Category: Gold

Source: Brian Hicks 04/29/2025

Brian Hicks of Wealth Daily takes a look at Paulson’s $1 billion Dolin Gold acquisition, which he believes is poised to revolutionize resource investment through NatGold’s innovative tokenization of its 39 million underground gold ounces.

Seeking confirmation that gold has entered a prolonged upward market trend? Look no further than the recent headline-making revelation about Alaska’s Donlin Gold venture.

I mentioned the Donlin Gold venture several weeks back, highlighting how Donlin would transform into a key component of America’s natural resource treasury that Trump intends to establish.

Trump declared it. Savvy investors are acting ahead of the curve.

Here’s the situation. . .

The Wealthy Go Gold Hunting

In a remarkable development highlighting the strategic importance of the Donlin Gold venture, Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) disclosed yesterday its decision to divest its complete 50% interest in the enormous Alaskan reserve for a potential $1.1 billion.

Who’s purchasing?

None other than wealthy financier John Paulson alongside NovaGold Resources Inc. (NG:TSX; NG:NYSE.MKT) — a maneuver that not only transforms the ownership structure of the Donlin venture but also sends powerful ripples throughout the entire gold investment sphere.

According to the agreement, Paulson will secure 80% of Barrick’s share, while NovaGold will claim the remaining 20%, elevating its total venture ownership to 60%. The transaction, encompassing $1 billion in immediate capital plus an option to acquire debt owed to Barrick, should finalize by Q3 2025.

Why John Paulson’s Participation Transforms Everything

Paulson’s entrance into Donlin represents more than mere confidence — it’s a strategic coup by one of contemporary investing’s most accomplished figures.

Renowned for earning $4 billion wagering against American housing markets during the 2008 financial downturn, Paulson subsequently shifted focus toward gold and natural assets, recognizing their fundamental value as safeguards against inflation, currency devaluation, and systemic instability.

In 2009, Paulson introduced the Paulson Gold Fund, which at its zenith managed billions in gold-related holdings.

He ranked among the earliest and most outspoken supporters of gold as a “currency of last resort,” a concept resonating in today’s uncertain global landscape.

Previously, Paulson invested substantially in AngloGold Ashanti Ltd. (AU:NYSE; ANG:JSE; AGG:ASX; AGD:LSE), NovaGold, and additional mid-tier mining enterprises, establishing himself as a long-term optimist regarding physical gold and gold equities.

Now, by obtaining a 40% stake in Donlin — arguably among the final world-class undeveloped gold deposits in a secure jurisdiction—Paulson reaffirms his conviction in gold’s next major growth cycle. This action lends substantial credibility to the Donlin venture and may accelerate both financial investment and regulatory momentum.

Yet there’s additional significance. If timing proves crucial, Paulson’s decision to invest in the Donlin Gold venture suggests he anticipates gold climbing higher . . . substantially higher!

As an established long-term gold investor, his current purchase signals his belief that the bull market for the precious metal has merely begun.

What This Implies for Donlin

Donlin Gold has consistently been described as a “sleeping giant” within gold circles — containing 39 million gold ounces (measured and indicated) in one of Earth’s most politically stable regions. Nevertheless, its advancement has stalled due to steep capital expenditures, environmental considerations, and shifting corporate priorities.

With Barrick departing and John Paulson arriving, the Donlin narrative could dramatically evolve:

• New funding might flow into feasibility assessments, infrastructure, and community engagement.
• Investor perception surrounding the venture could grow more optimistic, particularly as gold approaches historic peaks.
• Tokenization possibilities might resurface if the venture remains dormant—creating an alternative path to value.

The tokenization aspect appears particularly intriguing.

Paulson has consistently embraced technology and innovation regarding finances and investments.

Tokenizing unmined gold would ideally suit both him and Donlin.

NatGold: Accessing Trillions Without Excavation

Introducing NatGold Digital Ltd.—a forward-thinking framework for a novel gold-backed digital asset.

Rather than extracting physical gold from underground, NatGold proposes something daring yet elegantly straightforward: Tokenize underground, certified gold reserves and provide investors digital ownership of authentic, untouched wealth.

