GOLD STRIKE RESOURCES
Yukon, Canada
Gold Strike: Geological Background
Gold Strike Resources (GSR · TSX-V) · Yukon, Alaska
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Analysis by Bill Pearson, PhD, P.Geo
Updated Jul 30, 2026
- GSR signed a definitive purchase agreement for three contiguous projects (the “Projects”, 318 km² from the LIRECA Group: 1) RJquartz claims (22 km²); 2) FLR quartz claims (207 km²) & 3) Florin quartz claims (89 km²)
- Projects form a continuous, strategically located claims package directly adjacent to Sitka Gold Corp.’s RC Project. Theacquisition includes the Florin Gold Resource, which hosts a 2.507 Moz Au inferred resource. There is clear expansion upside,with the resource open in all directions & at depth, with substantial exploration opportunity.
- In addition, GSR recently acquired Gold Strike One & Gold Strike Two from the LIRECA Group, totaling ~80 km², proximal toSnowline Gold Corp.’s tier-one Valley discovery.
- Post-acquisition, GSR expects to become a leading public company in the Tombstone Gold Belt, owning RJ, FLR, Florin, GoldStrike One, and Gold Strike Two covering ~400 km² of highly prospective ground, including the Florin gold deposit which hosts aninferred mineral resource of 162.783 Mt @ 0.48 g/t Au containing 2.507 Moz Au at a cutoff of 0.30 g/t Au cut-off based on 97 holestotaling 22,850m.
- Geophysics suggests that less than ~20% of the intrusive complex has been drill tested. An untested gold-in-soil anomaly andhigh-grade rock samples >2 g/t Au extend beyond the current resource limits.
- The prime target is reduced Intrusion gold systems (RIRGS) in particular focusing on intrusive margins, structural corridors andunderexplored zones that sit outside – but directly adjacent to -known discoveries, including Snowline’s Valley Deposit andSitka’s RC Project.
- Going forward, key value catalysts identified by GSR include: 1) Enhancing the Florin inferred resource through additional drilling;2) Advancing exploration across all properties; and 3) Future strategic M&A opportunities as the district consolidates.
- May 12th release, GSR announced that the Yukon government has issued a Class 3 Quartz Exploration Permit for the GS1 Project.
- The Permit has a 10-year term and allows construction of a camp to house up to 30 people.
- Planned 2026 exploration program will significantly expand soil sampling across the entire property while focusing on theanomalous areas already identified. Concurrently, the Company will seek to systematically sample outcrop in the anomalouszones. This work, coupled with an extensive planned geophysical program, will define drill targets for future drill programs.
- Target is RIRGS-type deposits similar to Snowline’s Valley deposit which is located only 500m to the north of the GS1 project.
Figure 1
Source: Gold Strike Resources Corp.
Figure 2
Source: Gold Strike Resources Corp.
Figure 3
Source: Gold Strike Resources Corp.
NEWS RELEASES
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Actual holdings will vary for each client or fund and there is no guarantee that a particular account will hold any or all of the securities discussed. All investing involves risk including risk of loss. Crescat target resource estimates (TSE) are based on internal modeling and geologic estimates, and include various assumptions based on analysis of geology, geophysics, geochemistry, historic drill assays, and metallurgical recovery data received to date. TSE are discounted based on drilling progress to date, an assessment of the management and technical team's strengths and weaknesses affecting their ability to advance the project, and environmental, local community, and government permitting risk factors. Estimates are displayed on a gold equivalent basis based on current price-to-gold ratios for silver, copper, and other metals if the primary metal is other than gold. Further drilling, assaying, resource modeling, and engineering studies will be required to determine whether Crescat's TSE can be reasonably expected to be achieved. Crescat's target resource estimates are updated monthly across the entire portfolio. Sources: Crescat Capital LLC, Bloomberg, Issuer. Expected profitability percentile is based on Crescat's geologic estimates of projected grades, recoveries, capex, and operational costs on the primary project compared to the universe of operating mines. This value does not project overall anticipated company profitability.