9.56 g/t Gold Over 27.4 Meters Among Multiple High-Grade Hits at Expanding Arizona Zone

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) reported assay results from four drill holes at the NE Tyro zone, part of its 15,000-meter drill program at the Gold Chain Project in Arizona. The reported holes, GC25-85 through GC25-88, comprise 936 meters of diamond drilling and further define and expand the high-grade gold mineralization in the northeastern segment of the Tyro vein system.

Hole GC25-87 intercepted 27.4 meters of 9.56 grams per tonne (g/t) gold starting at 71.6 meters depth, including a higher-grade interval of 13.7 meters at 18.00 g/t gold. This hole was drilled approximately 50 meters up-dip from hole GC25-49, which previously returned 62.5 meters at 4.73 g/t gold, and contributes to confirming continuity of mineralization up-dip in this section of the vein system.

Hole GC25-88, the furthest northeast hole drilled at NE Tyro to date, intersected 44.2 meters grading 5.46 g/t gold from 140.2 meters, including 18.3 meters of 12.04 g/t gold. The results indicate extension of the high-grade zone along strike to the northeast, and the company noted that the zone remains open in that direction and at depth.

Hole GC25-85 intercepted 29.0 meters of 5.24 g/t gold starting at 164.6 meters, including 12.2 meters of 10.48 g/t gold. This hole was drilled approximately 80 meters down-dip from hole GC25-58, which returned 32.0 meters at 2.01 g/t gold, suggesting increased grade continuity at depth.

Hole GC25-86 intersected 36.6 meters at 2.22 g/t gold from 179.8 meters, approximately 140 meters down-dip from hole GC25-57. The company observed that this hole penetrated a broad quartz-veined zone, indicating consolidation of the mineralized system at depth.

In the announcement, President and CEO Derek Macpherson stated, "Drilling at NE Tyro continues to return better than expected grades with good continuity at relatively shallow depths. The high-grade zone at NE Tyro appears to continue at depth and to the northeast, suggesting the zone remains open to further expansion as we continue drilling."

The drilling program has completed 3,769 meters of the planned 15,000-meter campaign. Two additional holes totaling 540 meters have been completed, with assays pending. Drilling remains ongoing with one rig at NE Tyro and another at Tyro South.

Gold Demand Strengthened by Central Banks and Geopolitical Uncertainty

Gold demand remained supported by official sector purchases and elevated geopolitical tensions, with prices sustaining high levels amid broader market uncertainty. In a December 31 report from Ahead of the Herd, the previous year was described as historic for precious metals, noting that gold, silver, and copper all rose significantly over the same period and stating that gold had gained 69% to US$4,331.90 an ounce.

The publication attributed the strength in gold to several macroeconomic and geopolitical factors, including safe‑haven demand arising from conflicts in Gaza, Ukraine, and recent events in Venezuela, a weaker U.S. dollar, central bank buying, robust inflows into gold‑backed exchange-traded funds or ETFs, a cooling U.S. labor market, and the prospect of lower interest rates by the U.S. Federal Reserve.

Bob Moriarty of 321 Gold concluded that, in the context of rising gold prices and ongoing exploration success, West Point Gold presented an "enticing investment opportunity" at the time of writing.

Russian economist Yevgeny Biryukov was quoted as saying that for BRICS countries, gold serves as a tool to protect against sanction risks, as a response to the unreliability of traditional partners and as a tangible asset recognised for thousands of years.

The report also stated that central banks had purchased more than 1,000 tonnes of gold per year from 2022 through 2024, describing this as the longest sustained period of gold buying in modern history, and noted that the combined official gold reserves of BRICS member states exceeded 6,000 tonnes.

An article in The Economic Times on January 3 reported that bullion markets were closely tracking developments after U.S. military action in Venezuela, with traders focused on potential short‑term reactions in precious metals. Anuj Gupta, Director at Ya Wealth, was quoted as saying that geopolitical tension may fuel uncertainty as COMEX gold closed at US$4,345.50 per ounce. The article also cited comments from Sandeep Pandey, Co‑founder of Basav Capital, linking demand for gold prices to heightened global risk awareness.

According to a January 5 article by Hormaz Fatakia, investors rotated toward traditional safe‑haven assets following the escalation in Venezuela. The report noted that gold prices in the futures market gained 1% in early trading on Monday and stated that both gold and silver had their best year since 1979, reflecting the scale of the prior year's rally. The report highlighted reports that Venezuela was believed to hold the largest gold reserves among South American countries at 161 metric tonnes, which at current price levels could be worth nearly US$22 billion. Current market data show that gold continued to extend gains in early 2026, with spot prices approaching record levels amid ongoing geopolitical uncertainty and central bank demand for bullion.

