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5 days ago
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West Point Gold Drills 59.44m of 1.25 g/t Au and 68.5m of 0.90 g/t Au, Beneath the Tyro Pit, Expanding the Tyro Main Zone to Depth
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce the most recent drill results from its reverse circulation drill program covering approximately 500 metres of strike along the Central and Southern parts of the Tyro Main Zone, Gold Chain Project, Arizona. This release contains the assays for drill holes GC25-61 through GC25-64, totaling 957.2m. Highlights: Drilling has identified a broad zone of quartz-calcite-adularia veins, veinlets and breccia that is consistently mineralized (Au) from surface exposures downward up to 200m vertical depth over much of Tyro's currently identified surficial one kilometre strike length. GC25-61 returned 59.44m of 1.25 g/t Au, including 33.53m of 1.63 g/t Au. GC25-61 is approximately 90m below hole GC25-38 (73.15m of 1.07 g/t Au) expanding the mineralized zone to depth at modestly higher grades at depth in this area. GC25-62 returned 68.58m of 0.90 g/t Au, including 15.24m of 2.89 g/t Au. GC25-62 is approximately 60m below GC25-37 (41.15m of 0.83 g/t Au) which also indicates modestly improving grades at depth in this area. This portion of the vein system is developed at the hanging wall contact of a rhyolite dike. GC25-64 returned 36.58m of 0.91 g/t and is approximately 60m below GC25-42 (28.95 at 1.92 g/t Au) and 190m below surface vein exposures. The mineralized zone at Tyro, exposed at surface for nearly one kilometre, remains open at depth and appears to extend northward toward the Frisco Graben and beneath barren Precambrian granite, i.e. 'blind'. "One of the key takeaways from the 6,000m drilling completed in the last 10-months at Tyro has been the consistency of grade over the known surficial one kilometre strike length of Tyro to a depth of nearly 200m. The Company believes that this bodes well for a future resource estimate and a potential development scenario," stated CEO Quentin Mai. "Work is underway to update the geologic model for Tyro and plan the next 10,000m drill campaign that will prioritize testing Tyro at depth as well as along strike as the mineralization remains open to the north and south". Figure 1: Long Section of the Tyro Main Zone To view an enhanced version of this graphic, please visit: Notes: Drill holes GC21-13 to GC21-16 released October 25, 2021 (link here) Underground chip-channel sampling results released April 28, 2022 (link here) Drill holes GC23-23 to GC23-28 released February 28, 2023 (link here) Surface trench results released July 11, 2024 (link here) Drill holes GC24-30 to GC24-31 released January 15, 2025 (link here) and updated February 24, 2025 (link here) Drill holes GC24-29, GC24-32 to GC24-36 released January 23, 2025 (link here) and updated February 24, 2025 (link here) Drill holes GC25-38 and GC25-39 released March 19, 2025 (link here) Drill holes GC25-37, GC25-40 and GC25-41 released April 3, 2025 (link here) Drill holes GC25-42 to GC25-46 released April 16, 2025 (link here) Drill holes GC25-47 to GC25-49 released April 22, 2025 (link here) Drill holes GC25-50 to GC25-52 released May 15, 2025 (link here). Drill holes GC25-57 to GC25-58 released June 17, 2025 (link here) Drill holes GC25-59 to GC25-60 released July 8, 2025 (link here) Table 1: Drill Results Holes From (m) To (m) Width (m) Grade (g/t Au) GC25-61 100.58 160.02 59.44 1.25incl. 126.49 160.02 33.53 1.63 GC25-62 89.92 158.50 68.58 0.90incl. 111.25 126.49 15.24 2.89 GC25-63 124.97 132.59 7.62 1.88 GC25-64 153.92 190.50 36.58 0.91 Notes: All widths shown are downhole; true width is approximately 70% of downhole width. Figure 2: Plan View of Tyro Main Zone Showing Drill Holes, Trenches and Surface Samples (gold) highlighting Holes GC25-61 through -64. To view an enhanced version of this graphic, please visit: Summary Holes GC25-61 through GC25-64 were the final holes in the 2025 spring drilling campaign and were designed to test the limits of gold mineralization at depth beneath the Main Tyro zone and the strong gold mineralization exposed in the surface cut. The holes traversed the vein between 100 and 200m below the surface. All intercepts consist of quartz veinlets and stockwork enveloping what is interpreted as hydrothermal breccia. Additional drilling in the Fall of 2025 will continue to follow this mineralization to depth, with the