West Point Gold Drills 30.48m of 9.05 g/t Au, 33.52m of 5.46 g/t Au, and 28.96m of 6.02 g/t Au

Rhea-AI Summary

West Point Gold Corp (TSXV: WPG) (OTCQB: WPGCF) has announced significant drill results from its Gold Chain Project in Arizona. The company reported impressive gold intersections from three drill holes at the Tyro Main Zone:

- Hole GC25-49: 30.48m of 9.05 g/t Au within 62.49m of 4.73 g/t Au
- Hole GC25-47: 33.52m of 5.46 g/t Au within 50.29m of 3.76 g/t Au
- Hole GC25-48: 28.96m of 6.02 g/t Au within 41.15m of 4.33 g/t Au

The results have defined a new high-grade zone with a current drilled strike extent of approximately 100m, plunging northeast toward the Frisco Graben. These findings are expected to significantly impact the upcoming maiden resource at Tyro. Assays are pending for an additional 7 completed drill holes (approximately 1,533m), with drilling ongoing.

Positive

• High-grade gold intersections with significant widths (up to 30.48m of 9.05 g/t Au)
• Discovery of new high-grade zone with 100m strike extent
• Drilling located on patented ground, reducing permitting risks
• Ongoing 5,000m drill program with potential for expansion

Negative

• Results to only three drill holes, requiring more confirmation
• Maiden resource estimate still pending, no established reserves yet

Defines New High-Grade Zone on Patented Ground at Gold Chain Project, Arizona

Vancouver, British Columbia--(Newsfile Corp. - April 22, 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 reverse circulation drill program at the Tyro Main Zone, Gold Chain Project, Arizona. This release contains the assays for drill holes GC25-47 to GC25-49, totalling 499.9m.

Highlights:

• Hole GC25-49 intersected 30.48m of 9.05 g/t Au within 62.49m of 4.73 g/t Au. This hole included 7.62m of 12.11 g/t Au, 12.19m of 12.40 g/t Au and 1.52m of 39.1 g/t Au.

• Hole GC25-47 intersected 33.52 m of 5.46 g/t Au within 50.29m of 3.76 g/t Au. This hole included 4.57m of 12.05 g/t Au and 10.67m of 8.54 g/t Au.

• Hole GC25-48 intersected 28.96 m of 6.02 g/t Au within 41.15m of 4.33 g/t Au. This hole included 4.67m of 19.04 g/t Au and 1.53m of 10.70 g/t Au.

• Based on these results and the results from GC24-34 (42.8m of 2.50 g/t - Released January 23, 2025) there appears to be a significant higher-grade zone developing at northeast part of the Tyro Main Zone

• Assays are pending for an additional 7 completed drill holes (approximately 1,533m) and the drill program is ongoing.

"The results from these three holes in the northeastern portion of the Tyro Main Zone have defined a new high-grade zone with a current drilled strike extent of approximately 100m. The current results suggest that this higher-grade zone plunges to the northeast toward the Frisco Graben, stated CEO Quentin Mai. "These three high-grade intercepts are expected to have a significant impact on building a maiden resource at Tyro, which is on patented ground in the southwestern US."

Table 1: Drill Results

Holes	From (m)	To (m)	Width (m)	Grade (g/t Au)
GC25-47	79.25	129.54	50.29	3.76
incl.	79.25	117.35	38.10	4.86
incl.	82.30	115.82	33.52	5.46
incl.	86.87	91.44	4.57	12.05
and incl.	99.06	109.73	10.67	8.54
GC25-48	83.82	124.97	41.15	4.33
incl.	83.82	112.78	28.96	6.02
incl.	88.39	106.68	18.29	8.89
incl.	91.34	96.01	4.67	19.04
and incl.	103.63	105.16	1.53	10.70
GC25-49	80.77	143.26	62.49	4.73
incl.	100.58	131.06	30.48	9.05
incl.	102.11	109.73	7.62	12.11
incl.	102.11	106.68	4.57	15.57
and incl.	117.35	129.54	12.19	12.40
incl.	124.97	126.49	1.52	39.10

Notes:

• All widths shown are downhole; true width is approximately 60% of downhole width.

