Explorer Advances High-Grade Arizona Gold Project Toward Major Breakthrough

1. 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.
2. Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.d

West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQX) announced that its common shares have started trading on the OTCQX Best Market under the ticker symbol "WPGCF," according to a May 26 release.

The company has successfully upgraded from the OTCQB Venture Market to the OTCQX, which is the top tier of the OTC Markets. This move is designed to increase the company's visibility and make its shares more accessible to U.S. investors.

West Point Gold's shares will continue to be listed on the TSX Venture Exchange with the symbol "WPG" and on the Frankfurt Stock Exchange under "LRA0."

"Graduating to the OTCQX Best Market represents an important milestone for West Point Gold as we continue to broaden our visibility with U.S. investors," President and Chief Executive Officer Derek Macpherson said. "With an active exploration program underway at our flagship Gold Chain Project in Arizona and a broader portfolio of discovery-focused assets across the Walker Lane Trend, this upgrade supports our objective of improving market access, liquidity, and awareness as we advance the Company."

This upgrade marks a pivotal development in West Point Gold's strategy to enhance its market presence and investor base in the United States.

The OTCQX Best Market is recognized for its high standards, including stringent financial criteria, adherence to best practices in corporate governance, and compliance with relevant securities laws. Investors in the U.S. can access up-to-date financial disclosures and Real-Time Level 2 quotes for the company here.

Funds Available for Upcoming PEA

Since its recapitalization in 2024, West Point Gold has been vigorously progressing its primary Gold Chain project, according to a May 27 report by Caesars Report. Early in the year, the company successfully raised capital, which is set to support the continuation of its drilling program and the completion of a maiden resource estimate for the Tyro Main Zone.

Assuming positive outcomes from this initial estimate, West Point Gold is also poised to undertake a Preliminary Economic Assessment (PEA) for the Gold Chain project, the article noted.

"Given the high-grade nature of the project (an average grade of 1.5-2 g/t gold is to be expected given the higher grade pods in the mineralized system), Gold Chain could be a low-cost gold project in a Tier-1 mining jurisdiction, and we expect the maiden PEA to reflect a high-IRR and high NPV to initial capex ratio," Caesars Report said.

West Point Gold capitalized on a favorable financing opportunity, raising CA$25 million, which now more than sufficiently funds the upcoming PEA. With gold prices projected at US$3,000 or US$3,250, the company's valuation remains appealing despite a significant increase in its share price over the past year, Caesars Report noted. The next 12 months are critical for defining West Point Gold's strategic direction, but the influx of high-grade drill results continues to bolster confidence in the company's future success and potential.

Analyst: Results Are Promising for Anticipated MRE

In April, the company released assay results from seven infill reverse circulation (RC) drill holes, part of a comprehensive 20,000-meter drilling program at Gold Chain, which is in northwest Arizona.

According to an updated research note by Red Cloud's Ron Stewart on April 24, the holes were drilled in the central to southern sections of the Tyro Main zone, a segment of a 3.4-kilometer northeast-southwest trending low-sulfidation epithermal zone. Notably, all holes encountered mineralization, with one particularly significant intercept yielding 1 gram per tonne gold (g/t Au) over 184 meters, marking the longest mineralized interval discovered so far at the site. These findings reinforce the continuity of mineralization within the Tyro Main zone and support the arrangement of the veins, underscoring Gold Chain's potential as a highly prospective epithermal gold project nearing its exploration target of 2 to 3 million ounces.

Phase 2 metallurgical test results, released on April 22, indicate that ultra-fine grinding is necessary to effectively extract the finely disseminated gold, Stewart wrote. Key highlights from the drilling include 1 g/t Au over 184.4 meters, including a segment of 8.11 g/t Au over 10.7 meters in hole GC26-125, 3.11 g/t Au over 22.9 meters in hole GC26-116, and 0.8 g/t Au over 88.6 meters in hole GC26-127. Hole GC26-125, drilled parallel to the Tyro Main zone, encountered continuous veins and veinlets, while hole GC26-127, positioned close and slightly perpendicular to GC26-125, yielded similar results. Hole GC26-116 was strategically drilled to cross the entire zone.

