Western Announces Significant Northern Extension of Casino
Western Announces Significant Northern Extension of
Casino
VANCOUVER
,
Dec. 19, 2019
/CNW/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX:
WRN; NYSE American: WRN) is pleased to announce the assay results from this summer's exploration diamond drilling
program at its wholly owned Casino Project in the
Yukon Territory, Canada
.
The exploration program consisted of a total of
13,590 m
of diamond drilling in 69 completed holes. There were three
targets for the drilling: in-fill drilling of inferred mineralization located in the 22-year pit outlined by the
January 25, 2013
Casino Project Feasibility Study (the "Feasibility Study"); step-out drilling to the west, near the recently acquired
Canadian Creek property; and step-out drilling to the north (see Figure 1).
Of particular note is the step-out drilling to the North. Nine of the ten holes drilled in this area encountered significant
widths of mineralization above the cut-off grade of 0.20% copper equivalent
1
("Cut-off grade") in an area that
previously was not thought to have significant mineralized material (see Table 1). The mineralization is associated with
a satellite intrusive and breccia complex located near the main Casino intrusion and represents a new zone. Seven of
the ten holes terminated in above Cut-off grade mineralization indicating the potential for more mineralization at depth.
This region remains open to the north.
All holes in the step-out drilling to the west intercepted mineralization greater than the Cut-off grade and three of the six
holes terminated in above Cut-off grade mineralization demonstrating that the Casino hypogene mineralization system is
continuous on to the recently acquired Canadian Creek property and is still open at depth and to the west.
The in-fill drilling campaign, targeting the edges of the deposit, was also very successful, with 49 of the 53 holes drilled
intercepting mineralization greater than the Cut-off grade. In addition to the hole DH19-21 that returned 55.1 grams per
tonne ("g/t") gold over 2.97 metres ("m") at a depth of
147.98 m
, reported earlier (see news release dated
September
24, 2019
), additional intercepts include hole DH19-10 that returned 4.78 g/t gold over
1.0 m
at a depth of
174.0 m
and
hole DH19-13 that returned 3.55 g/t gold over
2.0 m
at a depth of
129.0 m
. These high-gold intercepts occur in fault
structures and are associated with late phase alteration cross cutting the earlier porphyry related alteration. Additional,
closer spaced drilling is needed to determine the full extent of these gold enriched structures.
As a result of the continuing success of the exploration program and other considerations, the Company has informed
Yukon Environmental and Socioeconomic Assessment Board that it will continue to defer submission of its ESE
Statement.
"This was a tremendously successful drill campaign", said
Paul West-Sells
, President & CEO, "The in-fill drilling met
and exceeded targets, we found new high-grade gold mineralization, and extended the Casino deposit to the north and
to the west. We are currently planning additional drilling to further define these areas, and Canadian Creek targets,
including a potential new porphyry deposit, next year."
Figure 1: Drill-hole map showing 2019 drilling. (CNW Group/Western Copper and Gold Corporation)
Table 1: Significant drill intercepts from 2019 drill program.
