Vancouver, British Columbia--(Newsfile Corp. - October 6, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") announces strong, ongoing drill results from its fully underway 10,000 metre (m) drill program at the flagship Gold Chain Project in Arizona. The Company reports assay results for drill holes GC25-69 and GC25-68, further confirming the project's growing potential.Highlights:Hole GC25-69 intersected 76.2m of 1.92 g/t Au including 32.0m of 3.17 g/ ...

Core Viewpoint - Cabral Gold Inc. has expanded the gold-in-oxide blanket at the PDM target by 50%, indicating a significantly larger resource base, and has discovered two new zones of primary gold mineralization in the Cuiu Cuiu Gold District [3][15]. Group 1: Drill Results and Resource Expansion - Recent drilling results from 10 RC drill holes and 6 diamond drill holes have confirmed the expansion of the gold-in-oxide mineralized blanket from 0.26 km² to 0.39 km², representing a 50% increase [5][15]. - The number of NW trending primary mineralized zones at PDM has increased from two to four, with these zones remaining open along strike to the north and south [3][5]. - Significant drill results include 6m @ 2.74 g/t gold from 9m depth in hole RC0579, which includes 1m @ 13.06 g/t gold from 10m depth [5][13]. Group 2: Ongoing Drilling and Future Targets - Drilling is currently in progress at the previously untested Mutum target, where surface trenches have shown gold values averaging 0.9 to 1 g/t [3][15]. - Additional drilling is also taking place at the Machichie and Machichie NE targets, with previous results indicating high-grade intercepts [16][21]. Group 3: Financial and Operational Updates - The construction capex for the gold-in-oxide starter operation is estimated at US$37.7 million, with a post-tax IRR of 78% and an NPV of US$73.9 million based on a gold price of US$2,500 per ounce [21]. - The company is focused on securing construction financing while completing detailed engineering for the project and building its construction and operating team [22]. Group 4: Company Overview - Cabral Gold Inc. is a junior resource company focused on the exploration and development of gold properties in Brazil, particularly in the Cuiú Cuiú gold district [23]. - The Cuiú Cuiú project has defined three main gold deposits with NI 43-101 compliant resources totaling 12.29 million tonnes at 1.14 g/t gold in fresh basement material and 13.56 million tonnes at 0.50 g/t gold in oxide material [23].

Core Viewpoint - First Nordic Metals Corp. has announced an upsized private placement to raise gross proceeds of up to C$68 million and is acquiring Mawson Finland Limited, consolidating a significant gold exploration portfolio in Sweden and Finland [1][2][3][4]. Group 1: Private Placement Details - The Concurrent Private Placement has been increased to raise gross proceeds of up to C$68 million by issuing up to 178,947,368 subscription receipts at a price of C$0.38 each [2]. - A brokered private placement is also being conducted, aiming to raise up to C$12 million through the issuance of 31,578,947 subscription receipts at the same price [1][2]. Group 2: Transaction Overview - First Nordic has entered into an arrangement agreement to acquire all outstanding common shares of Mawson Finland Limited, which will result in the formation of NordCo Gold [3]. - The transaction will consolidate a large gold development and exploration portfolio, including First Nordic's Barsele Joint Venture Project and Mawson's Rajapalot Project [4]. Group 3: Share Consolidation and Ownership Structure - Following the transaction, First Nordic's shares will be consolidated on a 4-for-1 basis, reducing the outstanding shares from approximately 318.2 million to about 79.6 million [5]. - Post-transaction, current First Nordic shareholders are expected to own approximately 46%, Mawson shareholders about 23%, and subscribers under the offerings around 31% of NordCo Gold [5]. Group 4: Use of Proceeds - The total gross proceeds of up to C$80 million from the offerings will be allocated for exploration programs, transaction-related costs, and general corporate purposes [7].

