StrikePoint Completes Sale of Porter Idaho Project to Dolly Varden Silver
StrikePoint completed the sale of the Porter Idaho Project to Dolly Varden for consideration of $1,100,000, which was satisfied through the issuance of 295,699 common shares in the capital of Dolly Varden at a deemed price of $3.72 per share.
Michael G. Allen, President and CEO of StrikePoint said, "The sale of this non-core asset to Dolly Varden allows us to focus on our gold projects in Nevada's Walker Lane. We recently completed a successful spring drill program on the Hercules Gold project with all holes returning significant gold grades. Near surface oxide gold deposits in Tier 1 jurisdictions are increasingly rare, but recent exploration successes in the Walker Lane have highlighted the potential of this part of Nevada."
For further information on recent drilling on the Hercules Gold Project, please refer to the Company's May 5, 2025 new release.
About StrikePoint
Headed by CEO Michael G. Allen, StrikePoint is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and in Canada.
Mr. Allen has been working in the Walker Lane for the last 15 years, with multiple transactions completed in that timeframe including the acquisition of the Sterling Gold Project, located near Beatty, Nevada, and the sale of Northern Empire to Coeur Mining for approximately $120 million. The Sterling Gold Project is now part of AnglogGold Ashanti's "Expanded Silicon" project. In addition, Mr. Allen was the past President and CEO of Elevation Gold Mining Corporation, which operated Arizona's largest gold mine.
The Management and Board of StrikePoint has strong expertise in exploration, finance and engineering.
StrikePoint is rapidly becoming one of its largest holders of mineral claims with approximately 145 square kilometers of prospective geology under claim, encompassing two district scale projects, the Hercules Gold Project and the Cuprite Gold Project.
ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC.
"Michael G. Allen"
Michael G. AllenPresident, Chief Executive Officer & Director
For more information, please contact:
StrikePoint Gold Inc.Knox HendersonT: (604) 551-2360E: kh@strikepointgold.comW: www.strikepointgold.com
Cautionary Statement on Forward-Looking Information
Certain statements made and information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "speculates", "could" or "would".
All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward-looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253178
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
2 hours ago
- Associated Press
Wudinna Gold Project Rights Acquisition Completed
HIGHLIGHTS ADELAIDE, AUSTRALIA / ACCESS Newswire / July 24, 2025 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or Company) is pleased to announce completion of its rights to acquire the Wudinna Gold Project (Wudinna) from Cobra Resources PLC (Cobra). Cobra shareholders have approved the Transaction at a general meeting held yesterday, 24 July 2025 in the UK. Following this approval, Barton now has binding rights to ownership of Wudinna, and will work with Cobra to facilitate transfer of the Sale Assets to Barton, and Final Settlement. Commenting on the acquisition of Wudinna, Barton Managing Director Alexander Scanlon said: 'We are pleased to obtain Cobra shareholder approval for Barton's acquisition of the Wudinna Gold Project. Wudinna is a highly valuable addition to Barton's South Australian gold platform, which is now over 2Moz and set to grow further with the pending re-estimation of the Challenger underground mine. 'With this transaction approved, we will now continue our evaluation of opportunities to integrate Wudinna into our long-term regional development objectives. These assets offer significant optionality given our professional capabilities and planned future infrastructure. We look forward to sharing updates as we advance this project.' Wudinna Gold Project JORC Resources The Wudinna Gold Project is comprised of the Barns, White Tank, Clarke and Baggy Green Deposits hosting a combined JORC (2012) Mineral Resources Estimate (MRE) of 279,000oz Au (5.81Mt @ 1.5 g/t Au).2 Table 1 - Wudinna Gold Project September 2023 JORC (2012) Mineral Resources Estimate2 Key terms of acquisition The Wudinna acquisition was agreed on compelling terms for Barton, and in a framework of significant mutual benefit to each of Barton and Cobra. Cobra's shareholders will continue to hold a gold exposure through Barton and its considerably larger regional gold development platform, and each of Barton and Cobra will focus on their respective areas of development interest, gold and rare earths (respectively). Barton has paid to Cobra a non-refundable deposit of $50,000 cash, with further consideration to be paid subject to Completion and Final Settlement as summarised in Table 2 below:2 Table 2 - Wudinna Gold Project acquisition consideration payable2 Barton will also pay to Cobra certain contingent benefits, including:2 Other key terms of acquisition include:2 Barton and Cobra will now complete an Escrow Agreement and the Orderly Market Agreement, pursuant to which the tranche of $800,000 worth of Barton shares will be issued following New Tenements issue.5 Barton will provide further updates as the Transaction proceeds toward Final Settlement. 