Western Copper and GOLD Announces Casino Copper-GOLD Project Drilling Results
WESTERN COPPER AND GOLD ANNOUNCES
CASINO COPPER-GOLD PROJECT DRILLING
RESULTS
VANCOUVER, BC, March 24, 2022 /CNW/ - Western Copper and Gold Corporation ("Western" or
the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce assay results from the
remaining 13 holes of the 2021 diamond drilling program at its wholly-owned Casino Copper-Gold
Project ("Casino") in the Yukon Territory, Canada. The program, developed with input from Rio
Tinto, comprised a total of 6,074.97 m in 22 holes. Highlights of the first nine drill holes were
reported in Western's Nov. 29, 2021 news release, and are included herein. Drill assay results are
shown in Table 1 and collar data in Table 2.
Highlights
Drilling in the deposit core area confirmed its importance to the overall resource at Casino as
shown by long intercepts of grades higher than the average resource grades in the Leached
Cap ("CAP"), Supergene ("SUP"), and Hypogene ("HYP") zones:
DDH21-13 returned a 300.23 m (length of hole) interval grading 0.70% CuEq1,
including a 21.00 m sub-interval grading 1.50% CuEq1 within the HYP zone.
DDH21-20 returned a 248.41 m (length of hole) interval grading 0.58% CuEq1, including a
21.00 m sub-interval grading 1.10% CuEq1 in the SUP zone.
Drilling northeast of the deposit core returned values at or exceeding resource-grade levels.
DDH21-17 returned a 300.23 m (length of hole) interval grading 0.57% CuEq1, including a
15.00 m sub-interval grading 1.09% CuEq1 in SUP mineralization.
Review of lithological and mineralogical settings for holes DDH21-07, 21-08 and 21-09 indicate
these holes were collared along or proximal to the NW – SE trending Casino Fault.
A high-grade intercept grading 2.53% CuEq1 across 65.80 m in DDH21-09 (see News
Release dated Nov 29) is hosted by brecciated rock that consistently hosts higher-grade
mineralization in the Casino Deposit.
Although grades from most exploration holes drilled outside of the current deposit area were
lower than average resource grades, hole DDH21-14, collared east of the deposit, returned a
54.35 m interval grading 0.78% CuEq1, with the majority of contained value derived from
anomalous gold and silver content.
Summary
The 2021 program was comprised of 16 holes within the Casino deposit resource boundaries,
centered on the "Deposit Core" area (see news release dated Feb 2, 2021). Drilling within the
resource area included 5 resource confirmation holes, 3 metallurgical testing holes, and 8 holes for
geotechnical analysis. An additional 6 exploration holes were drilled outside of the deposit area. All
holes within the deposit area returned values that confirmed or, in some cases, improved upon
previous drilling. These positive results represent important achievements of the 2021 program.
At Casino, higher grades are hosted mostly by intrusive breccias and, in the Deposit Core, also by
Patton Porphyry intrusive rock. Holes DDH21-07, -08 and -09, collared east of and at a significantly
lower elevation than the deposit core, indicate that higher grades also occur in brecciated zones
east of the deposit core. These high-grade intervals may be influenced by proximity to the Casino
Fault.
Significant CuEq values have now been established for the various zones comprising the Casino
deposit. Analysis of results within respective zones continue to support previous drilling results
showing that the supergene enrichment zones host somewhat higher CuEq values than the
underlying hypogene zone. Significantly higher supergene to hypogene ratios in DDH21-09 may
reflect structurally-controlled enriched mineralization along and proximal to the Casino fault.
Table 1: Significant Results, 2021 drill program.
