West Point Gold Strategically Expands Footprint in Nevada with Agreement to Acquire the Baxter Spring Project

Core Viewpoint - West Point Gold Corp. has entered into a share purchase agreement to acquire a 100% interest in the Baxter Spring Project, enhancing its strategic footprint in Nevada [1][14][19] Acquisition Details - The acquisition involves the purchase of all issued and outstanding shares of Baxter Gold Corp. for 13,500,000 common shares valued at CAD$0.435 each [14] - The transaction is subject to approval from the TSX Venture Exchange [16] Project Overview - The Baxter Spring Project is located in the Manhattan Mining District, approximately 40 km south of Kinross's Round Mountain Mine and West Point Gold's Jefferson Canyon project [1][6] - The project consists of 137 unpatented federal lode claims covering approximately 2,830 acres (1,145 hectares) [6] Historical Exploration - Historical exploration includes 128 drill holes, with approximately 11,000 meters of reverse circulation drilling and 1,850 meters of core drilling [2][7] - Significant historical drilling results include intersections such as 12.2 meters at 60.3 g/t Au and 24.4 meters at 2.49 g/t Au [4][10] Future Plans - The company plans to focus on low-cost programs at Baxter Spring in Q4 2025, with drilling anticipated in 2026 [2][21] - Activities will include compiling historical exploration data, generating digital models, and designing follow-up drill holes [21] Financial Considerations - The share consideration for Baxter's shareholders will be subject to a statutory hold period of four months plus additional voluntary hold periods [15]