It was named for Frank Wild, leader of the party from Shackleton's shipwrecked expedition which camped and managed to survive on the point for four and a half months until they were rescued on 30 August 1916.
"Here on August 30th, 1916, the Chilean Navy cutter Yelcho commanded by Pilot Luis Pardo Villalón rescued the 22 men from the Shackleton Expedition who survived the wreck of the Endurance living for four and one half months in this Island".