Explorer Uncovers High-Grade Nevada Gold With Bulk Potential

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.
2. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of StrikePoint Gold Inc.
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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), StrikePoint 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) reported the third and final set of assay results from its Spring 2026 drilling campaign at the Hercules Gold Project in Nevada's Walker Lane trend, according to a July 21 release.

The latest results continued to expand the SW Cliffs area, where drilling has intersected broad zones of continuous gold and silver mineralization, the company said.

Hole H26005 returned 67.06 meters grading 0.53 grams per tonne (g/t) gold (Au) and 11.69 g/t silver (Ag), including a higher-grade interval of 7.62 meters grading 2.93 g/t gold and 54.48 g/t silver.

"Hole H26005 demonstrates the continuity of the newly discovered zone of mineralization on the southwest extreme of the Cliffs Target," President and Chief Executive Officer Michael G. Allen said. "This material was logged as predominately oxide mineralization, which complements our vision for the Hercules Gold Project as a potential future heap leach operation. This is the final batch of holes from our Spring 2026 drill program, where we had notable successes, notably on the Cliffs Target, where this program's drilling returned 114.3 meters grading 0.63 g/t Au with 5.03 g/t Ag."

In addition to the primary intercept, hole H26005 encountered three other mineralized intervals consisting of 4.57 meters grading 0.16 g/t gold and 0.9 g/t silver, 7.62 meters grading 0.18 g/t gold and 2.24 g/t silver, and 32.01 meters grading 0.2 g/t gold and 2.43 g/t silver, according to the release. StrikePoint said the combined results represent more than 100 meters of gold and silver mineralization. The company added that the latest intercepts align with previously reported results from holes H26004, H26012 and H26014, further outlining a broad mineralized zone on the southwestern portion of the Cliffs Target.

Other notable assay results include H26022, which intersected 3.74 g/t Au over 1.52 meters; and H26018, which intersected 1.28 g/t over 7.62 meters.

StrikePoint said the area remains open for additional expansion and could be suitable for future open-pit mining.

The company said the remaining holes announced with this release focused on shallow mineralization and generally confirmed mineralization where it was anticipated across the Hercules project.

StrikePoint completed 29 drill holes during its Spring 2026 exploration program, targeting multiple shallow oxide gold prospects across the Hercules Gold Project. The campaign built on previous drilling and successfully extended known mineralization, particularly within the Cliffs Target, where several significant oxide gold intersections were identified.

A Significant Milestone

Last week, StrikePoint announced it had reached a significant milestone at Hercules with the publication of an independent technical report that provides the project's first conceptual estimate of its potential size.

Prepared under Canada's NI 43-101 disclosure standards and dated June 2, the report, which is available on SEDAR+, outlines an exploration target ranging from 39.8 million to 68.7 million tonnes with grades between 0.46 and 0.61 grams of gold per tonne (g/t). The report represents the first attempt by any operator to estimate the property's potential scale, while emphasizing that the exploration target is conceptual and based on limited available data.

StrikePoint acquired 100% ownership of the Hercules project in August 2024. The company noted that technical reports prepared in 2012 and 2020 by previous operators evaluated the property but did not attempt to estimate the size of the mineralized system. The new report advances that work while highlighting the limitations associated with the current level of exploration.

The company also released an updated technical report for its Cuprite Gold Project in Nevada. Prepared by Bryan A. Kellie, C.P.G., and Steven I. Weiss, C.P.G., Ph.D., the July 14 announcement said the revised report includes "certain enhanced disclosures to ensure the report provides a clear and complete summary of the project's technical merits."

The Hercules project is located within Nevada's Walker Lane trend, a region recognized for epithermal gold and silver deposits along the state's southwestern margin. The property lies about 40 kilometers southeast of Reno and approximately 20 kilometers east of the historic Comstock mine. Covering roughly 10,400 hectares, Hercules represents a substantial land position for a junior exploration company.

According to the APEX Geoscience technical report, Hercules hosts a classic low-sulfidation epithermal system featuring several northeast-trending vein structures that each extend for more than one kilometer. The report identified four principal mineralized zones — Cliffs, Hercules, Northeast and Loaves — which contain "both high-grade fissure veins and lower-grade, potentially bulk-mineable mineralization."

Expert: Market Will Catch On

¹John Newell of John Newell and Associates reviewed the stock on August 11, 2025, describing StrikePoint Gold as a potentially overlooked opportunity among gold exploration companies operating in Nevada's Walker Lane district. Newell highlighted the company's acquisition of the Hercules project at a price significantly below its previous US$25 million sale value.

Newell said the Hercules project is fully permitted for exploration drilling and hosts a large oxide gold system that StrikePoint is advancing toward a maiden mineral resource estimate. Despite that progress, he said investors have not yet fully reflected the project's potential in the company's valuation. "And the market hasn't caught on," he commented, adding the word "Yet." to suggest he expects broader market recognition in the future.

He described 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."

Newell also pointed to StrikePoint's streamlined share structure and ongoing drilling program as additional strengths. He said those factors, together with anticipated exploration news, could help strengthen the company's market profile going forward.

The Catalyst: Is Gold Oversold?

