In the wake of an unprecedented surge in the value of gold, silver, and platinum, the Daily Sentiment Index (DSI) indicates that a significant market peak remains distant. As of December 22, the DSI stood at 83 for gold, 84 for silver, and 88 for platinum. During Monday the 22nd trading, platinum experienced a remarkable single-day gain exceeding $100 per ounce, potentially marking the largest such increase in history. As of the morning of December 23, gold reached a level just below $4,500 per ounce, while silver briefly touched $70 per ounce and platinum approached $2,200 per ounce after hitting a high of $2,210. Given platinum's nine consecutive days of gains, a correction may be forthcoming.
Throughout the year, assay labs have struggled to keep pace with the overwhelming volume of samples submitted by hundreds of junior mining companies. However, the tide appears to be turning, with several companies releasing impressive results during what is typically the quietest period of the year.
West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) recently contacted me to advertise their company in light of the rapid ascent in gold prices. On December 17, the company reported exceptional assay results from its flagship Gold Chain Project situated in western Arizona.
Hole GC25-84 intersected 24.2 meters grading 5.92 g/t gold, including 12.2 meters at 10.51 g/t gold from a depth of 120.4 meters. Hole GC25-83 encountered 16.8 meters assaying 8.30 g/t gold, including 6.1 meters at 17.61 g/t Au from 158 meters depth. These results translate to 143 gram-meters for hole 84 and 139 gram-meters for hole 83. With gold prices nearing $4,500 per ounce, any intercept exceeding 100 gram-meters is considered a significant success.
The three holes reported by West Point represent a portion of an ongoing 15,000-meter drill program targeting the Northeast Tyro area of the Gold Chain project. To date, 3,229 meters have been completed, with assays pending for an additional 1,594 meters.
The Tyro vein system extends approximately 3.4 km, with mineralization open to the northeast, southwest, and at depth. Within this zone, the Tyro Main Zone has delineated roughly one km of continuous mineralization. WPG has outlined a conceptual exploration target ranging from 1.4 million to 3 million ounces of gold. The company's management expressed satisfaction with the assay results, noting that they exceeded their grade expectations.
Beyond the Gold Chain project, WPG maintains a joint venture with Kinross Gold Corp. (K:TSX; KGC:NYSE) at the Jefferson Canyon project, where Kinross can earn up to an 80% interest. The company also holds the Baxter Spring and Tip Top gold projects, both located within the Walker Lane deformation belt.
As of mid-December, West Point reported CA$7.2 million in working capital after raising approximately CA$3 million through warrant exercises. Their exploration program is fully funded through 2026.
Investors can anticipate ongoing assay results throughout Q1 and Q2 of 2026. In January, a second drill rig will be mobilized at Gold Chain as WPG continues drilling and exploration at Tyro Main and NE Tyro. The company's next significant milestone will be the release of a maiden NI 43-101 resource estimate for the Gold Chain project.
Since the announcement of their latest assay results on December 17, West Point Gold's share price has climbed from CA$0.85 to CA$1.18, representing a 39% increase in just one week. As gold prices continue to rise, speculators may find WPG an enticing investment opportunity.
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- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of West Point Gold Corp.
- Bob Moriarty: I, or members of my immediate household or family, own securities of: None. My company has a financial relationship with: West Point Gold Corp. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
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