Kinross begins drilling at West Point Gold’s Jefferson Canyon project in Nevada

Bitget2026/10/01 11:05

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Kinross Gold has started drilling at West Point Gold’s Jefferson Canyon project in Nevada, about 7 km from Kinross’s Round Mountain mine.
Drilling began Sept. 23, 2026, triggering a four-year option period under a 2022 exploration and option agreement.
Deal terms include potential option payments of up to USD 10 million for Kinross to earn up to an 80% project interest.
West Point Gold would retain a 20% interest if both options are exercised, with conversion to a 1% NSR royalty below 10% dilution.
Kinross also pays USD 75,000 per year in lease payments, with a USD 600,000 exploration spend requirement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. West Point Gold Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202610010700NEWSFILECNPR____20261001_316830_1) on October 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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