Each token represents a portion of a certified gold ounce, confirmed through independent geological assessments, and recorded on a transparent blockchain registry.

It functions as a contemporary vault — digital, verifiable, and resistant to inflation— supported not by extracted gold but by America’s undiscovered treasure repository.

Donlin represents the perfect inaugural project. With 39 million verified ounces simply waiting, why not tokenize 5 million — or the entire amount — and place it into a new national repository?

That repository carries a designation — and a mission.

Trump’s Sovereign Wealth Fund: Converting Gold Into National Influence

In early 2025, former President Donald Trump issued a groundbreaking executive directive aimed at reestablishing American control over critical mineral supply networks. Yet behind this lay a grander vision — one still not fully comprehended by markets or media . . .

The formation of an American sovereign wealth fund — backed neither by Treasury bonds nor foreign capital but by America’s indigenous natural resources.

Envision a digital, tokenized repository containing:

• Certified gold from Donlin and Pebble Creek
• Rare earth elements from Texas and Wyoming
• Copper, lithium, and antimony spanning Montana to Nevada

All tokenized. All transparent. All supported by geological evidence.

This fund would transcend mere financial assets — becoming a strategic instrument in an era of inflation, de-dollarization, and geopolitical realignment.

NatGold’s infrastructure could deliver the technology. Ventures like Donlin could supply the assets. And America, for once, would leverage existing possessions — instead of soliciting global assistance for its requirements.

Eco-Patriotism: A Contemporary Manifest Destiny

Let’s be forthright: This doesn’t involve environmental exploitation. It’s not about excavation pits and chemical processing.

It concerns eco-patriotism — the conviction that we can preserve our wild and magnificent territories while simultaneously securing economic futures. That we can honor tribal collaborations, protect watersheds, and maintain intact forests while unlocking value through another American resource powerhouse: technological innovation.

Through tokenization, America can finally acknowledge its mineral wealth’s economic significance without necessitating immediate extraction. That’s beyond clever — it’s revolutionary.

This isn’t resource exploitation. It’s resource recognition.

And with Paulson investing, this represents more than ownership transition — it’s a strategic pivot potentially unlocking one of the gold sector’s most undervalued assets.

Stay vigilant. Donlin’s narrative has entered its subsequent chapter — with the world’s most celebrated gold enthusiast drafting the screenplay.

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Important Disclosures:

1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Barrick Gold Corp. and NatGold Digital Ltd.
2. Brian Hicks: I, or members of my immediate household or family, own securities of: NatGold Digital Ltd. I determined which companies would be included in this article based on my research and understanding of the sector.
3. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

( Companies Mentioned: ABX:TSX; GOLD:NYSE,

)

Burkina Faso to nationalise more industrial mines, PM says  Reuters

1. Gold falls as trade tensions soften, US data on tap  Reuters
2. Gold price falls big, experts predict near future gold rate  The Economic Times
3. Gold Prices Rise as America’s Reputation Sinks | Opinion  Newsweek

Source: Streetwise Reports 04/28/2025

StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) releases initial results from its spring drilling campaign at its flagship Hercules gold project in Nevada’s prolific Walker Lane. One expert says the stock has a big upside with very little downside.

StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) released initial results from its spring drilling campaign at its flagship Hercules gold project in Nevada’s prolific Walker Lane, including one hole that returned 32.04 meters of 0.54 grams per tonne gold (g/t Au) and 4.62 g/t silver (Ag) starting at surface.

The company said it has completed seven holes totaling about 1,400 meters of reverse circulation drilling. It released the first four holes on Monday. The final three holes remained at the lab and are expected shortly.

“Results received so far show broad zones of near surface gold mineralization on the Hercules Gold Project,” President and Chief Executive Officer Michael G. Allen said. “This is in line with our recently announced exploration target for the property. The near surface nature of the mineralization leads the company to anticipate that Hercules could potentially be an open pit-heap leach type operation.”

Hole H25004 referenced above also returned 4.57 meters of 1.14 g/t Au and 10.53 g/t Ag, 6.1 meters of 1.5 g/t Au and 11.75 g/t Ag, and 18.29 meters of 0.3 g/t Au and 3.12 g/t Ag.

