en.Wedoany.com Reported - West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQX; LRA0:FSE) has released assay results from two drill holes at the Northeast Tyro zone within its Gold Chain project in Arizona, USA, revealing high-grade gold mineralization that continues to widen at depth.
The latest drilling intercepted a 56.4-meter interval grading 4.24 g/t gold within the Northeast Tyro vein system, including a high-grade core of 28.9 meters grading 7.77 g/t gold. These intervals directly build upon previous drill results and remain open in multiple directions, indicating potential for resource expansion. Geological evidence suggests the zone has experienced multiple mineralizing events and may extend beyond 270 meters depth.
The company plans to release the initial resource estimate for the Gold Chain project in the second half of 2026. Pending assay results from 5,920 meters of drilling will be directly incorporated into the upcoming resource model. Analysts at Paradigm Capital believe the project's initial resource estimate could reach 1.5 to 2 million ounces at attractive grades. Paradigm Capital has initiated coverage on the company with a "Speculative Buy" rating and a target price of C$3.30, highlighting that the two main zones already host approximately 1.1 million ounces at 2.1 g/t gold.
As of July 12, spot gold was priced at US$4,121.94 per ounce. According to a Kitco Media commentary on July 10, seasonal summer strength and inflation concerns may support gold prices. InvestorsHub wrote on July 12 that gold "reaffirmed its role as one of the world's leading safe-haven assets after recovering above US$4,100 per ounce." Carlisle Kane of Equedia Investment Research compared the company's previously reported high-grade intervals to regional mining averages, noting that the grade is approximately 35 times higher than the average for open-pit mining in the southwestern United States. In this environment, West Point Gold is advancing its Gold Chain project in a stable jurisdiction. The company also holds advanced exploration projects in Nevada, including Baxter Spring and the partner-funded Jefferson Canyon drilling program.
West Point Gold has a market capitalization of C$180.83 million with 135.97 million shares outstanding. In terms of shareholding structure, institutions hold 25.7%, management and insiders control 6.3%, and retail investors hold the remaining 68%. Pending assay results from the 21,079-meter drilling program and the initial resource estimate are near-term catalysts. The company stated that results from the remaining approximately 21,000 meters of drilling at Gold Chain will support resource definition. Additional work on Nevada projects, including partner-funded drilling at Jefferson Canyon, adds further optionality.
Regarding frequently asked investor questions on the significance of the latest drill results, the company believes these intervals confirm grade continuity and widening of the vein system at depth, supporting resource growth potential. The initial resource estimate is planned for release in the second half of 2026, pending integration of outstanding assay results. The company's market capitalization is approximately C$180.83 million. Beyond Gold Chain, the company holds advanced exploration projects in Nevada, including Baxter Spring and Jefferson Canyon.
