Western Gold Provides Initial Data on Caledonian Gold Joint Venture Areas, Currently Under Application, Where Multiple High-Grade Gold Veins Have Been Recorded
Western Gold Provides Initial Data on
Caledonian Gold Joint Venture Areas,
Currently Under Application, Where Multiple
High-Grade Gold Veins Have Been Recorded
North Berwick, Scotland--(Newsfile Corp. - December 3, 2025) -
WESTERN GOLD EXPLORATION
LTD. (TSXV: WGLD)
(the "
Company
") is pleased to provide further details about its recently created
joint venture (the "
JV
") with Acrux Gold Limited ("
Acrux Gold
") to explore for gold, silver, and critical
minerals as part of the
Caledonian Gold Project
in central Scotland (see the Company's 25 Nov. 2025
press release). Acrux Gold is the new owner of the Cononish Gold Mine.
A comprehensive review of historical exploration data within the JV area is ongoing using public file
data. As part of the JV, Acrux Gold is supplying regional datasets dating back to the 1980's with
extensive coverage within the JV area. Some initial observations from historical reports and press
releases highlight the potential of the area.
Glen Orchy area (Figure 1)
was the focus of limited historic exploration by Ennex International during
the 1980s, and Scotgold Resources in the 2010s. Historical reports indicate numerous gold bearing
quartz veins were discovered. Some of the most notable historical assays, taken by handheld diamond
winky drill and grab samples, include:
Beinn Udlaidh Vein:
which can be traced for over 2km strike in strike length and is up to 20m
wide. Best samples include:
7.5m @ 4.1 g/t Au from surface, including 0.5m @ 19.2 g/t Au
1
Rock chip grab samples up to
73.2 g/t Au
2
River Vein:
Several chip grab samples
> 100 g/t Au, up to 383.2 g/t Au
2
The Lyon area (Figure 1)
seems comparatively underexplored, with historic data limited in extent.
Scotgold Resources handheld diamond winky drilling included the following:
Coire a'Ghabhalach Vein: 1.0m @ 25.5 g/t Au and 2.1m @ 15.3 g/t Au, from surface
2
Creag Sheileach: 1.0m @ 25.46 g/t Au, from surface
2
Note: grab samples are selective in nature and should not be interpreted as representative of the economic potential of the area, winky drill
samples are best viewed as equivalent to a rock channel sample rather than a drillhole, see
Table 1
.
Figure 1.
Geological map of the Caledonian Gold Project, highlighting known prospects, including:
Beinn Udlaidh (BU), River Vein (RV), Coire a'Ghabhalach (CG) and Creag Sheileach (CS).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9801/276756_f52f469d04e08b4f_002full.jpg
Crown License Applications.
Glen Lyon Limited (the JV Co), has applied for two Crown Estate Mines
Royal Option Agreements (exploration licences) in the Glen Orchy and Lyon areas (
Figures 1 and 2
),
which would provide exclusive rights in those areas to explore for gold and silver and include an option to
apply for future mining leases. The licence areas cover major fault zones known to host
gold, silver, and
critical metal
mineralisation and are situated within a historic
Pb-Zn mining district
, highlighting strong
polymetallic potential. Crown Estate licensing operates on a first-come, first-served basis, and as the JV
is the first and sole applicant, formal approval of the Glen Orchy and Lyon licences (totalling 500 km²) is
expected in the near term. In addition, the JV has also secured a ~130 km² surface-rights agreement,
providing an immediate operational footprint for early exploration (
Figure 2
). The licence area
applications are located approximately 40 km northeast of the Company's Lorne Cu-Au Porphyry
Project, which includes the Lagalochan and Ardlochan prospects.
Figure 2
. OS map highlighting the location of our advanced exploration licence applications at Lyon and
Glen Orchy and the position of the nearby Cononish Gold Mine. Coordinates in British National Grid
(BNG).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9801/276756_f52f469d04e08b4f_003full.jpg
Table 1.
Historic results and geospatial data for winky drill and rock-chip grab samples from Glen Orchy
and Lyon. Coordinates in BNG.
Prospect
Sample Type
Au Grade (g/t)
Interval (m)
Easting (m)
Northing (m)
Beinn Udlaidh Inc.