possibility of higher-grade quartz-calcite-adularia veins related to deeper boiling events. With the receipt of these holes, sufficient data has been obtained to design the follow-up drill program planned to commence in Q4 2025. Hole GC25-61 Hole GC25-61 (Figure 3) was drilled to offset Hole GC25-38 (73.15m at 1.07 g/t Au) about 90m down-dip or about 150m below the floor of the Tyro open cut. The hole intersected a broad zone of weak to moderate veinlets with local 1m+ veins over 59.44m at 1.25 g/t Au. This intercept is about 50m north of GC25-39 (71.63m at 0.971 g/t Au; Figure 1). Figure 3: Hole GC25-61 Cross Section including GC25-38. To view an enhanced version of this graphic, please visit: Hole GC25-62 Hole GC25-62, drilled to a depth of 317m, traversed a zone of moderate to strong quartz veinlets enveloping a pronounced vein/hydrothermal breccia developed in the immediate hanging wall of a rhyolite dike; the dike was unmineralized (Figure 4). The downhole length of the intercept was 68.58m and contained 0.90 g/t Au. This intercept is about 60m down-dip from Hole GC25-37. Over 140m of rhyolite dike was drilled and it is suspected that the dike is oriented nearly parallel to the hole and likely dips to the south based upon surface exposures. The contact may prove to be important and represents the intersection of the Tyro vein system and a Miocene rhyolite dike. Figure 4: Hole GC25-62 Cross Section including GC25-37. To view an enhanced version of this graphic, please visit: Hole GC25-63 Hole GC25-63 was drilled beneath the Decimal Hill zone and about 200m south of the Main Tyro zone. The hole cut 7.6m of 1.88 g/t Au and is about 70m down-dip from Hole GC23-25 (51.8m at 0.28 g/t Au) and about 150m below surface vein exposures. The mineralized zone consists of weak to moderate quartz veinlets associated with variably quartz-chlorite replaced Precambrian granite and metamorphic rocks. Figure 5: Hole GC25-63 Cross Section including GC23-25. To view an enhanced version of this graphic, please visit: Hole GC25-64 Hole GC25-64 was drilled beneath the northern extent of the Tyro pit and traversed the mineralized zone about 190m below the surface vein exposures. The hole intersected 36.6m at 0.91 g/t Au contained in a broad zone of weak to moderate quartz veinlets in quartz-chlorite altered Precambrian granite enveloping several metres of strong quartz veining, i.e. stockwork, and hydrothermal vein breccia. Hole GC25-42, about 60m up-dip, encountered 28.95m at 1.92 g/t Au. Figure 6: Hole GC25-64 Cross Section including GC25-42. To view an enhanced version of this graphic, please visit: Qualified Person Robert Johansing, Econ. Geol., P. Geo., the Company's Vice President, Exploration, is a qualified person ("QP") as defined by NI 43-101 and has reviewed and approved the technical content of this press release. Mr. Johansing has also been responsible for overseeing all phases of the drilling program, including logging, labelling, bagging and transport from the project to American Assay Laboratories of Sparks, Nevada. Drillholes have a diameter of 15cm, and samples have an approximate weight of 3 to 5kg. Samples were then dried, crushed and split, and pulp samples were prepared for analysis. Gold was determined by fire assay with an ICP finish, and over-limit samples were determined by fire assay and gravimetric finish. Silver plus 15 other elements were determined by Aqua Regia ICP-AES (IM-2A16), and over-limit samples were determined by fire assay and gravimetric finish. Both certified standards and blanks were inserted on site along with duplicates, standards and blanks inserted by American Assay. The results summarized above have been carefully reviewed with reference to the QA/QC results. Standard sample chain of custody procedures were employed during drilling and sampling campaigns until delivery to the analytical facility. About West Point Gold Corp. West Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada. For further information regarding this press release, please contact:Aaron Paterson, Corporate Communications ManagerPhone: +1 (778) 358-6173Email: info@ Stay Connected with Us:LinkedIn: (Twitter): @westpointgoldUSFacebook: FORWARD-LOOKING STATEMENTS: Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to West Point Gold's ability to complete any payments or expenditures required under the Company's various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company's expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR+ made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate press release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit
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10-07-2025
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West Point Gold Reports Positive Preliminary Metallurgical Results from the Gold Chain Project, Arizona
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce it has completed preliminary metallurgical testing from the Tyro target, at its Gold Chain Project in Arizona. The initial bottle roll tests returned gold recoveries up to 86%. Additionally, the Company is providing an update on its Jefferson North Project and is announcing a new marketing agreement. "The initial metallurgical testing has yielded positive results and appears to demonstrate that the gold at Tyro can likely be recovered with cyanide via conventional processing methods. As a result of this test work, West Point Gold plans to complete a small-scale bulk sampling program for follow-up test work that is expected to include initial column testing," stated Executive Chairman, Derek Macpherson. Highlights from Metallurgical Testing: Testing demonstrates that the gold at Tyro is cyanide-soluble and likely recoverable via conventional processing methods. Gold recoveries ranged from 86% to 32% on the 23 samples tested. Silver recoveries ranged from 80% to 34%. The largest factor impacting recovery was crush size, with finer material seeing better recoveries than coarser material. This test did not control crush size, but it was measured as part of the testing. Gold grade and sample depth did not appear to have a significant impact on recoveries. Cyanide and lime consumption appear to be within normal parameters. Design for a follow-up program is underway, with test material expected to come from small-scale bulk sampling. Summary of Metallurgical Results: Gold extractions for the bottle roll leach tests utilizing as-received material previously crushed to a nominal 2 millimetres ranged from 32% to 86% after 144 hours of leaching. Recoveries are based on calculated heads ranging from 0.142 to 9.229 g/t gold. Silver extractions ranged from 34% to 80% based on calculated head grades ranging from 0.40 to 197.77 g/t silver. The sodium cyanide consumption ranged from 0.09 to 0.53 kilograms per metric tonne. Hydrated lime additions ranged from 0.50 to 3.25 kilograms per metric tonne. The calculated p80 particle size of the material tested ranged from 1.39 to 2.17 millimetres. Figure 1: Gold Extraction by Crush Size To view an enhanced version of this graphic, please visit: Figure 2: Gold Extraction by Grade To view an enhanced version of this graphic, please visit: Figure 3: Gold Extraction by Depth To view an enhanced version of this graphic, please visit: Figure 4: Gold Extraction vs. Cyanide Consumption To view an enhanced version of this graphic, please visit: Figure 5: Gold Extraction by Lime Addition To view an enhanced version of this graphic, please visit: Metallurgical Test Program Design Coarse rejects from the drill holes GC25-34 (grade) and GC25-35 (grade) were provided to Kappes, Cassiday and Associates ("KCA") from Reno, Nevada, for testing. GC24-34 is from the recently defined northeast zone at Tyro, and the samples are closer to surface (less than 50m downhole). GC24-35 is from the southern portion of Tyro, and the mineralized samples range from close to surface to a depth greater than 150m downhole. Coarse bottle roll leach testing for each of the twenty-three (23) selected drill hole intervals was conducted utilizing a 1,000-gram portion of the head material previously crushed to a nominal 2.0 millimetres by AAL. The material was slurried with 1,500 millilitres of Reno municipal tap water. The pH of the slurry was adjusted, as required, to 10.5 to 11.0 with hydrated lime. A target amount of 1.0 grams per litre of sodium cyanide was utilized for the leach tests. Rolling on a set of laboratory rolls throughout the duration of the test (144 hours) mixed the slurry. Figure 6: Plan View of Tyro Main Zone Showing Drill Holes, highlighting GC24-34 and GC24-35 which were used for metallurgical testing To view an enhanced version of this graphic, please visit: Jefferson North Project Update The Company has elected to not continue with the Mining Claim Lease with Option to Purchase Agreement dated June 30, 2022 (the "Agreement"), as assigned August 15, 2022, and amended May 2, 2024 related to the Jefferson North Project