West Point Gold Resumes Maiden Resource Drill Program at Gold Chain and Appoints Conrad Nest as New Independent Director
West Point Gold (WPGCF) has resumed its maiden resource drill program at the Gold Chain Project in Arizona. The company plans to execute at least 3,000m of reverse circulation drilling, focusing on the Tyro Main Zone. Previous drilling highlights include intersections of 42.8m at 2.50 g/t Au (hole GC24-34) and 89.5m at 1.08 g/t Au (hole GC24-30).
The company has also appointed Conrad Nest as a new Independent Director, bringing over 25 years of experience in mergers and acquisitions, corporate governance, and securities law. Peter Mercer has stepped down from the Board but remains an advisor. The company's CEO, Quentin Mai, is scheduled to present at the Metals Investor Forum on March 1st, 2025.
West Point Gold (WPGCF) ha ripreso il suo primo programma di perforazione per la valutazione delle risorse presso il Gold Chain Project in Arizona. L'azienda prevede di eseguire almeno 3.000 metri di perforazione a circolazione inversa, concentrandosi sulla Tyro Main Zone. I precedenti risultati di perforazione includono intersezioni di 42,8 metri a 2,50 g/t Au (foro GC24-34) e 89,5 metri a 1,08 g/t Au (foro GC24-30).
L'azienda ha anche nominato Conrad Nest come nuovo Direttore Indipendente, portando oltre 25 anni di esperienza in fusioni e acquisizioni, governance aziendale e diritto dei titoli. Peter Mercer si è dimesso dal Consiglio ma rimane un consulente. Il CEO dell'azienda, Quentin Mai, è programmato per presentare al Metals Investor Forum il 1° marzo 2025.
West Point Gold (WPGCF) ha reanudado su programa de perforación de recursos en el Gold Chain Project en Arizona. La empresa planea ejecutar al menos 3,000 metros de perforación de circulación inversa, enfocándose en la Zona Principal Tyro. Los aspectos destacados de perforaciones anteriores incluyen intersecciones de 42.8 metros a 2.50 g/t Au (pozo GC24-34) y 89.5 metros a 1.08 g/t Au (pozo GC24-30).
La empresa también ha nombrado a Conrad Nest como nuevo Director Independiente, aportando más de 25 años de experiencia en fusiones y adquisiciones, gobernanza corporativa y derecho de valores. Peter Mercer ha renunciado a la Junta, pero sigue siendo asesor. El CEO de la empresa, Quentin Mai, está programado para presentar en el Metals Investor Forum el 1 de marzo de 2025.
웨스트 포인트 골드(WPGCF)가 애리조나의 골드 체인 프로젝트에서 첫 자원 시추 프로그램을 재개했습니다. 회사는 타이로 메인 존에 집중하여 최소 3,000m의 역순환 시추를 수행할 계획입니다. 이전 시추의 주요 결과로는 42.8m에서 2.50 g/t Au (구멍 GC24-34) 및 89.5m에서 1.08 g/t Au (구멍 GC24-30) 등이 있습니다.
회사는 또한 콘래드 네스트를 새로운 독립 이사로 임명하였으며, 그는 25년 이상의 인수합병, 기업 지배구조 및 증권법 분야의 경험을 가지고 있습니다. 피터 머서는 이사회에서 물러났지만 여전히 자문 역할을 하고 있습니다. 회사의 CEO인 퀸틴 마이는 2025년 3월 1일 메탈 투자 포럼에서 발표할 예정입니다.
West Point Gold (WPGCF) a repris son premier programme de forage de ressources au projet Gold Chain en Arizona. L'entreprise prévoit d'effectuer au moins 3 000 mètres de forage à circulation inverse, en se concentrant sur la zone principale de Tyro. Les points forts des forages précédents comprennent des intersections de 42,8 mètres à 2,50 g/t Au (trou GC24-34) et 89,5 mètres à 1,08 g/t Au (trou GC24-30).
L'entreprise a également nommé Conrad Nest comme nouveau directeur indépendant, apportant plus de 25 ans d'expérience en fusions et acquisitions, en gouvernance d'entreprise et en droit des valeurs mobilières. Peter Mercer a démissionné du conseil d'administration mais reste conseiller. Le PDG de l'entreprise, Quentin Mai, est prévu pour présenter au Metals Investor Forum le 1er mars 2025.
West Point Gold (WPGCF) hat sein erstes Ressourcenbohrprogramm im Gold Chain Project in Arizona wieder aufgenommen. Das Unternehmen plant, mindestens 3.000 Meter Reverse-Circulation-Bohrungen durchzuführen, mit Fokus auf die Tyro Main Zone. Zu den bisherigen Bohrhighlights gehören Schnittstellen von 42,8 Metern mit 2,50 g/t Au (Bohrloch GC24-34) und 89,5 Metern mit 1,08 g/t Au (Bohrloch GC24-30).
