Western Copper and Gold Announces Drill Campaign at Casino
Western Copper and Gold Announces Drill
Campaign at Casino
VANCOUVER, BC
,
June 4, 2020
/CNW/ - Western Copper and Gold Corporation ("Western" or the
"Company") (TSX: WRN) (NYSE: WRN) announces its 2020 exploration program at its wholly owned
Casino Copper-Gold Project ("Casino").
CASINO DRILL CAMPAIGN
The 2020 drill program will test the High Gold Zone, Northern Porphyry and Canadian Creek Targets
identified by last year's program. Drilling will be performed by three diamond drill rigs, and will
initially consist of 43 holes between 150 metres ("m") and
500 m
in depth. It is expected that drilling
will commence mid-June and be completed by the end of the third quarter.
High Gold Zone
The High Gold Zone was recognized last year during the infill drill program when a number of greater
than 2 grams per tonne ("g/t") gold intercepts were found including hole DH19-21 that returned 55.1
g/t gold over
2.97 m
at a depth of
147.98 m
(
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
.
The high-grade gold mineralization occurs in narrow near vertical structures estimated to be 2 to
5 m
wide that cut the older copper porphyry mineralization. The structures are associated with minor
amounts of a lead-copper-bismuth sulphide, galena, silver telluride and pyrite. These structures trend
east – westerly and generally occur on the south side of the deposit over a distance of more than 2
km. The drilling is designed to confirm the controls, general continuity and variability of grade in the
gold bearing structures. A total of 19 holes will test a 2.0 km length of the gold structures at 10
locations with two "scissor" holes in most cases.
Northern Porphyry
The Northern Porphyry is associated with a satellite intrusive and breccia complex located near the
main Casino intrusion and represents a new deposit on the north side of the main Casino deposit. At
surface, the Northern Porphyry appears to be at a higher erosional level in porphyry system than the
main Casino deposit and suggests potential for improving copper and gold grades at depth. The
proposed drill program will test the dimensions of the Northern Porphyry at
200 m
centres with 12
holes to establish its dimensions and to drill a single deep hole to assess the potential for improving
copper and gold grades at depth.
Canadian Creek Targets
The Canadian Creek drilling will test two primary targets on ground acquired in 2019 referred to as
the Casino West extension and the Ana Target.
The Casino West target is an 800 by
500 m
area immediately west of the Casino deposit. The four
closest historical holes east of the target have leach capping or incipient leaching, weak enrichment
and hypogene copper-gold-molybdenum mineralization typical of what is expected at the outer
edges of a porphyry copper-gold-molybdenum deposit. A total of 8 holes are proposed to test the
area between the Casino deposit and the closest historical holes to the west.
At the Ana Target, three holes will test for porphyry copper-gold mineralization near surface and at
depth. Past exploration shows an untested IP chargeability and copper-in-soil anomaly surrounded
by historical holes with moderate to strong propylitic to potassic alteration associated with low levels
of copper, gold and molybdenum. Associated with this peripheral alteration are small bodies of
intrusion breccia and Patton Porphyry, both closely associated with mineralization at the Casino
deposit. Many of the logs of the historical drill holes mention late pyrite veining in fault and shear
zones.
COVID-19 Policy
The health and safety of our employees, contractors, visitors and the communities in which we
operate are paramount. To that end, we have implemented a COVID-19 policy to reduce the spread
of COVID-19 at our exploration camp, and in the
Yukon
. We will continue to follow the guidance
issued by the Federal and Territorial governments for the operation of remote camps and mining
operations. All of our policies can be found on our website, at
https://casinomining.com/about-us/casino-site-policies/
.
Paul West-Sells
, President and CEO, stated, "Following the success of our 2019 exploration
program, and the acquisition of the Canadian Creek property adjacent to Casino, we are excited to
begin drilling again. Further delineation of the High Gold Zone, the key component of the drilling
campaign, has the potential to significantly change the project, and further delineation of the Northern
Porphyry and Canadian Creek should further establish the district potential of this land package."
Technical information in this news release has been reviewed and approved by
Jack McClintock
,
P.Geo, and a 'Qualified Person' as defined under Canadian National Instrument 43-101.
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"). 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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For further information:
Chris Donaldson, Director, Corporate Development, 604.638.2520 or
CO: Western Copper and Gold Corporation
CNW 07:59e 04-JUN-20