in Nevada. The agreement called for a balance of property payments totaling US$3,815,000 over the next 2 years, including a payment of US$315,000 in July 2025. While the Company views the project as prospective, there has been insufficient work to define a large-scale target that would justify these payments. The Company and the property vendor could not come to an agreement that would materially extend the term of the contract and reduce the near-term payments, to allow the work to define a large-scale target to occur at a reasonable pace and be consistent with required permitting requirements. As a result, and given the recent exploration success at Gold Chain, the Company believes that the Company's available capital is better allocated to other projects in the portfolio. i2i Marketing Engagement West Point Gold has entered into a marketing agreement with i2i Marketing Group, LLC ("i2i") of Key West, Florida. The Company and i2i have agreed to a marketing and media distribution services agreement for up to a twelve-month term. The total media budget for the campaign is expected to be up to a maximum of US$1,250,000. Included in the total media budget is an initial non-refundable payment of US$250,000 to fund content creation and print and media costs. i2i will create an advertising campaign and utilize its physical marketing program strategy with the aim of increasing investor awareness through various on-line platforms and methods of engagement, including the direct mailing of advertising materials to potentially interested parties. The Company will not issue any securities to i2i as compensation for its marketing services. As of the date hereof, to the Company's knowledge, i2i (including its directors and officers) does not own any securities of the Company and is arm's length to the Company. The marketing agreement with i2i remains subject to approval by the TSX Venture Exchange. Qualified Person Robert Johansing, Econ. Geol., P. Geo., the Company's Vice President, Exploration, is a qualified person ("QP") as defined by NI 43-101 and has reviewed and approved the technical content of this press release. About West Point Gold Corp. West Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada. For further information regarding this press release, please contact:Aaron Paterson, Corporate Communications ManagerPhone: +1 (778) 358-6173Email: info@ Stay Connected with Us:LinkedIn: (Twitter): @westpointgoldUSFacebook: FORWARD-LOOKING STATEMENTS: Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to West Point Gold's ability to complete any payments or expenditures required under the Company's various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company's expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR+ made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate press release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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08-07-2025
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West Point Gold Drills 32.05m of 3.51 g/t Au; Including 9.14m of 10.45 g/t Au; Further Expanding the Mineralized Zone at Northeast Tyro
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce the most recent drill results from its reverse circulation drill program at the Tyro Main Zone, Gold Chain Project, Arizona. This release contains the assays for drill holes GC25-59 and GC25-60, totaling 408.5m. Additionally, the Company has appointed Anthony Paterson, as Lead Independent Director. Highlights: Definition drilling of the recently discovered NE Tyro Zone (link here) continues to push the lateral and vertical limits outward over a strike of about 200m and up to 150m vertically. Hole GC25-59 intersected 32.05m of 3.51 g/t Au, including 15.28m of 7.02 g/t Au and 9.14m of 10.45 g/t Au, extending the high-grade zone at NE Tyro to depth. Hole GC25-60 intersected 50.30m of 1.29 g/t Au, including 12.1m of 2.42 g/t Au. The mineralized zone at northeast Tyro is exposed at the surface and remains open at depth, to the north and possibly to the south. Assays are pending for an additional 8 completed drill holes (approximately 2,050m). "These results continue to expand the recently identified Northeast Tyro Zone, including broad zones of high-grade, laterally and vertically. There is a clearly evident northerly plunge to this zone towards the intersection with the Frisco Mine fault and the extensive alteration in the Frisco Graben," stated CEO Quentin Mai. "In the next drill