West Point Gold Corp., a publicly listed company engaged in gold discovery and development, has announced its strategic acquisition of the Baxter Spring Project following a share purchase agreement with Baxter Gold Corp. The agreement, dated September 15, 2025, entails West Point Gold acquiring a 100% interest in Baxter through the purchase of all outstanding shares in exchange for 13.5 million common shares valued at $0.435 each.
The Baxter Spring Project is situated in Nevada’s Manhattan Mining District, approximately 40 kilometers south of the Kinross-operated Round Mountain Mine and close to West Point’s Jefferson Canyon project. This advanced-stage exploration site spans approximately 2,830 acres (1,145 hectares) and consists of 137 unpatented federal lode claims. Historical exploration has been extensive, with 128 drill holes—totaling around 11,000 meters of reverse circulation and 1,850 meters of core drilling—alongside surface geochemical and geophysical surveys.
Noteworthy historical drilling results include:
– 24.4 meters at 2.49 grams per tonne (g/t) Au (BS-22, Homestake Mining, 1982)
– 12.2 meters at 60.3 g/t Au, including a spectacular interval of 3.0m at 240 g/t Au (BS-8, Homestake Mining, 1982)
– Subsequent results that included 27.4 meters at 1.46 g/t Au and 7.6 meters at 8.81 g/t Au from earlier drilling activities.
Quentin Mai, West Point Gold’s CEO, emphasized the strategic nature of this acquisition, suggesting that Baxter Spring not only bolsters the company’s position in a key mining region but also enhances its exploration capabilities. He noted that while the Gold Chain project remains the flagship asset, Baxter Spring’s historical data and extensive drilling present a compelling opportunity. The company intends to initiate low-cost exploration programs at Baxter Spring in the fourth quarter of 2025 and commence drilling in 2026.
The geological makeup of the Baxter Spring Project reveals multiple zones of mineralization, primarily associated with quartz-adularia-iron oxide veinlets amidst localized alteration features. Historical data indicates substantial gold occurrences, and the project has not yet been fully evaluated under the current NI 43-101 mining standards.
In addition to the acquisition announcement, West Point Gold revealed a related transaction regarding its Gold Chain project. The company issued 129,698 common shares at CAD$0.341 per share to fulfill a payment under an option agreement worth approximately US$32,000.
The acquisition remains contingent upon approval by the TSX Venture Exchange, with additional contractual hold periods established for Baxter’s shareholders, ensuring that shares remain locked for varying timeframes post-transaction.
As West Point Gold expands its footprint in Nevada and Arizona and leverages its assets, the future endeavors at Baxter Spring will be closely monitored by investors and industry observers looking for developments in the company’s exploration activities.