Paul Wong, managing partner and market strategist at Sprott Inc., said gold has become deeply oversold by virtually every key technical measure and is likely to establish a cyclical low before September, according to a report by Ernest Hoffman for Kitco News on July 20. He also said the long-term outlook for the precious metal remains supported by ongoing currency debasement, which he believes will ultimately drive gold to new record highs.

In an interview with Kitco News, Wong said gold has historically found support when prices fall to about 90% of their 200-day moving average and noted that the current decline has exceeded that threshold. He added that several other technical indicators also point to an extremely oversold market and increase the probability of a rebound later this summer.

"It looks pretty remarkably similar [to previous pullbacks]," Wong said. "The percentage below the 200-day moving average, that's just a technical measure. Internally, I have five or six other measures that show minus two or minus three standard deviations oversold. I tend to think about things more in terms of probabilities: where are you on the distribution curve probabilities? Are you oversold? Give me a number. According to this measure, it's minus two standard deviations. According to this measure, it's minus two and a half, minus three, whatever. Add them all up, and what does it mean? It means that it's harder and harder to push down the price of gold. That's what the probability says."

Wong cautioned that gold will still require a catalyst to resume its advance, even though selling pressure appears to be fading. "What is it going to get to spark it back up? That's the whole thing," he said, according to Hoffman. "But in terms of selling action, minus two standard deviations oversold positioning, CTAs have gone to flat, CFTC positioning in terms of longs is back at the 2018 levels. In terms of ETF holdings, they sold off a little bit, but not a lot. If you look at China ETF holdings, all the ETF [holdings] that came out of Europe and North America have been more than absorbed by the ETF growth in China."

He said multiple proprietary indicators have reached similar conclusions, suggesting that most of the recent selling has likely already occurred. "I've built up all these indicators over the years, so I fire them all up, and if all of them are saying minus two standard deviations or lower, then chances are it's oversold," Wong said. "It doesn't mean it's the low, it just means the bulk of the selling is probably done. And now you're switching to look for an entry point, or if you're a massive fund, you just start buying, and on down dip days when it drops 1% or 2% on some news or whatever, you just buy a little bit more."

Gold's recent decline from above US$5,000 per ounce to about US$4,000 does not reflect a loss of the metal's intrinsic value, noted Forbes Chairman and Editor-in-Chief Steve Forbes in a post on the site on July 21.

Instead, Forbes said the move primarily reflects a strengthening U.S. dollar, noting that gold has historically served as a stable measure of purchasing power while changes in its price more accurately represent shifts in currency values than changes in the value of gold itself.

According to Forbes, the dollar has strengthened partly because the Trump administration has stopped discussing policies aimed at weakening the currency to reduce the U.S. trade deficit. The commentary also credited Federal Reserve Chair Kevin Warsh with emphasizing currency stability as a way to combat inflation rather than relying on policies that slow economic growth.

Treasury yields have continued to rise despite the stronger dollar, attributing the increase to supply-and-demand dynamics rather than currency weakness, he said. The U.S. government is issuing large amounts of Treasury securities to finance substantial budget deficits and refinance maturing debt. It added that interest rates also fluctuated in response to market conditions during the period when the dollar was backed by gold.

Despite the dollar's recent rebound, Forbes argued that the currency has still lost considerable value since 2022. The commentary pointed out that gold traded near US$1,800 per ounce in 2022 before climbing to roughly US$2,300 two years ago, US$3,300 a year ago and remains more than 20% above last summer's level even after the recent pullback. The author suggested the dollar's recovery could prove temporary, comparing it to a bear market rally in equities.

Looking to history, Forbes noted that a strong U.S. dollar contributed to policy actions in the mid-1980s that weakened the currency and ultimately helped set the stage for the 1987 stock market crash. The commentary concluded that gold should be viewed as financial insurance rather than a traditional investment and argued that investors should continue holding the metal for protection against future financial instability.

"Gold is not an investment; it is insurance for financial troubles," Forbes wrote. "Keep the insurance."

Ownership and Share Structure²

Just over 1% is held by insiders and management, and Mining financier Eric Sprott owns about 5% through his company, 2176423 Ontario Ltd. Pathfinder Asset Management Ltd. owns 4.8%.

The company has 62.39 million shares in circulation and a market capitalization of CA$11.85 million. It trades within a 52-week range of CA$0.08 to CA$0.34.

Common Investor Questions

What did StrikePoint Gold announce? The third and final set of assay results from its Spring 2026 drilling campaign at the Hercules Gold Project in Nevada's Walker Lane trend, expanding the SW Cliffs area of continuous gold-silver mineralization.

What was the standout drill result? Hole H26005 returned 67.06 m grading 0.53 g/t gold and 11.69 g/t silver, including a higher-grade 7.62 m at 2.93 g/t gold and 54.48 g/t silver, plus three additional intervals — more than 100 m of combined gold-silver mineralization.

What is the project's conceptual size? An independent NI 43-101 report dated June 2 outlines an exploration target of 39.8–68.7 million tonnes at 0.46–0.61 g/t gold — the first attempt by any operator to estimate the property's scale, though it remains conceptual, not a mineral resource.

What's the outlook for gold? Sprott's Paul Wong says gold is deeply oversold and likely to form a cyclical low before September, with currency debasement supporting new highs long-term. Steve Forbes attributes gold's pullback from above US$5,000 to about US$4,000 mainly to a stronger dollar, calling gold "insurance for financial troubles."