campaign, we plan to focus on the ongoing definition of this zone." Figure 1: Long Section of the Tyro Main Zone To view an enhanced version of this graphic, please visit: Notes: Drill holes GC21-13 to GC21-16 released October 25, 2021 (link here) Underground chip-channel sampling results released April 28, 2022 (link here) Drill holes GC23-23 to GC23-28 released February 28, 2023 (link here) Surface trench results released July 11, 2024 (link here) Drill holes GC24-30 to GC24-31 released January 15, 2025 (link here) and updated February 24, 2025 (link here) Drill holes GC24-29, GC24-32 to GC24-36 released January 23, 2025 (link here) and updated February 24, 2025 (link here) Drill holes GC25-38 and GC25-39 released March 19, 2025 (link here) Drill holes GC25-37, GC25-40 and GC25-41 released April 3, 2025 (link here) Drill holes GC25-42 to GC25-46 released April 16, 2025 (link here) Drill holes GC25-47 to GC25-49 released April 22, 2025 (link here) Drill holes GC25-50 to GC25-52 released May 15, 2025 (link here) Drill holes GC25-57 to GC25-58 released June 17, 2025 (link here) Table 1: Drill Results Holes From (m) To (m) Width (m) Grade (g/t Au) GC25-59 123.40 155.45 32.05 3.51 incl. 123.40 138.68 15.28 7.02 incl. 126.49 135.64 9.14 10.45 incl. 134.11 135.64 1.53 19.80 GC-25-60 126.50 176.80 50.30 1.29 incl. 149.40 161.50 12.10 2.42 Notes: All widths shown are downhole; true width is approximately 70% of downhole width. Figure 2: Plan View of Tyro Main Zone Showing Drill Holes, Trenches and Surface Samples (gold). Note that the distance along the Tyro's strike between GC25-60 (L870) and GC25-58 (L1070) is approximately 200 metres. To view an enhanced version of this graphic, please visit: Summary Holes GC25-59 and -60 were designed to test the limits of gold mineralization identified in holes GC25-47 through GC25-49. The results indicate that additional drilling is required both to the northeast and at depth. As previously observed, the high-grade component here is characterized by banded chalcedony-adularia-calcite vein and stockwork hosted by strongly altered (quartz + chlorite) wall rock, i.e. GC25-59 with 32.05m at 3.51 g/t Au. Drilling to date suggests a moderate to steep northeast plunge of the mineralized zone toward the Frisco Graben, less than 400m to the northeast. With the receipt of these holes, sufficient data has been obtained to design the follow-up drill program scheduled to commence in Q4 2025. Hole GC25-59 Hole GC25-59 (Figure 3) was drilled to offset hole GC25-49 about 20m to the NE and 40m down-dip. As observed in GC25-49, the hole intersected a zone of strong veins, veinlets and breccia over 32.05m at 3.51 g/t Au. Also shown in Figure 3, this zone is about 55m down-dip from GC25-57 (12.2m at 3.57 g/t Au) and about 135 metres below surface vein exposures. This suggests that more diffuse veining observed in the surface exposures and in holes GC21-13 and GC25-57 are coalescing into a broad zone at depth. Figure 3: Hole GC25-59 Cross Section including GC21-13 and GC25-57. To view an enhanced version of this graphic, please visit: Hole GC25-60 Hole GC25-60 entered the NE Tyro Zone about 50m southwest of hole GC25-48, which intersected 29m of 6.02 g/t Au. The mineralized zone, somewhat more diffuse than the zone in GC25-48, contained 50.30m at 1.29 g/t Au. This hole is about 50m below GC25-52, which encountered 7.72m at 0.712 g/t Au (Figure 1), suggesting a weakening of the vein system upwards and southwards as suggested by surface exposures. However, the vein system remains open to depth and southwards. The strongest mineralization observed in GC25-60 is situated in the zone's footwall and appears to spatially correlate with surface mining activities (Figure 4). Figure 4: Hole GC25-60 Cross Section To view an enhanced version of this graphic, please visit: Anthony Paterson Appointed Lead Independent Director The Company has appointed Anthony Paterson, a current independent director, as Lead Director to further strengthen its corporate governance framework. There are no other changes to the board of directors, its committees, or management. Mr. Paterson brings extensive experience in venture capital and private equity as a strategic investor, builder, and operator. He has led numerous early-stage financings for public companies in the mining and resource sectors. He was instrumental in the formation and financing of West Point Gold and played a key role in the bridge loan for TSX-listed Prime Mining Corp. His ongoing