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Gold Strike Resources Corp
Symbol GSR
Shares Issued 156,046,413
Close 2026-09-24 C$ 0.43
Market Cap C$ 67,099,958
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Gold Strike Resources completes 2026 drilling at Florin

2026-09-24 16:25 ET - News Release

Mr. Peter Miles reports

GOLD STRIKE COMPLETES 2026 DRILL PROGRAM AT THE FLORIN GOLD PROJECT, YUKON

Gold Strike Resources Corp. has completed its 2026 drill program on the Florin gold project. The Florin gold project is a reduced RIRGS-style (intrusion-related gold system) gold deposit located in the Clear Creek cluster of reduced Cretaceous-aged mineralized intrusives that also hosts Sitka Gold Corp.'s RC Gold Project (15 kilometres to the southwest), within the Tombstone gold belt. The Florin gold project hosts a pit-constrained inferred mineral resource of 2,507,000 ounces of gold (162.7 million tonnes grading 0.48 gram per tonne gold at a 0.30-gram-per-tonne-gold cut-off) that remains open in all directions and at depth.

Highlights:

  • Completed 11 diamond drill holes totalling 4,014 metres in and around the Florin RIRGS gold deposit;
  • Seven holes were drilled south and southwest of the current Florin inferred resource footprint to test if the deposit extends in this direction and at depth;
  • Four holes were stepout exploration holes: three holes testing a soil anomaly immediately west of the Florin resource footprint (the Denari target) and one hole testing the Treadwell/Saddle target approximately 400 metres to the east;
  • All holes intersected either hornfels or quartz monzonite or both, with quartz veins, stockworks, microveinlets and disseminated sulphides that have the potential to carry gold mineralization;
  • Assays will be reported when received.

Peter Miles, chief executive officer, commented: "Completing our first drill program at the Florin gold project marks a pivotal milestone for Gold Strike. With a new five-year, 60,000-metre drill permit in hand, established camp infrastructure, and our flagship Florin, FLR and RJ projects now consolidated in GSR under one technical team, we have a strong foundation for future resource growth.

"Having completed comprehensive airborne geophysics -- including magnetic, radiometric and electromagnetic surveys -- alongside targeted ground exploration, we see immense potential across this district. Shareholders can look forward to news releases detailing drill assays, geophysical interpretations and field results as results are received and compiled."

Seven of the 11 holes completed targeted the south and southwest of the Florin resource, where it remained open, being designed to determine if the mineralization extends in this direction near the collars and to test beneath the resource footprint at depth. Drilled at a bearing of 030 degrees perpendicular to the main structural trend of the Florin resource (120 degrees to 300 degree southeast-northwest) all collared in mineralized (with sulphides) brecciated or fractured hornfels (after Devonian-aged siltstones of the Portrait Lake formation) with drill holes 26F-05 and 26F-08 crossing into the quartz monzonite intrusion defining its southern edge. Three of the holes, 26F-01, 26F-04 and 26F-06, were drilled at a bearing of 120 degrees parallel to the main structural trend to check for grade continuity in this direction and to also test below the Florin resource footprint at depth. Drill hole 26F-06 also tested the western boundary, collaring in hornfels and ending in quartz monzonite intrusive.

The exploration holes 26F-07, 26F-09 and 26F-11 targeted a gold-in-soil anomaly, the Denari zone, that trended to the northwest past the Florin resource footprint. Drill hole 26F-11 unexpectedly collared an intrusive, went through a zone of hornfels and then completed in intrusive. This intrusive had not been mapped this far west and warrants further surface mapping and drilling. The other holes encountered hornfels throughout, with minor sills/dikes of the quartz monzonite intrusive.

Drill hole 26F-10 was drilled 400 metres east of the Florin resource footprint, where historic drilling indicated a separate zone of gold mineralization. This hole was collared in hornfels (after quartzite) and showed a different character of mineralization to the hornfels (after siltstone) encountered in the other holes, with more intense veining but less sulphides.

Although the 2026 drill holes have appeared to sample mineralization visually similar to that encountered in the historic drill holes, the gold tenor is notoriously hard to gauge visually. Assays are required for certainty.

The drill core was sent by chain of custody to Whitehorse for logging and sampling. This work is expected to be completed mid-October, 2026. Over half of the sampling is already complete and shipped to the laboratory. The first results are expected soon and will be released when they become available.

Technical information

The scientific and technical information in this news release has been reviewed and approved by David Kelsch, PGeo, a consultant to the company, who has verified the data underlying such information. Mr. Kelsch is a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Gold Strike Resources Corp.

Gold Strike Resources is a mineral exploration and development company focused on advancing high-potential gold opportunities within its highly prospective land package in the proven but underexplored Tombstone gold belt in Yukon. The company holds a 100-per-cent interest in its five core Yukon projects: the Florin gold project, the FLR gold project, the RJ gold project, the Gold Strike One project and the Gold Strike Two project, which together represent a district-scale land package with multiple near-surface exploration targets. With an award-winning technical team and experienced management and board of directors, Gold Strike is well positioned to leverage past exploration successes to create shareholder value.

We seek Safe Harbor.

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