Gunpoint Exploration Ltd. Auditor Raises 'Going Concern' Doubt

Gunpoint Exploration Ltd. is a Canada-based company, which is focused on the acquisition and exploration of precious metals located in the United States, Mexico, and Guatemala. The Company owns a 100% interest in Talapoosa, located in Lyon County, Nevada. Talapoosa is a low-sulfidation gold-silver property located in the Walker Lane gold trend of western Nevada, approximately 45 kilometers (km) east of Reno. Talapoosa consists of over 509 unpatented lode mining claims owned by the Company, 26 leased unpatented lode mining claims, six additional leased fee land sections and a portion of one additional fee land section owned by one of the Company’s subsidiaries. The total land package for the property is contiguous and covers approximately 6,018 hectares (14,870 acres). Its other exploration projects include Cerro Minas and El Escorpion. The Cerro Minas Property is located approximately 130 km southwest of Oaxaca City and comprises over 899 hectares.