Further results released Monday include:

• Hole H25001: 4.57 meters of 022 g/t Au and 7.37 g/t Ag, with 28.93 meters of 0.45 g/t Au and 6.05 g/t Ag, 6.09 meters of 1.04 g/t Au and 14.27 g/t Ag, 18.27 meters of 0.61 g/t Au and 4.66 g/t Ag, and 6.09 meters of 1.33 g/t Au and 10.38 g/t Ag.
• Hole H25002: 18.29 meters of 0.3 g/t Au and 1.68 g/t Ag and 25.91 meters of 0.55 g/t Au and 2.73 g/t Ag.
• Hole 25003: 3.05 meters of 0.23 g/t Au and 1.6 g/t Ag, 6.1 meters of 0.43 g/t Au and 2.28 g/t Ag, 30.48 meters of 0.37 g/t Au and 3.57 g/t Ag, 3.05 meters of 0.97 g/t Au and 4.5 g/t Ag, and 13.72 meters of 0.25 g/t Au and 2.37 g/t Ag.

All of the holes were drilled into the Hercules target, the company said, and near-surface gold and silver were found in all holes.

“Comparing cyanide soluble gold assays to fire assays showed that cyanide solubility ranged between 89% and 32% on a per hole basis,” StrikePoint’s release said. “As expected, shallower gold intercepts showed higher cyanide solubility than deeper intercepts. With drilling and subsequent test work showing abundant near-surface cyanide soluble gold, the company is optimistic of the potential of an open pit heap leach operation at the Hercules Gold Project.”

New Technical Report Released

Earlier this month, StrikePoint announced it had filed its first National Instrument 43-101 technical report for Hercules.

The report included a “drill-defined, bulk-tonnage exploration target prepared in accordance” with the 43-101 guidelines for Hercules that ranges between 819,000 ounces and 1.018 million ounces (Moz) gold (Au) within 40.3 million to 65.6 million tonnes of mineralized material at an estimated grade between 0.48 and 0.63 grams per tonne (g/t) Au, the company said.

The company announced the start of the infill and expansion drilling program, which is meant to build on the exploration target, in March. That was when Jeff Clark of The Gold Advisor noted that he was looking forward to StrikePoint’s exploration plans. StrikePoint noted in its Monday release that it expects results from the final three holes of the drilling program shortly, which could be an important catalyst for the stock.

The uptrend in gold prices is improving the outlook of the stock greatly, Technical Analyst Clive Maund noted on April 21.

“Based on the prospectivity of Hercules, especially given this new exploration target report, I expect this project to receive the lion’s share of StrikePoint’s attention in 2025,” he wrote on March 6.

The uptrend in gold prices is improving the outlook of the stock greatly, Technical Analyst Clive Maund noted on April 21.*

“Downside for the stock is very limited, whilst upside is relatively unlimited after its long bear market from its early 2021 highs, when it was almost 20 times the current price, Maund wrote. “The continued decline in the stock price last year was due in part to a succession of financings.”

Maund continued, “We should keep in mind that as the price of gold continues to ascend, StrikePoint, with its increasingly valuable properties, will become more and more attractive to larger mining companies looking to increase their reserves.”

Maund rated the stock an Immediate Strong Buy for all time horizons with the first target for an advance toward CA$0.40 per share. The second target is in the CA$0.90 area and the third target is CA$1.20, he wrote.

The Catalyst: Gold Hitting ‘Record After Record’

According to Aly J. Yale writing for CBS Money Watch on Monday, “It seems like the price of gold just keeps hitting record after record.”

In March, gold prices surpassed the US$3,000-per-ounce mark for the first time ever. Now, they’re sitting around US$3,300 per ounce and climbing.

“The reasons are many, but economic uncertainty, geopolitical instability, and unpredictable market performance are all part of it, driving consumers to safe-haven assets that protect their wealth,” Yale wrote. “And gold? It’s the No. 1 safe haven in many investors’ eyes.”