Hole
Hole
Length (m)
From
(m)
To (m)
Width
2
(m)
Cu
(%)
Au
(g/t)
Ag
(g/t)
Mo
(%)
CuEq
1
(%)
Northern Extension
DH 19-60
182.27
30.48
143.96
113.48
0.18
0.13
1.19
0.01
0.33
DH 19-61
148.77
3.05
145.65
142.60
0.14
0.17
1.42
0.01
0.31
DH 19-62
150.88
24.85
150.88
126.03
0.13
0.10
0.71
0.01
0.25
DH 19-63
188.98
9.14
188.98
179.84
0.12
0.14
1.32
0.01
0.29
Including
69.00
71.00
2.00
0.63
0.14
0.70
0.07
1.11
DH 19-64
150.88
21.40
150.88
129.48
0.12
0.13
0.80
0.01
0.28
DH 19-65
150.88
6.10
150.88
144.78
0.15
0.17
1.30
0.01
0.32
DH 19-66
152.40
1.17
152.40
151.23
0.11
0.11
1.04
0.01
0.26
DH 19-67
147.83
4.57
29.00
24.43
0.06
0.22
1.10
0.01
0.25
and
40.00
147.83
107.83
0.19
0.15
1.91
0.01
0.38
DH 19-68
150.24
38.50
83.35
44.85
0.17
0.11
1.62
0.01
0.31
DH 19-69
150.88
27.43
120.00
92.57
0.09
0.10
3.39
0.01
0.22
West Extension
CRD 19-54
201.17
85.34
99.50
14.16
0.12
0.07
5.07
0.00
0.21
CRD 19-55
204.23
29.30
204.23
174.93
0.07
0.18
1.67
0.00
0.26
including
183.40
185.40
2.00
0.30
3.60
6.10
0.00
2.66
CRD 19-56
216.91
56.00
70.80
14.80
0.08
0.15
1.43
0.02
0.27
and
150.80
162.80
12.00
0.06
0.16
0.49
0.03
0.35
and
189.80
216.41
26.61
0.07
0.24
2.65
0.01
0.31
including
197.30
198.30
1.00
0.27
2.68
14.00
0.01
2.14
CRD 19-57
201.17
30.48
89.92
59.44
0.07
0.22
2.76
0.00
0.24
CRD 19-58
201.17
77.57
96.01
18.44
0.06
0.13
0.93
0.01
0.21
CRD 19-59
201.17
35.05
201.17
166.12
0.10
0.17
2.29
0.01
0.30
Including
185.93
187.39
1.50
0.61
0.65
5.20
0.01
1.13
including
120.17
122.52
2.35
0.03
0.28
6.30
0.21
1.46
In-fill Drilling
DH 19-03
150.88
36.00
83.00
47.00
0.11
0.14
1.32
0.00
0.22
and
113.00
150.88
37.88
0.10
0.11
0.75
0.02
0.26
DH 19-04A
150.88
36.60
150.88
114.28
0.06
0.24
3.34
0.00
0.26
including
148.00
150.88
2.88
0.07
2.40
3.20
0.00
1.64
DH 19-05
150.88
40.08
58.00
17.92
0.03
0.22
1.45
0.00
0.20
and
76.00
85.00
9.00
0.03
0.23
1.72
0.00
0.20
and
108.00
114.00
6.00
0.03
0.25
1.73
0.00
0.22
DH 19-06
201.17
67.06
197.00
129.94
0.17
0.11
1.26
0.00
0.26
DH 19-07
199.64
33.53
39.62
6.09
0.01
0.11
1.90
0.03
0.28
and
60.96
199.64
138.68
0.15
0.18
2.53
0.06
0.64
including
116.00
149.00
33.00
0.17
0.18
2.40
0.19
1.37
DH 19-09
150.88
24.38
150.88
126.50
0.16
0.19
4.48
0.00
0.35
including
36.58
39.62
3.00
0.06
0.18
131.00
0.00
1.30
including
72.00
75.00
3.00
0.81
0.30
1.50
0.01
1.09
DH 19-10
249.94
168.00
175.00
7.00
0.23
1.71
5.54
0.00
1.39
and
194.00
205.30
11.30
0.06
0.49
1.45
0.00
0.40
including
170.00
172.00
2.00
0.14
3.12
4.70
0.00
2.18
including
174.00
175.00
1.00
1.04
4.78
21.00
0.00
4.28
DH 19-12
150.88
28.96
150.88
121.92
0.17
0.16
1.77
0.00
0.31
DH 19-13
199.64
12.00
18.00
6.00
0.00
0.60
4.65
0.00
0.45
and
102.00
173.00
71.00
0.14
0.32
2.82
0.02
0.46
including
129.00
131.00
2.00
0.35
3.55
3.50
0.00
2.67
including
162.00
164.00
2.00
0.20
1.38
8.30
0.07
1.54
DH 19-14
150.88
84.00
94.00
10.00
0.02
0.26
4.62
0.00
0.23
and
111.00
123.00
12.00
0.08
0.42
5.05
0.00
0.39
DH 19-15
150.27
15.24
