West Point Gold Closes the Acquisition of the Baxter Spring Project in Nevada

Core Viewpoint - West Point Gold Corp. has successfully acquired a 100% interest in the Baxter Spring Project through the acquisition of Baxter Gold Corp. and its US subsidiary, as per the share purchase agreement dated September 15, 2025 [1][3]. Acquisition Details - The acquisition involved the issuance of 13,500,000 common shares valued at $0.435 per share to Baxter's shareholders [3]. - The common shares are subject to a statutory hold period until February 3, 2026, with additional contractual hold periods for 25% of the shares on April 2, 2026, October 2, 2026, April 2, 2027, and October 2, 2027 [4]. 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 in Nye County, Nevada [2]. - Historical work on the project includes 128 drill holes, totaling approximately 11,000 meters of reverse circulation drilling and 1,850 meters of core drilling, along with surface geochemical and geophysical surveys [2]. Historical Drilling Highlights - Significant historical drilling results include: - 24.4 meters at 2.49 g/t Au [6] - 12.2 meters at 60.3 g/t Au, including 3.0 meters at 240 g/t Au [6] - 27.4 meters at 1.46 g/t Au [6] - 7.6 meters at 8.81 g/t Au [6] - 69.0 meters at 0.71 g/t Au [6] Regulatory Approval - The acquisition is still subject to final approval from the TSX Venture Exchange [5]. Company Background - West Point Gold Corp. focuses on gold discovery and development across four projects in the Walker Lane Trend, covering Nevada and Arizona, with an emphasis on developing a maiden resource at its Gold Chain project in Arizona [9].