“While there is likely a ceiling for gold prices at some point in the future, many experts are predicting further growth in the near term. But just how high could they climb? Could gold prices reach the $4,000 price point?” Yale asked.

According to experts Yale asked, they did not see gold’s prices dropping any time soon.

“Investors are reacting to the flood of contradictory signals coming out of the White House on tariffs, debt, and global trade,” says Ben Nadelstein, head of content at Monetary Metals, according to the article. “That uncertainty is shaking confidence in stocks and bonds and sending capital into gold since it’s an asset that doesn’t rely on political stability.”[OWNERSHIP_CHART-209]

He said, “there’s a growing appetite for stable, yield-generating, non-sovereign assets.”

“Confidence is increasing that we will see gold break another record in the near future,” Brett Elliott, director of content at precious metals marketplace APMEX, told Yale.

And according to an April 10 post on Goldfix, Goldman Sachs has revised raised the upper boundary of its forecast range for gold for the end of the year to US$3,520 an ounce and even introduced a “tall-risk scenario” as high as US$4,500 an ounce.

“The revision stems primarily from upside surprises in ETF inflows and persistent, large-scale central bank gold purchases,” the article noted.

Ownership and Share Structure

According to Refinitiv, Executive Chairman Shawn Khunkhun owns 0.28% of the company, President and CEO Allen owns 1%, Director Ian Richard Harris owns 0.07%, and Director Adrian Wallace Fleming owns 0.02%.

Refinitiv reported that institutional and strategic investors own approximately 13.47% of the company, including 2176423 Ontario Ltd. with 7.17%, and Pathfinder Asset Management Ltd. with 4.81%.

According to Refinitiv, the company has 41.59 million shares outstanding and a market cap of CA$6.24 million. It trades in a 52-week range of CA$0.12 and CA$0.85.

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Important Disclosures:

1. StrikePoint Gold Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of StrikePoint Gold Inc.
3. Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer.
5. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

* Disclosure for the quote from the Clive Maund article published on April 21, 2025:

1. For the quoted article (published on April 21, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$1,500.
2. Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing the article quoted. Maund received his UK Technical Analysts’ Diploma in 1989. The recommendations and opinions expressed in the article accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed

Clivemaund.com Disclosures

The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

( Companies Mentioned: SKP:TSX.V; STKXF:OTCQB,
)

Source: Streetwise Reports 04/28/2025

Silver Crown Royalties Inc. (SCRI:CBOE; SLCRF:OTCQX; QS0:FSE) closes financing to expand its Peru holdings, projects over 78,000 ounces annually, and sees major upside amid sector momentum. Read more about the company’s growth strategy and silver sector trends driving new opportunities.

Silver Crown Royalties Inc. (SCRI:CBOE; SLCRF:OTCQX; QS0:FSE) has closed the third and final tranche of its previously announced non-brokered private placement, issuing 89,400 units at a price of CA$6.50 per unit for gross proceeds of approximately CA$581,100. Each unit consists of one common share and one common share purchase warrant, with each warrant exercisable at CA$13.00 for a period of three years.

In total, the company issued 232,248 units across the offering, raising cumulative gross proceeds of approximately CA$1,509,615. Proceeds from the final tranche will be used to partially fund the second tranche of the company’s silver royalty acquisition on the Igor 4 project in Peru and for general and administrative expenses. All securities issued under the offering are subject to a statutory hold period of four months plus one day, in accordance with applicable securities regulations. The closing was subject to customary conditions, including approval by Cboe Canada Inc.

Silver Crown also confirmed within the news release that it expects to receive cash payments equivalent to approximately 6,703 ounces of silver for the first quarter of 2025. This anticipated revenue is driven by the early payment from the PPX/Igor 4 royalty as well as payments under the Elk Gold Royalty. In a company news release, Silver Crown highlighted that these proceeds represent an important early return on its growing portfolio of silver-focused royalty assets.

Silver Sector Positioned Amid Rising Market Pressures

According to a Kitco News report published April 23, Florian Grummes of Midas Touch Consulting stated that silver showed “signs of life on its own” for the first time in some time, marking a potentially significant moment for the precious metals sector. Grummes emphasized that silver was “extremely undervalued” and projected prices could reach between $40 and $50 by early summer. He also noted the gold-to-silver ratio was out of alignment with natural and production ratios, calling the current market level “basically a joke.”

