StrikePoint Gold Receives Permit for Drilling on Pony Meadows Target, Hercules Gold Project, Nevada

Core Viewpoint - StrikePoint Gold Inc. has received approval from the Bureau of Land Management of Nevada for drilling at the Pony Meadows Target within the Hercules Gold Project, indicating progress in exploration efforts and potential for significant gold mineralization [1][3]. Company Developments - The company is authorized to establish three drill pads at the Pony Meadows Target, with minimal associated road disturbance [2]. - The Pony Meadows Target is believed to be a large-scale ring structure, similar to other significant gold mineralization sites in the region, with surface exploration revealing a mapped structure of approximately 2.6 kilometers [3]. - StrikePoint holds two additional drill permits for the southern portion of the Hercules Gold Project, specifically at the Sirens and Como Comet showings [3]. Historical Context and Exploration Potential - The Sirens showing has a history of limited drilling, with notable results including 38.10 meters grading 0.64 grams per tonne gold and 25.91 meters grading 0.68 grams per tonne gold, suggesting that the target remains inadequately tested [4]. - The Como Comet showing is strategically located between significant mining operations, with surface sampling yielding results of up to 5.0 grams per tonne gold and notable historical drill intercepts [5]. Industry Context - Recent merger and acquisition activity in Nevada's gold sector includes Equinox Gold Corp.'s sale of the Pan Gold mine for US$115 million and AngloGold Ashanti plc's acquisition of Augusta Gold Corp. for C$197 million, highlighting the competitive landscape [7]. - The Hercules Gold Project has a defined 'Exploration Target' of between 819,000 and 1,019,000 ounces of gold, with grades ranging from 0.48 grams per tonne to 0.63 grams per tonne, positioning it favorably against recent transactions in the industry [7]. Upcoming Events - The company will present at the virtual Emerging Growth Conference on September 25, 2025, and will also attend the Metals Investor Forum on September 26-27, 2025, where the CEO will present [10][11].