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]

Core Viewpoint - Element79 Gold Corp has engaged Rangefront Mining Services to complete a National Instrument 43-101 Technical Report on its 100%-owned Elephant Project in Nevada, aiming to enhance its exploration portfolio in the region [1][2]. Group 1: Project Details - The Elephant Project is located in Nevada's Battle Mountain Trend, known for its significant gold production history and multiple identified gold-bearing structures [3]. - Historical exploration has revealed strong potential for both high-grade and bulk-tonnage gold mineralization at the Elephant Project [3]. Group 2: Technical Report and Future Plans - The NI 43-101 Technical Report is intended to validate the Elephant Project as a "property of merit," which will facilitate a systematic exploration program to unlock its potential [4]. - Rangefront has begun compiling and analyzing three decades of historical exploration data for the Elephant Project, with the report expected to be completed in Q4 2025 [2]. Group 3: Company Strategy and Partnerships - The partnership with Rangefront is viewed as valuable due to their expertise in Nevada geology, which is crucial for advancing the company's exploration strategy [5]. - Element79 Gold's focus is on its Nevada portfolio, particularly the Gold Mountain and Elephant Projects, while also advancing its Lucero Project in Peru for long-term growth [7].

Core Viewpoint - North Peak Resources Ltd. is investigating the economic potential of historic dumps at the Prospect Mountain Mine complex, which may provide a revenue stream to offset future exploration expenses [1][4]. Group 1: Economic Potential - The main dump at the Prospect Mountain Mine is estimated to contain between 210,000-230,000 metric tons of material, with gold recoveries between 75-85% based on historical investigations [2][4]. - The average feed grades from historical reports range from 0.76 g/t Au and 27.5 g/t Ag to 3.19 g/t Au and 34.46 g/t Ag [2]. Group 2: Exploration Plans - An aircore drill program will be initiated to characterize the grade distribution across the dump, expected to start in mid-September [3]. - A composite bulk sample will be sent for metallurgical test work, including column leach testing, to investigate the dumps' potential for toll leach treatment offsite [3]. Group 3: Company Background - North Peak is a Canadian gold exploration and development company, with its flagship property being the Prospect Mountain Mine complex located in the Southern Eureka Gold Belt [10][11]. - The company has a Plan of Operations in place that allows for surface exploration and underground mining of up to 365,000 tons per annum [12].

Core Insights - Novo Resources Corp. has reported significant advancements in its gold exploration and development portfolio across Australia, with a focus on high-grade gold projects and a strong pipeline of upcoming drilling activities [1][2][5] Exploration and Development Activities - The company has completed its maiden RC drill program at the Clone prospect within the Tibooburra Gold Project, yielding high-grade gold intercepts such as 12 m at 5.90 g/t Au and 17 m at 2.40 g/t Au [5][19][23] - At the John Bull Gold Project, four Key Target Areas for drilling have been identified, with soil anomalies extending over 1.5 km and peak results of 1.59 g/t Au from soil sampling [8][9][10] - Exploration at the Sherlock Crossing Au-Sb prospect has defined a coherent 1.5 km antimony soil anomaly, with peak results of 85 ppb Au and 48.3 ppm Sb [37][38] Financial Position - As of June 30, 2025, the company reported a cash balance of A$7 million (C$6 million) and investments valued at approximately A$34 million (C$30 million) [57][58] Future Plans - Novo has planned a ~1,750 m RC drill program at John Bull in H2 2025, contingent on drill rig availability [24] - Follow-up drilling at the Clone prospect is also planned to test the northern extension of the high-grade shoot defined in recent drilling [25] - Further exploration activities are set for the Balla Balla Gold Project and the Southeast Wyloo Au-Sb-Ag-Cu Project, with RC drilling planned for H2 2025 [28][48]