In a separate article from FX Empire on April 23, Christopher Lewis explained that silver markets continued to test the important US$33 resistance level, with the commodity showing resilience despite broader pressures in gold. Lewis observed that silver’s dual role as both a precious and industrial metal contributed to its current momentum. He noted that the US$33 mark had been “a major resistance barrier” and pointed to significant attention from market participants around this level.

Technical Analyst Clive Maund, writing on April 26, described the silver market as a “pressure cooker” due to a significant buildup in short positions over the past six months. He explained that the ongoing gap between physical and paper prices of silver could not persist indefinitely. Maund suggested that the growing imbalance might result in a “spectacular vertical spike” if short covering accelerates, likening the situation to a pressure cooker lid eventually blowing off under continued strain. He also noted that retail participation remained low, an indicator often associated with the early stages of a major sector move.

Building Momentum Through Strategic Growth

According to Silver Crown’s second-quarter 2025 investor presentation, the company has structured its royalty model to emphasize investor protections and staged capital deployment. Its portfolio currently includes royalties on three producing or near-producing assets: 1) Gold Mountain’s Elk Gold Mine, 2) Pilar Gold’s PGDM Complex, and 3) BacTech’s bioleaching facility. Silver Crown’s model features minimum delivery obligations on silver ounces, which are intended to secure a baseline cash flow independent of variable production factors.

The company reported a material increase in expected silver deliveries, projecting over 78,000 ounces annually by 2026. Management also noted that Silver Crown achieved more than 300% revenue growth over the past year, distinguishing it among nano-cap mining royalty companies. The company’s approach, which includes the creation of silver-only royalties with minimum silver payments and registered title rights, seeks to capture value from byproduct silver production while minimizing upfront costs.

Silver Crown’s management team, led by Founder, Chairman, and CEO Peter Bures, emphasizes strategic investments across diversified assets with a goal of maintaining an internal rate of return (IRR) greater than 15% on individual projects. With additional royalty agreements under discussion and ongoing cash flow from existing deals, Silver Crown outlined a path toward further scaling its portfolio while maintaining a disciplined investment approach.

Analyst Highlights Value Opportunity in Silver Crown’s Pure Silver Focus

Couloir Capital analyst Tim Wright maintained a Buy rating on Silver Crown Royalties Inc. in a research note dated January 21. He described the company as “the only pure silver royalty play on the market” and set a price target of CA$32.34. Wright observed that Silver Crown’s Enterprise Value-to-Equity Ratio stood at 1.0, compared to a peer group average of 5.7, indicating what he called significant relative value. [OWNERSHIP_CHART-10873]

The report outlined several developments that supported the company’s long-term growth prospects, including its July 2024 public listing and a 286% increase in revenue from the third quarter of 2023 to the fourth quarter of 2024. Wright also pointed to the acquisition of the BacTech royalty, which secured minimum annual deliveries of 35,000 ounces of silver over a ten-year period. He noted that Silver Crown’s agreement with PPX Mining could generate over US$1 million in revenue in 2025, based on expected deliveries of 36,063 ounces of silver.

At the time of the report, Wright valued Silver Crown’s shares at CA$6.70, suggesting a potential return of more than 470% to his target. Although the note was published before Silver Crown’s April physical silver acquisition, it provided additional context for investor interest and reinforced the company’s positioning as a silver-focused royalty platform amid tightening market supply and growing industrial demand.

Ownership and Share Structure

Insiders and management hold a total of 21% of the company, institutions own 16%, and private corporations have 6%, noted Wright with Couloir.

“Insider ownership by management aligns management’s interests with those of shareholders, which is a desirable attribute,” he added.

