02:46:50 EDT Tue 24 Mar 2026
Enter Symbol
or Name
USA
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West Point Gold Corp
Symbol WPG
Shares Issued 134,688,023
Close 2026-03-23 C$ 1.22
Market Cap C$ 164,319,388
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West Point Gold expands drill program at Gold Chain

2026-03-23 16:27 ET - News Release

Mr. Derek Macpherson reports

WEST POINT GOLD EXPANDS THE ONGOING FULLY FUNDED DRILL PROGRAM TO 20,000M

West Point Gold Corp. has expanded its continuing drill program from 15,000 metres (m) to 20,000 m, has provide an update on other exploration work on the project and has provided a corporate update. Since the current program began in September, 2025, the company has drilled 11,968 m. Results are pending for 23 holes representing 4,063 m from the Tyro Main zone, South Tyro, Sheep Trail and Bull 8 targets.

Highlights:

  • Currently, there are three drill rigs at Gold Chain: two at the Tyro Main zone and one testing and following up on stepout targets.
  • The fully financed drill program has been expanded to a minimum of 20,000 m, and drilling is expected to continue at least until the end of May, 2026, potentially resulting in additional metres drilled.
  • Permits have been received for the first plan of operations (POO No. 1) at Gold Chain, allowing for the planned deeper drilling at the Tyro Main zone and below the high-grade zone at Northeast Tyro.
  • The company has recently completed a CSAMT survey and a ground gravity survey at Gold Chain to improve targeting at multiple targets on the project, including the Frisco Graben.
  • Additional metres are allocated to following up on recent successes at stepout targets such as the newly defined Black Dyke and additional drilling at the Tyro Main zone, in support of the planned maiden resource.

"Thanks to the support of our shareholders through the recent financing, we are well positioned to drill aggressively at Gold Chain and meet our dual goals for 2026: a maiden resource and a new discovery. Our primary focus is to deliver a maiden resource at the Tyro Main zone. The plan of operations allows us to drill deeper and beneath the Tyro Main and Northeast Tyro zones and expand the high-grade zone to the northeast. While we have already achieved our secondary goal of making a discovery at one of our stepout targets with the recent success at Black Dyke, there are additional targets to follow up on and test. With the three rigs on site and a fully funded expanded program, investors can expect a steady flow of drill results over the next several months," stated Derek Macpherson, president and chief executive officer.

Geophysical studies

The company has recently completed a CSAMT (controlled source audio magnetotellurics) survey over the Tyro Northeast vein system and the Frisco Graben. A total of nine lines were recorded, totalling 31,500 line metres of data. Dipole spacing was 25 meres on three lines (L0, L200 and L400) and 50 metres on the remaining six lines. The program was designed to determine if the Tyro Northeast mineralized corridor is sufficiently resistive to be mappable by CSAMT and whether the base of the steam-generated clay-silica-hematite cap over the Frisco Graben can be identified and mapped with CSAMT. A preliminary analysis suggests that both goals were achieved.

A ground gravity survey was conducted over the entire Gold Chain project area. The primary goal of this has been to identify the primary structures responsible for the broad dispersion of gold prospects and variable hydrothermal alteration across the district. Although the data processing and analysis are not yet complete, the results appear to identify major structures that likely had important roles in the distribution of Miocene volcanics and the movement of hydrothermal fluids.

These surveys, along with the aeromagnetic survey conducted in 2022, are being considered in light of hyperspectral, geochemical, mineralogical and structural studies conducted by West Point Gold to date. The insights gained from these studies, in conjunction with an aggressive drilling campaign, increase the company's probability of discovery and success.

Equedia marketing engagement

West Point Gold has engaged Equedia Network Corp., an arm's-length service provider, to provide communications and advisory services in accordance with the policies of the TSX Venture Exchange and applicable securities laws.

Based in Richmond, B.C., Equedia specializes in marketing, communications, media engagement and public awareness services within the mining and metals sector. Under a media and investor relations services agreement dated March 9, 2026, Equedia will provide communications, marketing and advisory services to the company for a 12-month term for a one-time fee of $500,000, plus applicable taxes payable at the commencement of services.

The company will not issue any securities to Equedia as compensation for its marketing services. As of the date hereof, to the company's knowledge, Equedia (including its directors and officers) does not own any securities of the company.

The marketing agreement with Equedia is subject to TSX Venture Exchange approval.

Qualified person

Robert Johansing, MSc, Econ, Geol, PGeo, the company's vice-president, exploration, is a qualified person (QP) as defined by National Instrument 43-101, and has reviewed and approved the technical content of this press release.

About West Point Gold Corp.

West Point Gold is an exploration and development company focused on unlocking value across four strategically located projects along the prolific Walker Lane trend in Nevada and Arizona, United States, providing shareholders with exposure to multiple discovery opportunities across one of North America's most productive gold regions. The company's near-term priority is advancing its flagship Gold Chain project in Arizona.

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