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High-Grade Success Sparks Rally for Arizona Gold Explorer

AllPennyStocks.com - AllPennyStocks.com - Thu Jul 9, 11:14AM CDT

The market is bidding up gold explorers that successfully demonstrate structural continuity and vertical range in expanding vein systems. Intercepting wide, multi-gram gold intervals at depth not only suggests a resilient mineralizing system with multiple overprinting events, but also expands the footprint of an asset when results from both core and reverse-circulation drilling line up ahead of an initial resource model.

West Point Gold Corp. (TSX-Venture: WPG)(OTCQX: WPGCF) moved higher Thursday after releasing assays from two holes at the Northeast Tyro zone on its Gold Chain project in Arizona. Hole GC26-168, a reverse-circulation follow-up drilled about 20 m below GC26-161, returned 56.4 m of 4.24 g/t gold from 242.3 m, including 28.9 m at 7.77 g/t gold, with true width estimated at 28 m.

Hole GC26-161, a core hole across the NE Tyro vein zone about 230 m down-dip from surface, intersected 68.2 m at 2.20 g/t gold from 210.5 m, including 34.3 m at 3.57 g/t gold, with true width estimated at 40 m. The holes extend the zone down-dip where it remains open, building on prior results including GC26-148, which returned 66.2 m at 6.57 g/t gold. President and CEO Derek Macpherson said the widening vein system and textures observed suggest multiple gold mineralizing events over a greater vertical range than typical low-sulphidation epithermal deposits.

Importantly, West Point is reporting results from 628.5 m in this release while 19 holes representing 5,920 m from the completed 21,079 m program remain pending. All Tyro Main and NE Tyro results are expected to feed a maiden resource estimate planned for later in 2026. The company holds four projects along the Walker Lane trend in Nevada and Arizona, with Gold Chain as the near-term priority.

WPG / WPGCF rose 5.4% and 5.3% to $1.56 and US$1.10, respectively.

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