As for share structure, Silver Crown has 2.49M outstanding shares and 2.1M free float traded shares. Its market cap is US$10.6 million. Its 52-week trading range is CA$6.50–9.85 per share. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Important Disclosures:

1. Silver Crown Royalties Inc. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver Crown Royalties.
3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

( Companies Mentioned: SCRI:CBOE; SLCRF:OTCQX; QS0:FSE,
)

Source: Streetwise Reports 04/28/2025

West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) reported high-grade drilling results at Arizona’s Tyro Main Zone, including 30.48 meters of 9.05 g/t gold, advancing work toward a maiden resource. Read more about how recent drilling success is shaping the future resource potential at the Tyro Main Zone.

West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) reported additional drilling results from its ongoing reverse circulation program at the Tyro Main Zone, part of the Gold Chain Project in Arizona. The company announced three significant intercepts, including 30.48 meters of 9.05 grams per tonne (g/t) gold in hole GC25-49, 33.52 meters of 5.46 g/t gold in hole GC25-47, and 28.96 meters of 6.02 g/t gold in hole GC25-48. These results build on previous drilling success, including 42.8 meters of 2.5 g/t gold announced in January 2025.

This article marks the first update on West Point Gold since April 16, 2025, when the company released results for holes GC25-42 through GC25-46. Since then, drilling has continued to define a higher-grade zone in the northeastern portion of the Tyro Main Zone. The newly reported intercepts suggest that this zone has a drilled strike extent of approximately 100 meters and appears to plunge northeast toward the Frisco Graben, a major structural feature associated with gold mineralization.

Chief Executive Officer Quentin Mai stated in the news release, “These three high-grade intercepts are expected to have a significant impact on building a maiden resource at Tyro, which is on patented ground in the southwestern US.” Assays for an additional seven completed holes, totaling approximately 1,533 meters, are pending.

The reported drill widths represent downhole measurements, with true widths estimated at approximately 60 percent of the reported lengths. The drilling is part of a broader campaign designed to support a maiden mineral resource estimate and to advance exploration into the adjacent Frisco Graben.

This update follows West Point Gold’s April 7, 2025 release of assay results from three reverse circulation drill holes at the Tyro Main Zone. At that time, the company reported intersections including 41.15 meters at 0.83 grams per tonne (g/t) gold in hole GC25-37 and 10.67 meters at 1.86 g/t gold in hole GC25-41. CEO Quentin Mai stated in a company news release that “the 2025 drill program continues to demonstrate the potential of Tyro is at least in line, if not better, than the previously announced exploration target at grades that remain significantly above the nearest operating open-pit mine.” The Tyro Main Zone was noted to remain open at depth and along strike, and drilling had surpassed 3,000 meters toward the 5,000-meter target.

Additionally, technical analysis of the company’s stock chart shows a flag pattern formation. While this observation is noted, no analysis or projections regarding the pattern are provided.

Gold Market Dynamics Amid Record Highs and Structural Change

The gold sector continued to experience significant volatility in April as prices briefly surged to record levels. According to an April 22 report from Reuters, spot gold touched a new high of US$3,500.05 per ounce before retreating by 1.5 percent to US$3,372.68 later in the session. Reuters attributed the pullback to comments from U.S. Treasury Secretary Scott Bessent, who suggested that U.S.-China trade tensions could ease. Bob Haberkorn, senior market strategist at RJO Futures, stated that “comments (of the U.S. Treasury Secretary) this afternoon that hinted towards a possible thaw in the trade war with China, was really when (gold) started to sell off.” Concurrently, a rally in U.S. equities and a stronger U.S. dollar contributed to downward pressure on gold prices, as noted by Jim Wyckoff, senior analyst at Kitco Metals, who said, “Rallies in the stock market and the U.S. dollar index today are negative for the gold market.”

Despite the short-term price retreat, broader institutional sentiment remained bullish. On April 22, JPMorgan issued a note projecting that gold would average US$3,675 per ounce by the fourth quarter and reach US$4,000 by the second quarter of 2026. As reported by GoldFix on April 23, JPMorgan identified sustained central bank and investor demand as a key driver, forecasting that “the gold market is expected to absorb 710 tonnes per quarter on net from these entities throughout 2025.” The bank emphasized that gold was being repriced not due to inflation alone, but because of “systemic uncertainty, capital mobility constraints, and an increasingly fragmented global financial system.”

