StrikePoint Gold Inc. has announced that it has signed a purchase and sale agreement with Orogen Royalties Inc. and a Nevada based subsidiary of Orogen whereby StrikePoint will acquire a 100% interest in the Cuprite Gold project, located in Nevada’s Walker Lane Gold Trend.
StrikePoint President and CEO, Michael G. Allen, said: “This acquisition establishes StrikePoint a year-round exploration target within the Walker Lane, perhaps the most under-explored district in Nevada.”
“Approximately 75 km to the southeast of Cuprite, Anglogold Ashanti recently announced a new gold discovery, Silicon, in a similar geological and alteration setting. In addition to the discovery, in 2022, Anglogold Ashanti purchased Corvus Gold for US$370 million and acquired the Sterling project from Coeur Mining for up to US$200 million.
Also in 2022, Centerra purchased the Gemfield project, located approximately 15 km Northeast of Cuprite, for US$206.5 million. These transactions highlight the conviction that world class mining companies have of the prospectivity of the Walker Lane in the vicinity of the Cuprite project.”