1 Refer to ASX announcement dated 2 July 2025; capitalised terms in this document have the same meaning as defined in that document 2 Refer to ASX announcement dated 2 July 2025; capitalised terms have the same meaning as defined in that document 3 Cobra has the right to acquire the Exploration Licenses over which the ELAs have been issued pursuant to Section 30AA of the South Australian Mining Act (Original Tenements). If the New Tenements are not granted, the Parties may pursue the issue of new Exploration Licenses (and Final Settlement) through an application for subdivision of the Original Tenements in favour of Barton for those areas representing the Sale Assets or, if this is unsuccessful, Barton shall have the right to elect to either (a) take the Original Tenements in lieu, or (b) terminate the Transaction. 4 All Barton Shares issues pursuant to the Agreement will be issued pursuant to Barton's ASX Listing Rule 7.1 capacity. 5 Number of Barton shares calculated by reference to VWAP for the 30 trading days up to, but not including, the Agreement date, being approximately $0.78 / Barton share as of the close of business on Friday, 27 June 2025. 6 Number of Barton shares calculated by reference to VWAP for the 30 trading days up to, but not including, the Exploration Milestone date. 7 Number of Barton shares calculated by reference to VWAP for the 30 trading days up to, but not including, the Production Benefit buyback date. Updated Company JORC Mineral Resources Statement Further to the MRE for the Wudinna Gold Project detailed in this announcement:* Authorised by the Board of Directors of Barton Gold Holdings Limited. For further information, please contact: Competent Persons Statements The information in this announcement that relates to the estimation and reporting of the gold Mineral Resource estimates for the Barns, Baggy Green and White Tank Deposits has been compiled by Mrs Christine Standing BSc Hons (Geology), MSc (Min Econs), MAusIMM, MAIG. Mrs Standing is a Member of the Australian Institute of Geoscientists and the Australian Institute of Mining and Metallurgy and is a full-time employee of Snowden Optiro (Optiro Pty Ltd) and has acted as an independent consultant. The information in this announcement that relates to the estimation and reporting of the gold Mineral Resource estimate for Clarke has been compiled by Ms Justine Tracey BSc Hons (Geology), MSc (Geostatistics), MAusIMM. Ms Tracey is a Member of the Australian Institute of Geoscientists and is a full-time employee of Snowden Optiro (Optiro Pty Ltd) and has acted as an independent consultant. Mrs Christine Standing and Ms Justine Tracey have sufficient experience with the style of mineralisation, deposit type under consideration and to the activities undertaken to qualify as Competent Persons as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code). Mrs Standing and Ms Tracey consent to the inclusion in this announcement of the contained technical information relating the Mineral Resource estimations in the form and context in which it appears. About Barton Gold Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 2.1Moz Au & 3.1Moz Ag JORC Mineral Resources (78.9Mt @ 0.85 g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia. Competent Persons Statement & Previously Reported Information The information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), Australian Institute of Geoscientists (AIG) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 (JORC). The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company's website at or on the ASX website The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements. Cautionary Statement Regarding Forward-Looking Information This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'expect', 'target' and 'intend' and statements than an event or result 'may', 'will', 'should', 'would', 'could', or 'might' occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. * Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 25 July 2025. Total Barton JORC (2012) Mineral Resources include 1,049koz Au (39.7Mt @ 0.82 g/t Au) in Indicated category and 1,095koz Au (39.2Mt @ 0.87 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources. Cautionary Statement RegardingWudinna Gold Project MRE The resource estimates contained herein were prepared in accordance