Winky drill
4.1
7.5
228400
733427
Winky drill
19.2
0.5
228400
733427
Grab
73.2
-
228425
733457
Creag Sheileach
Winky drill
25.46
1.0
234784
738791
Coire a'Ghabhalach
Winky drill
25.5
1.0
232844
739787
Winky drill
15.2
2.1
232889
739789
River Vein
Grab
383.2
-
225104
733990
Grab
321.5
-
225095
734009
Grab
197.2
-
225099
734001
Grab
171.8
-
225924
734646
References
[1]
Snowden Geology Advisory. Scotgold Resources Limited: Cononish Gold Deposit Project, Scotland, Project No. L136. Geological Review and
Mineral Resource Estimate. 30 June 2008.
[2]
Scotgold Resources ASX Announcement 28 April 2011. March 2011 Quarterly Report.
About Western Gold Exploration
The Company is a mineral exploration company that is listed on the TSX Venture Exchange under the
symbol "WGLD". The Company and its subsidiaries are focused on the exploration of mineral properties
in Scotland and discovering new opportunities across the underexplored Caledonian-Appalachian belt in
order to identify locations of gold and critical metal deposits. The Company's focus has expanded to
include the Caledonian Gold Project in addition to its Lorne Project, which includes the Lagalochan
copper gold porphyry property located in Argyll, Scotland (the "
Lagalochan Property
"), and the
adjacent and nearby properties along the Lorne Fault Zone. The
Caledonian Gold Project
lies within
one of Scotland's most prospective mineral belts and is adjacent to Scotland's only gold mine, the
Cononish Gold Mine
, operated by JV partners Acrux Gold.
On 29 November 2022, the Company filed a National Instrument 43-101 -
Standards of Disclosure for
Mineral Projects
compliant, independent Technical Report (the "
Technical Report
") on the Lagalochan
Property. The Technical Report and additional information about the Company are available on
SEDAR+ at
www.sedarplus.ca
under the Company's profile and on the Company's website:
www.westerngoldexploration.com
.
For further information, please contact:
Ross McLellan, CEO
Phone:
+44 7779 161441
Email:
Website:
www.westerngoldexploration.com
Review by Qualified Person, Quality Control and Reports
David Pym (CGeol), a consultant of the Company, is the Qualified Person (QP) (as defined by National
Instrument 43-101) who supervised, verified and approved the scientific and technical disclosure in this
press release on behalf of the Company. The historical data supplied in this press release has not been
verified by the QP but is taken from ASX news releases and public filed reports. No assay certificates
have been reviewed but the QP has located several of the historical winky drill sites and verified their
locations.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
:
This news
release includes certain "forward-looking statements" under applicable Canadian securities
legislation. Forward-looking statements include, but are not limited to, statements with respect to
timing and successful grant of any exploration licenses by Crown Estate Scotland to the JV,
completion of any drilling and work programs on the Company's properties or on any prospects held
by the JV, estimates of mineralisation from drilling, geological information projected from drilling
results, potential for minerals and/or mineral resources, and statements regarding the plans,
intentions, beliefs, and current expectations of the Company with respect to the future business
activities and operating performance of the Company and the JV, that may be described herein.
Forward-looking statements consist of statements that are not purely historical, including any
statements regarding beliefs, plans, expectations or intentions regarding the future. Such information
can generally be identified by the use of forwarding-looking wording such as "may", "expect",
"estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations.
Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no
assurance that the plans, intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown risks
and uncertainties, both general and specific, that contribute to the possibility that the predictions,
estimates, forecasts, projections and other forward-looking statements will not occur. These
assumptions, risks and uncertainties include, among other things, the state of the economy in general
and capital markets in particular, accuracy of assay results, geological interpretations from drilling
results, timing and amount of capital expenditures; performance of available laboratory and other
related services, future operating costs, and the historical basis for current estimates of potential
quantities and grades of target zones, as well as those risk factors discussed or referred to in the
Company's Management's Discussion and Analysis for the year ended December 31, 2025, and the
period ended September 30, 2025 available at
www.sedarplus.ca
, many of which are beyond the
control of the Company. Forward-looking statements contained in this press release are expressly
qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press
release. Except as required by law, the Company disclaims any intention and assumes no obligation
to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise. Additionally, the Company undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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https://www.newsfilecorp.com/release/276756