Western Copper and GOLD Announces Metallurgical Program and Associated Drill Results
WESTERN COPPER AND GOLD ANNOUNCES
METALLURGICAL PROGRAM AND
ASSOCIATED DRILL RESULTS
VANCOUVER, BC
,
March 27, 2024
/CNW/ - Western Copper and Gold Corporation ("Western" or
the "Company") (TSX: WRN) (NYSE American: WRN) announces the launching of a metallurgical
testing program (the "Metallurgical Program") for its wholly-owned
Casino
Copper-Gold Project
("
Casino
"). Fifteen composite samples were prepared from core acquired in 2023 (the "Drill
Program"). Western's Technical and Sustainability Committee, comprised of members from
Western, Rio Tinto Canada Inc. and Mitsubishi Materials Corporation, prepared the Drill and
Metallurgical Programs.
Drill Program
The 2023 Drill Program consisted of seven holes for
2,244 m
ranging from
130 m
to
556 m
in length.
The drill holes were located inside the current pit boundaries and were selected to provide a range
of grades, host rocks, and mineralogy for the Metallurgical Program (see Figure 1). The drill holes
were also selected to convert indicated resource to measured.
The drill results continue to show the importance of the Core Zone wherein relatively higher grades
are encountered as shown by DDH23-05, which intersected
158.5 m
of supergene mineralization, in
part oxidized, with 0.82% CuEq
1
. Furthermore, DDH23-04, which is approximately one kilometre
west of the Core Zone, and DDH23-06, which is at the northwest edge of the Core Zone,
intercepted
86.0 m
of 0.56% CuEq
1
and
174.0 m
of 0.52% CuEq
1
, respectively, in the supergene
zone. Table 1 includes all results from the Drill Program.
Metallurgical Program
The fifteen composite samples represent supergene and hypogene mineralization at various grades
and will be subjected to comminution and flotation tests to produce a definitive concentrate from
each composite. The results from this testing will be used to develop a more
detailed geometallurgical model of the deposit. The test program is being carried out at ALS
Metallurgy, based in
Kamloops, BC
, and is being supervised by Western, Rio Tinto Canada Inc., and
Mitsubishi Materials Corporation personnel.
Table 1: 2023 drill program results
Zone
3
From
To
Length
Cu (%)
Au (g/t)
Mo (%)
Ag (g/t)
CuEq
1
DDH23-01
CAP
0.0
100.2
100.2
0.02
0.28
0.011
2.3
0.28
Supergene
100.2
244.2
144.0
0.19
0.31
0.008
2.3
0.46
SUS
100.2
244.2
144.0
0.19
0.31
0.008
2.3
0.46
HYP
244.2
400.0
155.8
0.08
0.13
0.002
1.0
0.19
DDH23-02
CAP
3.2
72.2
69.0
0.02
0.25
0.006
1.4
0.22
Supergene
72.2
229.0
156.8
0.21
0.32
0.013
1.9
0.50
SOX
72.2
92.5
20.3
0.11
0.25
0.006
1.5
0.31
SUS
92.5
229.0
136.5
0.22
0.33
0.014
1.9
0.52
HYP
229.0
556.0
327.0
0.17
0.21
0.016
1.2
0.38
DDH23-03
CAP
22.1
25.1
3.0
0.06
0.10
0.002
0.7
0.14
Supergene
25.1
109.5
84.5
0.24
0.22
0.006
1.5
0.43
SOX
25.1
42.6
17.5
0.19
0.19
0.003
1.3
0.34
SUS
42.6
109.5
66.9
0.26
0.23
0.006
1.6
0.45
HYP
109.5
528.0
418.5
0.18
0.23
0.018
2.4
0.43
DDH23-04
CAP
4.7
56.6
51.9
0.04
0.15
0.021
1.9
0.25
Supergene
56.6
142.6
86.0
0.30
0.20
0.027
2.4
0.56
SUS
56.6
142.6
86.0
0.30
0.20
0.027
2.4
0.56
DDH23-05
CAP
5.6
72.0
66.4
0.03
0.21
0.031
1.0
0.31
Supergene
72.0
230.5
158.5
0.37
0.41
0.039
1.6
0.82
SOX
72.0
159.0
87.0
0.39
0.39
0.043
1.5
0.84
SUS
159.0
230.5
71.5
0.35
0.44
0.032
1.9
0.79
DDH23-06
CAP
8.5
20.5
12.0
0.07
0.40
0.010
2.2
0.41
Supergene
20.5
194.5
174.0
0.21
0.36
0.013
1.6
0.52
SOX
20.5
86.5
66.0
0.25
0.53
0.013
2.0
0.69
SUS
86.5
194.5
108.0
0.18
0.25
0.012
1.4
0.41
HYP
194.5
256.8
62.3
0.06
0.07
0.011
0.6
0.16
DDH23-07
CAP
-
-
-
-
-
-
-
Supergene
34.2
77.1
42.9
0.22
0.18
0.006
1.3
0.39
SUS
34.2
77.1
42.9
0.22
0.18
0.006
1.3
0.39
HYP
77.1
130.3
53.2
0.24
0.25
0.014
1.8
0.48
1
CuEq metal prices: $US 3.60/lb Cu, $US 1700/oz Au, $US 14/lb Mo, $US 22/lb Ag with no adjustment for metallurgical recovery.
2
Widths are core length, not true width of mineralized intersection
3
CAP – leached cap, SUS – supergene sulphide, SOX – supergene oxide, HYP - hypogene
Figure 1:
Drill hole map showing 2023 drilling (NAD83 / UTM Zone 7N). (CNW Group/Western
Copper and Gold Corporation)
Qualified Persons
The geological information in this news release has been prepared in accordance with Canadian
regulatory requirements set out in National Instrument 43-101 Standards of Disclosures for Minerals
Projects of the Canadian Securities Administrators ("NI 43-101") and supervised, reviewed, and
verified by
Bill Williams
, CPG and Interim Chair of Western, who is a "Qualified Person" as defined
by NI 43-101.
QA/QC protocol for DDH22-01, 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 four-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. Check samples are also included and are
sent to a secondary lab to test the primary labs' methods/procedures.
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
.
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.
On behalf of the board,
"Sandeep Singh"
Sandeep Singh
Chief Executive Officer
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. In making the forward-looking statements herein, the Company has
applied certain material assumptions including, but not limited to, the assumption 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; 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.
SOURCE
Western Copper and Gold Corporation
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CNW 06:30e 27-MAR-24