Northwire Canada EditionFriday, October 16, 2026
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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Drill Results Routine +

Kinross Commences Drilling at West Point Gold's Jefferson Canyon Project, 7 km from Round Mountain

West Point drilled 1.0 g/t gold over 10.0 m at Jefferson Canyon, located 7 km from Round Mountain.

By The Northwire Desk — AI Analysis Oct 01, 2026 · 07:01 WPG · 1.2 West Point Gold Corp.
Executive Summary

Kinross Gold U.S.A., Inc. began drilling at West Point Gold Corp.’s Jefferson Canyon project in Nevada on September 23, 2026. This activity follows the receipt of permits on August 19, 2026, which triggered a four-year option period under the 2022 Exploration and Option Agreement. Kinross holds the option to acquire up to 80% of the project for up to US$10 million in total payments, with ongoing obligations including US$75,000 annual lease payments and US$600,000 in exploration spend.

The project is a volcanic-hosted epithermal Au-Ag system located 7 km from Kinross's Round Mountain operations. Drilling is partner-funded, allowing West Point Gold Corp. to retain equity exposure. Historical data highlights significant past intercepts, including:

  • 41.2m at 6.4 g/t Au and 402 g/t Ag
Material Impact

The commencement of drilling by major producer Kinross validates the geological potential of the Jefferson Canyon project and de-risks the partnership structure. This activity serves as a routine follow-up to the January 2026 outlook, which explicitly listed "Permitting for Jefferson Canyon drill program; potential joint‑venture drilling in 2026" as a key catalyst. The partner-funded nature of the drilling preserves West Point Gold Corp.'s cash balance while providing independent validation of the asset's grade and continuity. No immediate financial impact or equity dilution is triggered by this specific announcement, as Kinross is merely exercising its initial exploration option.

WPG · Price
Company Overview

West Point Gold Corp. is an exploration-stage junior focused on advancing gold projects in Arizona and Nevada. Its flagship asset is the Gold Chain Project in Arizona, which features the Tyro Main and Northeast (NE) Tyro zones that have demonstrated high-grade, continuous gold mineralization. Recent drilling has extended the NE Tyro zone to over 300m depth and 400m strike length, with intercepts including 66.2m at 6.57 g/t Au.

The company’s Nevada portfolio includes the Baxter Spring Project, acquired in October 2025, and the Jefferson Canyon Project, which is partnered with Kinross. Metallurgical testing at Gold Chain has shown high gold recoveries of 87-92% via milling and heap leaching, supporting multiple processing paths. West Point Gold Corp. is targeting a maiden resource estimate for Tyro Main in late Q3/early Q4 2026.

Read the original news release →

More from West Point Gold Corp.

Sep 09, 2026 · 07:01

West Point’s aggressive 30,000 metre drill program advances toward a maiden resource at the Gold Chain project.

Drill Results Aug 17, 2026 · 07:01

West Point extinguishes royalties on western Gold Chain targets to de-risk the project ahead of its maiden resource estimate.

Drill Results Aug 11, 2026 · 07:01

West Point reported modest shallow gold at Black Dyke, expanding district potential without significant grade or width to impact results.

Drill Results Aug 05, 2026 · 07:02

West Point’s Tyro Main infill drilling returned 30.4m at 2.31 g/t Au, confirming continuity without exploration step-outs.

Drill Results Jul 29, 2026 · 07:01

West Point confirms continuity with 195 g*m Au, though grades cool compared to prior bonanza results at the Tyro project.

Drill Results Jul 14, 2026 · 07:01

West Point’s NE Tyro resource deepens to 350 metres, though new drill holes lack the high-grade punch of recent bonanza-scale intersections.

Drill Results