Vancouver, British Columbia--(Newsfile Corp. - April 3, 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 ongoing drill program at the Tyro Main Zone, Gold Chain Project, Arizona. This release contains the assays for three reverse circulation drill holes, GC25-37, GC25-40 and GC25-41, totaling 548.6m.
Highlights:
Hole GC25-37 intersected 41.15m of 0.83 g/t Au, including 28.96m of 0.98 g/t Au and 1.52m of 5.47 g/t Au.
Hole GC25-41 intersected 10.67m of 1.86 g/t Au, including 1.53m of 10.87 g/t Au.
GC25-41 also intersected mineralization in a separate zone higher in the system, returning 22.86m of 1.43 g/t Au, including 3.05m of 4.56 g/t Au.
Results continue to suggest that mineralization is much broader than initially thought. As a maiden resource definition program drill holes were strategically placed between or beneath previous drilling and expanded the mineralized zone to depth (Figure 1).
Tyro Main Zone is open at depth, northeast towards Frisco Graben, and southwest.
Assays are pending for an additional 11 completed drill holes (approximately 1,720m), and the drill program is ongoing.
"The 2025 drill program continues to demonstrate the potential of Tyro is at least in line, if not better, than the previously announced exploration target at grades that remain significantly above the nearest operating open-pit mine", stated CEO Quentin Mai. "Our ability to expand the current drill program to 5,000 metres, based on recent warrant exercises, should provide a steady stream of drill results over the next two months 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
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 5,000m but may expand based on success and available funds. The results in this release are from three holes (548.6m), an additional 11 drill holes have been completed, and assays are pending (1,720m). Drilling is ongoing.
A key takeaway from these holes is the through-going swarm of sub-parallel quartz-calcite-adularia veins enveloped by broad zones of quartz stockwork which comprise the Main Tyro zone. Increased drill hole density permits the improved definition of the host rocks, structural controls, vein-related alteration and grade variability. Gold grades exceeding the target grade (plus 2 g/t Au) continue to appear over meaningful widths with multiple plus 5 g/t Au intervals within the results.
Hole GC25-37 Hole GC25-37 was drilled between and below Holes GC23-23 and GC23-24 (Figure 1). Results from this hole continue to demonstrate a several-metre-wide hydrothermal breccia, partially developed on the Tyro 200 Level, hosted within a broad envelope of quartz stockwork. These mineralized packages are defined by strong propylitic alteration and moderate to strong silicification.
Hole GC25-40 This hole was drilled about 80 metres beneath hole GC24-30 (89.5m at 1.08 g/t Au) and over 120 metres beneath the Tyro Mine 200 Level. Despite having similar geologic characteristics and intersecting a wide zone of quartz veining, weaker gold values were encountered than the hole above. Closer inspection of hole GC24-30 (core) and surface geologic mapping, a south-dipping, low angle (~35o) fault projects between the two holes on this section (Figure 4) and merits closer inspection. Additionally, hole GC25-37 traversed considerable widths of metamorphic rocks (i.e. amphibolite and garnet gneiss) which may impact fracture development. The Company believes that further drilling in this area is required since the metamorphic rocks are restricted in the extent and interpreted to be xenoliths.
Hole GC25-41 This hole was drilled about 60 metres beneath hole GC24-31 (50.63m at 0.53 g/t Au) and over 85 metres beneath the Tyro Mine 200 Level. This hole revealed multiple zones of mineralization within a broad zone of quartz veinlets; the overall width of the veining is similar to the nearby holes, but higher grades are reporting to footwall and hanging wall structure, returning distinct footwall and hanging wall zones within the structure hosting Tyro. The local presence of amphibolite lenses within the granitic terrain may have a bearing on the vein's structural behaviour.
Qualified Person Robert Johansing, M.Sc. 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 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 Manager Phone: +1 (778) 358-6173 Email: info@westpointgold.com
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.
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