- StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) has filed a NI 43-101 technical report for the Hercules Gold Project, outlining an exploration target of 819,000 to 1,018,000 ounces of gold.
- The project, located in Nevada's Walker Lane, was acquired in September 2024 for $250,000, and the exploration target is based on data from historical drilling and trenching.
- StrikePoint completed an initial drilling program of 1,400 meters, with assay results pending, and the project showcases a significant silver-to-gold ratio of 9.73:1, though silver was not modeled in the target.
StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF), a gold exploration company, has announced the completion of its first technical report for the 100%-owned Hercules Gold Project located in Walker Lane, Nevada. Acquired for $250,000 in September 2024, the Hercules Project holds an exploration target ranging between 819,000 and 1,018,000 ounces of gold within 40.3 to 65.6 million tonnes of mineralized material, with estimated grades between 0.48 and 0.63 grams per tonne (g/t) Au.
The report highlights the use of data from 306 historical drillholes totaling 31,776 meters, combined with 121 surface trenches, leveraging AI technology to generate trend models and grade shells. This innovative approach aims to confirm and potentially expand known mineralization at the Hercules site.
StrikePoint Gold has recently completed an initial drilling program, comprising seven drillholes totaling approximately 1,400 meters, with all samples sent for assay. The project features a notable silver-to-gold ratio of 9.73:1, derived from historical data, although silver was not included in the exploration target model.
The project hosts several untested targets, providing potential for further resource expansion. However, the current exploration target remains conceptual, with no defined mineral resource established, and further exploration is required to determine the economic viability of the project.
