Agreement on Casino Access Road Reached
Agreement on Casino Access Road Reached
VANCOUVER, British Columbia, April 08, 2019 -- Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:
WRN; NYSE American: WRN) is pleased to report that the Yukon Government and Little Salmon/Carmacks First Nation have
reached an agreement (the “Agreement”) for the first section of the Casino Project access road: the proposed Carmacks
Bypass.
This Agreement represents the first project agreement for the Yukon Resource Gateway Project (the “Gateway Project”). The
Gateway Project includes funding for upgrading the initial 82 km of the existing access road to standards required for the
Casino Project and 30% funding for the additional 126 km of new access road to the Casino site secured through
commitments from the Yukon Government and the Federal Government.
The Yukon Government indicated that it recently completed geotechnical investigations on the Carmacks Bypass and
engineering is underway with a goal to start construction as soon as possible. It is also in discussions with the Little
Salmon/Carmacks First Nation for an agreement on the remainder of the initial 82 km of the access road.
Paul West-Sells, President and CEO commented: “This Agreement is an important step forward in the development of the
Casino Project, and I look forward to seeing construction begin on the access road. I am also pleased to see that the
Agreement enables the Little Salmon/Carmacks First Nation to access potential contracting, education and training benefits
associated with the project.”
Details of the Agreement, as well as the Gateway Project can be found here:
https://yukon.ca/en/news/agreement-reached-yukon-resource-gateway-project
http://www.gov.yk.ca/news/17-177.html
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the Casino Project, Canada’s premier copper-gold mine in the Yukon
Territory and one of the most economic greenfield copper-gold mining projects in the world. For more information, visit
www.westerncopperandgold.com.
On behalf of the board,
“Paul West-Sells”
Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation
For more information, please contact:
Chris Donaldson,
Director, Corporate Development
604.638.2520 or [email protected]
Cautionary Disclaimer Regarding Forward-Looking Statements and Information
This news release contains certain forward-looking statements concerning anticipated developments in Western’s operations
in future periods. Statements that are not historical fact are “forward-looking statements” as that term is defined in the United
States Private Securities Litigation Reform Act of 1995 and “forward looking information” as that term is defined in National
Instrument 51-102 (“NI 51-102”) of the Canadian Securities Administrators (collectively, “forward-looking statements”). Certain
forward-looking information should also be considered future-oriented financial information (“FOFI”) as that term is defined in
NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management’s expectations regarding the
anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for
other purposes. Forward-looking statements are frequently, but not always, identified by words such as “expects”,
“anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible” and similar expressions, or statements that events,
conditions or results “will”, “may”, “could” or “should” occur or be achieved. These forward-looking statements may include, but
are not limited to, statements regarding perceived merit of properties; mineral reserve and resource estimates; capital
expenditures; feasibility study results (including projected economic returns, operating costs, and capital costs in connection
with the Casino Project); exploration results at the Company’s property; budgets; permitting or other timelines; economic
benefits from the mine and/or the access road; strategic plans; market price of precious and base metals; or other
statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements
include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued
availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays,
unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business
conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.
Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or
achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements
expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks
and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and
currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral
deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated
economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First
Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional
financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in
construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of
permits and other governmental approvals; and other risks and uncertainties disclosed in Western’s AIF and Form 40-F, and
other information released by Western and filed with the applicable regulatory agencies.
Western’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the
statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise
any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise
required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on
forward-looking statements.