Expanded Yukon portfolio through the acquisition of the Florin, FLR and RJ projects from LIRECA Resources Inc. on May 4, 2026, in connection with a concurrent $17.2 million financing. Together, the Florin, FLR and RJ projects cover approximately 318 square kilometres in Yukon’s Tombstone Gold Belt and include the Florin Project, which hosts a pit-constrained inferred mineral resource of 2.507 million ounces (“Moz”) of gold (“Au”) (162.783 million tonnes at 0.48 grams per tonne (“g/t”) Au at a 0.30 g/t cut-off). The acquisition strengthens Gold Strike’s district-scale exploration position in one of Yukon’s most prospective gold belts.
In a transaction announced on July 3, 2025, GSR acquired a 100% interest in the Gold Strike One Project from the LIRECA Group for consideration of $2 million in cash and approximately $13,000,000 in common shares of Gold Strike (the “Gold Strike Shares“). The Gold Strike One Project is located approximately 225 km east of Mayo, and is comprised of 107 contiguous quartz mineral claims immediately adjacent to the south, west and north of Snowline Gold’s Valley Deposit, for a total of 5,510 acres (2,230 hectares).
On May 6, 2025, GSR announced it had entered into an agreement to acquire a 100% interest in the Gold Strike Two Project from LIRECA. The Gold Strike Two Project comprises 293 contiguous quartz claims (ICY 1 to 293) covering approximately 14,495 acres (5,866 hectares). The Gold Strike Two Project encompasses the majority of the Rogue Pluton which is part of the Mayo Plutonic Suite and is in the Mayo Mining District.
Pursuant to the terms of an option agreement, the Company earned a 60% interest in Oweegee by funding, over a four-year period, cumulative exploration expenditures of $6,600,000 (including a 10% administrative markup) and by making staged cash and share payments totalling $500,000 and 285,714 shares, respectively and undertaking drilling on the property. Oweegee is a 31,077 hectare project in BC’s Golden Triangle bordering Seabridge Gold’s KSM project and Newmont’s Brucejack mine.
