Expansion Plan For Drill Program At Gold Chain Project

VANCOUVER - West Point Gold Corp. reported that it plans to expand the current reverse circulation (RC) drill program at its Gold Chain Project in Arizona. The Company has elected to expand the program as the successful results returned to date continue to confirm the model. The expanded program will be funded by proceeds received from recent warrant exercises. The expanded program plans to continue drilling the northern extension of Tyro and complete an initial test of the Frisco Graben target.

"We would like to thank our current shareholders for their continued support. Through their warrant exercises, we have been able to expand the ongoing drill program at our Gold Chain project in Arizona. The expanded program will allow us to complete an initial test at the Frisco Graben that bears geologic similarities to AngloGold's Silicon-Merlin deposit," stated CEO Quentin Mai.

The Frisco Graben is a large-scale, low-sulphidation epithermal gold target at the Company's Gold Chain project Arizona (Figure 4). The Frisco Graben is bounded on the southwest by the Frisco Mine Fault and the northeast by the Union Pass Fault. The target area is approximately 4 kilometres in length and 1 kilometre across.

The Frisco Graben is bounded by structures hosting altered rhyolite dikes, flow domes and associated flows and debris aprons extending into a narrow basin, i.e., a graben filled with volcanic tuffs and sediments. Strong hydrothermal alteration along the extent of the graben, especially at the intersection with the Tyro vein system, argues for concealed potential.

Sampling to date has not revealed anomalous gold in the Frisco Graben, which is expected in vapour-driven alteration. A hyperspectral survey was completed in 2020, an aeromagnetic survey in 2021 and geologic mapping of the graben and beyond provide additional evidence for a deeper epithermal gold system. The magnetic signature along Section 7000E, roughly parallel to the Tyro vein, reveals the shallow floor to the graben at about -300m in the hanging wall of the Frisco Mine fault. The section also reveals magnetite destruction along the Tyro vein to about -500 metres. A strong magnetic 'quiet' zone is positioned immediately beneath the graben and may reflect a felsic stock at depth.