West Point Gold (WPG.V) continues to release assay results from its drill program that will lead to its maiden resource estimate (expected later this year), and the recently announced 66.2 meters containing 6.57 g/t gold from 219 meters (one of the broadest and highest-grade intervals so far) will be helpful. This thick and high-grade interval was encountered in a step-out hole which extended the North East Tyro Zone to more than 250 meters below surface, where the mineralization remains open at depth and along strike.
This could be just the start at NE Tyro, as the assay results of an additional seven holes at that depth are still pending. It is now anticipated the NE Tyro zone will remain open at depth when the maiden resource calculation at Gold Chain will be published. A total of 21 holes still have their assay results pending, so there is plenty more data to be gathered before the resource. As a reminder, the company has an official exploration target of 19.5-31.2M tonnes at 2-3 g/t gold (for a range of 1.25-3 million ounces of gold contained).
Disclosure: The author has a long position in West Point Gold. West Point is a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
