19:25:06 EDT Thu 04 Jun 2026
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West Point Gold Corp
Symbol WPG
Shares Issued 135,476,095
Close 2026-06-04 C$ 1.22
Market Cap C$ 165,280,836
Recent Sedar+ Documents

West Point drills 21.4 m of 1.01 g/t Au at Union Pass

2026-06-04 16:19 ET - News Release

Mr. Derek Macpherson reports

WEST POINT GOLD INTERSECTS 21.4 M OF 1.01 G/T AU IN THE UNION PASS FAULT CORRIDOR, UNLOCKING APPROXIMATELY 12 KMS OF STRIKE LENGTH

West Point Gold Corp. has released results from its property-wide target testing program. The initial drilling campaign into the Union Pass Fault corridor at the Bull 8 target returned significant gold values highlighted by a 21.4-metre broad interval of gold (Au) mineralization at 1.01 grams per tonne (g/t). The Bull 8 target is approximately six kilometres (km) northwest (NW) of the Tyro zone, outside of where the company is working on its upcoming maiden mineral resource estimate (MRE).

The Union Pass Fault is a major regional structural feature, with several associated faults mapped and sampled along its 12-kilometre strike length on the property. Initial drilling into the Union Pass Fault corridor was targeted at Bull 8, which has several historical prospect pits and trenches. West Point Gold completed surface mapping and sampling in the area, which revealed a broad northwest-trending zone of highly prospective mineralization; rock types hosted within gold-bearing structures that have returned gold values greater than two g/t Au. Bull 8 is on the northwest portion of the Union Pass Fault corridor, shown to be a controlling structure of the Frisco graben.

To date, 20,116 m of the continuing drill program at the Gold Chain project has been completed. Results are pending from the Black Dyke, Tyro Main and NE Tyro zones representing 35 holes (7,697 m).

Highlights:

  • Hole GC26-136 returned 21.4 m (18 m true width) at 1.01 g/t Au from 71.6 m to 93.0 m within a broadly mineralized envelope.
  • Hole GC26-130 returned 12.2 m of 0.41 g/t Au from 6.1 m to 18.3 m, identifying an extensive near-surface lower-grade zone.
  • The structural corridor that hosts the Bull 8 prospect also is one of the controlling features of the Frisco graben. Extensive quartz veining, hydrothermal alteration and anomalous gold values can be observed over the entire 12 km.
  • All holes drilled across the Bull 8 prospect intersected gold mineralization.

"The significance of the results in GC26-136 has less to do with the significant gold values intersected and more to do with the structural setting. The Union Pass Fault corridor, and the associated Frisco mine fault are major regional structural features with approximately 12 km of demonstrated strike length on Gold Chain. Exploration success at Bull 8 supports the company's view that these major features, which also control the Frisco graben, appear to have played an important role in the mineralizing events at Gold Chain. We believe these results derisk other targets along the Union Pass Fault corridor, including the Frisco graben," stated Derek Macpherson, president and chief executive officer.

Summary

West Point Gold has recently completed an initial drilling campaign composed of six holes totalling 855.7 metres (Table 2) at Bull 8. The identification of broadly veined intervals at a dike/Precambrian contact within a regional shear zone hosting low-level gold values (100 to 500 parts per billion Au (gold)) suggests follow-up drilling is warranted. This structural corridor, which hosts widespread, high-level veining with anomalous gold values over several kilometres, hosts numerous additional targets. Hole GC26-136, the deepest hole drilled in this campaign, identified 21.4 m at 1.01 g/t Au, supporting the company's belief that surface features are a manifestation of concealed gold mineralization.

