WEX:CC - InvestmentPitch Media Feature Video Discusses Western Exploration a Nevada-Focused Precious Metals Exploration Company Aiming to be a Premier Gold and Silver Development Company in North America
VANCOUVER, British Columbia, March 15, 2022 (GLOBE NEWSWIRE) -- Today’s feature company is Western Exploration (TSXV:WEX) (OTCQX:WEXPF), a Nevada-focused precious metals exploration company, aiming to be a premier gold and silver development company in North America.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
For more information, please view the InvestmentPitch Media video which provides additional information about Western Exploration, along with comments from Darcy Marud, Western Explorations, CEO. The video is available for viewing on “ InvestmentPitch.com ” and on “ YouTube ”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Western Exploration” in the search box.
The company was born out of a 25-year history of advancing exploration projects in Nevada as a private company. Its principal asset is its 100%-owned, 6,000-hectare Aura gold-silver project, located in Elko County, Nevada, approximately 120 kilometers north of the city of Elko.
In 2017, Agnico Eagle Mines became a partner and has invested more than US$14 million and currently owns approximately 18% and provides technical expertise through a joint technical committee with Western Exploration's management team.
The Aura Project, accessible year-round by highway and county roads with access to water and electricity nearby, is located 32 kilometers north of the Jerritt Canyon mine, which has been in continual operation since 1981. Aura Project is unique in the junior mining space as it has a NI 43-101 Resource Estimate technical report reflecting an indicated resource of 652,271 gold equivalent ounces at 1.43 grams per tonne and an inferred resource of 665,357 gold equivalent ounces at 1.71 grams per tonne. The Resource Estimate was based on three different deposits, the Doby George, Gravel Creek, and Wood Gulch, a former operating mine.
At Doby George, the current mineral resource is defined by more than 800 drill holes completed between 1997 and 2017. Results from the previous metallurgical testing completed on 26 bottle rolls and 23 column leach samples indicate that heap leach gold recoveries approaching 70% can be expected. A synthesis of exploration work conducted at the Aura Project from 1997 to 2021 has resulted in the creation of a robust geologic model, which offers significant potential for resource expansion and new discovery.
In the last two years, the company has compiled all historic data to develop a three-dimension model and establish a focused exploration program for the Aura Project. It has also advanced the project to a stage where limited additional metallurgical work can lead to the commencement of a pre-feasibility study.
The shares are trading at $1.70. For more information, please visit the company’s website, www.WesternExploration.com , contact Nichole Cowles, Investor Relations, at 775-240-4172 or by email at NicholeCowles@WesternExploration.com .
Disclaimer
The information in this Investmentpitch Media Ltd video is for the viewers information only. Western Exploration has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by Investmentpitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. Investmentpitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.
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