Dagger's Point is an external landmark that can be accessed from the Virgin River. It is at the end of a peninsula overlooking the The Bend Bridge to the east. A low-lying strip of land, Dagger's Point holds a duffle bag with some loot which lies in between the large rock and a pile of bones.
The duffle bag contains a Vault 22 jumpsuit, implying that the remains are of a vault dweller that was separated from the rest of his group.
Upon reaching the location, up to four cazadores spawn nearby.
xbox360 Dagger's Point may not appear on the compass, even after discovered. [verified]