West Point Gold Reports Positive Preliminary Metallurgical Results from the Gold Chain Project, Arizona
July 10, 2025 7:00 AM EDT | Source: West Point Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce it has completed preliminary metallurgical testing from the Tyro target, at its Gold Chain Project in Arizona. The initial bottle roll tests returned gold recoveries up to 86%. Additionally, the Company is providing an update on its Jefferson North Project and is announcing a new marketing agreement.
"The initial metallurgical testing has yielded positive results and appears to demonstrate that the gold at Tyro can likely be recovered with cyanide via conventional processing methods. As a result of this test work, West Point Gold plans to complete a small-scale bulk sampling program for follow-up test work that is expected to include initial column testing," stated Executive Chairman, Derek Macpherson.
Highlights from Metallurgical Testing:
- Testing demonstrates that the gold at Tyro is cyanide-soluble and likely recoverable via conventional processing methods.
- Gold recoveries ranged from 86% to 32% on the 23 samples tested. Silver recoveries ranged from 80% to 34%.
- The largest factor impacting recovery was crush size, with finer material seeing better recoveries than coarser material. This test did not control crush size, but it was measured as part of the testing.
- Gold grade and sample depth did not appear to have a significant impact on recoveries.
- Cyanide and lime consumption appear to be within normal parameters.
- Design for a follow-up program is underway, with test material expected to come from small-scale bulk sampling.
Summary of Metallurgical Results:
Gold extractions for the bottle roll leach tests utilizing as-received material previously crushed to a nominal 2 millimetres ranged from 32% to 86% after 144 hours of leaching. Recoveries are based on calculated heads ranging from 0.142 to 9.229 g/t gold. Silver extractions ranged from 34% to 80% based on calculated head grades ranging from 0.40 to 197.77 g/t silver.
The sodium cyanide consumption ranged from 0.09 to 0.53 kilograms per metric tonne. Hydrated lime additions ranged from 0.50 to 3.25 kilograms per metric tonne.
The calculated p80 particle size of the material tested ranged from 1.39 to 2.17 millimetres.
Figure 1: Gold Extraction by Crush Size
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Figure 2: Gold Extraction by Grade
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Figure 3: Gold Extraction by Depth
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Figure 4: Gold Extraction vs. Cyanide Consumption
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Figure 5: Gold Extraction by Lime Addition
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Metallurgical Test Program Design
Coarse rejects from the drill holes GC25-34 (grade) and GC25-35 (grade) were provided to Kappes, Cassiday and Associates ("KCA") from Reno, Nevada, for testing. GC24-34 is from the recently defined northeast zone at Tyro, and the samples are closer to surface (less than 50m downhole). GC24-35 is from the southern portion of Tyro, and the mineralized samples range from close to surface to a depth greater than 150m downhole.
Coarse bottle roll leach testing for each of the twenty-three (23) selected drill hole intervals was conducted utilizing a 1,000-gram portion of the head material previously crushed to a nominal 2.0 millimetres by AAL.
The material was slurried with 1,500 millilitres of Reno municipal tap water. The pH of the slurry was adjusted, as required, to 10.5 to 11.0 with hydrated lime. A target amount of 1.0 grams per litre of sodium cyanide was utilized for the leach tests. Rolling on a set of laboratory rolls throughout the duration of the test (144 hours) mixed the slurry.
Figure 6: Plan View of Tyro Main Zone Showing Drill Holes, highlighting GC24-34 and GC24-35 which were used for metallurgical testing
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Jefferson North Project Update
The Company has elected to not continue with the Mining Claim Lease with Option to Purchase Agreement dated June 30, 2022 (the "Agreement"), as assigned August 15, 2022, and amended May 2, 2024 related to the Jefferson North Project in Nevada.
The agreement called for a balance of property payments totaling US$3,815,000 over the next 2 years, including a payment of US$315,000 in July 2025. While the Company views the project as prospective, there has been insufficient work to define a large-scale target that would justify these payments.
The Company and the property vendor could not come to an agreement that would materially extend the term of the contract and reduce the near-term payments, to allow the work to define a large-scale target to occur at a reasonable pace and be consistent with required permitting requirements. As a result, and given the recent exploration success at Gold Chain, the Company believes that the Company's available capital is better allocated to other projects in the portfolio.
i2i Marketing Engagement
West Point Gold has entered into a marketing agreement with i2i Marketing Group, LLC ("i2i") of Key West, Florida. The Company and i2i have agreed to a marketing and media distribution services agreement for up to a twelve-month term. The total media budget for the campaign is expected to be up to a maximum of US$1,250,000. Included in the total media budget is an initial non-refundable payment of US$250,000 to fund content creation and print and media costs.
i2i will create an advertising campaign and utilize its physical marketing program strategy with the aim of increasing investor awareness through various on-line platforms and methods of engagement, including the direct mailing of advertising materials to potentially interested parties.
The Company will not issue any securities to i2i as compensation for its marketing services. As of the date hereof, to the Company's knowledge, i2i (including its directors and officers) does not own any securities of the Company and is arm's length to the Company.
The marketing agreement with i2i remains subject to approval by the TSX Venture Exchange.
Qualified Person
Robert Johansing, M.Sc. Econ. Geol., P. Geo., the Company's Vice President, Exploration, is a qualified person ("QP") as defined by NI 43-101 and has reviewed and approved the technical content of this press release.
About West Point Gold Corp.
West Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada.
FORWARD-LOOKING STATEMENTS:
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to West Point Gold's ability to complete any payments or expenditures required under the Company's various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company's expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR+ made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate press release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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