with the JORC (2012) Code by the Competent Persons for Cobra Resource PLC in 2023. The information has not materially changed since it was last reported. Nothing causes Barton to question the accuracy or reliability of the Competent Persons estimates. Barton accepts the quoted estimates and the Competent Persons view that the resource classification appropriately reflects the deposit's knowledge level. It is possible that following evaluation and/or further exploration work the currently reported estimates may materially change and hence need to be reported afresh under and in accordance with the JORC (2012) Code. Barton has not independently validated the former owner's estimates and is not to be regarded as reporting, adopting, or endorsing those estimates. Full disclosures are required to comply with ASX's 'Mining Report Rules for Mining Entities: See Frequently Asked Questions' FAQ 37 (Appendix 1) . APPENDIX 1 Additional Information in terms of ASX Mining FAQ 37 regarding the Wudinna Gold Project MRE. This material has also been previously published by Barton - refer to ASX announcement dated 2 July 2025. press release
Yahoo
8 hours ago
- Yahoo
Benz Announces Closing Final Tranche of A$13.5M Financing
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (Benz or the Company) is pleased to advise that, further to its announcements dated April 15, 2025 and April 27, 2025, in relation to the private placement for 33,750,750 new fully paid CHESS Depositary Interests (CDIs) in the Company at an issue price of A$0.40 (C$0.35452) per CDI to raise A$13,500,300 (C$11,965,315.89) (before costs) (Placement), it has successfully completed Tranche 2 of the Placement (Tranche 2 Placement), being the final tranche of the Placement. As previously announced, Tranche 1 of the Placement consisted of 28,722,000 CDIs at a price of A$0.40 per CDI to raise A$11,488,800 (C$10,182,523.44) (before costs) and was completed on April 27, 2025 (Tranche 1 Placement). Each CDI represents one underlying common share in the Company on a one for one basis. All of the securities issued in connection with the Placement are subject to a statutory hold period in Canada of four months and one day from the date of their issuance. Under the Tranche 2 Placement, which received shareholder approval at the special meeting of the Company's shareholders held on June 27, 2025 (AWST), Spartan Resources Limited (Spartan) subscribed for 5,028,750 CDIs at a price of A$0.40 per CDI to raise A$2,011,500 (C$1,782,792.45) (before costs). Accordingly, Spartan has maintained its~14.91% shareholding in the Company. The participation by Spartan in the Placement is a "related party transaction" as defined under Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any CDIs issued to or the consideration paid by Spartan exceeds 25% of the Company's market capitalization. As previously announced, net proceeds from the Placement will be primarily used to accelerate exploration activities at Benz's 100% owned Glenburgh Gold Project, including follow-up RC and diamond drilling programs to test high-grade extensions at Zone 126 and other high priority targets, geological modelling, and associated fieldwork, as well as for the commencement of exploration activities at the Egerton Gold Project, including targeting high-grade near-surface mineralisation with RC drilling, mapping, and geochemical surveys to refine future drill programs. Additionally, a portion of the proceeds will also be used to undertake a scoping study at the Eastmain Gold Mine in Quebec and for general working capital purposes. The Placement remains subject to the final approval of the TSX Venture Exchange. As previously announced, Euroz Hartleys Limited acted as Lead Manager and Tamesis Partners LLP acted as Co-Manager to the Placement, and they were paid a commission in relation to the Tranche 1 Placement in the amount of A$689,328 (C$610,952) (plus GST). No finder's fees or commissions will be paid in relation to the Tranche 2 Placement. Australian dollar amounts disclosed above were converted into Canadian dollars using the Bank of Canada's exchange rate posted on April 15, 2025 of A$1 = C$0.8863. This announcement has been approved for release by the Board. For more information please contact:Mark Lynch-StauntonChief Executive OfficerBenz Mining Corp.E: mstaunton@ +61 8 6143 6702 About Benz Mining Corp. Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) is a pure-play gold exploration company dual-listed on the TSX Venture Exchange and Australian Securities Exchange. The Company owns the Eastmain Gold Project in Quebec, and the recently acquired Glenburgh and Mt Egerton Gold Projects in Western Australia. Benz's key point of difference lies in its team's deep geological expertise and the use of advanced geological techniques, particularly in high-metamorphic terrane exploration. The Company aims to rapidly grow its global resource base and solidify its position as a leading gold explorer across two of the world's most prolific gold regions. To view an enhanced version of this graphic, please visit: For more information, please visit: Forward-Looking Statements Statements contained in this news release that are not historical facts are "forward-looking information" or "forward looking statements" (collectively, Forward-Looking Information) as such term is used in applicable Canadian securities laws. Forward-Looking Information includes, but is not limited to, disclosure regarding the use of proceeds from the Placement, planned exploration and related activities on the Eastmain Gold Mine and the Glenburgh and Mt Egerton projects, including the anticipated benefits thereof, and the final approval of the Placement by the TSX Venture Exchange. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipates", "complete", "become", "expects", "next steps", "commitments" and "potential", in relation to certain actions, events or results "could", "may", "will", "would", be achieved. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to: that the tenements associated with the Glenburgh and Mt Egerton projects that are still pending grant or undergoing the renewal process will be granted and/or renewed, as applicable, in a timely manner and on reasonable terms; all conditions for completion of the Placement, including final approval of the TSX Venture Exchange for the Placement, will be satisfied in a timely manner; the Company will be able to raise additional capital as necessary; the current exploration, development, environmental and other objectives concerning the Company's Projects (including Glenburgh and Mt Egerton) can be achieved; and, the continuity of the price of gold and other metals, economic and political conditions, and operations. Forward-Looking Information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such Forward-Looking Information. Factors that could cause the Forward-Looking Information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at and Accordingly, readers should not place undue reliance on Forward-Looking Information. The Forward-Looking Information in this news release is based on reasonable plans, expectations, and estimates of management as at the date the information is provided, and the Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE. To view the source version of this press release, please visit
Yahoo
10 hours ago
- Yahoo
XRP Gets Its Own Treasury Company: Look Who's Building A $20 Million XRP Reserve
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Nature's Miracle Holding Inc. (OTCQB:NMHI), a publicly listed vertical farming technology firm, on Wednesday announced plans to allocate up to $20 million towards a new corporate treasury strategy centered around Ripple's (CRYPTO: XRP). The company stated that it will use proceeds from a recently approved equity financing arrangement to fund the purchase of XRP tokens, with aims to treat the cryptocurrency as a long-term strategic reserve. The decision makes Nature's Miracle one of the first publicly traded non-financial companies to adopt XRP, currently the third-largest cryptocurrency by market capitalization, as a treasury asset. Don't Miss: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — You Can Become an Investor for Just $500.25 The company also plans to engage with staking opportunities and broader participation in the Ripple ecosystem. According to the release, the funding will initially come from capital raised under a registration statement on Form S-1 declared effective by the U.S. Securities and Exchange Commission. Further XRP purchases may be financed through a mix of equity issuances, structured financing, and strategic placements. CEO James Li attributed the move to increased regulatory clarity following the recent passage of the GENIUS Act, signed into law by President Donald Trump on July 18, which has encouraged broader corporate participation in the digital asset space. 'We see the huge potential of XRP as it improves the speed and reduces the cost of cross-border payments,' Li said. Nature's Miracle joins a growing list of companies engaged with XRP. Financial institutions such as Banco Santander (NYSE:SAN) and American Express (NYSE:AXP) have already incorporated Ripple's payment technologies into their operations. In 2023, Japan's SBI Holdings announced the use of XRP in its internal treasury operations, while other blockchain-native firms have used XRP for cross-border liquidity and remittance flows. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article XRP Gets Its Own Treasury Company: Look Who's Building A $20 Million XRP Reserve originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