150.27
135.03
0.21
0.14
2.32
0.01
0.36
including
89.00
99.00
10.00
0.37
0.26
3.97
0.02
0.68
DH 19-16
150.13
6.10
24.38
18.28
0.07
0.13
0.90
0.01
0.20
and
36.00
82.00
46.00
0.15
0.12
0.92
0.01
0.30
and
98.00
150.13
52.13
0.08
0.08
1.09
0.02
0.23
DH 19-17
150.88
27.20
33.00
5.80
0.03
0.07
0.90
0.03
0.23
and
60.00
127.10
67.10
0.20
0.11
1.10
0.01
0.34
Including
66.00
67.14
1.10
0.73
0.54
3.70
0.00
1.12
including
96.01
97.21
1.20
0.17
0.04
0.50
0.28
1.75
DH 19-18
149.66
6.10
12.19
6.09
0.05
0.16
3.10
0.01
0.25
and
51.62
149.66
98.04
0.15
0.08
0.90
0.01
0.25
DH 19-19
150.57
9.50
150.57
141.07
0.13
0.16
1.75
0.01
0.31
DH 19-20
150.88
7.62
16.76
9.14
0.07
0.20
10.74
0.01
0.32
and
67.00
150.80
83.80
0.19
0.28
1.00
0.01
0.43
Including
81.00
84.00
3.00
0.80
0.24
0.60
0.01
1.04
including
120.00
123.00
3.00
0.42
2.63
5.80
0.01
2.20
DH 19-21
249.94
91.00
97.00
6.00
0.07
0.53
1.02
0.00
0.42
and
124.00
157.00
33.00
0.04
5.15
0.87
0.00
3.34
including
147.98
150.95
2.97
0.07
55.10
1.80
0.00
35.25
and
194.24
218.00
23.76
0.18
0.15
3.82
0.00
0.31
and
236.00
249.94
13.94
0.17
0.21
2.42
0.00
0.32
DH 19-22A
150.88
145.00
150.88
5.88
0.05
0.46
1.39
0.00
0.36
DH 19-23
249.63
76.20
83.30
7.10
0.15
0.14
3.17
0.00
0.26
and
95.43
104.40
8.97
0.04
0.41
0.61
0.00
0.31
and
164.60
181.88
17.28
0.02
0.29
1.01
0.00
0.22
DH 19-24
150.88
96.00
102.00
6.00
0.07
0.22
9.75
0.00
0.29
DH 19-25
152.40
6.10
51.82
45.72
0.11
0.11
1.25
0.00
0.20
and
78.00
152.40
77.40
0.11
0.14
3.29
0.00
0.24
DH 19-26A
225.55
7.62
225.55
217.93
0.11
0.15
1.26
0.02
0.31
DH 19-27
251.46
190.53
202.53
12.00
0.04
0.29
0.90
0.00
0.23
DH 19-28
150.88
60.96
100.59
39.63
0.03
0.29
0.60
0.00
0.22
and
117.35
129.50
12.15
0.05
0.24
0.84
0.00
0.21
including
76.20
79.25
3.05
0.01
1.31
0.25
0.00
0.84
DH 19-30
249.94
96.91
101.06
4.15
0.11
0.17
1.09
0.00
0.24
and
134.11
143.00
8.89
0.11
0.15
2.74
0.01
0.26
and
159.00
171.00
12.00
0.11
0.15
0.65
0.00
0.22
and
201.00
245.00
44.00
0.12
0.16
1.36
0.00
0.24
DH 19-31
300.23
15.24
292.61
277.37
0.13
0.18
3.17
0.01
0.31
including
85.5
88.5
3.00
0.79
0.90
47.00
0.00
1.79
DH 19-32
300.28
144.73
153.36
8.63
0.04
0.25
0.32
0.00
0.21
and
185.00
192.00
7.00
0.03
0.32
1.23
0.00
0.25
and
210.31
216.56
6.25
0.11
0.21
3.06
0.00
0.27
DH 19-33
201.17
40.85
98.45
57.60
0.02
0.36
0.28
0.00
0.25
and
142.86
201.17
58.31
0.03
0.30
1.20
0.00
0.24
DH 19-34
150.88
115.15
128.98
13.83
0.15
0.16
0.99
0.00
0.27
DH 19-35
201.17
111.25
127.71
16.46
0.11
0.16
3.51
0.00
0.25
and
146.00
155.14
9.14
0.10
0.17
1.37
0.00
0.23
and
173.00
201.17
28.17
0.10
0.14
0.69
0.00
0.21
DH 19-36
300.23
32.00
300.23
268.23
0.13
0.16
1.35
0.00
0.31
Including
121.00
124.00
3.00
0.49
0.64
1.70
0.02
1.01
DH 19-37
150.88
15.25
30.00
14.75
0.05
0.31
0.62
0.00
0.25
and
57.02
81.00
23.98
0.05
0.44
0.86
0.00
0.34
including
78.00
81.00
3.00
0.13
1.23
1.60
0.00
0.93
DH 19-38
400.81
53.00
80.00
27.00
0.00
0.28
0.96
0.00
0.20
DH 19-39
300.23
172.21
