West Point Gold develops second target at Gold Chain Project, Arizona

West Point Gold Corp. [TSXV: WPG; OTCQX: WPGCF; FSE: LRA0] reported the drilling of additional shallow gold mineralization at the Black Dyke prospect located 4 km west of the Tyro Main Zone at its Gold Chain Project in Arizona.

The results are highlighted by GC26-144, which intersected 7.6 metres at 2.22 g/t gold, and GC26-146, which intersected 16.8 metres of 0.90 g/t gold, both within less than 75 metres from surface. All holes intersected mineralization. Mineralization in the area suggests the potential to add future resource ounces to the project and warrants additional test work and drilling.

The initial program consisted of six RC holes for a total of 626.4 metres, with follow-up drilling consisting of five holes totalling 603.4 metres. These holes were part of the recently completed 21,079-metre 2025-2026 drilling campaign at its flagship Gold Chain Project.

The company recently acquired a significant amount of historical data for the Black Dyke target, which includes high-grade drill results completed by prior operators. West Point Gold’s drilling to date, along with the recently acquired historic data, is expected to improve targeting at the Black Dyke target when drilling resumes.

Highlights: Hole GC26-144 intersected 7.6 metres at 2.22 g/t Au from 62.5 metres. GC26-146 intersected 16.8 metres of 0.90 g/t Au from 71.6 metres and GC26-143 intersected 6.1 metres at 1.49 g/t Au from 54.9 metres. All widths shown are downhole; true widths are greater.

All holes intersected anomalous Au mineralization. The historical drilling data acquired focused on the Black Dyke gold zone with results consistent with those reported by West Point Gold to date. Notable exceptions include two very high-grade intercepts (greater than 30 g/t Au) approximately 200 metres southwest of where the company has drilled (Western States, 1988).

“Our drill results from 2026, combined with the recently acquired historical drill data, provide West Point Gold with a clearer view of the potential at Black Dyke. Our drilling, along with the recently acquired historical data, suggests that this target warrants further drilling. The company continues to believe that additional drilling at the target area may result in a satellite resource at the Gold Chain project,” stated Derek Macpherson, President and CEO.

The Black Dyke Mine is located 4.8km east of the Katherine Mine and 4.0km west of the Tyro Mine. The mine’s history and geologic setting were previously summarized. Recent drilling reflects a shallow, southwest-dipping structure referred to as the Black Dyke, which is hosted by the Precambrian granite. The mineralized zone has been described as a “vein breccia, up to 30 metres wide, composed of broken chalcedony vein and breccia cemented by a massive to banded, coarsely crystalline gray calcite with elevated manganese”.

It is noteworthy that the Katherine Mine was productive in similar quartz-calcite-adularia veins, veinlets and breccia to a depth up to 300 metres below the current surface. This depth, along with the steam-generated alteration in the volcanic rocks above the Black Dyke zone, supports West Point Gold’s belief that current exploration at Black Dyke is within the uppermost levels of a deeper gold system.

West Point Gold has recently purchased a data package including results from several historical drilling campaigns across the Black Dyke prospect. The data contains 74 holes drilled by Western States Mining Company from 1986 to 1992, including geochemical data, collar locations and geological cross-sections.

The data also includes reference to 57 holes drilled by American Copper and Nickel company (ACNC) but only includes collar locations. All holes drilled by Western States and ACNC were reverse-circulation holes. A total of 32 of the ACNC holes were drilled to aid geologic mapping by measuring alluvial cover and noting bedrock geology; the holes did not exceed 30.5 metres in depth. The purchased data is proving useful to West Point Gold for targeting purposes but is considered NI43-101 non-compliant.

A few observations emerge from this data: Gold values in this data are variable but consistent in value and structural position with the West Point Gold data.

High-grade intercepts (>30 g/t Au) in the historical data require confirmation and will anchor the design of the next drilling campaign. All the data, new and historical, collectively support a deeper and potentially higher-grade target.

Current exploration at the Northeast Tyro zone is revealing that a strong vein and breccia body can grade into weakly mineralized and altered Precambrian granite over a short distance (i.e. <10m) and be essentially ‘blind’ to surface exploration. Upper levels at Tyro Northeast reveal weak argillic (illite) and moderate to strong propylitic alteration. In surface exposures, iron oxide replacement of the chlorite may be the only visual guide to mineralization.

The Black Dyke prospect sits along the western flank of the Katherine Horst, and structures here are likely part of the Roadside Mine fault zone, along the Banner-Sheep Trail trend. The surface expression may be subtle, hosting only tectonized Precambrian granite and propylitic alteration (iron oxides at surface). The widespread distribution of thick alluvium accumulations with local hills composed on altered volcanic rocks (inselbergs) makes definition of the Roadside Mine fault difficult.

Geophysical studies conducted by West Point Gold are employed to potentially identify controlling structures such as the Roadside Mine fault. As noted above, exploration results at Black Dyke suggest a distal position in the epithermal system. This observation, along with two historical drill intercepts (>30 g/t Au) beneath strongly altered volcanic rocks, supports a potential concealed ‘feeder’ structure as part of the Roadside Mine fault system. Inspection of both the gravity and magnetic data suggests a northwest-trending structure, perhaps a splay of the Roadside Mine fault (normal), to be connected to the Black Dyke gold mineralization.

West Point Gold is an exploration and development company focused on unlocking value across four strategically located projects along the prolific Walker Lane Trend in Nevada and Arizona. The company’s near-term priority is advancing its flagship Gold Chain Project in Arizona.