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(Investorideas.com
Newswire) a leader in mining investing news and podcasts, it issues a
news and trading alert for West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF).
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, USA, 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.
Following on yesterday’s news, “Strong Metallurgical Results at West Point Gold’s (TSXV: WPG)
(OTCQB: WPGCF) Gold Chain Project: Gold Recoveries Up to
92%,” the company issued drill results today.
With gold and silver prices down today, the stock is trading down
today at $1.44, down 1.37%.
West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) announced drill results from the Tyro Main Zone at
its flagship Gold Chain Project in Arizona. All the holes drilled
intersected significant gold mineralization highlighted by 22.9
meters (“m”) at 3.11 grams per tonne (“g/t”)
gold (“Au”). Results reported in the release are from
seven reverse circulation (“RC”) drill holes (1,419m),
part of the recently expanded 20,000m drill program. These holes
were drilled into the southern portion of the Tyro Main Zone and
further confirm our interpretation of grades and structural controls
within the zone. To date, 16,504m of the ongoing drill program at
the Gold Chain project has been completed, with assays released for
1,419m of drilling. Results are pending from the Tyro Main Zone, NE
Tyro, Bull 8, and Black Dyke targets, representing 24 holes
(4,087m).
Highlights:
-
Hole GC26-116 returned 22.9m of 3.11 g/t Au from 102.1m to 125.0m. -
Hole GC26-120 returned 9.1m of 2.57 g/t Au from 125.0m to 134.1m,
expanding gold mineralization to the north and to depth. -
Hole GC26-125 returned 184.4m of 1.00 g/t Au from the surface and
included 10.7m of 8.11 g/t Au from 96.0 to 106.7m and 35.1m of
1.31 g/t Au from 106.7 to 141.7m. This hole was drilled nearly
parallel to the vein system’s strike to confirm that gold
mineralization in this portion of the Tyro Main Zone is composed
of several en-echelon zones of greater quartz vein density. -
Currently, all three rigs (2 RC, 1 core) are drilling across the
Tyro Main and NE Tyro targets, increasing West Point Gold’s
understanding of the Tyro deposit along strike, at depth, and
internally.
“Drill results from the Tyro Main zone continue to
demonstrate this zone’s potential over its plus
one-kilometer strike length. Confirmation of these en-echelon
zones within the southern portion of the Tyro Main zone is
expected to help with grade optimization in the ongoing effort to
define a maiden resource at Tyro later this year. We continue to
aggressively drill Gold Chain as we approach the completion of the
current 20,000m drill program. Results are pending from multiple
step-out targets, including holes focused on expanding the
high-grade zone at NE Tyro to the northeast,” stated Derek
Macpherson, President and CEO.
Full News
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, USA, 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.
For further information regarding this press release, please
contact:
Aaron Paterson, Corporate Communications Manager
Phone: +1 (778) 358-6173
Email: info@westpointgold.com
Stay Connected with Us:
LinkedIn:
linkedin.com/company/west-point-gold
X (Twitter):
@westpointgoldUS
Facebook:
facebook.com/Westpointgold/
Website:
westpointgold.com/
FORWARD-LOOKING STATEMENTS:
Certain statements contained in this press release constitute
forward-looking information. These statements relate to future events
or future performance and the proposed Offering. Forward-looking
statements include estimates and statements that describe the
Company’s private placement, future plans, objectives or goals,
including words to the effect that the Company or management expects a
stated condition or result to occur. The use of any of the words
“could”, “intend”, “expect”, “believe”, “will”, “projected”,
“estimated” and similar expressions and statements relating to matters
that are not historical facts are intended to identify forward-looking
information and are based on the Company’s current belief or
assumptions as to the outcome and timing of such future events
including, among others, assumptions about future prices of gold,
silver, and other metal prices, currency exchange rates and interest
rates, favourable operating conditions, political stability, obtaining
government approvals and financing on time, obtaining renewals for
existing licenses and permits and obtaining required licenses and
permits, labour stability, stability in market conditions,
availability of equipment, availability of drill rigs, and anticipated
costs and expenditures. The Company cautions that all forward-looking
statements are inherently uncertain, and that actual performance may
be affected by a number of material factors, many of which are beyond
the Company’s control. Such factors include, among other things: risks
and uncertainties relating to the Company’s ability to complete any
payments or expenditures required under the Company’s various option
agreements for its projects; and other risks and uncertainties
relating to the actual results of current exploration activities, the
uncertainties related to resources estimates; the uncertainty of
estimates and projections in relation to production, costs and
expenses; risks relating to grade and continuity of mineral deposits;
the uncertainties involved in interpreting drill results and other
exploration data; the potential for delays in exploration or
development activities; uncertainty related to the geology, grade and
continuity of mineral deposits; the possibility that future
exploration, development or mining results may vary from those
expected; statements about expected results of operations, royalties,
cash flows, financial position may not be consistent with the
Company’s expectations due to accidents, equipment breakdowns, title
and permitting matters, labour disputes or other unanticipated
difficulties with or interruptions in operations, fluctuating metal
prices, unanticipated costs and expenses, uncertainties relating to
the availability and costs of financing needed in the future and
regulatory restrictions, including environmental regulatory
restrictions. The possibility that future exploration, development or
mining results will not be consistent with adjacent properties and the
Company’s expectations; operational risks and hazards inherent with
the business of mining (including environmental accidents and hazards,
industrial accidents, equipment breakdown, unusual or unexpected
geological or structural formations, cave-ins, flooding and severe
weather); metal price fluctuations; environmental and regulatory
requirements; availability of permits, failure to convert estimated
mineral resources to reserves; the inability to complete a feasibility
study which recommends a production decision; the preliminary nature
of metallurgical test results; fluctuating gold prices; possibility of
equipment breakdowns and delays, exploration cost overruns,
availability of capital and financing, general economic, political
risks, market or business conditions, regulatory changes, timeliness
of government or regulatory approvals and other risks involved in the
mineral exploration and development industry, and those risks set out
in the filings on SEDAR+ made by the Company with securities
regulators. Although the Company believes that the assumptions and
factors used in preparing the forward-looking information in this
corporate press release are reasonable, undue reliance should not be
placed on such information, which only applies as of the date of this
news release, and no assurance can be given that such events will
occur in the disclosed time frames or at all. The Company expressly
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, other than as required by applicable
securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
More info on West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF):
https://www.investorideas.com/CO/WPG/
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WPG) (OTCQB: WPGCF) is a paid monthly featured mining stock on Investor
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