Hole
Zone
3
From
(m)
To
(m)
Width
2
(m)
Cu
(%)
Au
(g/t)
Ag
(g/t)
Mo
(%)
CuEq
1
(%)
DDH21-01
All
0.50
352.04
351.54
0.17
0.21
0.99
0.027
0.45
Cap
0.50
57.25
56.75
0.07
0.15
0.98
0.035
0.33
SUP
57.25
177.98
120.73
0.28
0.26
1.11
0.038
0.65
HYP
177.98
352.04
174.06
0.13
0.20
0.91
0.017
0.36
DDH21-02
All
5.20
350.22
345.02
0.20
0.45
3.06
0.038
0.74
CAP
5.20
109.93
104.73
0.01
0.47
3.92
0.010
0.46
Including
88.10
91.10
3.00
0.00
5.20
9.23
0.033
4.36
SUP
109.93
217.61
107.68
0.34
0.44
2.35
0.051
0.91
HYP
217.61
350.22
132.61
0.24
0.44
2.96
0.050
0.82
DDH21-03
All
0.00
228.60
228.60
0.10
0.21
2.36
0.026
0.40
CAP
0.00
115.54
115.54
0.01
0.20
1.39
0.039
0.34
SUP
115.54
228.60
113.06
0.19
0.22
3.34
0.012
0.45
DDH21-04
All
3.05
350.52
347.47
0.26
0.55
4.03
0.031
0.86
CAP
3.05
115.91
112.86
0.05
0.61
3.67
0.020
0.65
S c8UP
115.91
301.41
185.50
0.39
0.56
4.87
0.033
1.01
HYP
301.41
350.52
49.11
0.23
0.42
1.66
0.052
0.80
DDH21-05
All
3.05
300.23
297.18
0.16
0.37
1.98
0.013
0.53
CAP
3.05
82.00
78.95
0.04
0.49
2.23
0.008
0.48
SUP
82.00
159.82
77.82
0.21
0.38
2.21
0.015
0.59
HYP
159.82
300.23
140.41
0.21
0.30
1.72
0.015
0.53
DDH21-06
All
0.00
324.61
324.61
0.27
0.45
2.03
0.026
0.74
CAP
0.00
39.62
39.62
0.11
0.19
0.77
0.007
0.30
SUP
39.62
73.41
33.79
0.21
0.34
1.24
0.015
0.55
HYP
73.41
324.61
251.20
0.30
0.50
2.33
0.030
0.84
Including
115.41
151.41
36.00
0.71
0.86
2.17
0.035
1.55
DDH21-07
All
18.29
326.14
307.85
0.42
0.52
2.14
0.030
0.98
CAP
18.29
36.58
18.29
0.05
0.53
2.82
0.019
0.58
SUP
36.58
326.14
289.56
0.45
0.52
2.10
0.031
1.01
Including
117.72
123.72
6.00
1.14
1.38
4.17
0.046
2.46
HYP
145.72
326.14
180.42
0.38
0.47
2.06
0.032
0.90
DDH21-08
All
1.52
256.03
254.51
0.17
0.22
1.22
0.005
0.38
CAP
1.52
18.57
17.05
0.06
0.12
1.02
0.004
0.18
HYP
18.57
256.03
237.46
0.17
0.21
1.21
0.005
0.37
DDH21-09
All
0.00
225.55
225.55
0.52
0.54
3.04
0.008
1.01
CAP
0.00
10.62
10.62
0.05
0.18
1.11
0.005
0.23
SUP
10.62
52.42
41.80
1.60
1.61
8.92
0.018
3.04
Including
10.62
76.42
65.80
1.32
1.33
7.09
0.019
2.53
Including
25.67
52.42
26.75
2.18
1.92
10.80
0.020
3.90
Including
34.67
35.67
1.00
3.27
4.20
112.00
0.018
7.74
HYP
52.42
225.55
173.13
0.29
0.30
1.73
0.006
0.56
DDH21-10
All
13.76
123.6
109.84
0.18
0.20
0.91
0.004
0.36
CAP
13.76
18.49
4.73
0.18
0.24
1.30
0.004
0.40
HYP
18.49
123.60
105.11
0.18
0.20
0.89
0.004
0.36
DDH21-11
All
1.52
251.46
249.94
0.17
0.44
2.44
0.012
0.59
CAP
1.52
76.52
75.00
0.04
0.50
2.89
0.013
0.52
SUP
76.52
142.52
66.00
0.24
0.48
2.04
0.012
0.69
Including
97.52
115.52
18.00
0.28
0.69
2.29
0.019
0.92
HYP
142.5
251.46
108.94
0.23
0.36
2.36
0.012
0.59
DDH21-12
n/a
162.80
168.80
6.00
0.09
0.26
3.70
0.000
0.34
DDH21-13
All
0.00
300.23
300.23
0.19
0.54
4.09
0.010
0.70
CAP
0.00
152.00
152.00
0.01
0.48
3.90
0.013
0.49
HYP
152.00
300.23
148.23
0.37
0.59
4.29
0.008
0.92
Including
179.00
200.00
21.00
0.23
1.51
5.86
0.005
1.50
Including
207.65
223.35
15.70
0.99
1.31
8.68
0.017
2.18
Including
216.65
218.79
2.14
2.29
5.88
23.90
0.016
7.26
DDH21-14
n/a
114.04
120.04
6.00
0.07
0.18
0.90
0.000
0.22
n/a
141.04
150.04
9.00
0.05
0.18
1.56
0.000
0.20
n/a
191.00
203.00
12.00
0.04
0.96
0.20
0.000
0.81
n/a
269.00
323.35
54.35
0.02
0.86
5.45
0.000
0.78
DDH21-15
All
4.57
225.55
220.98
0.19
0.33
2.36
0.015
0.54
CAP
4.57
60.62
56.05
0.09
0.59
3.00
0.014
0.64
SUP
60.62
167.59
106.97
0.25
0.26
1.93
0.011
0.52
HYP
167.59
225.55
57.96
0.18
0.21
2.54
0.024
0.46
DDH21-16
n/a
149.5
150.5
1.00
0.01
0.20
18.75
0.000
0.34
DDH21-17
All
0.00
300.23
300.23
0.24
0.28
1.38
0.021
0.57
CAP
0.00
21.00
21.00
0.15
0.40
2.12
0.017
0.56
SUP
21.00
36.00
15.00
0.51
0.55
2.49
0.028
1.09
CAP
36.00
94.00
58.00
0.14
0.37
1.88
0.017
0.53
SUP
94.00
154.00
60.00
0.46
0.31
1.18
0.029
0.84
HYP
154.00
300.23
146.23
0.18
0.19
1.04
0.020
0.42
DDH21-18
n/a
191.05
206.05
15.00
0.05
0.28
2.04
0.000
0.29
DDH21-19
n/a
No significant intervals
DDH21-20
All
0.00
248.41
248.41
0.16
0.45
2.15
0.011
0.58
CAP
0.00
75
75.00
0.04
0.48
2.95
0.012
0.50
SUP
75.00
143.05
68.05
0.25
0.57
2.24
0.011
0.77
Including
101.05
122.05
21.00
0.33
0.84
3.04
0.017
1.10
HYP
143.05
248.41
105.36
0.19
0.35
1.53
0.009
0.52
DDH21-21
n/a
No significant intervals
DDH21-22
SUP
13.72
118
104.28
0.19
0.16
0.92
0.007
0.35
1
CuEq Metal Prices: US$2.75/lb copper, US$1,500/oz gold, US$11/lb molybdenum, US$18/oz silver with no adjustment for metallurgical recovery.