involvement in resource ventures reflects a continued focus on unlocking long-term value through disciplined capital strategy and execution. Qualified Person Robert Johansing, Econ. Geol., P. Geo., the Company's Vice President, Exploration, is a qualified person ("QP") as defined by NI 43-101 and has reviewed and approved the technical content of this press release. Mr. Johansing has also been responsible for overseeing all phases of the drilling program, including logging, labelling, bagging and transport from the project to American Assay Laboratories of Sparks, Nevada. Drillholes have a diameter of 15cm, and samples have an approximate weight of 3 to 5kg. Samples were then dried, crushed and split, and pulp samples were prepared for analysis. Gold was determined by fire assay with an ICP finish, and over-limit samples were determined by fire assay and gravimetric finish. Silver plus 15 other elements were determined by Aqua Regia ICP-AES (IM-2A16), and over-limit samples were determined by fire assay and gravimetric finish. Both certified standards and blanks were inserted on site, along with duplicates, standards and blanks inserted by American Assay. The results summarized above have been carefully reviewed with reference to the QA/QC results. Standard sample chain of custody procedures were employed during drilling and sampling campaigns until delivery to the analytical facility. About West Point Gold Corp. West Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada. For further information regarding this press release, please contact:Aaron Paterson, Corporate Communications ManagerPhone: +1 (778) 358-6173Email: info@ Stay Connected with Us:LinkedIn: (Twitter): @westpointgoldUSFacebook: FORWARD-LOOKING STATEMENTS: Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to West Point Gold's ability to complete any payments or expenditures required under the Company's various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company's expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR+ made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate press release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit
Yahoo
10-06-2025
- Business
- Yahoo
West Point Gold Completes C$8 Million Financing
Vancouver, British Columbia--(Newsfile Corp. - June 10, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce the closing of its previously announced bought deal private placement for aggregate gross proceeds of approximately C$8 million (the "Offering"). The Underwriters purchased on a bought deal basis, an aggregate of 17,778,000 units (the "Units") of the Company at a price of C$0.45 per Unit (the "Offering Price") for aggregate gross proceeds to the Company of C$8,000,100. This total includes the full exercise of the Underwriters' option to purchase additional Units. "As a result of West Point Gold's recent exploration success, the Company has been able to attract several high-quality institutional investors strengthening both the share registry and the Company's balance sheet," stated CEO Quentin Mai. "The Company is well positioned with the capital necessary to aggressively continue advancing its Gold Chain Project in Arizona." Each Unit consists of one common share of the Company (each, a "Unit Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one common share of the Company (each, a "Warrant Share") at a price of C$0.55 at any time before 5:00 p.m. (Toronto time) on June 10, 2027. The expiry date of the Warrants will accelerate in the event the volume weighted average trading price of the common shares in the capital of the Company is equal to or exceeds C$0.90 per common share for a period of 20 consecutive trading days (an "Acceleration Event"). If an Acceleration Event occurs, the Warrants will expire 30 days after notice of such Acceleration Event. The Offering was conducted by Cormark Securities Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Canaccord Genuity Corp. and Red Cloud Securities Inc. (collectively, the "Underwriters"). The Underwriters received a cash commission of C$480,006 equal to 6.0% of the gross proceeds of the Offering. As additional consideration for their services, the Underwriters were also issued 1,066,680 compensation warrants (the "Compensation Warrants") equal to 6.0% of the number of Units issued pursuant to the Offering. Each Compensation Warrant entitles the holder thereof to subscribe for one common share of the Company at a price of C$0.45 until June 10, 2027. The Company intends