Analyst Sees Strong Upside in Drill Results and Project Scale

According to Bob Moriarty of 321Gold, West Point Gold Corp. received attention in late 2025 for assay results that stood out during what is typically a quiet period in the mining sector. In his December 23 commentary, Moriarty pointed to the company's drill holes GC25-83 and GC25-84 at the Gold Chain Project in Arizona, which returned 16.8 meters grading 8.30 g/t gold and 24.2 meters grading 5.92 g/t gold, respectively. These intercepts included high-grade internal intervals of 6.1 meters at 17.61 g/t gold and 12.2 meters at 10.51 g/t gold. Moriarty highlighted the significance of these results, stating that they equated to 139 and 143 gram-meters — both considered noteworthy at current market prices.

He noted that the results were part of a broader 15,000-meter drill campaign targeting the Northeast Tyro zone, with 3,229 meters completed and assays pending for an additional 1,594 meters. Moriarty reported that West Point Gold had outlined a conceptual exploration target at the Gold Chain Project ranging from 1.4 million to 3 million ounces of gold, emphasizing that mineralization remained open in multiple directions across the 3.4-kilometer Tyro vein system.

The company's financial position was also addressed. As of mid-December, West Point Gold reported CA$7.2 million in working capital following the exercise of warrants totaling approximately CA$3 million. Moriarty stated that this funding was expected to support exploration activities through 2026.

He further stated that the company planned to mobilize a second drill rig in January 2026 and that management had expressed satisfaction with the results to date, citing grades that exceeded expectations. The release of a maiden NI 43-101 resource estimate for the Gold Chain Project was identified as a key milestone on the company's horizon.

Moriarty reported that following the December 17 release of assay results, West Point Gold's share price rose from CA$0.85 to CA$1.18 within a week, reflecting a 39% gain. He concluded that, in the context of rising gold prices and ongoing exploration success, West Point Gold presented an "enticing investment opportunity" at the time of writing.

In a January 7 update, Bob Moriarty reiterated his bullish view on West Point Gold following the company's January 6 release of four high-grade drill results from the NE Tyro zone. He highlighted Hole GC25-87, which intersected 27.4 meters at 9.56 g/t gold for a total of 262 gram-meters, calling it a "giant company making hole" and drawing comparisons to past standout intercepts from Great Bear. Hole GC25-88 was also emphasized for its 44.2 meters grading 5.46 g/t gold, translating to 241 gram-meters. Moriarty noted that all four holes reported excellent grades and that West Point Gold had completed 3,769 meters of drilling in 2025, with two more holes pending release. He confirmed that the company planned to introduce a second drill rig in January and anticipated continued assay results into Q1 and Q2, with a maiden NI 43-101 resource estimate serving as the next major milestone.

Building a Strong Foundation for the First Resource

West Point Gold has positioned the Gold Chain Project as a district-scale, multi-target gold opportunity in Arizona, with over 15 kilometers of prospective trend and multiple historical mines. The company is focused on establishing a maiden resource in 2026, with the current drill campaign at NE Tyro central to that effort.

According to the company's January 2026 investor presentation, the Tyro vein system spans approximately 3.4 kilometers and remains open to the northeast, southwest, and at depth. NE Tyro is part of a broader structural trend that includes Tyro Main, Tyro South, and step-out targets at Tyro East and the Frisco Graben. The current exploration target at Tyro Main is between 19.5 and 31.2 million tonnes grading 2.0 to 3.0 g/t gold.

The company has outlined several near-term milestones, including further drilling, additional metallurgical testing in Q1 2026, and continued permitting to support an expanded exploration footprint. A second drill rig was mobilized in January 2026 to accelerate progress toward these objectives.

With US$7.2 million in working capital as of December 2025 and institutional support, West Point Gold is actively advancing exploration at NE Tyro while preparing to test additional high-priority zones across the property. As results continue to be reported, investors will gain further insight into the scale and continuity of mineralization across the Tyro vein system. 

Ownership and Share Structure¹

About 6.2% of West Point Gold is owned by insiders and management, and about 15.6% by institutions. The rest is retail.

Top shareholders include Van Eck Associates Corp. with 7.1%, the President and CEO, Macpherson, with 1.93%, Chairman Anthony Paterson with 1.63%, Director Andy Bowering, with 0.74%, and U.S. Global Investors Inc. with 0.89%.

Its market cap is CA$128.42 million with 107.91 million shares outstanding, and it trades in a 52-week range of CA$0.29 and CA$1.22.