- West Point Gold (WPGCF, Financial) eliminates a 1% NSR royalty and future payment obligation at the Tip Top Project in Nevada for $25,000.
- The Tip Top Project in Esmeralda County, Nevada, historically produced 6,900 ounces of gold.
- Recent sampling reveals significant gold and mercury anomalies, indicating strong exploration potential.
West Point Gold (WPGCF) has strategically removed a 1% Net Smelter Return (NSR) royalty and a $200,000 future payment obligation on its Tip Top Project in Nevada by paying $25,000 to the vendor. This transaction increases the project's value and attractiveness to potential buyers, aligning with the company's focus on the Gold Chain Project in Arizona.
The Tip Top Project is located in Esmeralda County, approximately 60 kilometers south-southeast of past-producing mines like the Borealis Mine, which produced around 500,000 ounces of gold, and the Aurora Mine, which yielded approximately 1.9 million ounces. The project is characterized by low-sulfidation oxide gold-silver epithermal veins and has produced 6,900 ounces of gold historically.
Historical drill results at the Tip Top Project have shown significant high-grade gold intercepts, such as 2.44 meters at 19.82 grams per ton (g/t) Au and 9.14 meters at 14.42 g/t Au. Recent sampling conducted by the company across known veins returned results of 6.7 meters at 11.8 g/t Au and 4.37 meters at 10.3 g/t Au, further supported by soil sampling that revealed extensive gold and mercury anomalies over multiple kilometers.
West Point Gold continues to explore and develop its assets within the prolific Walker Lane Trend, while actively seeking opportunities to enhance shareholder value through strategic transactions.