Summary of Conference Call Company Overview - The company is a gold exploration and development firm with assets located in Western Australia (WA) [1] - The project is described as compelling with strong financials [1] Key Financial Metrics - Total resources amount to 1,800,000 ounces, with 1,500,000 ounces added at a discovery cost of less than $20 per ounce [2] - Reserves stand at 1,100,000 ounces [2] - The project has an internal rate of return exceeding 100%, a one-year payback period, and a net present value (NPV) of $1,400,000,000 at a gold price of $4,250 per ounce [2] - Current gold price is over $5,000 per ounce [2] - The company has over $22,000,000 in cash and potential options worth an additional $6,000,000 [4] - Institutional ownership has increased to approximately 23% from a largely retail base over the past year [4] Project Locations and Infrastructure - The three main projects are located near Kalgoorlie: Fayesville, Mandela, and Spargaville [5] - The area is well-supported by infrastructure including potable water, gas pipelines, grid power, and mining camps [5] - The company anticipates a smooth permitting process due to strong community and local government support [6][32] Production and Cost Metrics - The pre-feasibility study (pre-FEES) indicates a production of 95,000 ounces per annum for the first twelve years, with an all-in sustaining cost under $2,100 per ounce [13] - Peak negative cash flow is projected at $227,000,000, with a market cap over $230,000,000 [13] - The total estimated cost for the processing plant and infrastructure is $180,000,000, with an additional $47,000,000 for pre-production mining [14] Resource Growth and Exploration - The company has grown its resources from zero to 1,800,000 ounces, with a history of adding ounces at under $20 per ounce in discovery costs [10][18] - The flagship project, Mandela, has seen significant resource growth, with 1,400,000 ounces added at a discovery cost of $18 per ounce [18] - The company is currently drilling and expects to continue growing resources at a low discovery cost [3] Recent Developments and Future Plans - A transaction with Maximus Resources has expanded the company's tenure and allowed for cost-effective infrastructure design [16] - The company plans to start a 3,000-meter diamond drilling program in September to target high-grade gold [23] - A 10,000-meter infill program is planned for the Stage One deposit in Thea to ensure resource reliability [24] - The company aims to deliver a definitive feasibility study (DFS) by June 30 next year and is on track for first gold production by December [30][33] Market Position and Competitive Landscape - The company operates in a prolific gold region, with significant nearby deposits and a competitive edge due to its location and infrastructure [21][25] - The only other deposits larger than its flagship project are owned by major players, indicating a unique market position for a junior company [25] Conclusion - The company is well-funded and positioned for growth, with a strong focus on de-risking its flagship project, Mandela [31][32] - The aggressive timeline for development and strong financial metrics suggest a promising outlook for future operations and profitability [33]

Core Viewpoint - Altamira Gold Corp. is mobilizing a diamond drill rig to the Cajueiro gold project in Brazil to explore depth and lateral extensions of the Maria Bonita mineral resource and other identified porphyry targets [1][2]. Group 1: Drilling Program - An initial drilling program of 3,000 meters is planned, consisting of eight holes to test extensions of the Maria Bonita gold deposit, which remains open to the west, south, and at depth [6][10]. - The drill program will expand to include several identified porphyry gold targets within the Cajueiro district after initial drilling at Maria Bonita [2][11]. Group 2: Resource Estimates - The Cajueiro Central area has an open pit resource of 5.66 million tonnes at 1.02 g/t gold, totaling 185,000 ounces in the Indicated Resource category, and 12.66 million tonnes at 1.26 g/t gold, totaling 515,000 ounces in the Inferred Resource category [8]. - The Maria Bonita deposit has Indicated Resources of 24.19 million tonnes at 0.46 g/t gold (357,800 ounces) and Inferred Resources of 25.64 million tonnes at 0.44 g/t gold (362,400 ounces) [9][16]. Group 3: Project Location and Infrastructure - The Cajueiro district is located approximately 75 km northwest of Alta Floresta in Mato Grosso, Brazil, and is easily accessible by road, with existing infrastructure such as grid power and local water supply [3][5]. - A simple development camp is being constructed at Maria Bonita to support the drilling program and expedite logistics [12][17].

Core Viewpoint - Probe Gold Inc. has reported significant results from its 50,000-metre winter infill drill program at the Novador property, which is expected to support the upcoming 2025 pre-feasibility study, confirming continuity and expansion potential of gold resources [2][3][5]. Group 1: Drill Program Results - The infill drill program consisted of 51 drill holes totaling 8,405 metres, yielding notable gold intercepts from near-surface to approximately 200 metres vertical depth in the Bussiere and Creek deposit areas [2][3]. - Significant grades were reported, including 6.2 g/t Au over 4.9 metres and 26.8 g/t Au over 1.0 metre, with additional intersections of 3.1 g/t Au over 17.0 metres [5][6]. Group 2: Project Development and Future Plans - The results from the drilling program are crucial for resource conversion and will form a foundation for the pre-feasibility study, marking an important milestone in advancing the Novador project towards development [3][5]. - The company is making progress in permitting, resource expansion, and optimizing the mine plan, with a strong treasury supporting its commitment to establishing Novador as a top-tier gold development project [3][14]. Group 3: Geological Context - Mineralization along the Courvan trend is characterized by shallow-dipping East-West gold-bearing veins associated with shear zones intersecting the Bourlamaque granodiorite batholith, indicating a favorable geological setting for gold extraction [9][13]. - The Bussiere deposit remains open laterally and at depth, suggesting further exploration potential [9].