StrikePoint Gold

Strikepoint Gold 200x300px

Primary ticker: TSXV:SKP, OTC:STKXF
Stage of development: Exploration
Primary minerals: Gold
Project to promote: Hercules, Nevada (near Reno)
Project location:  USA
Website: www.strikepointgold.com

StrikePoint Gold (TSX.V:SKP | OTCQB:STKXF) recently announced its acquisition of the Hercules Gold Project in Nevada’s Walker Lane. We opportunistically acquired this 100 km2 project near Reno from a distressed company, for $250,000 plus legal expenses (SKP CEO, Mike Allan previously drilled (40 in addition to 260 historic) and sold this asset in 2021at a US$23M valuation). Hercules is drill ready with numerous targets and visible gold. In addition to our Cuprite Gold Project, this accretive acquisition sets Strikepoint as one of the largest claim holders in the one of the most prolific gold-producing trends in the world.

 

Cash: CAD<500K
Debt: NIL

 

Major shareholders:

Eric Sprott – 14%

Pathfinder – 8%

Sprott – 2%

Delbrook – 1%

Crescat – 1%

Management Ownership – 3%

Financials

Management Profile

Michael G. Allen
Mr. Allen brings over 20 years of multifaceted work experience in the mineral exploration and development business. His experience has been from grassroots to advancing projects through feasibility studies, construction and operations, in a variety of geological systems and jurisdictions. In addition, Mr. Allen brings additional capital markets strength to StrikePoint having raised significant amounts of capital to advance projects. Most notably Mr. Allen was President, CEO and Director of Northern Empire Resources, where he was responsible for identifying, acquiring and advancing the Sterling Project in the Beatty district of South West Nevada. Northern Empire was sold to Coeur Mining at the all-time high of the share price for approximately $120 million. Recently, Mr. Allen was President of Elevation Gold Mining Corporation, Arizona’s largest precious metals producer.
 
Mr. Allen is a Professional Geologist and QP under the definitions of NI43-101

What is your rationale for taking part in 121 Mining Investment?

Raising funds to drill Hercules in Nevada’s Walker La ne

What recent news would you like to highlight to investors attending?

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Raise funds to drill Hercules

6 Months:
Drill 3000 Meters at Hercules

12 Months:
Extend mineralization at Hercules

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Low interest in juniors, people not familiar with Hercules, will position with additional marketing

What do you think makes your company such a compelling investment?

Experience Nevada team with multiple exits for shareholders:
CEO, Mike Allen: former CEO of Northern Empire (acquired by Coeur Mining) and former President of Elevation Gold, Arizona’s largest precious metals producer.
Executive Chairman, Shawn Khunkhun: President & CEO of Dolly Varden Silver
Board Member, Adrian Fleming: co-founder of Northern Empire and Underworld Resources, acquired by Kinross
CFO, Paulo Santo: CFO of Elevation Gold, Calibre Mining, Northern Empire
Investor Relations, Knox Henderson: former IR for Great Bear Resources (acquired by Kinross for $1.8 billion) and Kodiak Copper.
Advisor, Rob McLeod: CEO of IDM Mining acquired by Ascot Resources, former VP Exploration of Underworld
 

What are the top 3 key investor takeaways?

On of the top 5 land packages in Nevada’s Walkers Lane
Experience Nevada/gold team with multiple exits for shareholders
Acquired Hercules for cents on the dollars, drill ready with permits.