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West Point Gold Announces Mark Reischman Joins as Technical Advisor

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West Point Gold Corp (OTCQB: WPGCF) has announced the appointment of Mark Reischman as technical advisor. Reischman brings over 40 years of geological expertise, particularly in the Walker Lane Trend, Nevada. His notable experience includes serving as Exploration Manager at Corvus Gold from 2010 to 2022, where he oversaw the discovery and development of a multimillion-ounce gold deposit in the Bullfrog District.

Following Corvus's acquisition in January 2022, Reischman worked as Technical Advisor for AngloGold Ashanti until 2023. His previous roles include consulting geologist for LAC Minerals and Barrick Bullfrog Mine in the mid-90s, and Senior Geologist for AngloGold North America from 1999-2003.

The company has also granted 250,000 stock options to a new director at an exercise price of $0.49 per share, expiring on March 8, 2029.

West Point Gold Corp (OTCQB: WPGCF) ha annunciato la nomina di Mark Reischman come consulente tecnico. Reischman porta con sé oltre 40 anni di esperienza geologica, in particolare nella Walker Lane Trend, in Nevada. La sua esperienza notevole include il ruolo di Manager delle Esplorazioni presso Corvus Gold dal 2010 al 2022, dove ha supervisionato la scoperta e lo sviluppo di un deposito d'oro multimilionario nel distretto di Bullfrog.

Dopo l'acquisizione di Corvus nel gennaio 2022, Reischman ha lavorato come Consulente Tecnico per AngloGold Ashanti fino al 2023. Le sue esperienze precedenti includono geologo consulente per LAC Minerals e Barrick Bullfrog Mine negli anni '90, e Geologo Senior per AngloGold North America dal 1999 al 2003.

L'azienda ha anche concesso 250.000 opzioni su azioni a un nuovo direttore a un prezzo di esercizio di $0,49 per azione, con scadenza l'8 marzo 2029.

West Point Gold Corp (OTCQB: WPGCF) ha anunciado el nombramiento de Mark Reischman como asesor técnico. Reischman aporta más de 40 años de experiencia geológica, particularmente en la Walker Lane Trend, Nevada. Su experiencia notable incluye haber sido Gerente de Exploración en Corvus Gold desde 2010 hasta 2022, donde supervisó el descubrimiento y desarrollo de un depósito de oro multimillonario en el distrito de Bullfrog.

Tras la adquisición de Corvus en enero de 2022, Reischman trabajó como Asesor Técnico para AngloGold Ashanti hasta 2023. Sus roles anteriores incluyen geólogo consultor para LAC Minerals y Barrick Bullfrog Mine a mediados de los años 90, y Geólogo Senior para AngloGold North America de 1999 a 2003.

La empresa también ha otorgado 250,000 opciones de acciones a un nuevo director a un precio de ejercicio de $0.49 por acción, que expiran el 8 de marzo de 2029.

West Point Gold Corp (OTCQB: WPGCF)는 Mark Reischman을 기술 고문으로 임명했다고 발표했습니다. Reischman은 네바다의 워커 레인 트렌드에서 40년 이상의 지질학적 전문성을 보유하고 있습니다. 그의 주목할 만한 경험은 2010년부터 2022년까지 Corvus Gold의 탐사 관리자로 재직하며 Bullfrog 지구에서 수백만 온스의 금 광맥을 발견하고 개발하는 것을 감독한 것입니다.

2022년 1월 Corvus의 인수 이후, Reischman은 2023년까지 AngloGold Ashanti의 기술 고문으로 근무했습니다. 그의 이전 역할에는 90년대 중반 LAC Minerals 및 Barrick Bullfrog Mine의 컨설팅 지질학자와 1999년부터 2003년까지 AngloGold North America의 선임 지질학자가 포함됩니다.

회사는 또한 새로운 이사에게 주당 $0.49의 행사 가격으로 250,000개의 주식 옵션을 부여했으며, 이 옵션은 2029년 3월 8일에 만료됩니다.

West Point Gold Corp (OTCQB: WPGCF) a annoncé la nomination de Mark Reischman en tant que conseiller technique. Reischman apporte plus de 40 ans d'expertise géologique, notamment dans la Walker Lane Trend, au Nevada. Son expérience notable comprend son rôle de responsable de l'exploration chez Corvus Gold de 2010 à 2022, où il a supervisé la découverte et le développement d'un gisement d'or multimillionnaire dans le district de Bullfrog.

Suite à l'acquisition de Corvus en janvier 2022, Reischman a travaillé comme conseiller technique pour AngloGold Ashanti jusqu'en 2023. Ses rôles précédents incluent géologue consultant pour LAC Minerals et Barrick Bullfrog Mine au milieu des années 90, et géologue senior pour AngloGold North America de 1999 à 2003.