186.36
14.15
0.03
0.37
1.03
0.00
0.27
and
242.00
260.60
18.60
0.04
0.28
8.67
0.00
0.30
and
288.04
294.13
6.09
0.04
0.76
1.60
0.00
0.54
DH 19-40
251.46
3.05
33.53
30.48
0.00
0.30
0.39
0.00
0.20
and
42.67
66.00
23.33
0.03
0.29
0.25
0.00
0.21
DH 19-41
150.88
22.50
78.50
56.00
0.03
0.27
1.38
0.00
0.22
and
114.50
135.59
21.09
0.03
0.30
0.96
0.00
0.23
DH 19-43
201.17
22.86
201.17
178.31
0.14
0.16
1.40
0.01
0.30
DH 19-44
300.23
7.50
300.23
292.73
0.15
0.17
1.08
0.01
0.32
DH 19-46
250.85
42.67
64.95
22.28
0.09
0.18
0.97
0.00
0.24
and
76.20
86.60
10.40
0.12
0.11
0.49
0.00
0.20
and
111.25
121.25
10.00
0.11
0.12
1.54
0.00
0.20
and
167.90
177.58
9.68
0.15
0.16
4.40
0.00
0.30
and
245.00
250.85
5.85
0.24
0.25
8.49
0.00
0.47
DH 19-47
300.23
32.00
263.65
231.65
0.15
0.16
1.15
0.01
0.29
DH 19-48
326.14
12.19
132.50
120.31
0.16
0.19
0.98
0.01
0.33
DH 19-49
150.88
24.00
42.30
18.30
0.06
0.19
2.82
0.00
0.22
and
51.30
65.50
14.20
0.15
0.08
0.62
0.00
0.22
and
109.50
115.50
6.00
0.12
0.16
0.40
0.00
0.22
DH 19-50
201.17
31.00
201.17
170.17
0.17
0.19
1.07
0.01
0.33
DH 19-51
201.17
18.20
201.17
182.97
0.14
0.14
2.02
0.00
0.27
DH 19-52
150.88
0.00
77.93
77.93
0.13
0.12
1.24
0.00
0.24
and
91.10
130.76
39.66
0.15
0.11
1.00
0.00
0.25
DH 19-53
201.17
12.19
36.58
24.39
0.20
0.17
0.57
0.00
0.32
1
CuEq Metal Prices: US$2.00/lb copper, US$875/oz gold, US$11.25/lb molybdenum, US$11.25/oz silver with no adjustment for metallurgical recovery.
2
Widths are core length, not true width of mineralized intersection
John McClintock
, P.Eng. is the qualified person responsible for the execution of the Casino Project exploration
program and the preparation of the technical information in this news release.
QA/QC including assurance of chain of custody has been implemented. Split core samples are prepared and
analyzed by ALS Chemex. Prepared samples are initially run using a four acid digestion process and conventional
multi-element ICP-AES analysis. Additional assaying for total copper and molybdenum is run using a 4 acid digestion
– AES or AAS method to a 0.001% detection limit. Gold assays are run using 30 gram sample fire assay with an AA
finish to a 0.005 ppm detection limit, with samples greater than 10 ppm finished gravimetrically. The QA/QC
procedure involves regular submission of Certified Analytical Standards and property specific duplicates.
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
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.
View original content to download multimedia:
http://www.prnewswire.com/news-releases/western-announces-significant-northern-extension-of-casino-300977304.html
SOURCE
Western Copper and Gold Corporation
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/December2019/19/c4177.html
%SEDAR: 00023684E
For further information:
Chris Donaldson, Director, Corporate Development, 604.638.2520 or
CO: Western Copper and Gold Corporation
CNW 06:59e 19-DEC-19