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Overview

Company Overview Figure 1

Gunpoint owns the Talapoosa gold-silver project located in the Walker Lane gold trend in western Nevada. Talpoosa has a N1-43-101 Measured and Indicated Resource containing over 1.2 million ounces of gold and 15 million ounces of silver at an average grade of 1.1 g/t gold and 15 g/t silver. The deposit remains open along strike to the northwest and southeast. District scale upside exploration exists with the untested seven kilometer long Appaloosa mineralized ridge north of the Talapoosa deposit.

In 2015, a Preliminary Economic Assessment (PEA) using conservative metal prices returned robust project economics. The PEA indicated an after-tax net present value of US$136 million and 39% IRR with gold at US$1,150 and silver at US$16 per ounce.

Gunpoint intends to drill Talapoosa for metallurgical testwork to evaluate heap leach recoveries of the transitional unoxidized material. Systematic exploration will prioritize targets along the Appaloosa trend that will be drill tested

Gunpoint owns Cerro Minas, a silver-copper-zinc project located in Oaxaca State, Mexico. The Company has optioned Cerro Minas to Megastar Development Corp. In Guatemala, Gunpoint’s El Escorpion silver property is surrounded by Pan American Silver Corp’s Escobal mine.