09:52 AM EST - West Point Resources Inc. : announced that it purchased a 100% interest in the Monster Lake South gold property located less than 1.6 kilometres south of Tomagold Corporation's Monster Lake gold discovery property where Iamgold Corp. recently agreed to exploration work commitments of $16-million over a period of five years. West Point's Monster Lake South property lies 50 kilometres southwest of Chibougamau, Quebec. The MLS property consists of six claims totaling 112 hectares and contains historical drilling by Homestake Mining (Canada) Ltd. (two holes drilled in 1991) and Westminer Canada Ltd. (14 holes drilled in 1992) with anomalous gold-bearing intervals including 5.39 g/t Au over eight metres (which includes 19.25 g/t Au over 1.5 metres). West Point Resources Inc.
shares V.WPO are trading up $0.01 at $0.04.