Further commentary came from Stewart Thomson in a contributed opinion on April 23. He noted that the pullback in gold prices was technically expected and aligned with major support levels, citing retracement zones at US$3,250, US$3,150, and US$2,950 per ounce as key areas for potential buying interest. Thomson described the current period as part of a larger wave formation and suggested that gold’s consolidation was consistent with longer-term bullish technical structures.

Additional sector commentary from FXStreet on April 28 noted that gold prices remained under pressure, trading just above the US$3,265 to US$3,260 support zone. According to the report, “optimism over the potential de-escalation of trade tensions between the world’s two largest economies turns out to be a key factor undermining the safe-haven precious metal.” The article also pointed to a 5.96 percent year-on-year decline in China’s gold consumption in the first quarter of 2025 as a contributing factor to the recent softness in demand. However, the report added that “geopolitical risk premium remains in play amid the protracted Russia-Ukraine war,” which continued to provide underlying support for gold. Market participants were described as cautious ahead of key U.S. economic data releases, which could further clarify the Federal Reserve’s monetary policy outlook for the remainder of the year.

Unlocking Value at Gold Chain and Beyond

West Point Gold’s current exploration efforts align with its broader corporate strategy outlined in its April 2025 investor presentation. The company continues to focus on unlocking value at its Gold Chain Project, where drilling, surface sampling, and geophysics have outlined multiple multi-kilometer gold targets across both patented and Bureau of Land Management (BLM) lands.

The Tyro Main Zone, where the latest high-grade drill results were reported, is part of a larger trend that extends over 10 kilometers. Early results at Tyro are designed to support a maiden resource estimate, with additional exploration targeting potential extensions into the Frisco Graben. Initial metallurgical testing at Tyro is also expected to take place in the second quarter of 2025.

West Point Gold’s portfolio includes multiple historic gold mining areas and patented claims with water rights, giving the company a strategic position in Arizona’s active Oatman District. The company’s partnership with Kinross Gold at the Jefferson Canyon Project in Nevada further strengthens its long-term growth potential. Under the terms of the agreement, Kinross is responsible for US$600,000 in exploration expenditures and has an option to acquire up to a 70 percent interest.

With cash reserves of CA$6.11 million as of November 2024 and no debt, West Point Gold is positioned to continue advancing its drilling campaigns. Exploration at both Gold Chain and Jefferson Canyon is ongoing, with upcoming milestones expected to include further drilling results, metallurgical data, and progress toward resource delineation.

Analyst Sees Strong Breakout Potential for West Point Gold

According to Technical Analyst Clive Maund in a February 18 article, West Point Gold Corp. was described as “entirely positive” early in January. Maund noted that the company’s stock “broke out of the rectangular trading range” that had been previously identified and “forged ahead on persistent strong upside volume.” He emphasized that while the stock was “substantially overbought on a short-term basis” and could enter a consolidation phase, the “price / volume action is very bullish indeed” and suggested that “this still young bull market” was likely to continue. [OWNERSHIP_CHART-11225]

Maund further stated that the long-term chart indicated West Point Gold was “building up to breaking out of a large base pattern” formed since spring 2022, adding that once the breakout occurred, “the rate of advance” could accelerate. He outlined specific price targets for the company, identifying an initial target of CA$0.50, which he confirmed was achieved, followed by a second target of CA$0.76, and a third target in the range of CA$1.28 to CA$1.35.

Ownership and Share Structure

According to Refinitiv, about 8% of West Point Gold is owned by insiders and management, and about 1% by institutions. The rest is retail.

Top shareholders include Executive Chairman Derek Macpherson with 3.01%, Gary Thompson with 2.39%, Chief Financial Officer John McNeice with 0.49%, U.S. Global Investors Inc. with 1.29%, and Director Anthony Paterson with 1.51%.

Its market cap is CA$28.98 million with 65.86 million shares outstanding, and it trades in a 52-week range of CA$0.15 and CA$0.52.

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Important Disclosures:

1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of West Point Gold Corp.
2. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
3. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

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( Companies Mentioned: WPG:TSXV; WPGCF:OTCQB,
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