West Point Gold talks 2025 work, 2026 plans

Executive Summary

• West Point Gold Corp. provided a summary of its transformative 2025 performance and outlined its strategic outlook and catalysts for 2026, highlighting significant exploration success at its flagship Gold Chain project and the acquisition of the Baxter Spring project in Nevada.
• The company completed 9,131 metres of drilling at Gold Chain in 2025, resulting in an updated exploration target for the Tyro Main zone (19.5–31.2 million tonnes at 2.0–3.0 g/t Au) and high-grade intercepts extending the NE Tyro zone.
• Key 2026 catalysts include the completion of a 15,000-metre drill program, the delivery of a maiden resource estimate for Tyro Main, additional metallurgical testing, and permitting approvals for Jefferson Canyon.

Key Details

• Gold Chain Project (Arizona) Drilling Results:
  • Total drilling in 2025: 9,131 metres.
  • GC25-81: 36.6 m of 7.35 g/t Au from 161.5 m to 198.1 m, including 25.9 m of 9.95 g/t Au from 167.6 m to 193.5 m (extending NE Tyro zone to depth).
  • GC25-84: 24.4 m of 5.92 g/t Au at 120.4 m to 144.8 m, including 12.2 m of 10.51 g/t Au at 132.6 m to 144.8 m (90 m below previous intercepts).
  • GC25-83: 16.8 m of 8.30 g/t Au at 158.5 m to 175.3 m, including 6.1 m of 17.61 g/t Au at 167.6 m to 173.7 m (confirming continuity and grade improvement at depth).
  • GC25-77 & GC25-78: Near-surface intercepts of 24.4 m at 1.63 g/t Au (21.3–45.7 m) and 22.9 m at 1.56 g/t Au (24.4–47.2 m), extending mineralization 100 m northeast.
  • GC25-47, GC25-48, GC25-49: 33.5 m at 5.46 g/t Au (82.3–115.8 m), 29.0 m at 6.02 g/t Au (83.8–112.0 m), and 30.5 m at 9.05 g/t Au (110.6–131.1 m) in the Tyro Main zone.
• Exploration Target Update: Updated Tyro Main zone target to 19.5–31.2 million tonnes grading 2.0–3.0 g/t Au (conceptual nature).
• Metallurgical Testing: Preliminary bottle-roll tests (July 2025) showed gold recoveries up to 86%, with finer grind sizes yielding higher recoveries. Additional results expected Q1 2026.
• Baxter Spring Project (Nevada) Acquisition:
  • Acquired in October 2025; located in Manhattan mining district, ~40 km south of Kinross's Round Mountain mine.
  • Asset comprises 137 unpatented federal lode claims over 2,829 acres.
  • Historical drilling highlights include 12.2 m at 60.3 g/t Au (including 3.0 m at 240 g/t Au) and 24.4 m at 2.49 g/t Au.
  • 2026 Plan: Design and permit a 5,000-metre drill program to validate and expand known high-grade zones.
• Jefferson Canyon Project (Nevada):
  • Advanced under strategic exploration and option agreement with Kinross Gold USA Inc.
  • Focus on permitting a maiden drill program, with potential for drilling in 2026.
• Financials & Balance Sheet:
  • 2025 Financings: Gross proceeds of $13 million from financings, warrant, and option exercises.
  • Specifics: $8 million financing closed in June 2025; $5 million from warrant/option exercises (including $3.3 million in Q4 2025).
  • Cash Position: $7.4 million as of December 31, 2025.
• 2026 Operational Plans:
  • Expanded drill program at Gold Chain to 15,000 metres with the addition of a second drill rig in January 2026.
  • Targeting NE Tyro, Tyro South (1.2 km extension), and stepout targets (Sheep Trail, Black Dyke, Gold Chain Hill, Union Pass Corridor, Frisco Graben).
• Management Changes:
  • Derek Macpherson appointed President and CEO (transitioned from Executive Chairman).
  • Andrew Bowering appointed Director.
  • Anthony Paterson appointed Chairman.
  • Mark Reischman joined as Technical Adviser.
  • Axemen Resource Capital appointed as Strategic Adviser.

Notable Quotes

• "Two thousand twenty-five was a transformative year for West Point Gold. Our team delivered significant exploration results at Gold Chain, increasing our exploration target and adding to the company's Nevada portfolio with the Baxter Spring acquisition." — Derek Macpherson, President and CEO.
• "The continuity and grade improvement at NE Tyro, a strong balance sheet, and an expanded drill program have West Point Gold well positioned to deliver a maiden resource in 2026 and unlock further value for shareholders." — Derek Macpherson, President and CEO.