West Point expands Gold Chain drilling to 15,000 m

Executive Summary

• West Point Gold Corp. announced the exercise of warrants generating $3.0 million in proceeds, increasing its cash balance to $7.2 million as of December 15, 2025.
• The company is expanding its ongoing drill program at the Gold Chain project from 10,000 metres to 15,000 metres by adding a second drill rig expected to arrive in early January 2026.
• The expanded program aims to test stepout targets (including Tyro South and Sheep Trail) and expand the Tyro Main zone toward a maiden resource, with 3,229 metres already drilled since September 2025.

Key Details

• Warrant Exercises: Since September 30, 2025, a total of 6,271,071 warrants were exercised.
• Proceeds: The warrant exercises generated gross proceeds of $3.0 million.
• Cash Position: As of December 15, 2025, the company’s cash balance is $7.2 million, an increase from $6.4 million at September 30, 2025.
• Shares Outstanding: 108,072,448 shares outstanding as of December 15, 2025.
• Drilling Progress:
  • Total metres drilled since resumption in September 2025: 3,229 metres.
  • Metres with assays pending: 1,594 metres.
  • Drilling breakdown: 1,178 metres of infill drilling at the near-surface portion of the deposit and 2,051 metres expanding the high-grade zone at northeast Tyro.
• Program Expansion:
  • Original program size: 10,000 metres.
  • New program size: 15,000 metres (an increase of 5,000 metres).
  • Method: Addition of a second drill rig.
  • Timeline: Second rig expected at site in early January 2026.
• Target Areas: The expanded drilling will test Tyro South (a 1.2-kilometre extension of the 1-kilometre Tyro Main zone), Sheep Trail mine, Black Dyke mine, Gold Chain Hill, Union Pass Corridor, and follow-up drilling at the Frisco graben.
• Strategic Goal: To systematically test targets and advance the Tyro Main zone toward a maiden resource.
• Permitting: Additional permitting work is underway for targets not on patented claims.

Notable Quotes

• "The combination of our ongoing drilling success and better-than-expected balance sheet at this point in the program has us well positioned to drill more aggressively in 2026. Our plan is to test Tyro South, a 1.2-kilometre extension of the one-kilometre Tyro Main zone, expand the Tyro Main zone to depth and test many of the other high-potential targets at Gold Chain," stated Derek Macpherson, president and chief executive officer.
• "We would like to thank our many supportive shareholders who have exercised warrants over the last few months, putting us in this strong financial position."