L'entreprise a également accordé 250 000 options d'achat d'actions à un nouveau directeur à un prix d'exercice de 0,49 $ par action, expirant le 8 mars 2029.

West Point Gold Corp (OTCQB: WPGCF) hat die Ernennung von Mark Reischman zum technischen Berater bekannt gegeben. Reischman bringt über 40 Jahre geologische Expertise mit, insbesondere im Walker Lane Trend in Nevada. Seine bemerkenswerte Erfahrung umfasst die Tätigkeit als Explorationsleiter bei Corvus Gold von 2010 bis 2022, wo er die Entdeckung und Entwicklung eines multimillionen Unzen umfassenden Goldvorkommens im Bullfrog-Distrikt überwachte.

Nach der Übernahme von Corvus im Januar 2022 arbeitete Reischman bis 2023 als technischer Berater für AngloGold Ashanti. Zu seinen früheren Positionen gehören Beratungsgeologe für LAC Minerals und Barrick Bullfrog Mine in den 90er Jahren sowie leitender Geologe für AngloGold Nordamerika von 1999 bis 2003.

Das Unternehmen hat auch 250.000 Aktienoptionen an einen neuen Direktor zu einem Ausübungspreis von 0,49 $ pro Aktie vergeben, die am 8. März 2029 auslaufen.

Positive
  • Appointment of highly experienced technical advisor with 40+ years in geological exploration
  • Advisor's successful track record includes discovery of multimillion-ounce gold deposit
  • Potential geological similarities between Gold Chain Project and successful Bullfrog District
Negative
  • Stock option grant of 250,000 shares may lead to potential dilution

Vancouver, British Columbia--(Newsfile Corp. - March 10, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce that Mark Reischman has joined as a technical advisor.

Mark's distinguished geological career spans over 40 years of working with junior and major exploration companies, primarily within the Walker Lane Trend, Nevada. Notably, Mark was Exploration Manager with Corvus Gold from 2010 to 2022 in the Bullfrog District, Beatty Nevada, overseeing all aspects of the discovery and development of the multimillion-ounce gold deposit. Subsequently, following the acquisition of Corvus in January 2022, Mark was retained by AngloGold Ashanti as Technical Advisor in the greater Bullfrog district until the end of 2023.

Prior to working with Corvus, Mark spent most of his career working in Nevada. In the mid-90s, he spent two years working as a consulting geologist for LAC Minerals and Barrick Bullfrog Mine, as well as Senior Geologist for AngloGold North America 1999-2003.

"Gold Chain is an incredibly exciting opportunity that warrants extensive and aggressive drilling across the land package to fully understand and exploit its potential," stated Mark Reischman. "There are many geological indicators that would suggest the Gold Chain package in Arizona is an analogy for the Bullfrog District that is currently being developed by AngloGold."

"Mark is one of the most experienced geologists around with boots on the ground in the Walker Lane Trend," stated Quentin Mai, CEO. "We are excited and extremely fortunate to bring on someone with Mark's extensive experience and geologic understanding of the district. His assistance has already provided additional insight and understanding at the Gold Chain Project that will help guide our programs and development."

Stock option grant

The Company's board of directors has approved a grant of stock options to a new director of the Company, pursuant to the Company's 2020 stock option plan. A total of 250,000 stock options have been granted to acquire common shares in the capital of the Company at an exercise price of $0.49 per share. These stock options expire on March 8, 2029.

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

Stay Connected with Us:
LinkedIn: linkedin.com/company/west-point-gold
X (Twitter): @westpointgoldUS
Facebook: www.facebook.com/Westpointgold/
Website: westpointgold.com

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 www.sedarplus.ca. 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 https://www.newsfilecorp.com/release/243901

FAQ

What experience does Mark Reischman bring to West Point Gold (WPGCF)?

Mark Reischman brings 40+ years of geological expertise, including roles as Exploration Manager at Corvus Gold (2010-2022) and Technical Advisor for AngloGold Ashanti until 2023.

What is the significance of Mark Reischman's appointment for WPGCF's Gold Chain Project?

Reischman's expertise suggests Gold Chain in Arizona shares geological similarities with the Bullfrog District, indicating potential for significant gold deposits.

What stock options did West Point Gold (WPGCF) grant in March 2025?

The company granted 250,000 stock options to a new director at $0.49 per share, expiring March 8, 2029.

What was Mark Reischman's role in the Bullfrog District discovery?

As Exploration Manager at Corvus Gold, he oversaw the discovery and development of a multimillion-ounce gold deposit in the Bullfrog District, Nevada.
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