to use net proceeds from the Offering for exploration and advancement of the Company's Gold Chain Project, sustaining and exploration expenditures on the Company's projects in Nevada, and for general working capital purposes, as further outlined in the Offering Document (as defined below). All Units distributed in connection with the Offering were issued and sold pursuant to the "Listed Issuer Financing Exemption" available under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the "LIFE Exemption") and in reliance on Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Order"). A copy of the offering document under the LIFE Exemption dated May 29, 2025 (the "Offering Document") is available electronically on the Company's website and on SEDAR+ ( under the Company's issuer profile. Pursuant to the LIFE Exemption, all Units issued under the Offering to Canadian subscribers are not subject to a hold period in Canada in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange (the "Exchange"). All other securities not issued pursuant to the LIFE Exemption, namely, the Compensation Warrants, are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring on October 11, 2025. The Offering remains subject to the final acceptance of the TSX Venture Exchange. About West Point Gold Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada. For further information regarding this press release, please contact:Aaron Paterson, Corporate Communications ManagerPhone: +1 (778) 358-6173Email: info@ Stay Connected with Us:LinkedIn: (Twitter): @westpointgoldUSFacebook: FORWARD-LOOKING STATEMENTS:Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to West Point Gold's ability to complete any payments or expenditures required under the Company's various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company's expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR+ made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate press release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Not for distribution to United States newswire services or for dissemination in the United States. Not an offer of securities for sale in the United States. 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Yahoo
19-03-2025
- Business
- Yahoo
West Point Gold Intersects 73.15m of 1.07 g/t Au, including 16.76m of 2.67 g/t Au, Continuing to Expand the Tyro Main Zone to Depth
Vancouver, British Columbia--(Newsfile Corp. - March 19, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce drill results from its ongoing drill program at the Tyro Main Zone, Gold Chain Project, Arizona. This release contains the assays for two drill holes (approximately 337m). Highlights: Hole GC25-38 intersected 73.15m of 1.07 g/t Au (including 16.76m of 2.67 g/t Au and 1.52m of 10.8 g/t Au at 29m depth). Hole GC25-39 intersected 74.48m of 0.94 g/t Au (including 7.62m of 2.12 g/t Au and 9.14m of 2.09 g/t Au). Results continue to suggest that mineralization is much broader than initially thought, exceeding the 30-50m model. Both holes were drilled between or beneath previous drilling and expanded the mineralized zone to depth (Figure 1). Assays are pending for an additional 11 completed drill holes (approximately 1,800m), and the drill program is ongoing. "These initial holes from the 2025 drill program continue to demonstrate the potential of Tyro, with widths continuing to exceed those used in the previously announced exploration target and grades that remain well above the nearest operating open-pit mine", stated CEO, Quentin Mai. "We are looking forward to a steady stream of drill results over the next month or so, as the ongoing drill program moves the Company closer to a maiden resource at Tyro." Figure 1: Preliminary Tyro Main Zone Long Section showing results from the 2025 RC drill program, previous drill results, trenches and 200-Level Sampling To view an enhanced version of this graphic, please visit: Notes: Drill holes GC21-13 to GC21-16 released October 25, 2021 (link here) Underground chip-channel sampling results released April 28, 2022 (link here) Drill holes GC23-23 to GC23-28 released February 28, 2023 (link here) Surface trench results released July 11, 2024 (link here) Drill holes GC24-30 to GC24-31 released January 15, 2025 (link here) and updated February 24, 2025 (link here) Drill holes GC24-29, GC24-32 to GC24-36 released January 23, 2025 (link here) and updated February 24, 2025 (link here) Table 1: Drill Results Holes From (m) To (m) Width (m) Grade (g/t