High-Grade Gold Zone Grows at Gold Chain Project Following Latest Drill Results

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) reported additional assay results from its 2025 drill campaign at the Gold Chain Project in Arizona, highlighting continued expansion of near-surface gold mineralization at the NE Tyro zone. The company intersected 24.4 meters grading 1.63 grams per tonne (g/t) gold in hole GC25-77, including a higher-grade intercept of 3.0 meters at 7.14 g/t gold. Nearby hole GC25-78 returned 22.9 meters of 1.56 g/t gold. These results extend mineralization approximately 100 meters northeast of previously mined stopes.

According to Executive Chairman Derek Macpherson in the announcement, "The shallow drill holes establish that the Tyro Main zone displays continuity of mineralization both vertically and along strike." He added that current efforts are also aimed at testing the extension of a high-grade zone at depth, following up on earlier intercepts such as 28.96 meters at 6.02 g/t gold (GC25-48) and 30.48 meters at 9.05 g/t gold (GC25-49).

West Point Gold's ongoing 10,000-meter drill program has now completed 1,177 meters across 15 holes at the Tyro Main Zone. Six assay results remain pending. Drilling is also underway at depth in the NE Tyro area beneath holes GC25-47 through GC25-60, targeting the zone's projected plunge toward the Frisco Mine Fault, a structural boundary within the region's broader epithermal gold system.

The Gold Chain property hosts over 3.4 kilometers of vein structures with multiple mineralized zones, including Tyro East and Tyro South. Historic small-scale mining occurred at the site during the 1980s, and West Point Gold is currently working toward a maiden mineral resource estimate expected in 2026.

Gold Sector Supported by Demand and Market Uncertainty

Bloomberg reported on November 3 that major U.S. financial institutions were showing renewed interest in the physical gold business. The outlet wrote that banks were considering returning to bullion storage "because clients increasingly want to hold gold as a portfolio hedge." According to the report, this represented a "decades-long commitment," which suggested that large market participants believed "high gold prices are here to stay." Bloomberg added that gold buying "rose 3% to a record of 1,313 metric tons for the third quarter," with a noted 17% increase in bar and coin investment as investors continued to seek precious metals exposure.

On November 4, Stewart Thomson commented that market conditions had continued to support interest in hard assets. He wrote that "significant funds should then flow out of the U.S. market and into both the Asian stock markets and gold." Thomson stated that "inflation, tariffs, the 2021 to 2025 war cycle, a wildly overvalued stock market, debt ceiling horror, and empire transition dominate the investing landscape." He also observed that gold experienced "the biggest rally in years," describing the sector as offering opportunities for traders within a broad price range.

Reuters reported on November 5 that gold prices rose more than 1% as investors moved out of risk assets. Independent metals trader Tai Wong said the performance "should give comfort to bulls who were surprised that metals fell along with risky assets yesterday." Reuters noted that stocks retreated due to concern "that equity markets might have become overstretched." Jim Wyckoff of Kitco Metals stated that "some safe-haven demand has surfaced" as investors assessed market risk. The report added that traders saw a 63% probability of an additional U.S. interest rate cut in December, a macroeconomic factor that often supported non-yielding assets such as gold.

Analyst Views Point to Key Project Metrics

On September 17, Don MacLean, Senior Analyst at Paradigm Capital, identified West Point Gold Corp. as one of the firm's "favorite new ideas." He focused on the company's flagship Gold Chain Project in Arizona, where drilling at the Tyro Main Zone had outlined a mineralized trend based on 6,227 meters of work.

MacLean noted that a fully funded 10,000-meter drill campaign had commenced in September, targeting the higher-grade northeast Tyro zone along with adjacent areas. He referenced a conceptual exploration target at Tyro Main of 19.5 to 31.2 million tonnes grading 2.0 to 3.0 grams per tonne gold, concentrated within a one-kilometer portion of the broader 3.4-kilometer structural corridor.

Drill results released on April 22 included key intercepts such as 30.5 meters at 9.05 g/t, 33.5 meters at 5.46 g/t, and 29.0 meters at 6.02 g/t. MacLean highlighted subsequent drilling that extended the northeast Tyro strike length to 250 meters. One of the deeper holes intersected 32.05 meters at 3.51 g/t gold. Additional results reported on July 8 included intercepts of 59.4 meters at 1.25 g/t and 68.6 meters at 0.90 g/t in the central and southern portions of the zone.

Preliminary metallurgical testing showed gold recoveries ranging from 32% to 86%, with grind size identified as a key control on recovery. Further testing has been initiated and is expected to continue into early 2026.

MacLean concluded that with a market capitalization of approximately CA$37 million and around CA$9 million in cash, "West Point's shares appear to be attractively priced for the project's size, quality and jurisdictions."

Targeting Depth and Continuity at a Key Arizona Gold Trend

West Point Gold's 2025 drill campaign has prioritized the Tyro Main Zone, a 1.4-kilometer mineralized structure within the Gold Chain Project. With mineralization open along strike and at depth, the company is focusing on validating and expanding known gold-bearing zones that could underpin a future resource estimate.

The ongoing reverse circulation program, supported by a US$9.1 million working capital position as of June 2025, continues to test new extensions and deepen earlier intercepts. Drilling now targets the NE Tyro deep zone, based on interpreted structural controls and previously reported high-grade results at depth. According to the company's November 2025 investor presentation, the vein system appears to widen with increasing grade below surface, suggesting potential for continuity across plunge directions.

Beyond drilling, upcoming catalysts include additional metallurgical testing results anticipated in the first quarter of 2026, along with continued assay releases from remaining holes. A maiden resource estimate remains targeted for 2026, with exploration ongoing across multiple zones of the property, including the Banner-Sheep Trail trend and Frisco Graben area, both of which have shown historical high-grade potential. 

Ownership and Share Structure¹

About 6.4% of West Point Gold is owned by insiders and management, and about 17.2% by institutions. The rest is retail.

Top shareholders include Executive Chairman Derek Macpherson with 2.27%, Director Anthony Paterson with 1.7%, U.S. Global Investors Inc. with 1.08%, Mai with 0.17%, and Ehsan Agahi with 0.01%.

Its market cap is CA$28.96 million with 87.78 million shares outstanding, and it trades in a 52-week range of CA$0.21 and CA$0.68.