The exploration conducted to date at the Bull 8 prospect, along with more regional geologic, geochemical and geophysical studies, reveals that a regional northwest structural corridor is the dominant geologic feature. The Bull 8 prospect is a small hill surrounded on three sides by Quaternary alluvium. This hill is traversed by several fault-bounded dikes emplaced into widely sheared, brecciated and altered Precambrian granite, which has been tested by several historical pits, adits and trenches; surface gold values are up to 2.09 g/t Au. The dikes and confining structures dip steeply to the north-northeast and are consistent with attitudes seen along the Union Pass Fault

Corridor (including the Frisco mine fault) across the Gold Chain project (about 12 km). Throughout the entire strike length documented by West Point Gold, the hangingwall (HW) is strongly altered to silica plus clay plus hematite (steam-heated environment), whereas the footwall (FW) (generally Precambrian granite) is propylitized. Quartz veinlets and cemented breccias are also widespread and commonly anomalous in gold.

Exposures of the mineralized zone at Bull 8 reveal strongly sheared and brecciated Precambrian granite hosting both quartz vein fragments and quartz-chalcedony veinlets and silicification. The sheared and brecciated rocks contained abundant iron oxides, which were observed in all of the drill holes. The highly variable appearance of the mineralized zone, including quartz styles, textures and colours, suggests prolonged tectonism and mineralization, including widespread evidence of postmineral movements. Distinct, continuous veins are not apparent.

Figure 3 in the original version of this news release provides a geologic sketch of the two deeper holes, GC26-132 and -136. The section reveals a close correlation between quartz veining, along with gold, and the footwall contact of a feldspar porphyry dike complex and the Precambrian granite. This contact, along with other dike contacts, are faults. Surface exposures of the dike do not reveal shearing, brecciation or fracturing as seen in the surrounding Precambrian granite, suggesting that the dikes were emplaced into the structural corridor after much of the tectonism. Similar features have been observed several kilometres to the southeast, that is Frisco graben and Tyro vein, suggesting a prolonged structural history.

Importantly, hole GC26-136 encountered gold grades up to 5.96 g/t Au and 21.4 m at 1.01 g/t Au from 70.6 to 93.0 m. Approximately 50 m above, hole GC26-132 encountered a broad zone of moderate to strong quartz veinlets with 7.62 m at 0.35 g/t Au at the HW contact and 9.14 m at 0.22 g/t Au along the FW; strongly anomalous gold values exist between the two intervals. Most importantly, veining appears to coalesce with depth, along with an increase in gold values. This scenario is similar to the uppermost NE Tyro vein where strongly altered, weakly mineralized rock sits immediately above broad widths and high gold grades.

New Era Publishing Inc. marketing engagement

West Point Gold has engaged New Era Publishing, also doing business as Katusa Research, an arm's-length service provider, to provide the company certain investor relations and marketing services, in accordance with the policies of the TSX Venture Exchange and applicable securities laws. Based in Vancouver, B.C., New Era specializes in media and investor relations services, within the natural resource sector. Under a consulting agreement dated May 27, 2026, New Era will provide media relations, investor communication and market awareness services to the company for a three-month term for a one-time fee of $250,000 (U.S.), payable at the commencement of services. The company will not issue any securities to New Era as compensation for its services. As of the date hereof, to the company's knowledge, New Era (including its directors and officers) does not own any securities of the company. The marketing agreement with New Era 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. Mr. Johansing has also been responsible for overseeing all phases of the drilling program, including logging, labelling, bagging and transport from the project to American Assay Laboratories of Sparks, Nev. Drill holes have a diameter of about 10 centimetres, and samples have an approximate weight of five to 10 kilograms. Samples were then dried, crushed and split, and pulp samples were prepared for analysis. Gold was determined by fire assay with an ICP finish, and overlimit samples were determined by fire assay and gravimetric finish. Silver plus 15 other elements were determined by Aqua Regia ICP-AES (IM-2A16) and overlimit samples were determined by fire assay and gravimetric finish. Both certified standards and blanks were inserted on site along with duplicates, standards and blanks inserted by American Assay. The results summarized above have been carefully reviewed with reference to the QA/QC (quality assurance/quality control) results. Standard sample chain of custody procedures were employed during drilling and sampling campaigns until delivery to the analytical facility.

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, U.S., 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.

We seek Safe Harbor.

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