Au) GC25-38 28.96 30.48 1.52 10.80 and 44.20 117.35 73.15 1.07 incl. 44.20 80.77 36.57 1.59 incl. 64.01 80.77 16.76 2.67 incl. 73.15 74.68 1.53 8.61 GC25-39 80.77 155.45 74.48 0.94 incl. 112.78 120.40 7.62 2.12 and incl. 141.73 150.88 9.14 2.09 Notes: All widths shown are downhole; true width is approximately 60-70% of downhole width. Figure 2: Plan View of Tyro Main Zone Showing Drill Holes, Trenches and Surface Samples (gold) To view an enhanced version of this graphic, please visit: Summary The H1 2025 drill program has been designed to provide the data necessary for a potential maiden resource from the Tyro Main Zone, while at the same time, increasing the Company's understanding of the mineralization. The program is currently planned for 3,000m but may expand based on success and available funds. The results in this release are from two holes (337m), an additional 11 drill holes have been completed, and assays are pending (1,800m). Drilling is ongoing. The first significant takeaway from these holes is that the central part of the Tyro Main Zone continues to demonstrate widths beyond the 30-50m contemplated in the previously announced exploration target, with both holes returning plus 70m intervals of mineralization; true widths are 60 to 70% of the downhole length. The second key point is that grades (plus 2 g/t Au) higher than the exploration target continue to appear over meaningful widths; the Company continues to see multiple plus 5 g/t Au intervals within the results. Hole GC25-38Hole GC25-38 was drilled between Holes GC23-23 and GC24-30 and about 55 metres beneath the Tyro Mine 200 Level (Figure 3). This section reveals that the gold-bearing zone documented on the 200 Level (12.7 m at 2.44 g/t Au and 5.3m at 2.63 g/t Au) correlates well with the observed geology in GC25-38. Several sub-parallel chalcedony-adularia veins and breccia with intervening quartz stockwork were intersected and are consistent with other holes in the area. The mineralized zone is hosted by silicified Precambrian granite with strong chlorite alteration. Figure 3: Hole GC25-38 Cross Section To view an enhanced version of this graphic, please visit: Hole GC25-39This hole was drilled about 50 metres beneath Hole GC23-23 (44.2m at 2.01 g/t Au) and over 100 metres beneath the Tyro Mine 200 Level. Like GC23-23, the GC25-39 mineralized zone is composed of sub-parallel veins and breccia dipping at about 80 degrees to the east. The intercept here is about 130 metres below surface vein exposures and warrants deeper exploration. Figure 4: Hole GC25-39 Cross Section To view an enhanced version of this graphic, please visit: Figure 5: Looking North at the Historical Tyro Open-Pit To view an enhanced version of this graphic, please visit: Qualified PersonRobert Johansing, Econ. Geol., P. Geo., the Company's Vice President, Exploration is a qualified person ("QP") as defined by NI 43-101 and has reviewed and approved the technical content of this press release. Mr. Johansing has also been responsible for overseeing all phases of the drilling program including logging, labelling, bagging and transport from the project to American Assay Laboratories of Sparks, Nevada. Samples were then dried, crushed and split, and pulp samples were prepared for analysis. Gold was determined by fire assay with an ICP finish, over limit samples were determined by fire assay and gravimetric finish. Silver plus 15 other elements were determined by Aqua Regia ICP-AES (IM-2A16), over limit samples were determined by fire assay and gravimetric finish. Both certified standards and blanks were inserted on site along with duplicates, standards and blanks inserted by American Assay. Standard sample chain of custody procedures were employed during drilling and sampling campaigns until delivery to the analytical facility. About West Point Gold Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada. For further information regarding this press release, please contact: Aaron Paterson, Corporate Communications ManagerPhone: +1 (778) 358-6173Email: info@ Stay Connected with Us: LinkedIn: (Twitter): @westpointgoldUSFacebook: FORWARD-LOOKING STATEMENTS: This press release may contain forward-looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business, including any future private placements, the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents, which can be found on SEDAR at West Point Gold does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Sign in to access your portfolio
