Mining Junior Finds Excellent Gold Zones in Arizona

Source: Streetwise Reports 04/07/2025

West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) continues to deliver strong drill results from its Arizona-based Tyro Main Zone, including high-grade gold intercepts. With a bullish chart setup and key assays pending, the story could just be getting started.

West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) has released assay results from three reverse circulation drill holes at the Tyro Main Zone, part of its Gold Chain Project in Arizona. The latest data, covering holes GC25-37, GC25-40, and GC25-41, represent 548.6 meters of drilling and continue to build the case for a maiden resource estimate.

Hole GC25-37 intersected 41.15 meters, grading 0.83 grams per tonne (g/t) gold (Au), including a higher-grade interval of 1.52 meters at 5.47 g/t Au. Hole GC25-41 returned 10.67 meters at 1.86 g/t Au, with a notable intercept of 1.53 meters at 10.87 g/t Au. This hole also encountered a separate zone higher in the system with 22.86 meters at 1.43 g/t Au, including 3.05 meters at 4.56 g/t Au. Meanwhile, GC25-40 encountered 32.01 meters of 0.17 g/t Au.

According to the company, the Tyro Main Zone remains open at depth and along strike, both to the northeast toward the Frisco Graben and to the southwest. CEO Quentin Mai stated in a company news release, “The 2025 drill program continues to demonstrate the potential of Tyro is at least in line, if not better, than the previously announced exploration target at grades that remain significantly above the nearest operating open-pit mine.”

The Tyro zone is a quartz-rich, low-sulphidation epithermal gold system characterized by a swarm of sub-parallel quartz-calcite-adularia veins hosted in broad quartz stockwork. Increased drill density is improving understanding of the host rocks, structural controls, and grade variability. Drilling has now surpassed 3,000 meters toward a planned 5,000-meter program. Assay results from eleven completed holes, totaling roughly 1,720 meters, are pending.

Gold Sector Builds Momentum Amid Record Prices and Rising Demand

Recent developments across the gold sector highlighted continued strength in precious metals, driven by macroeconomic factors, rising investment interest, and shifting capital flows. In a March 27 commentary, Egon von Greyerz reflected on the long-term trajectory of gold, stating that “US$3,000 is certainly not a target — it is not even a price where gold will consolidate.” He argued that mainstream interest in gold had finally taken hold years after initial signals of a structural shift in the financial system. According to von Greyerz, the Dow-to-gold ratio had already declined 69% over 25 years, signaling a broader revaluation of asset classes and highlighting gold’s rising relevance as a store of value.

Later that same day, Shad Marquitz wrote on Excelsior Prosperity that the June gold futures contract had surged to US$3,113.52, establishing a new intraday all-time high. He added that “the close on Thursday’s regular trading session was at US$3,090.90, which was also another all-time daily closing high.” Marquitz also commented on profitability in the sector, stating, “The industry margins are as fat as they’ve ever been, making the miners more profitable than they’ve ever been.”

Technical Analyst Clive Maund identified three potential price objectives: “The first target is CA$0.50 (which it reached earlier in the month). The second target is CA$0.76. The third target is CA$1.28–CA$1.35.”

On March 30, a gold market update published by Clive Maund of clivemaund.com noted that the index of gold miners, GDX, had broken out of a multi-year base pattern, suggesting “the most positive action in the PM sector for many years.”

He pointed out that the breakout occurred while gold continued an uptrend that began in early 2024. According to the report, gold had “barely started to outperform the stock market yet,” despite strong gains, and investor participation remained limited, indicating broader room for capital inflows.

Reuters added on April 1 that gold had reached a new spot price record of US$3,148.88 per ounce amid ongoing geopolitical and trade policy uncertainty. The article quoted Capital.com’s Kyle Rodda, who said, “On top of general risk aversion, investors are increasing allocation to gold with the Trump administration’s trade policy threatening the dollar’s special reserve status.” The article also noted that demand for safe-haven assets like gold and government bonds had risen in response to volatility across global markets.

In an April 1 post from 321Gold, Stewart Thomson framed gold as a currency rather than a commodity, stating, “Gold is a currency (and it’s the best currency).” He underscored that investors who failed to hold meaningful gold allocations were at greater risk during periods of market dislocation and stagflation. Thomson emphasized, “a 1% allocation to gold, given the empire transition and significant stagflation that lie ahead . . . well, it’s basically a de facto number of zero.”

Advancing Resource Definition and Unlocking District-Scale Potential

According to West Point Gold’s April 2025 investor presentation, the Tyro Main Zone is part of a broader mineralized corridor within the Gold Chain Project, which spans approximately 10 kilometers along strike. Drilling, mapping, and geophysical surveys have identified multiple kilometer-scale gold targets, including Banner, Sheep Trail, and the Frisco Graben. Several of these targets lie within patented claims, which benefit from existing water rights and proximity to infrastructure such as powerlines.

The company’s near-term catalysts include ongoing drilling at Tyro and pending assay results from eleven holes already completed. In parallel, metallurgical testing at Tyro is underway and expected to continue through Q2 2025. The results from these programs are intended to support a maiden resource estimate and further refine geological and structural models of the deposit.

West Point Gold also maintains a joint venture agreement with Kinross Gold on its Jefferson Canyon Project in Nevada. Under the agreement, Kinross may earn a 70% interest by spending US$5 million and has the option to acquire an additional 10% for another US$5 million. This partnership provides non-dilutive capital for exploration and strengthens West Point Gold’s broader portfolio.

With a fully funded drill program, no debt, and US$6.1 million in cash on hand, West Point Gold continues to advance its exploration efforts across multiple properties in the Walker Lane Trend, a prolific mineral belt known for hosting several producing gold mines.

Technical Analyst Identifies Bullish Pattern in West Point Gold

On February 18, Technical Analyst Clive Maund released an updated chart analysis of West Point Gold Corp., describing a bullish setup supported by strong volume trends and a breakout from prior resistance levels. He noted that the company had “broken out of the rectangular trading range” highlighted in his January report and had “forged ahead on persistent strong upside volume,” which he interpreted as confirmation of a larger base formation in play. [OWNERSHIP_CHART-11225]

Maund stated that West Point Gold appeared to be “building up to breaking out of a large base pattern that is expected to lead to a major bull market.” Although he acknowledged the stock was “substantially overbought on a short-term basis,” he emphasized that volume patterns continued to support the uptrend. He identified three potential price objectives: “The first target is CA$0.50 (which it reached earlier in the month). The second target is CA$0.76. The third target is CA$1.28–CA$1.35.”

While allowing for the possibility of short-term consolidation, Maund concluded that “price/volume action is very bullish indeed” and suggested any near-term pullback could offer “an opportunity to buy or add to positions at an even better price.”

Ownership and Share Structure

According to Refinitiv, about 8% of West Point Gold is owned by insiders and management, and about 1% by institutions. The rest is retail.

Top shareholders include Executive Chairman Derek Macpherson with 3.01%, Gary Thompson with 2.39%, Chief Financial Officer John McNeice with 0.49%, U.S. Global Investors Inc. with 1.29%, and Director Anthony Paterson with 1.51%.

Its market cap is CA$28.98 million with 65.86 million shares outstanding, and it trades in a 52-week range of CA$0.15 and CA$0.52. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Important Disclosures:

1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of West Point Gold Corp.
2. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
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( Companies Mentioned: WPG:TSXV; WPGCF:OTCQB, )