Das Unternehmen hat außerdem Conrad Nest als neuen unabhängigen Direktor ernannt, der über 25 Jahre Erfahrung in Fusionen und Übernahmen, Unternehmensführung und Wertpapierrecht mitbringt. Peter Mercer ist aus dem Vorstand ausgeschieden, bleibt jedoch Berater. Der CEO des Unternehmens, Quentin Mai, wird am Metals Investor Forum am 1. März 2025 präsentieren.
- Significant gold intersections: 42.8m at 2.50 g/t Au
- Advancing towards maiden resource estimate
- Addition of experienced mining law expert to Board
- Strong previous drilling results: 89.5m at 1.08 g/t Au
- Board restructuring with director stepping down
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2025) - West Point Gold, (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce that it has resumed drilling at its Gold Chain Project, Arizona. This phase of reverse circulation ("RC") drilling is planned to consist of at least 3,000m and is anticipated to provide the necessary data to deliver a maiden resource from the Tyro Main Zone.
"We are excited to advance Gold Chain by following up on the success of the Q4 2024 drill program. The majority of drill holes plan to test the centre of Tyro Main Zone between holes GC23-24 and GC24-32 (Figure 2) and at the North End around hole GC24-34, which returned 42.8m at 2.50 g/t Au," stated Quentin Mai, CEO. "The primary goal of this program is to generate the data required for a maiden resource at the Tyro Main Zone."
Figure 1: Drill Rig at Gold Chain Project, Arizona, starting hole GC25-37
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5717/242430_c3c3a132744fe899_002full.jpg
Drill Program
The drill program is expected to consist of a minimum of 3,000m, targeting the Tyro Main Zone and reducing the spacing between existing holes (Figure 2 and Table 1).
As part of the program, the Company also plans to test below holes GC23-24 (25.9m at 2.27 g/t Au), GC23-23 (44.2m at 2.01 g/t Au), and GC24-30 (89.5m at 1.08 g/t Au). The Company also plans to test beneath and to the north of hole GC24-34 (42.8m at 2.50 g/t Au). To the north of hole GC24-34, Trench 13 returned 4.7m at 7.64 g/t Au.
The results from this drill program are intended to provide the necessary data required to complete a maiden resource estimate.
Figure 2: Tyro Main Zone Plan View with Target Areas
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5717/242430_c3c3a132744fe899_003full.jpg
Appointment of Conrad Nest as Director
The Company is pleased to announce the appointment of Conrad Nest to its Board of Directors. Conrad has over 25 years of experience advising domestic and international clients on cross-border mergers and acquisitions, corporate governance, and securities law, bringing invaluable experience to the Company as it advances its strategic growth initiatives. In conjunction with Conrad's appointment, Peter Mercer has stepped down from the Board of Directors but remains an advisor to the Company.
"We are thrilled to welcome Conrad to the West Point Gold team, and his exceptional track record and comprehensive expertise in corporate law, mining transactions, and governance will be instrumental as we continue executing our strategic vision," stated Derek Macpherson, Executive Chairman. "Additionally, we would like to thank Peter Mercer for his work with the Company and helping it get through its recent transformation."
Conrad has an extensive background in mining and corporate law, having served as lead counsel on the acquisition of the San Cristobal Mine—one of the world's largest operating silver, lead, and zinc mines. He currently serves as VP Legal and as a Director of San Cristobal Mining Inc.
Before joining West Point Gold Corp., Conrad was a key member of the mining, securities, and mergers and acquisitions group at a large international law firm, as well as the co-head of the securities, mining, and corporate finance group at a regional law firm. He is a member of the bar in both British Columbia and Washington State. He holds an LL.B. from the University of Victoria, Canada, where he also served as an editor of the University of Victoria Law Journal.
West Point Gold to Present at the Metals Investor Forum on Saturday March 1, 2025
The Company is pleased to announce that West Point Gold CEO, Quentin Mai, is scheduled to present at the Metals Investor Forum (MIF 2025 Toronto) on Saturday, March 1st, 2025, at 3:30 pm ET / 12:30 pm PT. West Point Gold will be introduced by Keynote Speaker Chen Lin, newsletter writer for "What is Chen Buying? What is Chen Selling?".
Qualified Person / Quality Control and Quality Assurance
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 been responsible for all phases of work conducted to date at Gold Chain by the Company.
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
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FORWARD-LOOKING STATEMENTS:
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements which include, without limitation, statements about the proposed drill program at the Company's Gold Chain Project, Arizona, the Company's plans for its investments and properties; the Company's business strategy, plans and outlook; the merit of the Company's investments and properties; timelines; the future financial performance of the Company; expenditures; approvals and other matters. Often, but not always, these forward-looking statements can be identified by the use of words such as "estimate", "estimates", "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "upgraded", "offset", "limited", "contained", "reflecting", "containing", "remaining", "to be", "periodically", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations.
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, 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/242430
FAQ
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