Stewart said the results are promising for the anticipated maiden Mineral Resource Estimate (MRE) later in the year. The mineralization within the Tyro vein system has been traced for approximately 1.4 kilometers, with high-grade concentrations noted at the northeastern end. To date, 94 holes drilled into the Tyro Main Zone have averaged 2.24 g/t over 28.2 meters. The company is continuing its aggressive drilling efforts, having completed 16,504 meters of the planned 20,000 meters, with results pending from an additional 24 holes.

Further, the Phase 2 metallurgical results revealed that material sized to 0.075mm achieved gold recoveries of 87% to 92%, while silver recoveries ranged from 55% to 83%, the analyst continued. Conversely, HPGR ground material sized to 6.2mm and conventionally ground material to 12.5mm showed significantly lower recovery rates after 168 hours of leaching. These findings suggest that further metallurgical testing and optimization could enhance recovery rates.

While West Point Gold has not yet been assigned a rating and target, the ongoing drilling successes and exploration advancements are expected to positively influence the company's valuation, Stewart noted.

Key upcoming events include the release of the maiden MRE for the Tyro Main zone and the acquisition of drill permits for Jefferson Canyon, both slated for 2026.

According to 321gold.com's Bob Moriarty, West Point continues to advance Gold Chain "one hole after another with their fully funded 20,000-meter drill program."

He continued, "With CA$30 million in their treasury look for fireworks when they announce their pending 43-101 resource in 2026."

Gold Price Dip Could Be Big Opportunity

Gold prices fell for a second session on Wednesday as expectations for a swift resolution to the U.S.-Iran conflict faded, keeping inflation concerns alive and clouding the interest rate outlook, according to a report by Noel John of Reuters published May 27 by MSN.

Spot gold was down 1.3% at US$4,448.43 per ounce, as of 1110 GMT. U.S. gold futures for June delivery fell 1.3% to US$4,446.20.

Iran said on Tuesday the United States had violated a ceasefire by striking targets near the contested Strait of Hormuz, potentially complicating efforts to bring the war to a close.

"Prices have dropped, approaching support at US$4,450 as hopes waver for a U.S.-Iran peace deal. Adding to gold's woes are steadily rising expectations that the Federal Reserve will raise interest rates amid conflict-induced price pressures," said Lukman Otunuga, senior research analyst at FXTM, according to the report.

"Ultimately, further signs of rising price pressure may reinforce bets that the Fed will keep interest rates higher for longer — exposing gold to greater downside risk."

Minneapolis Fed President Neel Kashkari said on Wednesday that the central bank must focus on containing inflationary risks that appear to be building, though it was "far too soon" to predict when it could next change interest rates.

Gold prices have been on a consistent upward trajectory for so long that even seasoned investors might have overlooked a significant recent drop, wrote Matt Richardson for CBS News MoneyWatch on May 26.

The price per ounce has fallen nearly 20% from its January high, a decrease of about US$1,000 from earlier in 2026, the article said. Several factors have contributed to this decline, presenting a potentially fleeting opportunity for investors to purchase gold at a more accessible price point. It's crucial for both new investors and those looking to increase their holdings to seize this opportunity while it lasts, he said.

"While multiple factors have contributed to that decline, the reality is that this opportunity to get invested at a more affordable price may not last very long," Richardson said. "So, it's important that investors who have yet to get started with the metal, as well as those who want to boost their holdings, take advantage while they still can."

Ownership and Share Information¹

West Point Gold Corp. has a market cap of CA$176.12 million, with 135.48 million shares outstanding. The company's 52-week range is CA$0.29 to CA$2.17.

Management and insiders own about 6.3% of shares, while about 25.7% of shares are held by institutions. The rest is retail.