Arizona Gold Study Uncovers More Than Expected, Results Pending

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.
3. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

* Disclosure for the quote from the Clive Maund article published on January 16, 2025

1. For the quoted article (published on January 16, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.
2. Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing the article quoted. Maund received his UK Technical Analysts’ Diploma in 1989.  The recommendations and opinions expressed in the article accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed

Clivemaund.com Disclosures

The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be  only be construed as a recommendation or solicitation to buy and sell securities.

West Point Gold Corp. (WPG:TSX; WPGCF:OTCQB) has initiated a research program at its Gold Chain project in collaboration with the Center to Advance the Science of Exploration to Reclamation in Mining (CASERM), a partnership between the Colorado School of Mines and Virginia Tech. The company aims to leverage advanced geological evaluation techniques through this collaboration to refine its exploration strategy.

The research program commenced with a site visit by Dr. Thomas Monecke of the Colorado School of Mines, during which approximately 50 rock samples were collected for petrographic, fluid inclusion, and geochemical studies. Additionally, a hyperspectral scan of 1,264 meters of drill core from the company's recent drilling program has been completed, with results pending. West Point Gold is integrating these studies into its broader exploration efforts at Gold Chain, particularly at the Tyro vein system, which has been identified as a potential host for high-grade gold mineralization.

According to Robert Johansing, Vice President of Exploration in the news release, "Our collaboration with CASERM provides us with many benefits not available to other junior explorers, including cost-effective access to advanced geologic evaluation techniques and expertise as we expand our efforts to many other large-scale targets at the Gold Chain project."

The Tyro vein system has shown structural complexities, with past studies indicating potential faulting and segmentation of the mineralized zones. The company believes the current research efforts will help refine its geological model, guiding further exploration at Gold Chain.

In addition to the CASERM partnership, West Point Gold has expanded its marketing engagement with i2i Marketing Group, LLC. The updated agreement extends the initial one-month term for an additional three months, bringing the total contract value to US$1,250,000. The campaign is aimed at increasing investor awareness through digital and direct mail strategies. The agreement remains subject to the final acceptance of the TSX Venture Exchange.

Gold Market Trends and Industry Developments

Gold prices continued to gain momentum as multiple factors contributed to increased investor interest in the sector. According to Bloomberg, on January 30, gold surged to a new all-time high, reaching US$2,798.59 per ounce. The publication attributed the rise to a weaker US dollar and renewed market uncertainty surrounding potential tariffs under President Donald Trump's administration. Bloomberg cited Phil Streible, chief market strategist at Blue Line Futures, who noted that "when you get rising inflation, and you get declining growth, you get stagflation, then gold is one of the best-performing commodities in that environment."

Kitco News reported later that day that gold futures climbed further, with April contracts hitting US$2,852.40 per ounce, marking a single-session gain of 2.1%. Kitco described the price movement as part of a broader “global economic perfect storm” that included continued central bank purchases and inflationary pressures tied to trade policy concerns. Sprott Managing Partner Ryan McIntyre observed that "the latest rally in gold prices likely reflects a combination of rising uncertainty about US policies and a weaker dollar following the disappointing fourth-quarter GDP report."

On February 2, 321Gold provided a technical outlook on the gold market, suggesting that the rally was unfolding within a larger wave pattern. The analysis pointed to an ongoing bullish trend, with projected resistance levels at US$3,101.20. The report also indicated that the structural setup remained strong, reinforcing gold's role as a hedge against broader market volatility.

John Newell of John Newell & Associates elaborated on the sector's trajectory on February 5, highlighting historical precedents for gold's exponential growth. He referenced the late 1970s bull market, when gold surged from US$100 per ounce in 1977 to US$850 by 1980, a nearly 750% increase. Based on technical patterns, he identified breakout targets at US$2,875 and US$3,150, while also discussing the possibility of gold reaching US$8,000 per ounce in the longer term. “This isn't mere speculation,” Newell wrote, “it's a pattern that has played out before and appears to be setting up once again.”

Analyst Sees Early Bull Market for West Point Gold, Strong Buy Rating Issued

*West Point Gold received a strong endorsement from Technical Analyst Clive Maund, who rated the company as an "Immediate Strong Buy" in his January 16 analysis. He highlighted that the company was in the "earliest stages of a major bull market," citing its recent price movement and volume accumulation as indicators of a sustained breakout. According to Maund, "the stock charts for West Point Gold are entirely positive — they show a stock that is just starting to ascend out of a low base pattern on increasing upside volume." West Point Gold closed at CA$0.355 (US$0.24) the previous day, on January 15.

Maund pointed to the company's focus on developing a maiden resource at the Gold Chain project in Arizona, as well as its joint venture with Kinross Gold at the Jefferson Canyon project in Nevada, as key drivers for future growth. He noted that impressive gold grades had already been discovered at Gold Chain and emphasized that the company's location along the North Oatman Trend "augurs well for significant discoveries on the property."

In his analysis, Maund also referenced West Point Gold's historical valuation, stating that "at its current price, it is at almost a 99% discount to its peak," reinforcing his view that the stock remained undervalued. He observed a marked increase in upside volume, which he described as a "powerful indication that a major bull market is incubating."

Additionally, Maund's long-term technical assessment suggested that West Point Gold had formed a "giant Double Bottom" pattern, with strong accumulation trends supporting a move higher. He concluded that "there is believed to be everything to go for with the prospect of very substantial percentage gains going forward."

West Point Catalysts: Advancing Toward a Maiden Resource

West Point Gold's exploration initiatives align with its broader objective of defining a maiden resource at Gold Chain. In its investor presentation, the company has highlighted multiple prospective gold targets within the project, including the Tyro Main Zone, Frisco Graben, and Banner-Sheep Trail Trend.

A 3,000-4,000-meter drill program is scheduled to begin in the first quarter of 2025, targeting step-out extensions at Tyro and initial testing at Frisco Graben. Additionally, metallurgical studies at Tyro are set to commence, focusing on characterizing gold and silver mineralization within the different fault blocks.

West Point Gold also continues to progress its Jefferson Canyon project in Nevada, where Kinross Gold has committed to spending US$600,000 in exploration expenditures. Under the terms of an option agreement, Kinross has the potential to acquire up to 70% interest in the project for US$5,000,000, with an additional option to increase its stake to 80% for another US$5,000,000.

With a defined exploration strategy and industry partnerships, West Point Gold is positioning itself to further assess the potential of its gold projects in Arizona and Nevada.

Ownership and Share Structure

According to Refinitiv, about 10% of the company is owned by insiders and management and about 1% by institutions. The rest is retail.

Top shareholders include Executive Chairman Derek Macpherson at 3.01%, Gary Thompson at 2.39%, Chief Financial Officer John McNeice at 2.73%, U.S. Global Investors Inc. at 1.29%, and Director Anthony Paterson at 1.51%.

Its market cap is CA$22.72 million with 65.86 million shares outstanding, and it trades in a 52-week range of CA$0.15 and CA$0.39.