Figure 1: Isometric View of the northeast part of the Tyro Main Zone, including historical and current drilling

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5717/249347_fa18a652c46359b1_002full.jpg

Figure 2: Grade x Thickness Long Section of the Tyro Main Zone

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https://images.newsfilecorp.com/files/5717/249347_fa18a652c46359b1_003full.jpg

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)

Figure 3: Plan View of Tyro Main Zone Showing Drill Holes, Trenches and Surface Samples (gold)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5717/249347_fa18a652c46359b1_004full.jpg

Summary

Initial work conducted by the Company since 2020, including mapping, trenching and drilling (core and RC) has identified a high-grade component to the NE Tyro veins. High variability in the gold values suggested a higher-grade gold event enveloped by broader zone of <2g/t Au. Core Hole GC24-34 (42.8m at 2.5 g/t Au) identified strongly banded chalcedony-adularia veins and stockwork hosting values in excess of 10 g/t Au in a broad package of strongly altered (quartz + chlorite) wall rock.

Holes GC25-47 through -49, as described below, reveal that the broad zone of sub-parallel veins and intervening veinlets dips steeply to the southeast and appears to coalesce into a broad vein/breccia flanked by quartz stockwork (holes reported here). The mineralized package, defined by Holes GC25-47, -48 and -49, increases in width to the northeast and likely above where the veins are suspected to coalesce. The current drill sections suggest a moderate to steep northeast plunge toward the Frisco Graben.

The H1 2025 drill program has been designed to provide the data necessary for a potential maiden resource from the Tyro Main Zone and complete an initial test of the Frisco Graben, 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 (500m), an additional 7 drill holes have been completed, and assays are pending (approximately 1,553m). Drilling is ongoing.

Hole GC25-47

Hole GC25-47 was drilled to test the zone about 65m below Hole GC21-14 (35.2m @ 1.26 g/t Au) or about 100m below surface vein exposures (Figure 4). A broad package of vein was observed over 50m at 3.76g/t Au and hosted a more intensely veined zone with 38.1m at 4.86 g/t Au. Logging suggests two discrete veins or breccia bodies within weak to moderate quartz veinlets.

Figure 4: Hole GC25-47 Cross Section

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https://images.newsfilecorp.com/files/5717/249347_fa18a652c46359b1_005full.jpg

Hole GC25-48

This hole was drilled to determine if the broad zone observed in Hole GC25-47 continued to the southwest and beneath Hole GC24-34 (42.8m @ 2.5g/t Au). The hole traversed the zone about 65m below Hole GC24-34 revealing a narrower package of vein and adjacent quartz stockwork (Figure 5). The primary vein/breccia consists of 13.72m at 10.49 g/t Au within a broader zone of weak to moderate quartz veinlets (41.15m at 4.33g/t Au). The narrower width here is consistent with the merging of the surface veins into a better defined 'trunk' vein.

Figure 5: Hole GC25-48 Cross Section

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https://images.newsfilecorp.com/files/5717/249347_fa18a652c46359b1_006full.jpg

Hole GC25-49

This hole was drilled to traverse mineralization observed in GC25-47 about 40m to the northeast and beneath shallow historical surface workings. Geologic mapping suggests that the vein system here is constrained to a couple NE-trending structures with diminished intervening veinlets. Trench 11 identified 7.29g/t Au over 4.2m (Figure 6). Hole GC25-49 traversed a broad zone of quartz veinlets enveloping chalcedony-adularia-calcite veins which contained 4.73g/t Au over 62.49m. The central zone, dominated by vein and vein breccia, consisted of 30.48m @ 9.05 g/t Au. In section, the zone is similar to Hole GC25-47 (Figure 4) but consistent with the parallel veins merging at depth. Proposed drilling aims to test this coalescing as a component to the broad widths and high gold grades observed in these three holes. Better drill definition may provide additional indications to the plunge of this zone.

Figure 6: Hole GC25-49 Cross Section

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https://images.newsfilecorp.com/files/5717/249347_fa18a652c46359b1_007full.jpg

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. 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 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: facebook.com/Westpointgold/
Website: westpointgold.com/

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 https://www.newsfilecorp.com/release/249347

FAQ

What are the latest gold drilling results for West Point Gold (WPGCF) at the Gold Chain Project?

The latest results show high-grade intersections including 30.48m of 9.05 g/t Au, 33.52m of 5.46 g/t Au, and 28.96m of 6.02 g/t Au from three drill holes (GC25-49, GC25-47, and GC25-48) at the Tyro Main Zone.

How extensive is the new high-grade zone discovered by West Point Gold (WPGCF)?

The newly defined high-grade zone has a current drilled strike extent of approximately 100m, plunging northeast toward the Frisco Graben.

What is the status of West Point Gold's (WPGCF) current drilling program?

The company has completed additional 7 drill holes with assays pending (approximately 1,533m) and drilling is ongoing as part of a planned 5,000m program for H1 2025.

What is the true width of the gold mineralization in WPGCF's recent drill results?

The true width is approximately 60% of the reported downhole width for all intersections.