2
Widths are core length, not true width of mineralized intersection
3
Zone refers to oxidation zone. CAP designates material from the "Leached Cap" zone, SUP to material from the "Supergene" zone, and HYP to material from the hypogene
zone. Oxidation zones for holes drilled outside the main deposit area were not logged and are designated as "n/a".
Table 2: Collar data, 2021 program.
Drill Hole
Easting
Northing
Elevation
(masl)
Azimuth
Inclination
Location
DDH21-01
611067
6958785
1239.2
225
-60
NE of Deposit Core
DDH21-02
611101
6958375
1286.8
195
-60
Deposit Core
DDH21-03
611222
6958506
1269.1
315
-60
E. Edge Deposit Core
DDH21-04
610941
6958341
1359.0
35
-60
Deposit Core
DDH21-05
610894
6958219
1393.1
240
-60
Deposit Core
DDH21-06
610974
6958744
1287.6
215
-60
Deposit Core
DDH21-07
611432
6958707
1177.1
170
-55
E. Edge Deposit Core
DDH21-08
611522
6958674
1168.5
60
-60
E. Edge Deposit Core
DDH21-09
611512
6958620
1161.9
100
-60
E. Edge Deposit Core
DDH21-10
611431
6958530
1165.0
220
-45
E. Edge Deposit Core
DDH21-11
610862
6958314
1371.5
240
-60
W. Edge Deposit Core
DDH21-12
611202
6959465
1323.0
335
-30
Expl. Hole N of Deposit
DDH21-13
611023
6958445
1345.5
140
-60
Deposit Core
DDH21-14
612101
6958659
1132.1
225
-60
Expl. Hole E of Deposit
DDH21-15
610852
6958652
1321.4
260
-60
NW edge, Deposit Core
DDH21-16
612351
6958250
1087.0
215
-60
Expl. Hole SE of Deposit
DDH21-17
611117
6958659
1256.5
55
-60
NE edge, Deposit Core
DDH21-18
612702
6958499
1171.7
225
-60
Expl. Hole E of Deposit
DDH21-19
613902
6954801
1041.8
315
-60
Outlying expl. Hole to SE
DDH21-20
610863
6958312
1371.1
240
-60
Twin hole of DDH21-11
DDH21-21
611707
6954702
864.7
135
-60
Outlying expl. Hole to S
DDH21-22
611432
6958530
1164.1
220
-55
Twin hole of DDH21-10
Figure 1: Casino Project 2021 Drilling Program (CNW Group/Western Copper and Gold
Corporation)
QUALIFIED PERSON
Carl Schulze
, P.Geo. 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 protocol, including assurance of chain of custody, has been implemented. Core samples are
evenly cut by rock saw, then prepared and analyzed by ALS Geochemistry. 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 samples by 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.
The Company is committed to working collaboratively with our First Nations and local communities to
progress the Casino project, using internationally recognized responsible mining technologies and
practices.
For more information, visit
www.westerncopperandgold.com
.
On behalf of the board,
"Paul West-Sells"
Dr.
Paul West-Sells
President and CEO
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"). 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. In making the forward-looking statements herein, the
Company has applied certain material assumptions including, but not limited to, the assumptions
that the circumstances surrounding the COVID-19 pandemic, although evolving, will stabilize or at
least not worsen; that the extent to which COVID-19 may impact the Company, including without
limitation disruptions to the mobility of Company personnel, increased labour and transportation
costs, and other related impacts, will not change in a materially adverse manner; that all regulatory
approvals required to complete the Company's planned exploration and development activities will
be received in a timely manner and on acceptable terms; that the Company is able to procure
personnel, equipment and supplies required for its exploration and development activities in
sufficient quantities and on a timely basis; and that general business conditions will not change in
a materially adverse manner.
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; COVID-19 risks to employee health and safety and a slowdown or
temporary suspension of operations in geographic locations impacted by an outbreak;
uncertainties related to raising sufficient financing in a timely manner and on acceptable terms;
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.
SOURCE
Western Copper and Gold Corporation
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CO: Western Copper and Gold Corporation
CNW 06:02e 24-MAR-22