Mining Company Uncovers Nevada Gold Breakthrough

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2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of StrikePoint Gold Inc.
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* 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.

StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) announced that the Bureau of Land Management of Nevada has reviewed and approved its Notice of Intent to Explore, the company said in a release.

The approval allows StrikePoint to establish three drill pads at the Pony Meadows Target, with minimal associated road disturbance.

"The Pony Meadows Target is believed to be a large-scale ring structure, akin to those hosting significant gold mineralization further north of our wholly owned Hercules Gold Project," President and Chief Executive Officer Michael G. Allen said. "We are particularly excited because surface exploration at Pony Meadows has identified a mapped structure approximately 2.6 kilometers long, and we have successfully panned gold from the vein within this structure."

In addition to the Pony Meadows permit, the company said it has secured two more drill permits for the southern part of the Hercules Gold Project, one at the Sirens location and another at the Como Comet showing.

The Sirens area underwent limited historical drilling in 2008, yielding notable results such as 38.10 meters grading 0.64 grams per tonne (g/t) gold (Au), ending in 0.85 g/t Au, and 25.91 meters of 0.68 g/t Au ending in 0.91 g/t Au. The fact that these drill holes end in significant gold grades suggests the target has not been fully explored.

The Como Comet showing is situated between Newmont Mining Corporation's Como District and the historically productive Hully Logan Mine. Surface samples have returned up to 5 g/t Au, and numerous significant historical drill intercepts have been recorded in the area.

With drill permits now secured, StrikePoint said it is gearing up for an upcoming drilling program.

Nevada Gold Industry Update

Allen said the state has recently 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$115 million in cash and shares," Allen noted. "In addition, AngloGold Ashanti plc announced the acquisition of Augusta Gold Corp. for cash consideration of CA$197 million. StrikePoint’s Hercules Gold Project with a National Instrument 43-101 defined 'Exploration Target' of between 819,000 and 1,019,000 ounces of gold, grading between 0.48 g/t and 0.63 g/t Au, compares favorably to these recently announced transactions."

In addition, Centerra Gold Inc. recently announced a positive development decision on the Goldfield project, with an average head grade of 0.66 g/t Au, Allen noted.

"These recent developments in the Nevada gold space demonstrate the potential value of the Hercules Gold Project," he said.

The company said it will present at the virtual Emerging Growth Conference on September 25 at 1:10 pm ET. Additionally, StrikePoint will participate in the upcoming Metals Investor Forum at the JW Marriott Parq Hotel in Vancouver, British Columbia, on September 26 and 27.  Allen will present at 3:50 pm on September 27.

One of Walker Lane's 'Most Overlooked' Exploration Stories

*Writing on August 11, John Newell of John Newell & Associates said that StrikePoint "may be one of the most overlooked gold exploration stories in Nevada's Walker Lane."

He continued, "In a move that stunned insiders familiar with the asset, the company acquired the Hercules Gold Project, a large, fully permitted oxide gold system, for just US$250,000 after the asset had previously sold for US$25 million."

Now, with fresh capital, a tight share structure, and a new drill plan, the company is beginning to confirm a 1-million-ounce exploration target, he noted.

"And the market hasn't caught on," Newell wrote. "Yet."

John Newell of John Newell & Associates said that StrikePoint "may be one of the most overlooked gold exploration stories in Nevada's Walker Lane."

The stock is currently trading at levels where many investors have already exited, Newell noted. The stock neared multi-year lows when he was writing August 11 at CA$0.075 (it has since risen and was CA$0.115 on September 23).

From a technical perspective, this is often where the risk-reward dynamic begins to shift — not because the trend has reversed, but because the selling pressure has finally subsided.

The expert rated the stock Speculative Buy. He set several price targets for the stock: the first target is a breakout above CA$0.10, a key psychological level. A decisive move through this level, supported by volume, could pave the way for a test of the 50-day moving average near CA$0.13.

Newell said his second target was CA$0.22, his third was CA$0.31, and his "Big Picture Target" was CA$0.50. Achieving this would require a fundamental re-rating, but technically, it remains possible if a sustained trend develops.

"SKP.V is 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," Newell said. "Add in a tight share structure, current drilling, and the possibility of news flow in the coming months, and you have the ingredients for a speculative turnaround."

The Catalyst: Gold Keeps Rising

Gold prices (XAUUSD) soared to a new record high of US$3,790 per ounce on Tuesday, "proving that gold bugs really do get their day in the sun," the website TradingView reported on September 23.

The rally was driven by expectations of further Federal Reserve rate cuts and a weakening dollar, with traders eagerly awaiting Fed President Jerome Powell's upcoming comments for policy insights.

However, several Fed officials on Monday struck a cautious stance on the expectations of more interest rate cuts, with Atlanta Fed President Raphael Bostic stating in an interview that he did not favor an October rate cut on caution over sticky inflation, reported Peter Nurse for Investing.com on September 23.

Cleveland Fed president Beth Hammack echoed Bostic's concerns, stating that current policy was not restrictive enough. Both Fed members are not part of the central bank's rate-setting board.

Board member Stephen Miran, who took the position a week ago, kept up his calls for substantially lower interest rates, echoing Trump's stance that rates should fall substantially, Nurse wrote. Miran was a sole dissenter in the Fed's meeting last week, calling for a 50-basis-point cut over the 25-point cut the central bank enacted.

U.S. PMI data for September is expected to offer up more cues on business activity in the world's largest economy. It's expected to show slightly slower growth in both manufacturing and services activity and could spur some concerns over a cooling U.S. economy. 

PCE price index data, which is the Fed's preferred inflation gauge, is due this Friday and will be the week's main economic event. The print is expected to show inflation remained sticky in August, with core PCE inflation remaining above the Fed’s 2% annual target, according to Nurse.

Before the PCE data, markets will also be watching a final reading on second-quarter gross domestic product growth. Earlier prints showed the world’s largest economy growing more than expected in the June quarter, despite headwinds from tariffs. 

Ownership and Share Structure

According to Refinitiv, Executive Chairman Shawn Khunkhun owns 0.28% of the company, President and CEO Allen owns 1%, Director Ian Richard Harris owns 0.07%, and Director Adrian Wallace Fleming owns 0.02%.

Refinitiv reported that institutional and strategic investors own approximately 13.47% of the company, including 2176423 Ontario Ltd. with 7.17%, and Pathfinder Asset Management Ltd. with 4.81%.

According to Refinitiv, the company has 41.59 million shares outstanding and a market cap of CA$3.95 million. It trades in a 52-week range of CA$0.08 and CA$0.37.