12:23:09 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Western Gold Exploration Ltd
Symbol WGLD
Shares Issued 50,083,017
Close 2023-10-18 C$ 0.09
Market Cap C$ 4,507,472
Recent Sedar Documents

Western Gold begins drilling at Lagalochan

2023-10-18 09:59 ET - News Release

Mr. Harry Dobson reports

WESTERN GOLD ANNOUNCES COMMENCEMENT OF DRILLING ON ITS LAGALOCHAN PROPERTY

Western Gold Exploration Ltd. has commenced drilling on its Lagalochan property near Oban in Scotland.

The drilling program will primarily test the skarn mineralization on the western margins of the system that has never previously been drilled, extensions to the porphyry-stockwork zone at North Hill and secondary porphyry targets to the west.

Several historic drill holes from surface to greater-than-500-metre depth with low-grade porphyry stockwork mineralization encountered (for example, hole LD13-01A -- 537 metres of 0.18 per cent copper, 0.1 gram per tonne gold, 2.6 grams per tonne silver and 73 parts per million molybdenum; see disclosure in the National Instrument 43-101 technical report for the Lagalochan property as described as follows).

Skarn mineralization is an important source of copper, lead, zinc and gold mineralization worldwide and occurs where the porphyry intrudes into carbonate rocks. An outcrop in the area has indicated copper and gold mineralization is present in skarns (with values up to one metre of 29.4 grams per tonne gold, 30.2 grams per tonne silver and 0.11 per cent copper), encountered in rock-chip sampling (see the technical report for the Lagalochan property, as described as follows).

"This current drilling program aims to assess the wider potential of the property outside of the known porphyry mineralization at North Hill," commented Harry Dobson, chairman. "Historical work and our own efforts in recent years provide indications that porphyry and porphyry-related mineralization could be more extensive than previously thought."

The company expects to advance the Lagalochan property exploration work in accordance with the technical report recommendations. Additional exploration of the Lorne project may include geophysics testing, including a joint induced polarization/magnetic survey proposed to test the subsurface expression of mineralized bodies, identifying and prioritizing potential target areas, site preparation, and drilling.

About Western Gold Exploration Ltd.

The company is a mineral exploration company that is listed on the TSX Venture Exchange under the symbol WGLD. The company is focused on the exploration of mineral properties in Scotland and discovering new opportunities across the underexplored Caledonian Appalachian and identifying locations of gold and critical metal deposits. The company's principal focus is its Lorne project, which includes the Lagalochan copper-gold porphyry property located in Argyll, Scotland, and the adjacent and nearby properties along the Lorne fault zone.

On Nov. 29, 2022, the company filed an independent technical report (compliant with National Instrument 43-101, Standards of Disclosure for Mineral Projects) on the Lagalochan property. The technical report and additional information about the company are available on SEDAR+ under the company's profile and on the company's website.

Review by qualified person, quality control and reports

David Pym, CGeol, a consultant of the company, is the qualified person (as defined by NI 43-101) who supervised, verified and approved the scientific and technical disclosure in this press release on behalf of the company. Verification included checking a proportion of the reported assays (excluding historical) in the company database against the issued laboratory assay certificates. In addition, verification has included checking the location and orientation of the drill collars in the company database against historic maps and reports.

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