News Summary
On December 17, 2025, West Point Gold announced further high-grade drill results from its ongoing 15,000-metre drill program at the Gold Chain Project in Arizona. The results are from three holes targeting the Northeast (NE) Tyro zone.
Key intercepts include:
– GC25-83: 16.8 metres (m) of 8.3 grams per tonne (g/t) gold (Au) from 158.5 m depth.
– GC25-84: 24.4 m of 5.92 g/t Au from 120.4 m depth.
According to CEO Derek Macpherson, these results successfully expand the high-grade zone at depth and along strike to the northeast. He noted that grades appear to be improving at depth as the veins coalesce, a characteristic typical of low-sulphidation epithermal systems. The company believes these results will have a positive impact on the grade and scale of its upcoming maiden resource estimate. Drilling is ongoing, with assays pending for four additional holes (936 m).
Material Impact
The latest drill results are materially positive and serve as a strong validation of the company’s exploration model at the NE Tyro zone. This news builds directly upon a sequence of impressive results throughout 2025, most notably the discovery-style results from April 22 (e.g., 30.48m of 9.05 g/t Au) and the high-grade extension from November 25 (36.6m of 7.35 g/t Au).
Crucially, this release demonstrates two key value drivers for an exploration asset:
1. Continuity: The results confirm that the high-grade mineralization extends at depth, which is essential for building tonnage for a resource estimate.
2. Improving Grade: The CEO’s comment that grades appear to be improving at depth is a significant statement. If this trend continues, it could materially enhance the potential economics of the project.
This news is perfectly aligned with the company’s stated objective of delivering a maiden resource in 2026. Each successful high-grade intercept de-risks the project and increases the probability of a robust initial resource.
The impact is further amplified by the news from the previous day (December 16), which confirmed the company is well-funded with CAD $7.2 million in cash following $3.0 million in warrant exercises. This strong treasury eliminates any near-term financing risk and ensures the company can aggressively pursue its expanded 15,000-metre drill program with two rigs in early 2026. The combination of excellent geology and a strong balance sheet is a powerful one.
There are no misses in this news. It meets and exceeds reasonable expectations for step-out drilling on a known high-grade zone.
Catalysts
– Immediate: Assay results from the four completed holes (936 m) that are currently pending.
– 3-6 Months:
– A steady flow of drill results from the ongoing 15,000-metre program. A second drill rig is expected in January 2026, which should accelerate news flow.
– Results from drilling new step-out targets mentioned on December 16, including the 1.2 km extension at Tyro South. Success here could significantly expand the project’s scale beyond the current Tyro Main Zone.
– Any updates on the timeline and progress toward the planned 2026 maiden resource estimate, which remains the single most important catalyst for the company.
Materiality Conclusion
The news is Material – Positive. The drill results successfully extend a known high-grade gold zone, validate the company’s geological thesis that grades are improving at depth, and add significant potential value to the forthcoming maiden resource estimate. The positive impact is magnified by the company’s recently confirmed strong financial position, which fully funds the expanded drill program designed to deliver this resource.
