meters. The primary goal of this initiative was to collect sufficient data to support the creation of a maiden resource estimate, anticipated by the end of the fourth quarter of 2026. The company had previously announced this drilling campaign earlier in the year, following its acquisition of the Hercules project in August 2024 for CA$250,000.

"At the launch of 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," said Allen at the outset of the drilling. He also highlighted the strategic growth of the project area, stating, "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 this phase, StrikePoint intends to update its drilling permits to encompass the newly incorporated Como District. This expansion involved the acquisition of 51 unpatented claims in the Como District, a region known for its historical production. Analysis of historical surface sampling in this district has shown high concentrations of gold and silver, with gold reaching up to 166.62 g/t and silver up to 109.72 g/t.

Out of 623 historical surface samples collected from the Como District and the surrounding areas now under StrikePoint’s management, 93 samples revealed gold grades over 1 g/t, StrikePoint has said.

Analyst: The Market Hasn't Caught On

¹John Newell of John Newell and Associates has identified StrikePoint Gold Inc. as a potentially undervalued entity within the gold exploration landscape of Nevada's Walker Lane. His analysis, featured in an August 11 article by Streetwise Reports, highlights the company's strategic acquisition of the Hercules project for a price significantly lower than its previous sale price of US$25 million.

Newell pointed out that the project, which is fully permitted for exploratory drilling, presents a substantial oxide gold system that StrikePoint is now advancing towards an MRE.

Despite these promising developments, Newell observes that the market has not yet fully appreciated StrikePoint's value. "And the market hasn't caught on," he commented, hinting at future recognition with the word "Yet."

He describes StrikePoint as having "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."

Additionally, Newell praised the company's streamlined share structure and its active drilling operations, suggesting that these elements, along with anticipated forthcoming announcements, could catalyze a turnaround in the company's market standing.

The Catalyst: Gold Shows Minimal Response to Economic Headwinds

The gold market is finding it difficult to gain new bullish momentum amid declining U.S. consumer confidence, which is being affected by rising inflation and increasing risks of a recession, according to Neils Christensen of Kitco News on May 26. The Consumer Confidence Index fell slightly to 93.1 in May from 93.8 in April, as reported by the Conference Board on Tuesday. This decline was less severe than expected, with economists having predicted a drop to 91.9.

Dana M. Peterson, chief economist at The Conference Board, commented on the situation, stating, "Consumer confidence edged downward in May as the inflationary impacts of the war in the Middle East intensified. Consumer appraisals of current business conditions and the current labor market were moderately less positive compared to last month. This was somewhat offset by modest improvements in consumers' expectations for business conditions and the labor market six months from now. Meanwhile, income expectations eased in May, as those anticipating lower income rose."

Despite these economic indicators, the gold market showed minimal response, with spot gold trading at US$4,509.10 an ounce, reflecting a decline of more than 1% on the day. The ongoing conflict in the Middle East continues to push oil prices higher, contributing to new inflation concerns that are influencing gold prices.

Despite the prevailing economic challenges, Jeffrey Roach, chief economist at LPL Financial, told Christensen he remains optimistic about the potential for economic recovery by year-end, supported by a relatively stable labor market.

"Given the current pricing pressures, we would have expected a more dramatic decline in confidence. However, consumers feel the employment situation will improve by the end of the year. Hence, discretionary spending on items such as travel should increase after the temporary hold on spending," he explained.

Roach said he anticipates a temporary dip in GDP growth due to cautious consumer behavior but expects a rebound later in the year if geopolitical tensions ease.

Since the onset of the joint U.S. and Israeli military operations in Iran in late February, gold prices have been influenced by geopolitical tensions. However, according to UBS analysts, the focus is shifting towards broader economic concerns, noted Scott Kanowsky for Investing.com on May 26.

A significant rise in oil prices has heightened fears of energy-driven inflation, prompting expectations that central banks, including the Federal Reserve and the European Central Bank, might increase interest rates again, the analysts said. As interest rates rise, non-yielding assets like gold typically underperform because they do not produce interest.

Additionally, government bond yields have seen a recent increase. Since bond yields and prices move inversely, this surge suggests a decrease in bond prices. UBS analysts Dominic Schnider and Wayne Gordon noted, "Against this backdrop, the inverse relationship between U.S. real yields and gold has reasserted itself over recent months."

They pointed out that the correlation between rate-sensitive two-year Treasury yields and gold is currently negative, indicating that these assets are moving in opposite directions — a shift from earlier in 2026 when the correlation was slightly positive.

The UBS analysts further explained, "In our view, markets are rediscovering the concept of opportunity cost, with gold’s non-yielding characteristics once again becoming a more important consideration as real rates remain elevated." They observed that earlier in the year, gold was increasingly seen as a hedge against liquidity and fiscal issues, but now investors are shifting their focus back to money market instruments. This shift underscores a renewed emphasis on the opportunity costs associated with holding gold in a higher interest rate environment.

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$10.59 million. It trades within a 52-week range of CA$0.08 to CA$0.34.