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Gold Strike Resources Corp
Symbol GSR
Shares Issued 156,046,413
Close 2026-07-02 C$ 0.42
Market Cap C$ 65,539,493
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Gold Strike begins 2026 work program at Gold Strike One

2026-07-02 17:00 ET - News Release

Mr. Peter Miles reports

GOLD STRIKE MOBILIZES TO GOLD STRIKE ONE PROJECT IN YUKON TO IDENTIFY DRILL TARGETS

Gold Strike Resources Corp.'s 2026 work program on the company's Gold Strike One project claims with helicopter-supported field crew is expected to commence on July 3, 2026.

Program highlights:

  • GS1 sits within Snowline Gold's Rogue project and surrounds the Valley gold deposit to the south, west and north;
  • Earlier work on GS1 shows gold and multielement soil anomalies and gold anomalous rock samples on the property;
  • 2026 work plan is designed to gather grab and channel rock samples, extend the known soil anomalies, and detect any new areas of interest on the property;
  • Airborne magnetic and radiometric geophysical survey contract has been awarded; the resulting data will be used to map geology and focus on structure and intrusive/hornfels-like targets;
  • Two thousand twenty-six program is designed to determine if the gold anomalous results located to date are part of Valley's mineral system or due to separate but related satellite systems, with the goal of generating drill-ready targets.

"We are pleased to begin the exploration program at GS1," commented Peter Miles, chief executive officer of Gold Strike. "GS1 lies in close proximity to Snowline's Valley deposit and shows several geological characteristics of RIRGS type deposits that are known to occur in clusters. We believe GS1 has significant geological potential. We look forward to systematically evaluating and advancing GS1 to unlock the full potential of our portfolio."

GS1 is located approximately 225 kilometres east of Mayo and comprises 107 contiguous quartz mineral claims totalling 5,510 acres (2,230 hectares), situated immediately adjacent to the south, west and north of Snowline Gold's Valley deposit. The southern boundary of the GS1 project lies fewer than 500 metres south of the southern extent of the Valley deposit's interpreted resource pit as defined in Snowline's preliminary economic assessment report entitled independent preliminary economic assessment.

Previous work on GS1 has identified numerous gold-in-soil and rock anomalies, demonstrating the property is highly prospective for reduced intrusion-related gold systems. The 2026 program will expand on these results, with the goal of outlining drill targets for 2027. Please see Gold Strike's news releases titled: (i) "Gold Strike Provides Update on Gold Strike One and Gold Strike Two Properties, Yukon," dated Nov. 6, 2025; and (ii) "Sanatana Enters into a Definitive Agreement to Acquire 5,510 Acre (2,230 Hectares) Gold Strike One Project to Increase its Presence in the Rogue Plutonic Complex Region in Yukon, Canada," dated July 3, 2025, for more information on the results of the soil and rock sampling programs.

In addition, airborne geophysical magnetic and radiometric surveys have been contracted to complement the surface sampling program. Results of these surveys will be used to map the geology and guide drill targeting. The GS1 property is in the early stage of exploration, and it is not yet understood if the property contains potentially economic mineralization.

About reduced intrusion-related gold systems

RIRGS is a class of gold deposits commonly developed along the margins of reduced intrusions where those margins intersect: favourable structures, reactive host rocks and late brittle deformation. RIRGS systems are an intrusive mineral source -- typically felsic to intermediate, low-sulphur, low magnetite and commonly mid-Cretaceous in Yukon; often postorogenic or late tectonic with gold localized along faults and fracture corridors, structurally controlled with sheeted quartz veinlets, stockworks and disseminated gold, and often occur in clusters. In the Tombstone gold belt, Yukon, the RIRGS model has been transformational, explaining the scale and longevity of the Fort Knox mine, the rapid emergence of Valley, and continued success from margin-focused exploration across the district.

Technical information

The technical information in this news release was prepared under the supervision of David Kelsch, PGeo. Mr. Kelsch is a qualified person for the purposes of National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and has reviewed and approved the technical information disclosed in this news release. Mr. Kelsch has verified the data disclosed herein, including review of sampling procedures, chain of custody and assay certificates, and conducted a site visit to GS1 in August, 2025.

About Gold Strike Resources Corp.

Gold Strike is a mineral exploration and development company focused on building a gold mineral inventory within its highly prospective land package in the proven, but underexplored, Tombstone gold belt, Yukon. Gold Strike holds a 100-per-cent interest in the Florin, FLR, RJ, Gold Strike One and Gold Strike Two projects. With an award-winning technical team and experienced management and board of directors, along with a fully financed 2026 exploration program, Gold Strike aims to complete over 8,000 metres of drilling for the rest of the 2026 season.

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