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An announcement from Gold79 Mines ( (TSE:WPG) ) is now available.
West Point Gold Corp. reported multiple high-grade gold intercepts from four new drill holes at the Northeast Tyro zone of its Gold Chain Project in Arizona, including standout results of 27.4 metres grading 9.56 g/t gold and 44.2 metres at 5.46 g/t gold with higher-grade sub-intervals. The latest 936 metres of drilling, part of a 15,000-metre program, significantly extend the high-grade zone both up-dip, down-dip and along strike, and management says the results should enhance the grade profile and scale of its planned maiden resource estimate. The NE Tyro zone remains open to the northeast and at depth, and the company expects an upcoming Plan of Operations to enable deeper and broader drilling beyond its patented claims, supporting continued resource growth potential at Gold Chain.
Spark’s Take on TSE:WPG Stock
According to Spark, TipRanks’ AI Analyst, TSE:WPG is a Neutral.
Gold79 Mines faces severe financial challenges with negative revenue and cash flow, which heavily impacts its stock score. While the technical indicators show some short-term positive momentum, the company’s poor valuation metrics and financial health weigh down its overall attractiveness. However, promising drill results offer a glimmer of hope for future growth, slightly mitigating the negative aspects.
To see Spark’s full report on TSE:WPG stock, click here.
More about Gold79 Mines
West Point Gold Corp. is a junior gold exploration company focused on advancing its flagship Gold Chain Project in Arizona. Listed on the TSX Venture Exchange, OTCQB and Frankfurt, the company is targeting high-grade, near-surface vein systems as it works toward defining an initial mineral resource and expanding its exploration footprint on and around its patented claims.
Average Trading Volume: 391,266
Technical Sentiment Signal: Buy
Current Market Cap: C$154M
See more data about WPG stock on TipRanks’ Stock Analysis page.